Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.7.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Successor [Member]    
Current assets:    
Cash $ 149,607  
Accounts receivable  
Inventory 723,602  
Prepaid expenses 1,667  
Total current assets 874,876  
Equipment, net 38,050  
Intangible assets, net 947,259  
Goodwill 481,947  
Deposits  
Total assets 2,342,132  
Current liabilities:    
Accounts payable 31,940  
Due to related party 440,747  
Accrued compensation - related party 776,000  
Deferred revenue 78,820  
Short term notes payable  
Short term notes payable - related party  
Current portion of convertible notes payable, less unamortized debt discount of $273,859 at December 31, 2016 588,641  
Derivative liabilities 153,663  
Estimated fair value of contingent payments 424,511  
Warrant liabilities 473,296  
Other current liabilities 35,571  
Total current liabilities 3,003,189  
Long-term liabilities:    
Convertible notes, less unamortized debt discount of $256,722 at December 31, 2016 30,780  
Total long-term liabilities 30,780  
Total liabilities 3,033,969  
Commitments and contingencies  
Shareholders' deficit    
Preferred stock  
Common stock 4,342  
Additional paid-in-capital 5,433,552  
Accumulated deficit (6,129,731)  
Total shareholders' deficit (691,837)  
Total liabilities and shareholders' deficit $ 2,342,132  
Predecessor [Member]    
Current assets:    
Cash   $ 42,332
Accounts receivable   25,901
Inventory   6,987
Prepaid expenses   16,202
Total current assets   91,422
Equipment, net   18,868
Intangible assets, net   126,252
Goodwill  
Deposits   8,701
Total assets   245,243
Current liabilities:    
Accounts payable   577,106
Due to related party  
Accrued compensation - related party  
Deferred revenue   261,662
Short term notes payable   40,895
Short term notes payable - related party   459,681
Current portion of convertible notes payable, less unamortized debt discount of $273,859 at December 31, 2016  
Derivative liabilities  
Estimated fair value of contingent payments  
Warrant liabilities  
Other current liabilities   87,161
Total current liabilities   1,426,505
Long-term liabilities:    
Convertible notes, less unamortized debt discount of $256,722 at December 31, 2016  
Total long-term liabilities  
Total liabilities   1,426,505
Commitments and contingencies  
Shareholders' deficit    
Preferred stock  
Common stock   100
Additional paid-in-capital   1,588,167
Accumulated deficit   (2,769,529)
Total shareholders' deficit   (1,181,262)
Total liabilities and shareholders' deficit   $ 245,243