Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current Assets    
Cash $ 162,795 $ 416,187
Accounts Receivable 157,013 42,449
Prepaid Expenses and Other Current Assets 132,950 109,927
Inventories 1,127,072 1,053,890
Total Current Assets 1,579,830 1,622,453
Fixed Assets, net 99,001 51,305
Website Acquisition Assets, net 967,114 630,286
Tradenames 150,000
Other Assets 184,400 15,547
Total Assets 2,980,345 2,319,591
Current liabilities    
Accounts payable 654,140 323,782
Accrued Interest 11,111
Accrued Interest to Related Party 5,592
Premium Finance Loan Payable 53,643 52,406
Note Payable 500,000
Total Current Liabilities 1,224,486 376,188
Long Term Debt to Related Parties, net 185,905 122,260
Total Liabilities 1,410,391 498,448
Commitments and contingencies (Note 11)
Shareholders' equity    
Common stock, par value $.01, 324,000,000 shares authorized, 44,901,531 issued and outstanding, and 35,885,059 issued and outstanding, respectively 449,016 358,850
Additional paid-in-capital 9,944,744 7,568,048
Accumulated Deficit (8,824,806) (6,157,755)
Total shareholders' equity 1,569,954 1,821,143
Total liabilities and shareholders' equity 2,980,345 2,319,591
Series A Preferred Stock [Member]    
Shareholders' equity    
Preferred stock, par value $0.01, 20,000,000 shares authorized, 5,200,000 and 4,400,000 issued and outstanding respectively: 1,000 19,000
Series B Preferred Stock [Member]    
Shareholders' equity    
Preferred stock, par value $0.01, 20,000,000 shares authorized, 5,200,000 and 4,400,000 issued and outstanding respectively: 10,000
Series C Preferred Stock [Member]    
Shareholders' equity    
Preferred stock, par value $0.01, 20,000,000 shares authorized, 5,200,000 and 4,400,000 issued and outstanding respectively: 18,000
Series D Preferred Stock [Member]    
Shareholders' equity    
Preferred stock, par value $0.01, 20,000,000 shares authorized, 5,200,000 and 4,400,000 issued and outstanding respectively: $ 5,000