Financials

v3.10.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS:            
Cash $ 167,054 $ 7,021 $ 1,850 $ 5,558 $ 57,830 $ 101,561
Cash held in trust 376 2,733 76,246 34,480 170,221 193,000
Inventories 89,892 176,672 177,733 178,683 195,523 167,059
Prepaid expenses and deposits 268,617 287,539 277,860 299,422 175,962 119,061
Other receivables 19,358 1,326
TOTAL CURRENT ASSETS 525,939 473,965 533,689 518,143 618,894 582,007
FIXED ASSETS:            
Furniture and equipment, net 67,823 76,193 125,776 142,023 174,862 143,967
OTHER ASSETS:            
Intangible assets, net 1,786,211 1,903,425 2,026,405 2,148,955 2,270,477 2,753,585
Goodwill 1,140,246 1,140,246 1,140,246 1,140,246 1,140,246 1,140,246
TOTAL OTHER ASSETS 2,926,457 3,043,671 3,166,651 3,289,201 3,410,723 3,893,831
TOTAL ASSETS 3,520,219 3,593,829 3,826,116 3,949,367 4,204,479 4,619,805
CURRENT LIABILITIES:            
Accounts payable and accrued expenses 4,188,326 4,173,170 4,100,797 3,558,986 3,120,964 3,941,378
Due to related parties 3,196,983 2,976,724 2,938,819 2,773,356 2,261,133 1,055,840
Taxes, interest and penalties 478,284 378,284   378,284 378,284  
Derivative liabilities 826,782 108,742 381,396 577,241 1,302,543 1,868,439
Notes payable 2,230,786 1,503,006 1,150,979 1,121,302 1,270,764 2,883,264
TOTAL CURRENT LIABILITIES 10,921,161 9,139,926 8,571,991 8,409,169 8,333,688 9,748,921
TOTAL LIABILITIES 10,921,161 9,139,926 8,571,991 8,409,169 8,333,688 9,748,921
STOCKHOLDERS' DEFICIT            
Common stock, $.001 par value, 600,000,000 shares authorized; 465,886,577, 434,427,531 and 298,097,334 shares issued and outstanding as of December 31, 2017, December 31, 2016 and December 31, 2015, respectively 465,887 458,150 449,992 443,127 434,428 298,096
Capital in excess of par value 25,299,959 25,592,465 25,196,355 24,802,397 24,395,983 19,265,220
Accumulated deficit (33,876,475) (32,388,036) (31,334,231) (30,495,138) (29,810,180) (25,260,274)
Accumulated other comprehensive income (loss) (31,738) 45,754 18,020 37,443 94,301 30,275
TOTAL 5BARz STOCKHOLDERS' DEFICIT (8,142,267) (6,291,667) (5,669,864) (5,212,171) (4,885,468) (5,666,683)
Non-controlling interest 741,425 745,570 748,989 752,370 756,259 537,567
TOTAL STOCKHOLDERS' (DEFICIT) EQUITY (7,400,942) (5,546,097) (4,920,875) (4,459,801) (4,129,209) (5,129,116)
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY $ 3,520,219 $ 3,593,829 $ 3,826,116 $ 3,949,367 $ 4,204,479 $ 4,619,805

Source

v3.10.0.1
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Jun. 30, 2017
Jun. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]                          
Sales $ 17 $ 2,308 $ 19,543 $ 16,969 $ 19,559 $ 2,308 $ 36,528 $ 2,325 $ 56,071 $ 2,329 $ 71,374 $ 2,350
Cost of Sales (387) (5,450) (64,881) (126,155) (93,037) (5,450) (219,192) (5,837) (284,073) (90,146) (280,536) (6,989)
Gross loss (370) (3,142) (45,338) (109,186) (73,478) (3,142) (182,664) (3,512) (228,002) (87,817) (209,162) (4,639)
Operating expenses:                          
Amortization and depreciation 133,997 140,205 141,028 138,966 139,326 135,310 281,232 274,636 415,230 413,602 549,374 555,396 566,929
Sales and marketing expenses 176,431 81,969 115,026 224,948 393,745 257,044 196,995 650,789 373,427 875,737 433,504 813,856 1,179,616
Research and development 382,007 187,195 634,829 564,043 597,196 934,786 822,025 1,531,982 1,204,029 2,096,025 1,323,422 2,980,248 3,148,561
General and administrative expenses 614,422 701,638 632,616 918,748 1,556,387 420,049 1,334,254 1,976,436 1,948,677 2,895,185 2,485,305 3,737,872 3,190,058
Total operating expenses 1,306,857 1,111,007 1,523,499 1,846,705 2,686,654 1,747,189 2,634,506 4,433,843 3,941,363 6,280,549 4,791,605 8,087,372 8,085,164
Loss from operations (1,307,227) (1,114,149) (1,523,499) (1,892,043) (2,795,840) (1,820,667) (2,637,648) (4,616,507) (3,944,875) (6,508,551) (4,879,422) (8,296,534) (8,089,803)
Other income (expense):                          
Change in fair value of derivative liability 283,299 212,885 763,885 637,978 (1,037,049) 1,709,848 976,770 672,799 1,260,069 1,310,777 1,144,834 3,485,801 45,356
Gain on settlement of debt 122,187   (48,133) 534,623   122,187 534,623 122,187 486,490 122,187 485,440
Extinguishment of debt-Cellynx Inc.                       579,395  
Loss on investment contract                     (246,813)
Interest expense (33,297) (63,396) (11,507) (4,877) (77,127) 3,601 (74,903) (73,526) (108,200) (13,789) (453,395) (200,577) (1,474,307)
Interest expense - debt discount (27,922) (27,923) (27,922) (55,845) (83,767) (111,630) (754,761)
Interest expense - notes payable       (34,783)         (99,397)      
Loss on disposition of assets                
Other income     82,274     82,274     84,667    
Other tax expense                 82,274 (100,000) (175,000)
Gain (loss) liquidation of 5Barz AG                     148,702 (155,251)
Total other income (expense) 250,002 271,676 834,652 522,263 (607,476) 1,685,527 1,106,328 1,078,051 1,356,330 1,600,314 798,293 3,965,318 (2,338,963)
Net loss before non-controlling interest (1,057,225) (842,473) (688,847) (1,369,780) (3,403,316) (135,140) (1,531,320) (3,538,456) (2,588,545) (4,908,237) (4,081,129) (4,331,216) (10,428,766)
Non-controlling interest share of net loss 3,419 3,381 3,889 3,262 (21,218) 27,809 7,270 6,591 10,689 9,853 14,834 (218,692) 30,722
Net loss after non-controlling interest $ (1,053,806) $ (839,092) $ (684,958) $ (1,366,518) $ (3,424,534) $ (107,331) $ (1,524,050) $ (3,531,865) $ (2,577,856) $ (4,898,384) $ (4,066,295) $ (4,549,908) $ (10,398,044)
Basic and diluted (loss) per common share $ (0.00) $ (0.00) $ (0.00) $ (0.00) $ (0.01) $ (0.00) $ (0.00) $ (0.01) $ (0.01) $ (0.01) $ (0.01) $ (0.01) $ (0.04)
Weighted average number of shares outstanding 444,897,712 437,120,678 429,747,053 378,548,235 342,972,127 300,206,988 433,535,727 321,589,557 437,364,674 340,714,369 441,108,924 357,980,010 232,848,166
Other comprehensive income                          
Foreign currency translation gain (loss) $ (27,733) $ 19,423 $ 56,858 $ 1,735 $ (6,133) $ 9,348 $ 76,281 $ 3,215 $ 48,547 $ 4,950 $ 126,039 $ (64,026) $ (1,358)
Other comprehensive income(loss) (27,733) 19,423 56,858 1,735 (6,133) 9,348 76,281 3,215 48,547 4,950 126,039 (64,026) (1,358)
Comprehensive loss $ (1,081,539) $ (819,669) $ (628,100) $ (1,364,783) $ (3,430,667) $ (97,983) $ (1,447,770) $ (3,528,650) $ (2,529,309) $ (4,893,434) $ (3,940,256) $ (4,613,934) $ (10,399,402)

Source

v3.10.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Jun. 30, 2017
Jun. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:                  
Net loss $ (688,847) $ (135,140) $ (1,531,320) $ (3,538,456) $ (2,588,545) $ (4,908,237) $ (4,081,129) $ (4,331,216) $ (10,428,766)
Adjustments to reconcile net loss to net cash used in operating activities:                  
Depreciation and amortization 141,028 135,310 281,232 274,636 415,230 413,602 549,374 555,396 566,929
Stock based compensation 15,886 55,362 29,778 218,326 41,629 1,016,033 122,432 297,117 375,697
Warrants issued for services     175,203 751,936 175,203   175,203 911,703  
Change in fair value of derivative liability (763,885) (1,709,848) (976,770) (672,799) (1,260,069) (1,310,777) (1,144,834) (3,485,801) (45,356)
Common shares issued for services 40,000 35,455 55,185 217,140 290,632 331,118 290,632 411,058 1,235,321
Interest expense-debt discount 27,922 55,845 83,767 111,630 754,761
Loss/Gain on 5BARz AG liquidation 17,133         (148,702) 155,251
Inventory reserve expense     34,266 54,923 82,600 84,400  
Gain on settlement of debt     (122,187) (534,623)     (122,187) (485,440)
Other income         (122,187) (486,490) (84,667)    
Deferred tax expense (82,274)   (82,274)   (82,274)    
Loss on disposition of assets 6,258 6,380 46,161 46,173    
Changes in operating assets and liabilities:                  
Change in inventories 16,840 12,293 17,790 32,769 18,851 (28,153) 42,863 (55,936) (1,968)
Change in other receivable 19,358 (23,708) 19,358 (28,257) 19,358 (265,666) 19,358 (18,032) (1,326)
Change in accounts payable and accrued expenses 976,529 240,926 1,612,982 725,505 2,002,364 1,312,307 2,083,357 1,153,965 1,949,706
Change in taxes, interest and penalties             100,000 378,284  
Change in prepaid expenses and deposits (123,460) (18,624) (101,898) (41,750) (111,577) (92,117) (92,655) (46,855) (45,350)
Change in unpaid interest and penalties on notes payable 2,735 (11,040) 49,843 49,673 71,967 82,146 429,525 168,740 1,442,960
Net cash used in operating activities (439,832) (1,373,959) (566,698) (2,455,791) (1,083,257) (3,797,544) (1,583,955) (4,499,689) (4,042,141)
CASH FLOWS FROM INVESTING ACTIVITIES:                  
Acquisition (disposition) of intangible assets (599) (3,915) (6,390) (10,611) (11,722) (9,418)
Purchase of furniture and equipment assets (2,198) (85,232) (81,093) (3,962) (92,396) (22,413)
Net cash (used in) investing activities (2,797) (89,147) (87,483) (14,573) (104,118) (31,831)
CASH FLOWS FROM FINANCING ACTIVITIES:                  
Proceeds from issuance of convertible notes 49,961 129,442 614,271 1,005,826 2,476,750
Repayment on notes payable (22,500) (94,812) (32,678) (94,812)      
Proceeds used to settle notes payable         (32,678) (94,812) (1,071,434)
Proceeds from exercise of warrants         622,083 622,085
Proceeds from issuance of common stock 145,000 1,391,000 211,020 2,437,000 234,820 3,234,000 438,720 3,946,000 2,960,168
Cancellation of capital leases             (18,804)
Net cash provided by financing activities 194,961 1,368,500 340,462 2,342,188 816,413 3,761,271 1,411,868 4,473,271 4,346,680
Effect of foreign currency exchange on cash 56,858 9,348 76,281 (3,215) 48,547 (4,950) 126,039 64,026 (3,250)
NET INCREASE IN CASH (188,013) 1,092 (149,955) (205,965) (218,297) (128,706) (60,621) (66,510) 269,458
CASH AND CASH HELD IN TRUST, BEGINNING OF YEAR 228,051 294,561 228,051 294,561 228,051 294,561 228,051 294,561 25,103
CASH AND CASH HELD IN TRUST,END OF PERIOD 5,558 295,653 1,850 88,596 7,021 165,855 167,430 228,051 294,561
Supplementary disclosure of Cash Flow Information                  
Cash paid for interest   14,741 77,648   31,041 3,466 11,723
NON-CASH INVESTING AND FINANCING ACTIVITIES                  
Issuance of shares in settlement of notes payable     1,018,981 1,293,003      
Conversion of notes payable and accrued expenses to common stock             488,873 1,729,739 458,852
Settlement of accounts payable with common stock 40,000 25,584 76,975   86,975 251,148 86,975 271,148 109,000
Issuance of shares for services         290,632 331,118 $ 290,632 411,058 1,235,321
Settlement of notes payable with common stock $ 212,811 697,259 321,723 455,539      
Issuance of warrants in connection with debt               600,000
Reclassification of derivative liability from equity     $ 1,989,653 $ 2,596,406      
Reclassification warrants to derivative liabilities from equity   $ 504,352           1,823,083
Cancellation of capital lease               $ 83,940

Source