Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF CASH FLOWS

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STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
CASH FLOW FROM OPERATING ACTIVITES:    
Net Loss for the Period   $ (1,724,277)
Adjustments to reconcile net loss to net cash used by operating activities:    
Stock based compensation   407,852
Depreciation   41,786
Consulting paid with options   $ 59,854
License fees paid with warrants  
(Gain) / loss on extinguishment of debt   $ (5,801)
Loss on conversion of debt   $ 424,119
Loss on disposal of fixed assets  
Interest expense on shareholder loan   $ 1,629
Amortization of debt discount  
Change in fair value of derivative liability  
Changes in Operating Assets and Liabilities:    
Accounts receivable   $ (7,016)
Prepaids & other assets   1,797
Inventory   (119,163)
Accounts payable   $ 22,620
Product returns & allowances  
Accrued expenses   $ 343,679
Net Cash (Used) in Operating Activities   (547,121)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment   (59,954)
Net Cash Used by Investing Activities   (59,954)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of stock   88,000
Officer advances   10,400
Repayment of officer advance   (38,800)
Proceeds from notes payable   587,147
Payments on notes payable   (47,874)
Net Cash Provided by Financing Activities   598,873
Net Increase (decrease) in Cash   (8,202)
Cash at Beginning of Period $ 196 8,398
Cash at End of Period   $ 196
Cash paid during the year for:    
Interest  
Franchise and income taxes  
Supplemental disclosure of non-cash activities:    
Forgiveness of related party debt   $ 189,320
Stock issued for conversion of debt   $ 1,153,650
Restated [Member]    
CASH FLOW FROM OPERATING ACTIVITES:    
Net Loss for the Period (8,238,575)  
Adjustments to reconcile net loss to net cash used by operating activities:    
Stock based compensation 21,082  
Depreciation 38,431  
Consulting paid with options 119,707  
License fees paid with warrants 6,501,715  
(Gain) / loss on extinguishment of debt (62,859)  
Loss on conversion of debt 226,811  
Loss on disposal of fixed assets $ 17,034  
Interest expense on shareholder loan  
Amortization of debt discount $ 50,029  
Change in fair value of derivative liability 3,042  
Changes in Operating Assets and Liabilities:    
Accounts receivable (151,466)  
Prepaids & other assets 11,521  
Inventory (359,053)  
Accounts payable 387,405  
Product returns & allowances 609,770  
Accrued expenses 206,314  
Net Cash (Used) in Operating Activities $ (620,092)  
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment  
Net Cash Used by Investing Activities  
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of stock  
Officer advances $ 20,953  
Repayment of officer advance (21,800)  
Proceeds from notes payable 776,199  
Payments on notes payable (114,971)  
Net Cash Provided by Financing Activities 660,381  
Net Increase (decrease) in Cash 40,289  
Cash at End of Period $ 40,485  
Cash paid during the year for:    
Interest  
Franchise and income taxes  
Supplemental disclosure of non-cash activities:    
Forgiveness of related party debt  
Stock issued for conversion of debt $ 298,000