Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF OPERATIONS

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STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]    
Revenues $ 445,965 $ 2,086,609
Sales returns and allowances (19,811) (590,023)
Net revenue 426,154 1,496,586
Costs of goods sold 503,946 1,118,378
Gross margin (77,792) 378,208
Operating Expenses:    
Compensation expense 282,711 253,272
Advertising and promotion 36,820 584,061
Professional fees 63,444 103,871
Licensing expense 6,501,715
General and administrative 245,719 916,623
Total operating expenses 628,894 8,359,542
Loss from operations (706,686) (7,981,334)
Other Income (Expense):    
Interest expense (7,319) (23,184)
Amortization of debt discount (50,029)
Loss on disposal of assets (20,461) (17,034)
Loss on conversion of debt (226,811)
Change in fair value of derivative liability (3,042)
Gain on extinguishment of debt 20,435 62,859
Total other income (expense) 7,375 (257,241)
Net Loss $ (714,031) $ (8,238,575)
Loss per Share, Basic & Diluted $ (0.02) $ (0.32)
Weighted Average Shares Outstanding 26,300,453 26,094,042