7Baggers
Quarterly
Annual
    Unit: USD2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2009-09-30 2009-06-30 2009-03-31 2008-12-31 2008-06-30 2007-03-31 2002-01-01 
      
    		                                    
      assets
    		                                    
      assets:
    		                                    
      cash
    		955,000 1,574,000 1,947,000 1,248,000 703,012 1,614,495 4,923,796 1,564,859 1,315,059 1,824,633 2,375,352 829,933 1,454,545 198,133 32,553 55,901 149,521 16,417 7,479 6,861 44,627 114,323               
      accounts receivable
    		117,000 319,000 130,000 282,000 356,347 287,350 195,242 68,259 27,526 21,148 15,075 33,575 30,875 22,147 45,181 83,097 68,229 37,885 191,601 428,320 153,134 210,869               
      prepaid expense and other current assets
    		1,539,000 1,711,000 1,574,000 1,116,000 1,265,474 693,930 333,136 363,080 265,217 394,273 592,644 863,664                         
      inventories
    		1,742,000 1,853,000 2,130,000 2,370,000 2,198,045 2,229,183 1,648,730 1,725,698 640,055 586,455 536,640 599,856 396,772 222,437 272,430 254,443                     
      total current assets
    		4,353,000 5,457,000 5,781,000 5,016,000 4,522,878 4,824,958 7,100,904 3,721,896 2,247,857 2,826,509 3,519,711 2,327,028 3,061,404 1,785,531 378,334 544,296 701,391 426,002 520,063 728,178 435,670 566,675               
      property and equipment
    		216,000 227,000 229,000 247,000 206,425 178,669 203,385 62,454 31,442 32,197 29,003 29,569 32,235 34,296 37,980 35,101 52,608 59,733                   
      deposits
    		21,000 21,000 21,000 21,000 20,881 20,881 20,881 20,881 14,958 14,958 14,958 14,958 14,958     17,391 21,919 21,919 21,919 21,919               
      operating lease right-of-use asset
    		593,000 622,000 649,000                                  
      goodwill
    		953,000 953,000 953,000 953,000 952,576 952,576 952,576 952,576 952,576 952,576 952,576 952,576 549,368 549,368 549,368 549,368 549,368 549,368 429,225 421,372 421,372 421,372               
      intangible assets
    		3,378,000 3,557,000 3,736,000 3,890,000 3,800,674 3,958,151 4,115,624 4,273,099 4,430,572 4,588,049 4,745,522 4,903,247 5,401,571 5,579,653 5,757,736 5,300,859 5,464,637 5,612,067 1,055,372 1,035,523 1,062,788 1,097,494               
      total assets
    		9,514,000 10,837,000 11,369,000 10,127,000 9,503,434 9,935,235 12,393,370 9,030,906 7,677,405 8,414,289 9,261,770 8,227,378 9,059,536 8,001,266 6,738,376 6,444,582 6,782,962 6,647,170 2,081,090 2,270,357 1,991,364 2,165,230               
      liabilities and stockholders' equity
    		                                    
      liabilities:
    		                                    
      accounts payable and accrued expenses
    		3,691,000            1,623,547 1,084,928 861,772 691,365 595,720 507,464 362,160 258,712 248,427 245,653               
      operating lease liability
    		162,000 155,000                                   
      accrued compensation
    		1,341,000 1,648,000 1,480,000  1,027,068 745,895 1,288,209 1,118,293 1,201,187 1,540,224 1,450,196 767,689 517,846     1,276,077 906,928 791,141 665,333 554,614               
      deferred revenue and customer deposits
    		170,000 83,000 282,000 108,000 95,372 97,950 142,769 24,690  46,769 11,000 11,000 11,000 7,754 7,754 24,079                     
      accrued interest payable
    		57,000 38,000 35,000 32,000 24,232 22,168 11,671 3,648 21,353 20,587 12,289 47,782 30,656 77,125 109,790 79,113 60,622 105,809 52,568 34,898 32,724 14,986               
      short-term loan payable
    		553,000 681,000 422,000  138,048 132,197 32,775  57,590                            
      notes payable, net of debt discount of 424 and 1,008, respectively
    		2,762,000                                    
      total current liabilities
    		8,736,000 7,875,000 7,248,000 7,353,000 6,156,256 6,096,116 6,707,465 5,145,629 3,487,763 3,849,288 3,657,353 4,031,082 4,220,862 3,812,035 3,559,444 2,729,188 1,917,572 1,325,743 753,970 1,930,857 1,819,784 1,400,735  52,836 48,066 45,916 43,391 31,621 30,641 30,516 29,141 27,376 22,793 17,969 13,594  
      deferred rent
    		   181,000                                 
      operating lease liability, net of current portion
    		591,000 634,000 676,000                                  
      accrued compensation, net of current portion
    		935,000 1,032,000                                   
      contingent consideration
    		1,248,000 1,250,000    19,297 32,883 28,573 54,959 75,699 138,399 170,015 22,104 336,813 320,063 3,229,804 3,229,804 3,229,804 324,379 308,273 308,273 308,273               
      total non-current liabilities
    		2,774,000 2,916,000 3,060,000 2,665,000 2,489,009 2,668,460 2,980,869 2,982,334 2,967,403 2,520,379 2,556,658 3,102,323 4,846,303 4,367,429 4,438,760 4,161,732 4,555,700 4,886,655 1,753,167 320,873 308,273 320,407               
      total liabilities
    		11,510,000 10,791,000 10,308,000 10,018,000 8,645,265 8,764,576 9,688,334 8,127,963 6,455,166 6,369,667 6,214,011 7,133,405 9,067,165 8,179,464 7,998,204 6,890,920 6,473,272 6,212,398 2,507,137 2,251,730 2,128,057 1,721,142               
      commitments and contingencies
    		                                    
      stockholders’ equity:
    		                                    
      preferred stock: 7,500,000 shares authorized, at 0.001 par value, no shares issued and outstanding at september 30, 2019 and december 31, 2018, respectively
    		                                    
      common stock: 292,500,000 shares authorized, at 0.001 par value, 2,612,379 and 2,103,071 shares issued and outstanding at september 30, 2019 and december 31, 2018, respectively
    		3,000                                    
      additional paid-in capital
    		47,845,000 47,652,000 46,908,000 43,967,000 42,350,286 40,226,248 39,922,601 36,375,359 35,211,043 34,709,180 34,578,778 30,108,028 25,663,922 20,611,715 15,662,183 14,941,116 14,720,194 13,991,924 10,778,807 10,049,100 8,769,420 8,264,806 3,215,154 3,214,327 3,213,664 3,213,514 3,213,114 3,212,814 3,212,414 3,211,114 3,211,114   3,211,114 3,211,114  
      accumulated deficit
    		-49,844,000 -47,608,000 -45,849,000 -43,860,000 -41,700,286 -39,250,348 -37,410,120 -35,639,837 -34,144,243 -32,815,586 -31,681,536 -29,135,749 -25,775,716 -21,349,904 -16,989,564 -15,434,595 -14,456,745 -13,597,998 -11,231,967 -10,056,676 -8,930,029 -7,844,414      -3,257,686 -3,256,306 -3,254,881       
      total stockholders' equity
    		-1,996,000 46,000 1,061,000 109,000 858,169 1,170,659 2,705,036 902,943 1,222,239 2,044,622 3,047,759 1,093,973     309,690 434,772 -426,047 18,627  444,088  -52,836 -48,066 -45,916 -43,391 -31,621 -30,641 -30,516  -27,376 -22,793 -17,969 -13,594  
      total liabilities and stockholders’ equity
    		9,514,000 10,837,000 11,369,000 10,127,000 9,503,434 9,935,235 12,393,370 9,030,906 7,677,405 8,414,289 9,261,770                          
      accounts payable and accrued expense
    		 2,949,000 2,799,000 2,622,000 2,530,687 3,262,213 2,910,282 2,607,121 1,356,057 1,256,551 1,149,752 1,210,050                         
      notes payable, net of debt discount of 813 and 1,008, respectively
    		 2,321,000                                   
      preferred stock: 7,500,000 shares authorized, at 0.001 par value, no shares issued and outstanding at june 30, 2019 and december 31, 2018, respectively
    		                                    
      common stock: 292,500,000 shares authorized, at 0.001 par value, 2,578,476 and 2,103,071 shares issued and outstanding at june 30, 2019 and december 31, 2018, respectively
    		 2,000                                   
      notes payable, net of debt discount of 736 and 1,008, respectively
    		  2,230,000                                  
      accrued compensation – less current portion
    		  1,130,000 1,228,000 1,227,554 1,227,554 1,531,904 1,531,904 1,531,904 1,036,315 1,036,315 1,531,904 1,506,010 906,928 906,928 906,928                     
      contingent consideration – less current portion
    		  1,254,000 1,256,000 1,261,455 1,440,906 1,448,965 1,450,430 1,435,499 1,484,064 1,520,343 1,515,902 3,207,700 3,229,804 3,229,804                      
      preferred stock: 7,500,000 shares authorized, at 0.001 par value, no shares issued and outstanding at march 31, 2019 and december 31, 2018, respectively
    		                                    
      common stock: 292,500,000 shares authorized, at 0.001 par value, 2,357,524 and 2,103,071 shares issued and outstanding at march 31, 2019 and december 31, 2018, respectively
    		  2,000                                  
      accrued compensation - current portion
    		   1,252,000                                 
      derivative liabilities – warrants
    		       58,609 74,151 90,206 93,669 164,070 239,049 181,098 296,593 432,793                     
      short-term loans payable
    		   266,000    65,399      71,156 137,731 230,351                     
      current portion of notes payable, net of debt discount of 1,008 and 437, respectively
    		   3,073,000                                 
      preferred stock: 7,500,000 shares authorized, at 0.001 par value, no shares issued and outstanding at december 31, 2018 and 2017, respectively
    		                                    
      common stock: 292,500,000 shares authorized, at 0.001 par value, 2,101,284 and 1,594,787 shares issued and outstanding at december 31, 2018 and 2017, respectively
    		   2,000                                 
      notes payable, net of debt discount of 830,610 and 437,355, respectively
    		    2,340,849                                
      preferred stock: 7,500,000 shares authorized, at 0.001 par value, no shares issued and outstanding at september 30, 2018 and december 31, 2017, respectively
    		                                    
      common stock: 292,500,000 shares authorized, at 0.001 par value, 208,169,412 and 167,420,605 shares issued and outstanding at september 30, 2018 and december 31, 2017, respectively
    		    208,169                                
      notes payable, net of debt discount of 612,615 and 437,355, respectively
    		     1,816,396                               
      preferred stock: 7,500,000 shares authorized, at 0.001 par value, no shares issued and outstanding at june 30, 2018 and december 31, 2017, respectively
    		                                    
      common stock: 292,500,000 shares authorized, at 0.001 par value, 194,759,641 and 167,420,605 shares issued and outstanding at june 30, 2018 and december 31, 2017, respectively
    		     194,759                               
      notes payable, net of debt discount of 929,353 and 437,355, respectively
    		      2,288,876                              
      preferred stock: 7,500,000 shares authorized, at 0.001 par value, no shares issued and outstanding at march 31, 2018 and december 31, 2017, respectively
    		                                    
      common stock: 292,500,000 shares authorized, at 0.001 par value, 192,555,147 and 167,420,605 shares issued and outstanding at march 31, 2018 and december 31, 2017, respectively
    		      192,555                              
      derivative liabilities – embedded conversion features
    		           319,674 1,091,544 1,409,664                       
      current portion of notes payable, net of debt discount of 437,355 and 216,403, respectively
    		       1,239,296                             
      convertible debentures, net of debt discount of 0 and 845,730, respectively
    		                                    
      notes payable, net of current portion and debt discount of 0 and 468, respectively
    		                                    
      preferred stock: 7,500,000 shares authorized, at 0.001 par value, no shares issued and outstanding at december 31, 2017 and 2016, respectively
    		                                    
      common stock: 292,500,000 shares authorized, at 0.001 par value, 167,420,605 and 121,694,293 shares issued and outstanding at december 31, 2017 and 2016, respectively
    		       167,421                             
      current portion of notes payable, net of debt discount of 71,531 and 216,403, respectively
    		        722,466                            
      preferred stock: 7,500,000 shares authorized, at 0.001 par value, no shares issued and outstanding at september 30, 2017 and december 31, 2016, respectively
    		                                    
      common stock: 292,500,000 shares authorized, at 0.001 par value, 155,438,995 and 121,694,293 shares issued and outstanding at september 30, 2017 and december 31, 2016, respectively
    		        155,439                            
      current portion of notes payable, net of debt discount of 104,788 and 216,403, respectively
    		         819,252                           
      preferred stock: 7,500,000 shares authorized, at 0.001 par value, no shares issued and outstanding at june 30, 2017 and december 31, 2016, respectively
    		                                    
      common stock: 292,500,000 shares authorized, at 0.001 par value, 151,027,774 and 121,694,293 shares issued and outstanding at june 30, 2017 and december 31, 2016, respectively
    		         151,028                           
      current portion of notes payable, net of debt discount of 193,262 and 216,403, respectively
    		          802,048                          
      preferred stock: 7,500,000 shares authorized, at 0.001 par value, no shares issued and outstanding at march 31, 2017 and december 31, 2016, respectively
    		                                    
      common stock: 292,500,000 shares authorized, at 0.001 par value, 150,517,425 and 121,694,293 shares issued and outstanding at march 31, 2017 and december 31, 2016, respectively
    		          150,517                          
      current assets
    		                                    
      other assets
    		                                    
      current liabilities
    		                                    
      current portion of notes payable and non-convertible debenture, net of debt discount of 216,403 and 0, respectively
    		           626,610                         
      line of credit convertible debenture and non-convertible debenture – related parties, net of debt discount of 0 and 17,720, respectively
    		                                    
      convertible debentures, net of debt discount of 845,730 and 1,050,041, respectively
    		           714,192                         
      non-current liabilities
    		                                    
      notes payable and non-convertible debenture, net of current portion and debt discount of 468 and 0, respectively
    		           54,517                         
      line of credit convertible debenture and non-convertible debenture – related parties, net of current portion
    		                                    
      stockholders' equity
    		                                    
      preferred stock: 7,500,000 shares authorized, at 0.001 par value, no shares issued and outstanding at december 31, 2016 and 2015, respectively
    		                                    
      common stock: 292,500,000 shares authorized, at 0.001 par value, 121,694,293 and 47,141,230 shares issued and outstanding at december 31, 2016 and 2015, respectively
    		           121,694                         
      total liabilities and stockholders' equity
    		           8,227,378     6,782,962 6,647,170 2,081,090 2,270,357  2,165,230               
      prepaid expenses and other current assets
    		            1,179,212                        
      liabilities and stockholders' deficit
    		                                    
      current portion of note payable and non-convertible debenture, net of debt discount of 3,750 and 0, respectively
    		            274,536  320,467                      
      line of credit convertible debenture and non-convertible debenture –  related parties, net of debt discount of 0 and 17,720, respectively
    		                                    
      convertible debentures, net of debt discount of 1,474,342 and 1,050,041, respectively
    		            410,580                        
      note payable and non-convertible debenture, net of current portion and debt discount of 1,405 and 0, respectively
    		            132,593                        
      stockholders' deficit
    		                                    
      common stock: 150,000,000 shares authorized, at 0.001 par value, 104,164,880 and 47,141,230 shares issued and outstanding at september 30, 2016 and december 31, 2015, respectively
    		            104,165                        
      total stockholders' deficit
    		            -7,629 -178,198 -1,259,828 -446,338                     
      total liabilities and stockholders' deficit
    		            9,059,536 8,001,266 6,738,376 6,444,582                     
      net revenues:
    		                                    
      product sales
    		            1,882,129 1,019,520                       
      license revenues
    		                                    
      net revenues
    		            1,882,129 1,019,520                       
      operating expenses:
    		                                    
      cost of product sales
    		            331,227 262,934                       
      research and development
    		            43,775 3,892                       
      sales and marketing
    		            1,972,155                        
      general and administrative
    		            1,779,048 1,195,087                       
      total operating expenses
    		            4,126,205 1,461,913                       
      income from operations
    		            -2,244,076 -442,393                       
      other income and
    		                                    
      interest expense
    		            -3,727,168 -1,877,149                       
      loss on extinguishment of debt
    		                                    
      other income
    		            194,744 111                       
      change in fair value of derivative liabilities
    		            1,350,688 -2,040,909                       
      total other income
    		            -2,181,736 -3,917,947                       
      net income
    		            -4,425,812 -4,360,340                      -3,245,558 
      net income per share
    		            -0.04 -0.05                       
      weighted-average number of shares of common stock outstanding –   basic and diluted
    		            104,972,645                        
      restricted cash
    		             1,305,000                       
      prepaid expenses
    		             37,814 28,170 53,278 37,674 63,220 55,024 62,994 37,105 33,317               
      security deposits
    		             52,418 14,958 14,958 14,958                    
      current portion of note payable and non-convertible debentures, net of debt discount of 3,750 and 0, respectively
    		             333,750                       
      line of credit convertible debenture and non-convertible debenture – related parties, net of debt discount of 5,445 and 17,720, respectively
    		             309,747                       
      current portion of convertible debentures, net of debt discount of 0 and 1,050,041, respectively
    		                                    
      note payable and non-convertible debentures, net of current portion and debt discount of 2,343 and 0, respectively
    		             230,697                       
      line of credit convertible debenture and non-convertible debentures – related parties, net of current portion
    		              25,000                      
      convertible debentures, net of debt discount of 1,650,000 and 0, respectively
    		                                    
      common stock: 150,000,000 shares authorized, at 0.001 par value, 87,176,763 and 47,141,230 shares issued and outstanding at june 30, 2016 and december 31, 2015, respectively
    		             87,177                       
      common stock subscribed but unissued
    		             472,814                       
      weighted-average number of shares of common stock outstanding – basic and diluted
    		             85,395,846                       
      derivative liabilities – embedded conversion feature
    		              380,385 301,779                     
      line of credit convertible debenture and non-convertible debenture – related parties, net of debt discount of 9,282 and 17,720, respectively
    		              357,410                      
      convertible debentures, net of debt discount of 690,021 and 1,050,041, respectively
    		              767,479                      
      note payable and non-convertible debenture, net of current portion and debt discount of 3,281 and 0, respectively
    		              277,028                      
      common stock: 150,000,000 shares authorized, at 0.001 par value, 67,553,291 and 47,141,230 shares issued and outstanding at march 31, 2016 and december 31, 2015, respectively
    		              67,553                      
      see accompanying notes to these condensed consolidated financial statements.
    		                                    
      deferred financing costs
    		               97,577 134,763                    
      current portion of notes payable and convertible debentures, net of debt discount of 55,982 in 2014
    		               73,200                     
      line of credit convertible debenture and non-convertible debenture – related parties, net of debt discount of 17,720 in 2015
    		               391,472                     
      convertible debentures, net of debt discount of 952,464 in 2015
    		               505,036                     
      notes payable and convertible debentures, net of current portion and debt discount of 67,726 in 2014
    		                                    
      line of credit convertible debenture and non-convertible debentures – related parties, net of current portion and debt discount of 0 in 2015 and 76,492 in 2014
    		               25,000                     
      common stock: 150,000,000 shares authorized, at 0.001 par value, 47,141,230 and 27,112,263 shares issued and outstanding, respectively
    		               47,141                     
      inventory
    		                311,204 291,089 265,959 230,003 200,804 208,166               
      deferred revenue
    		                7,754 7,754 25,224 125,220 150,220 150,281               
      derivative liabilities
    		                556,542                    
      short-term loans, credit cards payable and other
    		                146,697                    
      warrant liability
    		                255,161 178,368                   
      notes payable, net of debt discount of 0 in 2015 and 55,982 in 2014
    		                119,066                    
      note payable, related party
    		                25,000                    
      debentures - current portion
    		                151,010                    
      accrued compensation – less short-term portion
    		                906,928                    
      notes payable, net of debt discount of 67,726 in 2014
    		                                    
      debentures, net of debt discount of 1,277,700 in 2015 - less current portion
    		                28,790                    
      debentures - related parties, net of debt discount of 34,014 and 76,492 in 2015 and 2014
    		                390,178                    
      common stock: 150,000,000 shares authorized, at 0.001 par value, 46,241,230 and 27,112,263 shares issued and outstanding, respectively
    		                46,241                    
      notes payable, net of debt discount of 120,085 in 2015 and 55,982 in 2014.
    		                 359,915                   
      debentures - related parties (current portion), net of debt discount of 68,926 in 2015
    		                 150,108                   
      customer deposits
    		                 16,325                   
      debentures - related parties, net of debt discount of 29,384 and 76,492 in 2015 and 2014
    		                 380,774                   
      common stock: 150,000,000 shares authorized,
    		                                    
      at 0.001 par value, 40,845,545 and 27,112,263
    		                                    
      shares issued and outstanding, respectively
    		                 40,846    23,696               
      property & equipment
    		                  54,511 63,365 49,615 57,770               
      notes payable, net of debt discount of 55,982 in 2014 and 0 in 2013
    		                  314,018                  
      notes payable, net of debt discount of 67,726 in 2014 and 0 in 2013
    		                  24,274                  
      debentures - related parties (non-current portion), net of debt discount of 76,492
    		                  497,586                  
      common stock: 150,000,000 shares authorized, at 0.001 par value, 27,112,263 and 21,548,456 shares issued and outstanding, respectively
    		                  27,113                  
      debentures- related parties
    		                   478,399 242,125                
      notes payable, net of debt discount of 127,513 in 2014 and 0 in 2013
    		                   242,487                 
      notes payable, net of debt discount of 79,400 in 2014 and 0 in 2013
    		                   12,600                 
      convertible debentures - related parties, net of debt discount of 149,678
    		                                    
      common stock: 150,000,000 shares authorized, at 0.001 par value, 26,202,736 and 21,548,456 shares issued and outstanding, respectively
    		                   26,203                 
      notes payable, net of debt discount of 199,045 in 2014 and 0 in 2013
    		                    480,955                
      convertible debentures - related parties (non-current portion), net of debt discount of 149,678
    		                                    
      stockholders' (deficit) equity
    		                                    
      common stock: 150,000,000 shares authorized, at 0.001 par value, 23,915,499 and 21,548,456 shares issued and outstanding, respectively
    		                    23,916                
      total stockholders' (deficit) equity
    		                    -136,693                
      total liabilities and stockholders' (deficit) equity
    		                    1,991,364                
      notes payable, net of debt discount of 269,799 in 2014 and 0 in 2013
    		                     435,201               
      convertible debentures - related parties (non-current portion),
    		                                    
      net of debt discount of 149,678
    		                                    
      at 0.001 par value, 23,695,499 and 21,548,456
    		                                    
      accounts payable
    		                      1,800 3,975    275 210        
      related-party payable
    		                      54,441 48,861 48,066 45,916 43,391 31,346  30,516       
      common stock; 80,000,000 shares authorized,
    		                                    
      at 0.001 par value, 13,251,250
    		                                    
      shares issued and outstanding
    		                      13,251    13,251   13,251    13,251 13,251  
      deficit accumulated during the development stage
    		                      -3,284,646 -3,280,414 -3,274,981 -3,272,681 -3,269,756    -3,253,506 -3,251,741 -3,247,158 -3,242,334 -3,237,959  
      the accompanying notes are an integral part of these consolidated financial statements.
    		                                    
      common stock; 80,000,000 shares authorized, at 0.001 par value, 13,251,250 shares issued and outstanding
    		                       13,251 13,251   13,251 13,251  13,251      
      common stock; 80,000,000 shares authorized,at 0.001 par value, 13,251,250 shares issued and outstanding
    		                         13,251           
      total liabilities and stockholders'
    		                                    
      equity
    		                                    
      related party payable
    		                            30,431  29,141 27,376 22,793 17,969 13,594  
      liabilities and stockholders’ equity
    		                                    
      stockholders’ equity
    		                                    
      total stockholders’ equity
    		                              -29,141      
      at 0.001 par value, 13,251,250 shares
    		                                    
      issued and outstanding
    		                               13,251 13,251    
      additional paid in capital
    		                               3,211,114     
      at 0.001 par value, 13,251,250 and 10,001,250
    		                                    
      cash flows from operating activities
    		                                    
      adjustments to reconcile net income to net cash
    		                                    
      used by operating activities:
    		                                    
      common stock issued for services
    		                                   976 
      changes in operating assets and liabilities:
    		                                    
      increase in accounts payable
    		                                    
      increase in related party payables
    		                                   24,582 
      net cash used by
    		                                    
      operating activities
    		                                   -3,220,000 
      cash flows from investing activities
    		                                    
      cash flows from financing activities
    		                                    
      sale of common stock
    		                                   3,220,000 
      net cash provided by
    		                                    
      financing activities
    		                                   3,220,000 
      net decrease in cash
    		                                    
      cash at beginning of period
    		                                    
      cash at end of period
    		                                    
      supplimental disclosures of cash flow information
    		                                    
      cash paid for:
    		                                    
      interest
    		                                    
      income taxes
    		                                    
      non cash financing activities:
    		                                    
      common stock issued for debt
    		                                   3,389 
      exhibits
    		                                    
      no.
    		                                    
      3
    		                                    
      31.1
    		                                    
      31.2
    		                                    
      32.1
    		                                    
      32.2
    		                                    
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