Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.19.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current Assets    
Cash $ 71,294 $ 19,028
Accounts receivable 60,523 59,628
Inventory 330,632 504,794
Recoverable IVA taxes and credits 98,493 215,990
Other current assets 179,139 288,687
Total Current Assets 740,081 1,088,127
Non-Current Assets    
Plant and equipment, net 228,103 160,301
Intangibles, net 82,417 125,417
Investment 3,000 3,000
Other assets 10,373 6,950
Total Non-Current Assets 323,893 295,668
Total Assets 1,063,974 1,383,795
Current Liabilities    
Accounts payable 548,891 446,032
Loans payable 233,203 294,620
Loans payable - related parties 136,790 55,296
Convertible debt, net of unamortized discount of $1,039,459 and $652,563, respectively 1,251,033 859,444
Convertible debt - related parties, net of unamortized discount of $0 and $338,709,respectively 128,872 724,522
Derivative liability 1,833,672 3,277,621
IVA and other taxes payable 18,969 7,178
Advances from customers 120,909 119,597
Total Current Liabilities 4,272,339 5,784,310
Total Liabilities 4,272,339 5,784,310
Stockholders' Deficit    
Preferred stock, $0.0001 par value, 25,000,000 shares authorized, and 0 shares issued and outstanding as of December 31, 2018 and December 31, 2017.
Common stock, $0.0001 par value; 500,000,000 shares authorized, 88,839,218 and 56,207,424 shares issued and outstanding as of December 31, 2018 and December 31, 2017, respectively. 8,884 5,620
Additional paid-in-capital 14,857,769 8,494,502
Accumulated deficit (18,455,925) (13,388,191)
Accumulated other comprehensive income 380,907 487,554
Total Stockholders' Deficit (3,208,365) (4,400,515)
Total Liabilities and Stockholders' Deficit $ 1,063,974 $ 1,383,795