Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current asssets:    
Cash $ 123,670 $ 16,762
Accounts receivable 8,468
Prepaid expenses 34,284 10,871
Total current assets 157,954 36,101
Property and equipment, net 46,761 52,066
Other assets 12,059 16,036
Total assets 216,774 104,203
Current liabilities:    
Accounts payable and accrued expenses 426,500 431,650
Accrued interest (including $114,772 and $56,628 payable to related parties) 196,407 118,137
Accrued officers’ salary 311,348 200,028
Notes payable, net of discount of $22,407 and $48,942, respectively 203,893 177,358
Notes payable - related party 1,964,985 1,964,985
Convertible note payable 680,268 680,268
Total current liabilities 3,783,401 3,572,426
Notes Payable Series A Preferred, net of discount of $46,857 268,143
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, 98,895,733 and 94,661,566 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively 9,888 9,465
Additional paid in capital 18,285,582 17,815,732
Stock subscription (20) (20,020)
Accumulated deficit (22,130,220) (21,273,400)
Total stockholders’ deficit (3,834,770) (3,468,223)
Total liabilities and stockholders’ deficit $ 216,774 $ 104,203