Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Changes In Shareholders??? Equity (Deficit)

v3.3.1.900
Consolidated Statement of Changes In Shareholders’ Equity (Deficit) - USD ($)
Common Stock [Member]
Additional Paid-In Capital [Member]
Accumulated Deficit [Member]
Total
Balance at Dec. 31, 2013 $ 3,600 $ 4,765,253 $ (4,864,826) $ (95,973)
Balance, shares at Dec. 31, 2013 36,000,000      
Capital contributions 595,000 595,000
Equity interests issued as payment of salary expense 62,500 62,500
Share based compensation 834,606 834,606
Shares issued in connection with license agreement $ 60 299,940 300,000
Shares issued in connection with license agreement, shares 600,000      
Sale of common stock in private placement, net of offering costs $ 900 3,827,460 $ 3,828,360
Sale of common stock in private placement, net of offering costs, shares 9,000,000      
Shares issued as offering costs for private placement $ 66 66
Shares issued as offering costs for private placement, shares 659,600      
Conversion of convertible notes $ 477 1,668,839 $ 1,669,316
Conversion of convertible notes, shares 4,769,473      
Effect of share exchange agreement $ 1,165 (1,165)
Effect of share exchange agreement, shares 11,650,000      
Cancellation of shares in connection with exchange agreement $ (208) 208
Cancellation of shares in connection with exchange agreement, shares (2,079,073)      
Net loss     $ (5,179,241) $ (5,179,241)
Balance at Dec. 31, 2014 $ 6,060 12,052,575 $ (10,044,067) 2,014,568
Balance, shares at Dec. 31, 2014 60,600,000      
Share based compensation 857,311 857,311
Warrants issued in connection with DelMorgan service agreement 20,114 20,114
Warrants issued for extension of note payable terms 424,758 424,758
Shares issued as payment for vendor services $ 12 34,666 34,678
Shares issued as payment for vendor services, shares 124,000      
Shares issued in connection with Songstagram settlement agreements $ 82 529,918 530,000
Shares issued in connection with Songstagram settlement agreements, shares 820,000      
Shares issued as board compensation $ 110 123,799 123,909
Shares issued as board compensation, shares 1,100,000      
Shares issued as employee compensation $ 122 607,378 607,500
Shares issued as employee compensation, shares 1,215,000      
Net loss   $ (6,955,228) (6,955,228)
Balance at Dec. 31, 2015 $ 6,386 $ 14,650,519 $ (16,999,295) $ (2,342,390)
Balance, shares at Dec. 31, 2015 63,859,000