Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current asssets:    
Cash $ 27,008 $ 16,762
Accounts receivable 8,468
Prepaid expenses 33,101 10,871
Total current assets 60,109 36,101
Property and equipment, net 41,398 52,066
Other assets 9,073 16,036
Total assets 110,580 104,203
Current liabilities:    
Accounts payable and accrued expenses 435,309 431,650
Accrued interest (including $109,946 and $118,451 payable to related parties) 215,557 118,137
Accrued officers’ salary 386,279 200,028
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 $105,061 and $0, respectively 685,207 680,268
Total current liabilities 3,812,337 3,572,426
Notes Payable Series A Preferred, net of discount of $20,857 294,143
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, 105,072,899 and 94,661,566 shares issued and outstanding as of June 30, 2017 and December 31, 2016, respectively 10,507 9,465
Additional paid in capital 20,235,598 17,815,732
Stock subscription (20) (20,020)
Accumulated deficit (24,241,985) (21,273,400)
Total stockholders’ deficit (3,995,900) (3,468,223)
Total liabilities and stockholders’ deficit $ 110,580 $ 104,203