Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Sep. 30, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash $ 177,338 $ 594,508
Accounts receivable, net 305,566 1,017,522
Inventories 1,901,052 1,184,957
Prepaid expenses 287,112 77,349
Investor notes receivable 1,535,000 2,175,260
TOTAL CURRENT ASSETS 4,206,068 5,049,596
Property and equipment, net 340,945 253,640
OTHER ASSETS    
Deposits 62,762 62,059
TOTAL ASSETS 4,609,775 5,365,295
CURRENT LIABILITIES    
Accounts payable 1,465,105 1,154,283
Accrued liabilities 1,702,971 1,052,891
Short term debt - third parties 2,509,084 2,476,605
Current maturities of note payable 107,838 107,838
Convertible notes payable, net of unamortized debt discount of $0 and $166,668, respectively 2,180,364 3,041,332
Derivative liabilities 839,644 1,939,292
Short term debt - related parties 221,000 221,000
TOTAL CURRENT LIABILITIES 9,026,006 9,993,241
LONG TERM LIABILITY    
Note payable, non-current 1,172,162 1,217,162
TOTAL LIABILITIES 10,198,168 11,210,403
STOCKHOLDERS' EQUITY (DEFICIT)    
Common stock; $0.001 par value; unlimited shares authorized; 392,921,528 and 88,617,154 shares issued and outstanding, respectively 173,562 87,283
Additional paid in capital 19,225,521 15,881,419
Accumulated deficit (24,716,976) (21,750,309)
Deficit attributable to Windstream Technologies, Inc. (5,317,893) (5,781,606)
Noncontrolling interest (270,500) (63,501)
TOTAL STOCKHOLDERS' DEFICIT (5,588,393) (5,845,108)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY DEFICIT $ 4,609,775 $ 5,365,295