Financials

v3.5.0.2
Consolidated Balance Sheets - USD ($)
Sep. 30, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash $ 165,855 $ 294,561
Inventories 193,829 167,059
Prepaid expenses and deposits 211,178 119,061
Other receivables 266,992 1,326
TOTAL CURRENT ASSETS 837,854 582,007
FIXED ASSETS:    
Furniture and equipment, net 191,617 143,967
OTHER ASSETS:    
Intangible assets, net 2,390,170 2,753,585
Goodwill 1,140,246 1,140,246
TOTAL OTHER ASSETS 3,530,416 3,893,831
TOTAL ASSETS 4,559,887 4,619,805
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 5,706,957 4,997,218
Derivative liabilities 3,154,068 1,868,439
Notes payable, net of debt discount 1,580,281 2,883,264
TOTAL CURRENT LIABILITIES 10,441,306 9,748,921
COMMITMENTS AND CONTINGENCIES  
STOCKHOLDERS' DEFICIT    
Common stock, $.001 par value, 600,000,000 shares authorized; 408,412,567 and 298,097,334 shares issued and outstanding as of September 30, 2016 and December 31, 2015, respectively 408,413 298,096
Capital in excess of par value 23,305,884 19,265,220
Accumulated deficit (30,158,656) (25,260,274)
Accumulated other comprehensive income 35,225 30,275
Non-controlling interest 527,715 537,567
TOTAL STOCKHOLDERS' DEFICIT (5,881,419) (5,129,116)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 4,559,887 $ 4,619,805

Source

v3.5.0.2
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Sales $ 19,543 $ 56,071
Cost of Sales (64,881) (284,073)
Gross Loss (45,338) (228,002)
Operating expenses:        
Amortization and depreciation 138,966 135,747 413,602 429,743
Sales and marketing expenses 224,948 213,308 875,737 897,722
Research & development 564,043 970,424 2,096,025 2,418,319
General and administrative expenses 918,748 922,611 2,895,185 2,277,400
Total operating expenses 1,846,705 2,242,090 6,280,549 6,023,184
Loss from operations (1,892,043) (2,242,090) (6,508,551) (6,023,184)
Other income (expense):        
Change in fair value of derivative liability 637,978 424,091 1,310,777 (213,357)
Interest expense-notes payable (34,783) (580,494) (99,397) (832,739)
Interest expense (4,877) (3,936) (13,789) (11,089)
Interest expense- amortization debt discount (27,922) (419,343) (83,767) (905,811)
Gain (loss) on settlement of debt (48,133) 486,490
Liquidation expense- 5BARz AG (155,251)
Total other income (expense) 522,263 (579,682) 1,600,314 (2,118,247)
Net loss before non-controlling interest (1,369,780) (2,821,772) (4,908,237) (8,141,431)
Non-controlling interest share of net loss 3,262 8,546 9,853 26,384
Net loss after non-controlling interest $ (1,366,518) $ (2,813,226) $ (4,898,384) $ (8,115,047)
Basic (loss) per common share $ (0.00) $ (0.01) $ (0.01) $ (.04)
Weighted average number of shares outstanding 378,548,235 240,991,021 340,714,369 222,989,514
Other comprehensive income        
Foreign currency translation gain $ 1,735 $ (11,212) $ 4,950 $ (11,775)
Other comprehensive income 1,735 (11,212) 4,950 (11,775)
Comprehensive loss $ (1,364,783) $ (2,824,438) $ (4,893,434) $ (8,126,822)

Source

v3.5.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (4,908,237) $ (8,141,431)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 413,602 429,743
Stock based compensation 1,016,033 323,508
Change in fair value of derivative liability (1,310,777) 213,357
Common shares issued for services 331,118 612,322
Interest expense- debt discount 83,767 905,811
Inventory reserve expense 54,923
Liquidation of 5BARz AG 155,251
Gain on settlement of debt (486,490)
Changes in operating assets and liabilities:    
Change in inventories (28,153) (3,740)
Change in other receivable (265,666) (292)
Change in accounts payable and accrued expenses 1,312,307 1,707,717
Change in prepaid expenses and deposits (92,117) (49,970)
Change in unpaid interest and penalties on notes payable 82,146 820,226
Net cash used in operating activities (3,797,544) (3,027,498)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of intangible assets (6,390) (4,908)
Purchase of furniture and equipment assets (81,093) (18,946)
Net cash used in investing activities (87,483) (23,854)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of convertible notes 2,169,750
Repayment used to settle notes payable (94,812) (454,968)
Proceeds from exercise of warrants 622,083
Proceeds from issuance of common stock 3,234,000 1,464,469
Principal payments of capital leases (18,804)
Net cash provided by financing activities 3,761,271 3,160,447
Effect of foreign currency exchange (4,950) (11,775)
NET INCREASE (DECREASE) IN CASH (128,706) 97,320
CASH, BEGINNING OF PERIOD 294,561 25,103
CASH, END OF PERIOD 165,855 122,423
Supplementary disclosure of Cash Flow Information    
Cash paid for interest 31,041 8,704
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Issuance of shares in settlement of notes payable 1,293,003 290,205
Settlement of accounts payable with common stock $ 251,148 $ 119,000
Issuance of shares for services 331,118 612,322
Issuance of warrants in connection with debt $ 600,000
Reclassification of derivative liability from equity 2,596,406 714,782
Reclassification of debt discount for repayment of note 173,397
Cancellation of capital lease $ 83,940

Source