XML 13 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash $ 22,907 $ 1,344,737
Accounts receivable, net of allowance for doubtful accounts of $177,140 and $3,000 in 2015 and 2014, respectively 347,048 15,567
Inventories $ 177,492 110,953
Brand participation fee, net 300,000
Other current assets $ 100,555 15,520
Total current assets 648,002 1,786,777
Property and equipment, net of accumulated depreciation of $40,620 and $1,255 at 2015 and 2014, respectively 208,350 60,674
Deposits 21,321 12,800
Total assets 877,673 1,860,251
Current liabilities:    
Accounts payable and accrued expenses 327,623 135,563
Accounts payable - related parties $ 37,936 122,084
Deferred revenue $ 234,916
Notes payable $ 842,504
Accrued interest 35,052
Other current liabilities 17,924
Total current liabilities $ 1,261,039 $ 492,563
Commitments and contingencies
Stockholders' equity (deficiency):    
Series A convertible preferred stock; $0.0001 par value; 25,000,000 shares authorized; 1,917,720 shares issued and outstanding on December 31, 2015 (1,917,720 at December 31, 2014) $ 192 $ 192
Common stock; $0.0001 par value; 100,000,000 shares authorized; 39,894,673 and 39,197,400 shares issued and outstanding on December 31, 2015 and 2014, respectively 3,990 $ 3,920
Common stock earned but unissued; 302,283 shares as of December 31, 2015 30
Additional paid-in capital 6,180,929 $ 2,713,016
Accumulated deficit (6,568,507) (1,349,440)
Total stockholders' equity (deficiency) (383,366) 1,367,688
Total liabilities and stockholders' equity (deficiency) $ 877,673 $ 1,860,251