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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 1,175,525 $ 1,910,153
Accounts receivable, net of allowance of $0 and $15,000 62,436 67,994
Inventories 24,628 34,446
Prepaid expenses and other current assets 147,382 4,089
Total current assets 1,409,971 2,016,682
Equipment, net of depreciation 54,121 59,315
Other non-current assets, net of amortization 33,999 36,729
Total assets 1,498,091 2,112,726
Current liabilities:    
Accounts payable and accrued expenses 236,699 200,103
Accrued Bonuses, Current 80,000
Convertible notes payable 280,000 560,000
Discount on convertible notes payable, net of amortization (267,860) (398,910)
Derivative warrant liability 397,960 663,560
Line of credit 50,000 50,000
Total current liabilities 696,799 1,154,753
Long-term liabilities:    
Convertible notes payable 5,255,668 5,250,668
Discount on convertible notes payable and line of credit, net of amortization (3,007,423) (3,522,497)
Line of Credit 175,000
Total liabilities 3,120,044 2,882,924
COMMITMENTS, CONTINGENCIES (Note 9)
STOCKHOLDERS’ DEFICIT:    
Convertible Preferred Series A, $.00067 Par Value, 50,000,000 Shares Authorized, - no Shares Issued and Outstanding, at December 31, 2016 and March 31, 2017
Common stock, $.00067 Par Value, 200,000,000 Shares Authorized, 92,975,970 and 94,988,597 Shares Issued, at December 31, 2016 and March 31, 2017 63,536 62,179
Additional paid-in capital 91,828,114 90,609,774
Accumulated deficit (93,912,246) (91,915,426)
Accumulated other comprehensive loss (93,070) (81,694)
Total Biolargo, Inc. and Subsidiaries stockholders’ deficit (2,113,666) (1,325,167)
Non-controlling interest (Note 8) 491,713 554,969
Total stockholders’ deficit (1,621,953) (770,198)
Total liabilities and stockholders’ deficit $ 1,498,091 $ 2,112,726