Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

v3.7.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current liabilities:    
Derivative liabilities $ 131,240 $ 153,663
Warrant liabilities 585,354 473,296
Successor [Member]    
Current assets:    
Cash 32,155 149,607
Accounts receivable 63,002
Inventory 721,739 723,602
Prepaid expenses 1,667
Total current assets 816,896 874,876
Equipment, net 32,169 38,050
Intangible assets, net 896,148 947,259
Goodwill 481,947 481,947
Total assets 2,227,160 2,342,132
Current liabilities:    
Accounts payable 201,572 31,940
Due to related party 537,705 440,747
Accrued compensation - related party 906,000 776,000
Deferred revenue 49,612 78,820
Convertible notes payable, less unamortized debt discount of $0 and $273,859 at June 30, 2017 and December 31, 2016, respectively 1,150,002 588,641
Derivative liabilities 131,240 153,663
Estimated fair value of contingent payments, net 309,879 424,511
Warrant liabilities 585,354 473,296
Other current liabilities 49,560 35,571
Total current liabilities 3,920,924 3,003,189
Long-term liabilities:    
Note payable, less unamortized debt issuance costs of $107,500 at June 30, 2017 17,505
Convertible notes, less unamortized debt discount of $256,722 at December 31, 2016 30,780
Total long-term liabilities 17,505 30,780
Total liabilities 3,938,429 3,033,969
Commitments and contingencies
Shareholders' deficit    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, 1 and no shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively
Common stock, $0.0001 par value, 150,000,000 shares authorized; 46,022,887 and 43,414,687 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively 4,602 4,342
Additional paid-in-capital 5,992,178 5,433,552
Accumulated deficit (7,708,049) (6,129,731)
Total shareholders' deficit (1,711,269) (691,837)
Total liabilities and shareholders' deficit $ 2,227,160 $ 2,342,132