Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.7.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets    
Cash $ 34,460 $ 162,795
Accounts Receivable 68,346 157,013
Prepaid Expenses and Other Current Assets 120,290 132,950
Inventories 1,209,093 1,127,072
Total current assets 1,432,189 1,579,830
Fixed Assets, net 101,547 99,001
Website Acquisition Assets, net 891,308 967,114
Tradenames 150,000 150,000
Other Assets 170,316 184,400
Total Assets 2,745,360 2,980,345
Current Liabilities    
Accounts payable 663,909 654,140
Accrued Interest 42,361 11,111
Accrued Interest to Related Party 9,407 5,592
Premium Finance Loan Payable 28,401 53,643
Deferred Rent 6,015
Note Payable 500,000 500,000
Total Current Liabilities 1,250,093 1,224,486
Long Term Deferred Rent 5,177
Long Term Debt to Related Parties, net 317,064 185,905
Total Liabilities 1,572,334 1,410,391
Commitments and contingencies (See Note 9)
Shareholders' Equity    
Common stock, par value $0.01, 324,000,000 shares authorized, 44,915,131 issued and outstanding and 44,901,531 issued and outstanding, respectively 449,152 449,016
Additional paid-in capital 10,230,927 9,944,744
Accumulated Deficit (9,508,053) (8,824,806)
Total shareholders' equity 1,173,026 1,569,954
Total liabilities and shareholders' equity 2,745,360 2,980,345
Series A Preferred Stock [Member]    
Shareholders' Equity    
Preferred stock, par value $0.01, 20,000,000 shares authorized, 100,000 and 100,000 shares issued and outstanding 1,000 1,000
Series B Preferred Stock [Member]    
Shareholders' Equity    
Preferred stock, par value $0.01, 20,000,000 shares authorized, 100,000 and 100,000 shares issued and outstanding
Series C Preferred Stock [Member]    
Shareholders' Equity    
Preferred stock, par value $0.01, 20,000,000 shares authorized, 100,000 and 100,000 shares issued and outstanding
Series D Preferred Stock [Member]    
Shareholders' Equity    
Preferred stock, par value $0.01, 20,000,000 shares authorized, 100,000 and 100,000 shares issued and outstanding