Financials

v3.3.1.900
UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash and cash equivalents $ 25,454 $ 9,230
Accounts receivable, net 81,121 75,143
Inventory 52,317 43,199
Cost in excess of billings 153,605 0
Other current assets 3,430 3,430
TOTAL CURRENT ASSETS 315,927 131,002
PROPERTY, PLANT AND EQUIPMENT, NET 189,874 223,189
TOTAL ASSETS 505,801 354,191
CURRENT LIABILITIES    
Accounts payable 1,012,111 1,124,602
Accounts payable - related parties 72,055 66,467
Notes payable 224,636 203,787
Notes payable - related parties 62,938 65,947
Convertible notes payable, net of discount of $482,738 and $2,853 499,732 265,147
Accrued liabilities 592,823 564,049
Billings in excess of cost on uncompleted contracts 0 46,148
Derivative liabilities 859,276 1,852,319
TOTAL CURRENT LIABILITIES 3,323,571 4,188,466
TOTAL LIABILITIES $ 3,323,571 $ 4,188,466
STOCKHOLDERS' DEFICIT    
Preferred stock, $.001 par value, 25,000,000 shares authorized; none of which issued and outstanding as of September 30, 2015 and December 31, 2014, respectively
Common stock, $0.001 par value, 300,000,000 shares authorized, 134,771,025 and 97,348,713 shares issued and outstanding as of September 30, 2015 and December 31, 2014, respectively $ 134,771 $ 97,349
Additional paid in captial 3,821,148 210,797
Accumulated deficit (6,773,689) (4,142,421)
TOTAL STOCKHOLDERS' DEFICIT (2,817,770) (3,834,275)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 505,801 $ 354,191
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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues        
Sales $ 59,983 $ 937,906 $ 372,089 $ 982,458
Operating expenses        
Cost of sales 42,544 436,865 372,466 923,508
Selling, general and administrative 521,391 528,163 1,716,309 1,184,005
Depreciation and amortization expense 11,105 11,836 33,315 36,737
Total operating expenses 575,040 976,864 2,122,090 2,144,250
Loss from operations (515,057) (38,958) (1,750,001) (1,161,792)
Other (expenses)        
Interest expense (444,256) (50,383) (563,816) (118,282)
Loss on extinguishment of debt       (303,411)
Gain/loss due to changes in derivative liabilities 105,771 (24,469) (321,502) (36,507)
Other income (expenses) 2,203 37 4,051 (11,150)
Total other (expenses) (336,282) (74,815) (881,267) (469,350)
Net (loss) $ (851,339) $ (113,773) $ (2,631,268) $ (1,631,142)
(Loss) per common share        
Basic net (loss) per common share $ (0.01)   $ (0.03) $ (0.02)
Basic weighted average number of shares outstanding 111,729,779 90,576,574 103,990,696 88,567,453
v3.3.1.900
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (2,631,268) $ (1,631,142)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization expense 33,315 36,737
Amortization of debt discounts 493,785 91,574
Loss on extinguishment of debt   303,411
Gain/loss due to changes in derivative liabilities 321,502 36,507
Common stock issued for services 1,214,200 784,000
Warrants granted for services   104,998
Changes in operating assets and liabilities:    
Accounts receivable (5,978) (885,847)
Inventory (9,118) (253,063)
Accounts payable (117,914) 534,755
Accounts payable - related parties 5,588 344,700
Cost in excess of billings (153,605)  
Billings in excess of cost on uncompleted contracts (46,148)  
Accrued liabilities 42,025 (238,474)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES $ (853,616) (771,844)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of equipment   $ (11,055)
(Payments) to notes receivables
NET CASH (USED IN) INVESTING ACTIVITIES   $ (11,055)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from notes payable $ 20,849  
Proceeds from notes payable - related parties 7,800  
(Repayments to) notes payable - related parties (10,809)  
Proceeds from convertible notes payable 857,000 55,000
(Repayments to) convertible notes payable (5,000)  
Proceeds from options exercises   22,378
Proceeds from sales of common stock   360,000
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 869,840 437,378
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 16,224 (345,521)
CASH AND CASH EQUIVALENTS:    
Beginning of year 9,230 545,714
End of year $ 25,454 $ 200,193
Supplemental disclosure of cash flow information:    
Cash paid for income taxes
Cash paid for interest
Supplemental disclosures of non-cash investing and financing activities:    
Debt discount issued with convertible notes $ 834,189 $ 58,000
Shares issued for conversion of debt, including accrued interest 290,262  
Shares issued for price reduction 330  
Relcassification of derivative liability to APIC $ 2,143,311  
Stock issued to settle partial accrued salaries   111,015
Stock issued to settle related parties notes   $ 19,038