Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

v3.8.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current liabilities:    
Derivative liabilities $ 662,250 $ 153,663
Warrant liabilities 951,859 473,296
Successor [Member]    
Current assets:    
Cash 21,860 149,607
Accounts receivable 17,322
Inventory 726,139 723,602
Prepaid expenses 1,667
Total current assets 765,321 874,876
Equipment, net 28,724 38,050
Intangible assets, net 852,377 947,259
Goodwill 481,947 481,947
Total assets 2,128,369 2,342,132
Current liabilities:    
Accounts payable 172,480 31,940
Due to related party 771,884 440,747
Accrued compensation - related party 971,000 776,000
Deferred revenue 41,334 78,820
Short term notes payable 13,407
Convertible notes payable, less unamortized debt discount of $0 and $273,859 at September 30, 2017 and December 31, 2016, respectively 1,150,002 588,641
Derivative liabilities 662,250 153,663
Estimated fair value of contingent payments, net 305,913 424,511
Warrant liabilities 951,859 473,296
Other current liabilities 55,811 35,571
Total current liabilities 5,095,940 3,003,189
Long-term liabilities:    
Note payable, less unamortized debt issuance costs of $87,500 at September 30, 2017 20,725
Convertible notes, less unamortized debt discount of $256,722 at December 31, 2016 30,780
Total long-term liabilities 20,725 30,780
Total liabilities 5,116,665 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 September 30, 2017 and December 31, 2016, respectively
Common stock, $0.0001 par value, 150,000,000 shares authorized; 49,971,310 and 43,414,687 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively 4,997 4,342
Additional paid-in-capital 6,212,455 5,433,552
Accumulated deficit (9,205,748) (6,129,731)
Total shareholders' deficit (2,988,296) (691,837)
Total liabilities and shareholders' deficit $ 2,128,369 $ 2,342,132