v3.10.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current Assets    
Cash $ 75,270 $ 425,015
Prepaid expenses 26,197 25,000
Total Current Assets 101,467 450,015
Property and Equipment    
Property and equipment, net 1,013 1,352
Assets under construction 922,639 892,639
Property and Equipment, net 923,652 893,991
Total Assets 1,025,119 1,344,006
Current Liabilities    
Accounts payables and accrued expense 7,533,934 6,846,010
Notes payable - related party, net 3,539,448 3,592,948
Convertible notes payable -related party- net 87,500 87,500
Notes payable, net 587,096 589,812
Convertible note payable, net 725,189 50,000
Total Current Liabilities 12,473,167 11,166,270
Notes payable, net of debt discount 1,090,909 607,290
Convertible note payable, net of debt discount 80,000 80,000
Total Liabilities 13,644,076 11,853,560
Stockholders' deficiency    
Preferred Stock, $0.001 par value; 20,000,000 shares authorized, 0 and 0 shares issued and outstanding, respectively 0 0
Common stock, $0.001 par value; 200,000,000 shares authorized, 123,306,904 and 122,642,247 shares issued and outstanding, respectively 123,306 122,642
Additional paid-in capital 57,245,394 57,071,022
Accumulated deficit (69,987,657) (67,703,218)
Total Stockholders' Deficiency (12,618,957) (10,509,554)
Total Liabilities and Stockholders' Deficiency $ 1,025,119 $ 1,344,006
v3.10.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Operating Expenses        
Salaries and wages $ 288,958 $ 296,339 $ 618,947 $ 553,827
Professional fees 663,731 150,977 870,968 503,773
General and administrative 192,071 174,609 419,059 252,955
Warrant Expense 0 0 0 6,769,562
Total Operating Expenses 1,144,760 621,925 1,908,974 8,080,117
Loss from Operations (1,144,760) (621,925) (1,908,974) (8,080,117)
Other Expenses        
Interest Expense, net (174,610) (133,107) (335,925) (238,100)
Amortization of debt discount (63,259) (42,436) (89,540) (44,960)
Income from legal settlement 50,000 0 50,000 0
Total Other Expense (187,869) (175,543) (375,465) (283,060)
Loss Before Income Taxes (1,332,629) (797,468) (2,284,439) (8,363,177)
Provision for Income Taxes 0 0 0 0
Net Loss $ (1,332,629) $ (797,468) $ (2,284,439) $ (8,363,177)
Net Loss per Common Share Basic and Diluted $ (0.01) $ (0.01) $ (0.02) $ (0.08)
Weighted Average Number of Common Shares Outstanding 123,014,772 111,149,698 122,863,872 107,689,883
v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash Flows From Operating Activities:    
Net loss $ (2,284,439) $ (8,363,177)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 339 673
Stock issued for services 130,966 244,800
Warrant Expense 0 6,769,562
Amortization of debt discount 89,540 44,960
Changes in assets and liabilities:    
Prepaid expenses (1,197) 30,549
Accounts payable and accrued expenses 687,924 509,562
Net Cash Used In Operating Activities (1,376,867) (763,071)
Cash Flow From Investing Activities:    
Cash paid to TetriDyn Solutions, Inc. 0 4,512
Assets under construction (30,000) (42,853)
Cash paid to TetriDyn Solutions, Inc. 0 (49,773)
Net Cash Used In Investing Activities (30,000) (88,114)
Cash Flows From Financing Activities:    
Repayment of due to related party 0 (36,822)
Repayment of notes payable - related party (53,500) (25,000)
Repayment of notes payable (2,716) 0
Proceeds from note payable 489,156 0
Proceeds from convertible note payable 615,087 0
Proceeds from notes payable - related party 0 200,000
Proceeds from due to related party 0 50,000
Proceeds from issuance of common stock 0 45,000
Proceeds from exercise of warrants 9,095 748,535
Stock repurchased from related parties 0 (111,440)
Net Cash Provided by Financing Activities 1,057,122 870,273
Net (decrease) increase in cash and cash equivalents (349,745) 19,088
Cash and cash equivalents at beginning of year 425,015 7,495
Cash and Cash Equivalents at End of Period 75,270 26,583
Supplemental disclosure of cash flow information    
Cash paid for interest expense 25,812 13,160
Cash paid for income taxes 0 0
Supplemental disclosure of non-cash investing and financing activities:    
Debt discount on note payable 34,975 0
Convertible note payable - related party converted to common stock $ 0 $ 25,000