Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.4.0.3
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash $ 15,413 $ 15,563
Total current assets: 15,413 15,563
Total assets 15,413 15,563
Current liabilities:    
Accounts payable 294,868 206,303
Accrued interest payable 12,222 8,413
Note payable, net of debt discount of $1,517 and $0, respectively 110,483 76,167
Note payable - related parties 6,000 6,000
Convertible note payable, net of debt discount of $1,983 and $9,333, respectively 119,017 111,667
Fair value of derivative liability - beneficial conversion feature 268,819 107,690
Deferred license income 60,491 60,491
Total current liabilities 871,900 576,731
Total liabilities $ 871,900 $ 576,731
Stockholders' deficit:    
Preferred stock authorized 25,000,000 shares, $.0001 par value, no shares issued and outstanding at March 31, 2016 and December 31, 2015.
Common stock authorized 100,000,000 shares, $.0001 par value, 50,411,443 shares issued and outstanding at March 31, 2016 and December 31, 2015. $ 5,041 $ 5,041
Additional paid-in capital 4,075,275 4,069,826
Accumulated deficit (4,936,803) (4,636,035)
Total stockholders' deficit (856,487) (561,168)
Total liabilities and stockholders' deficit $ 15,413 $ 15,563