v3.19.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current Assets    
Cash $ 1,216 $ 50,903
Advance to vendor 86,149
Prepaid assets 8,616 16,457
Accounts receivable 37,225 45,818
Inventory 387,949
Total Current Assets 435,006 199,327
Property and equipment, net 377,750 7,199
Goodwill 2,472,119 239,151
Intangible assets, net of accumulated amortization 2,971,003 213,542
TOTAL ASSETS 6,255,878 659,219
Current Liabilities    
Accounts payable and accrued expenses 380,546 298,319
Accounts payable and accrued expenses, related parties 526,967 552,806
Liability for common stock payable 245,000  
Convertible notes payable, net of discounts 1,354,170 514,102
Convertible note payable, related party 50,000 50,000
Current portion of notes payable 1,391,588 332,838
Notes Payable, related party 60,000 60,000
Current portion of license fee payable 734,089
Derivative liabilities 2,050,469 1,199,514
Total Current Liabilities 6,792,830 3,007,579
Long Term Liabilities    
Notes payable 272,368
License fee payable 500,000
Put option payable 2,849,076
TOTAL LIABILITIES 10,414,273 3,007,579
Stockholders' Deficit    
Preferred stock (10,000,000 shares authorized, par value $0.001, no shares issued and outstanding) Series C Preferred Stock (50,000 shares authorized and issued and outstanding, par value $0.001, September 30, 2019) 50
Common stock (990,000,000 shares authorized par value $0.001; 70,858,554 and 29,068,202 shares issued and outstanding September 30, 2019, and December 31, 2018, respectively) 70,859 29,069
Deferred stock compensation (116,621) (269,167)
Common stock to be issued (1,350,000 shares issuable September 30, 2019) 1,350
Additional paid in capital 4,391,401 1,959,857
Accumulated Deficit (8,506,073) (4,068,747)
Stock subscription receivable (7,600) (7,600)
Accumulated comprehensive gain 8,239 8,228
Total Stockholders' Deficit (4,158,395) (2,348,360)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 6,255,878 $ 659,219

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