Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash $ 5,359 $ 15,563
Total current assets: 5,359 15,563
Total assets 5,359 15,563
Current liabilities:    
Accounts payable 342,110 206,303
Accrued interest payable 17,022 8,413
Note payable, net of debt discount of $1,517 and $7,333, respectively 110,483 76,167
Note payable - related parties 6,000 6,000
Convertible note payable, net of debt discount of $5,483 and $9,333, respectively 115,517 111,667
Fair value of derivative liability - beneficial conversion feature 53,715 107,690
Deferred license income 85,481 60,491
Total current liabilities 730,328 576,731
Total liabilities 730,328 576,731
Stockholders' deficit:    
Preferred stock authorized 25,000,000 shares, $.0001 par value, no shares issued and outstanding at June 30, 2016 and December 31, 2015.
Common stock authorized 100,000,000 shares, $.0001 par value, 50,411,443 shares issued and outstanding at June 30, 2016 and December 31, 2015. 5,041 5,041
Additional paid-in capital 4,075,275 4,069,826
Accumulated deficit (4,805,285) (4,636,035)
Total stockholders' deficit (724,969) (561,168)
Total liabilities and stockholders' deficit $ 5,359 $ 15,563