Balance Sheet

v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash $ 11,342 $ 92,455
Accounts receivable, net 29,950
Prepaid expenses 13,210 8,400
Total current assets 54,502 100,855
Property and equipment, net 19,012 22,164
Other assets:    
Restricted cash 50,000
Intellectual property, net 251,963 279,729
Deposits, long term 13,422 17,634
Total other assets 265,385 347,363
Total assets 338,899 470,382
Current liabilities:    
Accounts payable and accrued expenses, including related party payables of $62,241 and $195,584, respectively 1,199,536 937,938
Deferred revenue, short term 237,347 432,836
Settlement payable 15,000 315,000
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 186,590 210,761
Derivative liability 294,807
Total current liabilities 1,638,473 2,451,123
Long term debt:    
Deferred revenue, long term 401,346 613,428
Convertible notes payable, long term, net of debt discount 2,016,041 688,783
Warrant liability 175,975 26,903
Derivative liability 4,820,473
Total long term debt 2,593,362 6,149,587
Total liabilities 4,231,835 8,600,710
Commitments and contingencies (See Note 18)
Stockholders' deficit:    
Preferred stock value 16,000 16,000
Common stock, $0.001 par value; 525,000,000 shares authorized, 244,086,285 and 181,804,501 shares issued and outstanding as of December 31, 2017 and 2016, respectively 244,086 181,805
Common stock subscribed 100,000 100,000
Additional paid in capital 44,581,896 10,701,116
Accumulated deficit (48,840,534) (19,134,865)
Total stockholders' deficit (3,892,936) (8,130,328)
Total liabilities and stockholders' deficit 338,899 470,382
Series B Preferred Stock [Member]    
Stockholders' deficit:    
Preferred stock value $ 5,616 $ 5,616

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