Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.19.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current Assets    
Cash $ 11,727 $ 71,294
Accounts receivable 46,537 60,523
Inventory 336,344 330,632
Recoverable IVA taxes and credits 120,466 98,493
Other current assets 220,095 179,139
Total Current Assets 735,169 740,081
Non-Current Assets    
Plant and equipment, net 204,927 228,103
Right of use asset 17,154
Intangibles, net 60,917 82,417
Investment 3,000 3,000
Other assets 12,618 10,373
Total Non-Current Assets 298,616 323,893
Total Assets 1,033,785 1,063,974
Current Liabilities    
Accounts payable 722,252 548,891
Loans payable 375,409 233,203
Loans payable - Related parties 150,389 136,790
Convertible debt, net of unamortized discount of $421,316 and $532,747, respectively 1,804,891 1,251,033
Convertible debt - Related parties, net of unamortized discount of $0 and $0 respectively 136,786 128,872
Operating lease liability 17,222
Derivative liability 1,365,652 1,833,672
IVA and other taxes payable 40,238 18,969
Advances from customers 144,724 120,909
Total Current Liabilities 4,757,563 4,272,339
Total Liabilities 4,757,563 4,272,339
Stockholders' Deficit    
Preferred stock, $0.0001 par value, 25,000,000 shares authorized, and 0 shares issued and outstanding as of June 30, 2019 and December 31, 2018.
Common stock, $0.0001 par value; 500,000,000 shares authorized, 149,211,940 and 88,839,218 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively. 14,921 8,884
Additional paid-in-capital 16,063,879 14,857,769
Accumulated deficit (20,201,209) (18,455,925)
Accumulated other comprehensive income 398,631 380,907
Total Stockholders' Deficit (3,723,778) (3,208,365)
Total Liabilities and Stockholders' Deficit $ 1,033,785 $ 1,063,974