Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS (unaudited)

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CONDENSED BALANCE SHEETS (unaudited) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash $ 144,391 $ 638,824
Inventory 732,753 509,788
Prepaid expenses 6,000 13,623
Total current assets 883,144 1,162,235
Equipment, net 6,856 4,761
Intangible assets 268,000 260,000
Total assets 1,158,000 1,426,996
Current liabilities:    
Accounts payable - related party 399,337 396,819
Accrued compensation - related party 646,000 516,000
Advance from shareholder 55,504 55,504
Derivative liabilities 315,297 88,983
Warrant liabilities 418,039 439,107
Total current liabilities 1,834,177 1,496,413
Long-term liabilities:    
Convertible notes, less unamortized debt discount of $563,458 and $849,909 at June 30, 2016 and December 31, 2015, respectively 299,042 12,591
Total long-term liabilities 299,042 12,591
Total liabilities 2,133,219 1,509,004
Stockholders' (deficit) equity    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, no shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively
Common stock, $0.0001 par value, 150,000,000 shares authorized; 34,398,000 and 34,323,000 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively 3,440 3,432
Additional paid-in-capital 4,084,860 3,241,137
Accumulated deficit (5,063,519) (3,326,577)
Total stockholders' deficit (975,219) (82,008)
Total liabilities and stockholders' (deficit) equity $ 1,158,000 $ 1,426,996