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 $)
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    11,500,000        
Common stock issued in connection with the exercise of options, Amount    11,500    161,000    172,500
Common stock issued for services rendered, Shares    975,000        
Common stock issued for services rendered, Amount    975    137,323   138,298
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          800,987    800,987
Reclassify fair value of warrant liability upon exchange to equity warrant          129,551    129,551
Fair value of warrants issued in connection with licensing fee          24,558    24,558
Fair value of vested options          31,820    31,820
Net loss             (1,120,482) (1,120,482)
Ending Balance, Amount at Sep. 30, 2014 $ 16,000 $ 145,440 $ 100,000 $ 6,819,681 $ (6,557,595) $ 523,526
Ending Balance, Shares at Sep. 30, 2014 80,000 145,439,501