Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF OPERATIONS

v3.5.0.1
STATEMENTS OF OPERATIONS - USD ($)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Sales   $ 49,077
Sales returns and allowances  
Revenues   $ 49,077
Costs of goods sold   15,545
Gross margin (deficit)   33,532
Operating Expenses:    
Compensation expense   220,844
Advertising and promotion   152,831
Professional fees   $ 89,528
Licensing expense  
General and administrative   $ 857,795
Total operating expenses   1,320,998
Loss from operations   (1,287,466)
Other Income (Expense):    
Interest expense   $ (18,493)
Amortization of debt discount  
Loss on disposal of assets  
Loss on conversion of debt   $ (424,119)
Change in fair value of derivative liability  
Gain on extinguishment of debt   $ 5,801
Total other income (expense)   (436,811)
Net Loss   $ (1,724,277)
Loss per Share, Basic & Diluted   $ (0.08)
Weighted Average Shares Outstanding   21,218,500
Restated [Member]    
Sales $ 2,086,609  
Sales returns and allowances (590,023)  
Revenues 1,496,586  
Costs of goods sold 1,118,378  
Gross margin (deficit) 378,208  
Operating Expenses:    
Compensation expense 253,272  
Advertising and promotion 584,061  
Professional fees 103,871  
Licensing expense 6,501,715  
General and administrative 916,623  
Total operating expenses 8,359,542  
Loss from operations (7,981,334)  
Other Income (Expense):    
Interest expense (23,184)  
Amortization of debt discount (50,029)  
Loss on disposal of assets (17,034)  
Loss on conversion of debt (226,811)  
Change in fair value of derivative liability (3,042)  
Gain on extinguishment of debt 62,859  
Total other income (expense) (257,241)  
Net Loss $ (8,238,575)  
Loss per Share, Basic & Diluted $ (0.32)  
Weighted Average Shares Outstanding 26,094,042