Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS (unaudited)

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CONDENSED BALANCE SHEETS (unaudited) - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash $ 317,972 $ 638,824
Inventory 703,416 509,788
Prepaid expenses 5,396 13,623
Total current assets 1,026,784 1,162,235
Equipment, net 7,541 4,761
Intangible assets 260,000 260,000
Total assets 1,294,325 1,426,996
Current liabilities:    
Accounts payable - related party 397,411 396,819
Accrued compensation - related party 581,000 516,000
Advance from shareholder 55,504 55,504
Derivative liabilities 87,995 88,983
Warrant liabilities 431,383 439,107
Total current liabilities 1,553,293 1,496,413
Long-term liabilities:    
Convertible notes, less unamortized debt discount of $706,683 and $849,909 at March 31, 2016 and December 31, 2015, respectively 155,817 12,591
Total long-term liabilities 155,817 12,591
Total liabilities $ 1,709,110 $ 1,509,004
Commitments and contingencies
Stockholders' (deficit) equity    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, no shares issued and outstanding at December 31, 2015 and 2014, respectively
Common stock, $0.0001 par value, 150,000,000 shares authorized; 34,323,000 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively $ 3,432 $ 3,432
Additional paid-in-capital 3,759,602 3,241,137
Accumulated deficit (4,177,819) (3,326,577)
Total stockholders' deficit (414,785) (82,008)
Total liabilities and stockholders' (deficit) equity $ 1,294,325 $ 1,426,996