v3.3.0.814

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Current Assets
Cash	$ 353,061	$ 2,457,622
Accounts receivable, net	63,217
Inventory	1,098,522	$ 148,476
Prepaid expenses	17,169	9,931
Total Current Assets	1,531,969	2,616,029
Property and equipment, net	35,397	48,549
Other Assets
Security Deposits	7,941	7,941
Total Other Assets	7,941	7,941
Total Assets	1,575,307	2,672,519
Current Liabilities:
Accounts payable and accrued liabilities	834,807	247,904
Deferred revenue	35,775	36,975
Convertible notes payable, net of debt discount of $9,314 and $59,177, respectively	190,686	140,823
Derivative Liability	1,810,452	1,898,636
Total Current Liabilities	2,871,720	2,324,338
Total Liabilities	$ 2,871,720	$ 2,324,338
Commitments and contingencies
Stockholders' Equity
Preferred Stock par value $0.001: 10,000,000 shares authorized; 400 and 400 shares issued and outstanding, respectively
Class A Common Stock par value $0.001: 65,000,000 shares authorized; 48,014,424 and 48,014,424 shares issued and outstanding, respectively	$ 48,014	$ 48,014
Additional paid-in capital	116,220,650	115,640,496
Accumulated deficit	(117,565,077)	(115,340,329)
Total Stockholders' Equity (Deficit)	(1,296,413)	348,181
Total Liabilities and Stockholders' Equity	$ 1,575,307	$ 2,672,519

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

iNeedMD Holdings, Inc. 10-Q