Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

v2.4.0.8
Balance Sheets (USD $)
Jun. 30, 2014
Dec. 31, 2013
CURRENT ASSETS:    
Cash $ 1,728,110 $ 109,826
Accounts receivable - trade 233,810 8,085
Inventory 52,759 75,311
Prepaid expenses 60,603 1,186
Total current assets 2,075,282 194,408
PROPERTY AND EQUIPMENT, at cost: 6,561 6,561
Less - accumulated depreciation and amortization (5,104) (4,563)
Net property and equipment 1,457 1,998
OTHER ASSETS:    
Goodwill 136,406 807,824
Intangible assets 135,550   
Total other assets 271,956 807,824
TOTAL ASSETS 2,348,695 1,004,230
CURRENT LIABILITIES:    
Note Payable - Oklahoma Technology Commercialization Center- Current 110,000   
Due to parent    206,874
Accounts payable - trade and accrued liabilities 83,409 90,911
Accounts payable due to related party 2,370 50,691
Unearned revenue 258,968 1,650
Derivative liability 2,429,805   
Total current liabilities 2,884,552 350,126
TOTAL LIABILITIES 2,884,552 350,126
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS' EQUITY (DEFICIT):    
Common stock, $.0001 par value; authorized 300,000,000 shares;15,780,700 and 0 shares issued and outstanding, at June 30, 2014 and December 31, 2013, respectively 1,578   
Additional paid-in capital (110,215) 921,500
Retained Earnings (Deficit) (431,226) (268,396)
Total stockholders' equity (deficit) (535,857) 654,104
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 2,348,695 1,004,230
Series A Preferred Stock [Member]
   
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock value 56   
Series B Preferred Stock [Member]
   
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock value 32   
Series B-1 Preferred Stock [Member]
   
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock value 7   
Series C Preferred Stock [Member]
   
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock value 36   
Series D Preferred Stock [Member]
   
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock value 3,605 1,000
Series E Preferred Stock [Member]
   
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock value $ 270