Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.3.1.900
Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash $ 103,019 $ 1,172,117
Prepaid expenses and other current assets $ 65,922 69,739
Note receivable 861,435
Total current assets $ 168,941 2,103,291
Deposit for booth equipment 199,428
Property and equipment, net $ 70,873 123,807
Total assets 239,814 2,426,526
Current liabilities:    
Accounts payable and accrued expenses 506,012 311,958
Notes payable 725,000 100,000
Total current liabilities 1,231,012 $ 411,958
Notes payable - related parties, net of discount 1,351,192
Total liabilities $ 2,582,204 $ 411,958
Commitments and contingencies
Stockholders’ equity (deficit)    
Preferred stock, $0.0001 par value, 15,000,000 shares authorized, none issued or outstanding
Common stock, $0.0001 par value, 200,000,000 shares authorized, 63,859,000 and 60,600,000 shares issued and outstanding as of December 31, 2015 and 2014, respectively $ 6,386 $ 6,060
Additional paid-in capital 14,650,519 12,052,575
Accumulated deficit (16,999,295) (10,044,067)
Total shareholders’ equity (deficit) (2,342,390) 2,014,568
Total liabilities and shareholders’ deficit $ 239,814 $ 2,426,526