Balance Sheet

v3.7.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current Assets    
Cash and cash equivalents $ 14,466
Accounts receivable 81,146 95,563
Inventory (note 4) 78,975 129,006
Related party receivable 7,770 8,950
Prepaid expenses and deposits 116,267 4,606
Total Current Assets 284,158 252,591
Property and Equipment (note 5) 39,263 39,401
Intangible Assets, Net (note 6) 13,328 10,780
Total Assets 336,749 302,772
Current Liabilities    
Bank indebtedness 2,635
Accounts payable and accrued liabilities 340,270 248,300
Income taxes payable (note 12) 4,796 4,653
Current portion of notes payable (note 7) 105,985 41,456
Convertible promissory note payable, net of discount (note 8) 78,978
Derivative liability (note 9) 704,868
Total Current Liabilities 1,237,532 294,409
Notes Payable, Net of Current Portion (note 7) 104,084 4,644
Total Liabilities 1,341,616 299,053
Comittments and Contingencies
Shareholders' Equity (Deficit)    
Series A Preferred Stock, $0.0001 par value, 1,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2016 and 2015 (note 10)
Common stock, $0.0001 par value, 299,000,000 shares authorized, 68,088,142 and 66,885,082 shares issued and outstanding as of December 31, 2016 and December 31, 2015 respectively (note 10) 6,809 6,689
Additional paid-in capital 4,189,607 3,984,662
Cumulative translation adjustment (3,778) (6,212)
Share subscriptions receivable (9,350) (17,500)
Share subscriptions payable 88,015
Accumulated deficit (5,188,155) (4,051,935)
Total Shareholders' Equity (Deficit) (1,004,867) 3,719
Total Liabilities and Shareholders' Equity (Deficit) $ 336,749 $ 302,772

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