Balance Sheet

v3.7.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash $ 845,067 $ 92,455
Accounts receivable, net 51,750
Prepaid expenses 6,934 8,400
Total current assets 903,751 100,855
Property and equipment, net 19,107 22,164
Other assets:    
Restricted cash 50,000 50,000
Intellectual property, net 265,932 279,729
Deposits, long term 17,634 17,634
Total other assets 333,566 347,363
Total assets 1,256,424 470,382
Current liabilities:    
Accounts payable and accrued expenses, including related party payables of $84,063 and $195,584, respectively 572,976 937,938
Deferred revenue, short term 301,789 432,836
Settlement payable 45,000 315,000
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 186,172 210,761
Derivative liability 294,807
Total current liabilities 1,105,937 2,451,123
Long term debt:    
Deferred revenue, long term 466,954 613,428
Convertible notes payable, long term, net of debt discount 1,266,062 688,783
Warrant liability 111,146 26,903
Derivative liability 4,820,473
Total long term debt 1,844,162 6,149,587
Total liabilities 2,950,099 8,600,710
Stockholders' deficit:    
Preferred stock, no par value and $0.001 par value; 600,000 authorized as of June 30, 2017 and December 31, 2016, Preferred stock, no par value; 80,000 designated; 80,000 shares issued and outstanding as of June 30, 2017 and December 31, 2016 16,000 16,000
Common stock, $0.001 par value; 525,000,000 shares authorized, 242,136,285 and 181,804,501 shares issued and outstanding as of June 30, 2017 and December 31, 2016, respectively 242,136 181,805
Common stock subscribed 100,000 100,000
Additional paid in capital 44,109,037 10,701,116
Accumulated deficit (46,166,464) (19,134,865)
Total stockholders' deficit (1,693,675) (8,130,328)
Total liabilities and stockholders' deficit 1,256,424 470,382
Series B Preferred Stock [Member]    
Stockholders' deficit:    
Preferred stock, no par value and $0.001 par value; 600,000 authorized as of June 30, 2017 and December 31, 2016, Preferred stock, no par value; 80,000 designated; 80,000 shares issued and outstanding as of June 30, 2017 and December 31, 2016 $ 5,616 $ 5,616

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