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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 1,731,946 $ 1,763,114
Accounts receivable 83,287 41,431
Inventories 25,620 37,435
Prepaid expenses and other current assets 32,254 49,167
Total current assets 1,873,107 1,891,147
Equipment, net of depreciation 55,009
Other non-current assets, net of amortization 39,459 19,157
Total assets 1,967,575 1,910,304
Current liabilities:    
Accounts payable and accrued expenses 290,076 324,983
Accrued officer bonus 100,000
Convertible notes 280,000
Discount on convertible notes payable (78,826)
Derivative warrant liability 303,880
Deposits 135,000
Total current liabilities 831,243 459,983
Long-term liabilities:    
Aggregate Investments 5,117,876 3,245,972
Line of credit 50,000
Discount on convertible notes payable and line of credit (3,871,450) (2,937,019)
Total liabilities 2,127,669 768,936
STOCKHOLDERS’ EQUITY (DEFICIT):    
Convertible Preferred Series A, $.00067 Par Value, 50,000,000 Shares Authorized, -0- Shares Issued and Outstanding, at December 31, 2015 and September 30, 2016, respectively. 0 0
Common stock, $.00067 Par Value, 200,000,000 Shares Authorized, 85,648,015 and 89,915,980 Shares Issued, at December 31, 2015 and September 30, 2016, respectively. 60,114 57,236
Additional paid-in capital 88,925,035 84,410,821
Accumulated deficit (89,680,852) (84,075,695)
Accumulated other comprehensive loss (62,290) (40,567)
Non-controlling interest (Note 8) 597,899 789,573
Total stockholders’ equity (deficit) (160,094) 1,141,368
Total liabilities and stockholders’ equity $ 1,967,575 $ 1,910,304