Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.3.1.900
Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 7,677,163 $ 442,257
Inventory 78,917 392,750
Prepaid expenses, deposits and deferred costs 3,149,289 74,623
Current assets, Total 10,905,369 909,630
Property, plant and equipment, net 3,736,359 4,042,359
Assets, Total 14,641,728 4,951,989
Current liabilities:    
Accounts payable 1,606,695 1,603,555
Accounts payable, related parties 399,542 384,776
Notes payable 13,534,426 $ 1,243,000
Shareholder advances 111,700
Current portion of long-term debt 2,772,500 $ 35,904
Current liabilities, Total $ 18,424,863 3,267,235
Long-term debt $ 2,494,141
Stockholders' deficit:    
Series A preferred stock, par value of $.001 per share 75,000,000 shares shares authorized, 0 shares issued and outstanding at December 31, 2015 and December 31, 2014
Common stock, par value of $.001 per share 50,000,000 shares authorized, 18,204,923 shares issued and outstanding at December 31, 2015 and 14,994,514 shares issued and outstanding at December 31, 2014 $ 18,205 $ 14,994
Additional paid-in capital 33,557,615 27,263,525
Stock based compensation 6,158,390 6,002,586
Accumulated deficit (43,517,345) (34,090,492)
Stockholders' equity (deficit), Total (3,783,135) (809,387)
Liabilities and Stockholders' Equity (Deficit), Total $ 14,641,728 $ 4,951,989