Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash $ 7,497 $ 9,592
Inventory 723,595 726,140
Prepaid expenses 15,086
Current assets of discontinued operations and assets held for sale 2,096 9,730
Total current assets 733,188 760,548
Equipment, net 15,530 25,278
Intangible assets, net 113,331 178,517
Noncurrent assets of discontinued operations and assets held for sale 1,106,736
Total assets 862,049 2,071,079
Current liabilities:    
Accounts payable 22,710 72,581
Due to related party 1,246,805 721,434
Accrued compensation - related party 1,239,750 1,036,000
Common stock payable 79,625
Short term notes payable, less unamortized debt issuance costs of $27,750 and $70,000 at December 31, 2018 and 2017, respectively 103,770 19,051
Convertible notes payable, less unamortized debt discount of $0 and $224,904 at December 31, 2018 and 2017, respectively 1,731,504 1,212,600
Derivative liabilities 470,839
Other current liabilities 69,774 54,188
Current liabilities of discontinued operations and assets held for sale 162,978 498,635
Total current liabilities 4,577,291 4,164,953
Total liabilities 4,577,291 4,164,953
Shareholders' deficit    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, 1 and 1 share issued and outstanding at December 31, 2018 and 2017, respectively
Common stock, $0.0001 par value, 150,000,000 shares authorized; 81,272,408 and 53,276,676 shares issued and outstanding at December 31, 2018 and 2017, respectively 8,128 5,328
Additional paid-in-capital 9,277,899 8,281,793
Accumulated deficit (13,001,269) (10,380,995)
Total shareholders' deficit (3,715,242) (2,093,874)
Total liabilities and shareholders' deficit $ 862,049 $ 2,071,079