Balance Sheet

v3.7.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash $ 1,682,498 $ 92,455
Accounts receivable, net 21,000
Prepaid expenses 4,762 8,400
Total current assets 1,708,260 100,855
Property and equipment, net 20,636 22,164
Other assets:    
Restricted cash 50,000 50,000
Intellectual property, net 272,869 279,729
Deposits, long term 17,634 17,634
Total other assets 340,503 347,363
Total assets 2,069,399 470,382
Current liabilities:    
Accounts payable and accrued expenses, including related party payables of $114,052 and $195,584, respectively 830,654 937,938
Deferred revenue, short term 382,973 432,836
Settlement payable 60,000 315,000
Convertible notes payable, short term, net of debt discount 87,033
Notes payable, net of debt discount, short term portion 172,748
Notes payable, net of debt discount, related party 210,965 210,761
Derivative liability 294,807
Total current liabilities 1,484,592 2,451,123
Long term debt:    
Deferred revenue, long term 556,564 613,428
Convertible notes payable, long term, net of debt discount 895,149 688,783
Warrant liability 157,823 26,903
Derivative liability 43,023,077 4,820,473
Total long term debt 44,632,613 6,149,587
Total liabilities 46,117,205 8,600,710
Stockholders' deficit:    
Preferred stock, no par value and $0.001 par value; 600,000 authorized as of March 31, 2017 and December 31, 2016,Preferred stock, no par value; 80,000 designated; 80,000 shares issued and outstanding as of March 31, 2017 and December 31, 2016 16,000 16,000
Common stock, $0.001 par value; 525,000,000 shares authorized, 239,711,285 and 181,804,501 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively 239,711 181,805
Common stock subscribed 100,000 100,000
Additional paid in capital 13,061,253 10,701,116
Accumulated deficit (57,470,386) (19,134,865)
Total stockholders' deficit (44,047,806) (8,130,328)
Total liabilities and stockholders' deficit 2,069,399 470,382
Series B Preferred Stock [Member]    
Stockholders' deficit:    
Preferred stock, no par value and $0.001 par value; 600,000 authorized as of March 31, 2017 and December 31, 2016,Preferred stock, no par value; 80,000 designated; 80,000 shares issued and outstanding as of March 31, 2017 and December 31, 2016 $ 5,616 $ 5,616

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