Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - Successor [Member] - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash $ 9,219 $ 149,607
Accounts receivable 25,143
Inventory 724,852 723,602
Prepaid expenses 833 1,667
Total current assets 760,047 874,876
Equipment, net 35,121 38,050
Intangible assets, net 927,281 947,259
Goodwill 481,947 481,947
Total assets 2,204,396 2,342,132
Current liabilities:    
Accounts payable 17,784 31,940
Due to related party 531,670 440,747
Accrued compensation - related party 841,000 776,000
Deferred revenue 52,843 78,820
Convertible notes payable, less unamortized debt discount of $132,208 and $273,859 at March 31, 2017 and December 31, 2016, respectively 730,292 588,641
Derivative liabilities 188,465 153,663
Estimated fair value of contingent payments 424,511 424,511
Warrant liabilities 519,058 473,296
Other current liabilities 41,072 35,571
Total current liabilities 3,346,695 3,003,189
Long-term liabilities:    
Convertible notes, less unamortized debt discount of $210,045 and $256,722 at at March 31, 2017 and December 31, 2016, respectively 77,457 30,780
Total long-term liabilities 77,457 30,780
Total liabilities 3,424,152 3,033,969
Commitments and contingencies
Shareholders' deficit    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, no shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively
Common stock, $0.0001 par value, 150,000,000 shares authorized; 43,767,887 and 43,414,687 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively 4,377 4,342
Additional paid-in-capital 5,519,493 5,433,552
Accumulated deficit (6,743,626) (6,129,731)
Total shareholders' deficit (1,219,756) (691,837)
Total liabilities and shareholders' deficit $ 2,204,396 $ 2,342,132