Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (unaudited)

v2.4.0.8
CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (unaudited) (USD $)
Convertible Preferred stock
Common Stock
Common stock Subscribed
Additional Paid-In Capital
Accumulated Deficit
Total
Beginning Balance, Amount at Dec. 31, 2013   $ 127,344 $ 100,000 $ 5,432,563 $ (5,437,113) $ 222,794
Beginning Balance, Shares at Dec. 31, 2013   127,343,501        
Common stock issued, accrued in 2013, Shares   4,805,000        
Common stock issued, accrued in 2013, Amount   4,805    (4,805)      
Common stock issued in connection with the exercise of options, Shares   8,500,000        
Common stock issued in connection with the exercise of options, Amount   8,500    119,000    127,500
Common stock issued for services rendered, Shares   500,000        
Common stock issued for services rendered, Amount   500    84,250   84,750
Common stock issued as payment of interest, Shares   100,000        
Common stock issued as payment of interest, Amount   100    17,900    18,000
Common stock issued in connection with licensing fee, Shares   716,000        
Common stock issued in connection with licensing fee, Amount   716    88,784    89,500
Preferred stock issued for services rendered, Shares 80,000          
Preferred stock issued for services rendered, Amount 16,000         16,000
Reclassify fair value of debt derivative at payoff of note payable         368,589    368,589
Fair value of warrants issued in connection with licensing fee         24,558    24,558
Fair value of vested options         26,007    26,007
Net loss            (736,603) (736,603)
Ending Balance, Amount at Jun. 30, 2014 $ 16,000 $ 141,965 $ 100,000 $ 6,156,846 $ (6,173,716) $ 241,095
Ending Balance, Shares at Jun. 30, 2014 80,000 141,964,501