Investor Relations

Financials

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash $ 9,485 $ 9,299
Total current assets: 9,485 9,299
Total assets 9,485 9,299
Current liabilities:    
Accounts payable 419,859 407,913
Accrued interest payable 34,763 28,770
Note payable, net of debt discount $1,517 and $1,517, respectively 145,483 145,483
Note payable - related parties 16,000 16,000
Convertible note payable 121,000 121,000
Fair value of derivative liability - beneficial conversion feature 46,476 38,756
Deposit 132,971
Total current liabilities 783,581 890,893
Total liabilities 783,581 890,893
Stockholders' deficit:    
Preferred stock authorized 25,000,000 shares, $.0001 par value, no shares issued and outstanding at March 31, 2017 and December 31, 2016.
Common stock authorized 100,000,000 shares, $.0001 par value, 51,411,443 shares issued and outstanding at March 31, 2017 and December 31, 2016. 5,141 5,141
Additional paid-in capital 4,401,221 4,175,170
Accumulated deficit (5,180,458) (5,061,905)
Total stockholders' deficit (774,096) (881,594)
Total liabilities and stockholders' deficit $ 9,485 $ 9,299
v3.7.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]    
NET SALES
OPERATING EXPENSES:    
Professional fees 96,222 112,996
Selling, general, and administrative 10,191 8,151
Total Operating Expenses 106,413 121,147
Loss from operations (106,413) (121,147)
OTHER INCOME (EXPENSE):    
Other Income 1,775
Interest expense (6,195) (18,492)
Changes in fair value of derivative (7,720) (161,129)
Total Other Income (Expenses), net (12,140) (179,621)
NET LOSS $ (118,553) $ (300,768)
NET LOSS PER BASIC AND DILUTED SHARES
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC AND DILUTED 51,411,443 74,723,843
v3.7.0.1
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities:    
Net loss $ (118,553) $ (300,768)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Change in deposit balance 44,522
Stock based compensation 48,558 5,449
Interest expense - note payable 3,439 11,142
Interest expense - amortization of convertible note discount 2,554 7,350
Changes in fair value of convertible note 7,720 161,129
Accounts payable 11,946 88,565
Net cash provided by (used in) operating activities 186 (27,133)
Financing Activities:    
Proceeds from issuance of note payable 26,983
Net cash provided by financing activities 26,983
Net increase (decrease) in cash 186 (150)
Cash, Beginning of period 9,299 15,563
Cash, End of period 9,485 15,413
Non-Cash Transaction:    
Change in deposit balance $ 132,971