Balance Sheet

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash $ 80,625 $ 220,060
Accounts receivable, net 39,500 2,750
Other accounts receivable 25,000 25,000
Prepaid expenses 25,345 64,253
Total current assets 170,470 312,063
Property and equipment, net 23,692 3,900
Other assets:    
Restricted cash 250,000
Prepaid expenses, long term 1,016 8,573
Intellectual property, net 161,743 1,075,400
Deposits, long term 22,968 5,334
Total other assets 435,727 1,089,307
Total assets 629,889 1,405,270
Current liabilities:    
Accounts payable and accrued expenses, including related party payables of $301,017 and $731,666, respectively 689,481 1,256,956
Deferred revenue, short term 432,836 635,613
Settlement payable 250,000
Convertible notes payable, short term, net of debt discount 21,134
Notes payable, net of debt discount, short term portion 172,748 1,461,256
Notes payable, net of debt discount, related party 210,188 269,635
Derivative liability 110,753
Total current liabilities 1,755,253 3,755,347
Long term debt:    
Deferred revenue, long term 722,526 844,673
Convertible notes payable, long term, net of debt discount 501,766 5,530
Warrant liability 36,097 22,746
Derivative liability 4,561,258 59,778
Total long term debt 5,821,647 932,727
Total liabilities 7,576,900 4,688,074
Commitments and contingencies (Note 17)
Stockholders' deficit:    
Preferred stock, no par value and $0.001 par value; 600,000 and 80,000 designated; 80,000 shares issued and outstanding as of September 30, 2016 and December 31, 2015 16,000 16,000
Common stock, $0.001 par value; 525,000,000 and 200,000,000 shares authorized, 169,094,501 and 164,144,501 shares issued and outstanding as of September 30, 2016 and December 31, 2015, respectively 169,095 164,145
Common stock subscribed 100,000 100,000
Additional paid in capital 10,209,916 9,667,934
Accumulated deficit (17,442,022) (13,230,883)
Total stockholders' deficit (6,947,011) (3,282,804)
Total liabilities and stockholders' deficit $ 629,889 $ 1,405,270

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