Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash $ 10,560 $ 16,762
Accounts receivable 8,468
Prepaid expenses 40,909 10,871
Total current assets 51,469 36,101
Property and equipment, net 30,554 52,066
Other assets 8,780 16,036
Total assets 90,803 104,203
Current liabilities:    
Accounts payable and accrued expenses 663,506 431,650
Accrued interest (including $99,425 and $56,628 payable to related parties) 248,120 118,137
Accrued officers' salary 607,333 200,028
Notes payable, net of discount of $0 and $48,942, respectively 125,000 177,358
Notes payable - related party 1,964,985 1,964,985
Convertible note payable, net of discount of $675,453 and $0, respectively 1,020,315 680,268
Derivative liability 1,250,581
Total current liabilities 5,879,840 3,572,426
Commitments and contingencies
Stockholders' 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, 119,118,513 and 94,661,566 shares issued and outstanding as of December 31, 2017 and 2016, respectively 11,912 9,465
Additional paid in capital 22,738,574 17,815,732
Common stock issuable, 4,500,000 shares 430 (20,020)
Accumulated deficit (28,539,953) (21,273,400)
Total stockholders' deficit (5,789,037) (3,468,223)
Total liabilities and stockholders’ deficit $ 90,803 $ 104,203