XML 12 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 533,542 $ 990,457
Accounts receivable, net of allowance of $2,500 and $0, at December 31, 2017 and September 30, 2018 112,419 94,413
Inventories 46,194 53,973
Prepaid expenses and other current assets 60,173 20,000
Total current assets 752,328 1,158,843
Leasehold improvements and equipment, net of depreciation 125,219 108,865
Other non-current assets 35,215 32,530
Deferred offering cost 176,123 195,182
Total assets 1,088,885 1,495,420
Current liabilities:    
Accounts payable and accrued expenses 361,063 224,105
Convertible notes and notes payable 1,383,108 5,248,847
Lines of credit 430,000
Discount on debt obligations, net of amortization (345,858) (1,257,182)
Total current liabilities 1,828,313 4,215,770
Long-term liabilities:    
Convertible notes and note payable 460,000 1,539,271
Discount on debt obligations, net of amortization (218,556) (850,000)
Total liabilities 2,069,757 4,905,041
COMMITMENTS AND CONTINGENCIES (Note 10)
STOCKHOLDERS’ EQUITY (DEFICIT):    
Convertible Preferred Series A, $.00067 Par Value, 50,000,000 Shares Authorized, no Shares Issued and Outstanding, at December 31, 2017 and September 30, 2018
Common stock, $.00067 Par value, 200,000,000 and 400,000,000 shares authorized, 104,164,465 and 132,036,574 shares issued, at December 31, 2017 and September 30, 2018 88,617 69,871
Additional paid-in capital 108,214,683 97,093,144
Accumulated deficit (109,591,476) (101,204,846)
Accumulated other comprehensive loss (67,373) (62,489)
Total Biolargo, Inc. and Subsidiaries stockholders’ equity (deficit) (1,355,549) (4,104,320)
Non-controlling interest (Note 8) 374,677 694,699
Total stockholders’ equity (deficit) (980,872) (3,409,621)
Total liabilities and stockholders’ equity (deficit) $ 1,088,885 $ 1,495,420