KonaRed Corp

CIK:0001527355|SEC Filings

STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
STATEMENTS OF OPERATIONS - USD ($)	Dec. 31, 2017	Dec. 31, 2016
REVENUE:
Sales	$ 2,873,723	$ 1,059,196
Cost of goods sold	2,339,159	740,806
Product sales - related party	0	1,800
GROSS MARGIN	534,564	318,390
OPERATING EXPENSES:
Research and development	5,786	5,320
Advertising and marketing	476,973	276,299
General and administrative expenses	3,356,872	2,692,774
Total operating expenses	3,839,631	2,974,393
Loss from operations	(3,305,067)	(2,656,003)
OTHER INCOME (EXPENSE):
License fee	40,182	7,014
Interest expense	(64,760)	(186,793)
Amortization expense - notes discounts	(466,522)	(472,510)
Change in fair market value of derivative liabilities	(9,016,712)	7,463
Loss on debt modification	(1,113,770)	0
Total other income (expense)	(10,621,582)	(644,826)
Net loss	$ (13,926,649)	$ (3,300,829)
Basic loss per common share (in Dollars per share)	$ (0.09)	$ (0.03)
Basic weighted average shares outstanding (in Shares)	161,083,564	131,480,362
Diluted weighted average shares outstanding (in Shares)	177,910,583	131,480,362
Product [Member]
REVENUE:
Sales	$ 2,861,823	$ 1,038,482
Shipping and Handling [Member]
REVENUE:
Sales	11,900	18,914
Cost of goods sold	$ 281,255	$ 124,760

STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
STATEMENTS OF CASH FLOWS - USD ($)	Dec. 31, 2017	Dec. 31, 2016
OPERATING ACTIVITIES:
Net loss	$ (13,926,649)	$ (3,300,829)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense	2,798	2,444
Stock issued for compensation and services	251,804	676,948
Patent fee	200,000	0
Loss on debt modifications, conversions, and settlement	742,789	43,725
Change in fair market value of derivative liabilities	9,016,712	(7,463)
Amortization of notes payable discounts	466,522	565,528
Options grant expense	136,648	0
Change in operating assets and liabilities:
Accounts receivable	(108,575)	(71,138)
Inventory	(156,045)	171,328
Prepaid expenses	0	5,953
Accounts payable and accrued liabilities	607,851	(76,062)
Accrued interest	0	50,631
Unearned revenue	(40,034)	191,587
NET CASH USED IN OPERATING ACTIVITIES	(2,806,179)	(1,747,459)
INVESTING ACTIVITIES:
Purchase of fixed assets	(7,061)	0
NET CASH USED IN INVESTING ACTIVITIES	(7,061)	0
FINANCING ACTIVITIES:
Proceeds from short term debt - related party	200,000	100,000
Proceeds from short term debt	100,000	0
Repayments of short term convertible notes payable	(240,035)	(216,700)
Proceeds from long term convertible notes payable	0	375,000
Proceeds from issuance of preferred stock for cash	2,250,000	0
Warrants exercised for cash	491,600	0
Proceeds from issuance of common stock for cash	1,248,968	1,408,936
NET CASH PROVIDED BY FINANCING ACTIVITIES	4,050,533	1,667,236
NET INCREASE (DECREASE) IN CASH	1,237,293	(80,223)
CASH, Beginning of Period	68,546	148,769
CASH, End of Period	1,305,839	68,546
Cash paid during the year for:
Interest	0	1,025
Debt discounts due to derivative	0	7,416
Discounts due to warrants	0	315,658
Interest paid by stock issuances	0	25,341
Shares issued as commitment fees - offering costs	0	43
Debt discounts from beneficial conversion features	0	47,074
Settlement of derivative liability	11,649	0
Debt and accrued interest converted to stock	1,552,816	79,000
Settlement of debt with debt	30,070	0
Series B Preferred Stock [Member]
Cash paid during the year for:
Debt and accrued interest converted to stock	306,949	0
Series B Preferred Stock options granted to satisfy accrued compensation	$ 115,317	$ 0

BALANCE SHEETS - USD ($)	Dec. 31, 2017	Dec. 31, 2016
CURRENT ASSETS
Cash	$ 1,305,839	$ 68,546
Accounts receivable	230,940	120,565
Accounts receivable - related party	0	1,800
Inventory	423,875	267,830
TOTAL CURRENT ASSETS	1,960,654	458,741
OTHER ASSETS
Fixed assets (net of accumulated depreciation)	12,066	7,803
TOTAL OTHER ASSETS	12,066	7,803
TOTAL ASSETS	1,972,720	466,544
CURRENT LIABILITIES
Accounts payable and accrued liabilities	571,903	140,007
Short term convertible notes, net of discounts	140,035	209,578
Short term debt - related party	0	103,353
Unearned revenue	152,986	193,020
Derivative liability	9,016,712	11,649
TOTAL CURRENT LIABILITIES	9,881,636	657,607
LONG-TERM LIABILITIES
Long term convertible notes payable, net of discounts	0	869,674
TOTAL LONG-TERM LIABILITIES	0	869,674
TOTAL LIABILITIES	9,881,636	1,527,281
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ DEFICIT
Common shares, 877,500,000 shares with par value $0.001 authorized; 226,116,621 and 162,932,882 shares issued and outstanding at December 31, 2017 and December 31, 2016, respectively	226,160	162,975
Additional paid in capital	29,173,788	22,158,506
Accumulated deficit	(37,308,866)	(23,382,218)
TOTAL STOCKHOLDERS' DEFICIT	(7,908,916)	(1,060,737)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	1,972,720	466,544
Series A Preferred Stock [Member]
STOCKHOLDERS’ DEFICIT
Series	2	0
Series B Preferred Stock [Member]
STOCKHOLDERS’ DEFICIT
Series	$ 0	$ 0