Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF OPERATIONS

v3.3.1.900
STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]    
Revenues $ 2,069,285 $ 49,077
Costs of goods sold 1,118,378 15,545
Gross margin (deficit) 950,907 33,532
Operating Expenses:    
Compensation expense 253,272 220,844
Advertising and promotion 584,061 152,831
Professional fees 103,871 $ 89,528
Licensing expense 6,501,715
General and administrative 902,732 $ 857,795
Total operating expenses 8,345,651 1,320,998
Loss from operations (7,394,744) (1,287,466)
Other Income (Expense):    
Interest expense (23,184) $ (18,493)
Amortization of debt discount (50,029)
Loss on disposal of assets (17,034)
Loss on conversion of debt (226,811) $ (424,119)
Change in fair value of derivative liability (3,042)
Gain on extinguishment of debt 62,859 $ 5,801
Total other income (expense) (257,241) (436,811)
Net Loss $ (7,651,985) $ (1,724,277)
Loss per Share, Basic & Diluted $ (0.29) $ (0.08)
Weighted Average Shares Outstanding 26,094,042 21,218,500