v3.19.2

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
CURRENT ASSETS:
Cash and cash equivalents	$ 2,508,931	$ 2,149,738
Accounts receivable, net	75,483	148,225
Inventories	21,848	44,431
Prepaid and other assets	8,769	4,000
Total Current Assets	2,615,031	2,346,394
Property and Equipment, net	33,500	37,369
Right of use asset	162,651
Intangible assets, net	3,499,017	3,731,584
Goodwill	3,313,226	3,313,226
TOTAL ASSETS	9,623,425	9,428,573
CURRENT LIABILITIES:
Accounts payable and accrued expenses	1,578,319	1,100,005
Income tax payable		80,000
Salaries payable - related party		50,000
Current portion of right of use liability	58,662
Current portion - notes payable, net of discounts of $0 at June 30, 2019 and December 31, 2018, respectively	2,500,000	2,500,000
Total Current Liabilities	4,136,981	3,730,005
Long-term Liabilities:
Right of use liability, net of current portion	120,694
Notes payable, net of discounts of $205,561 and $287,785 at June 30, 2019 and December 31, 2018, respectively	4,944,439	4,862,215
Deferred tax liability	797,995	905,128
Total Long-term Liabilities	5,863,128	5,767,343
Total Liabilities	10,000,109	9,497,348
STOCKHOLDERS' DEFICIT
Preferred Stock, .001 par value, 5,000,000 shares authorized No shares issued and outstanding June 30, 2019 and December 31, 2018
Common Stock, .001 par value, 100,000,000 shares authorized 22,869,191 shares issued and outstanding, June 30, 2019 and December 31, 2018	22,869	22,869
Additional paid in capital	1,117,967	1,117,967
Accumulated deficit	(1,517,520)	(1,209,611)
Total Stockholders' Deficit	(376,684)	(68,775)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 9,623,425	$ 9,428,573

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.

Health-Right Discoveries, Inc. 10-Q