• Filing Date: 2018-04-17
  • Form Type: 10-K
  • Description: Annual report
v3.8.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 56,470 $ 193,933
Accounts receivable, net 18,576 0
Prepaid expenses and other current assets 17,638 5,590
Assets of discontinued operations 0 450,680
Total Current Assets 92,684 650,203
Property and equipment, net 0 9,187
Intangible assets, net 9,960 29,560
Other Assets 11,275 37,223
Total Assets 113,919 726,173
Current Liabilities:    
Accounts payable 458,280 418,719
Accrued expenses 735,431 1,150,564
Derivative liability 666,123 350,700
Note payables - Bank 54,644 0
Convertible promissory notes, net 3,149,498 10,832,275
Liabilities of discontinued operations 0 507,042
Total Current Liabilities 5,063,976 13,259,300
Total Liabilities 5,063,976 13,259,300
AAA Preferred Stock, $.0001 par value; 5,000,000 shares authorized 1,090,588 and zero shares issued and outstanding at December 31, 2017 and December 31, 2016, respectively 11,552,513 0
Commitments and contingencies
Stockholders' Deficit:    
Preferred Stock, $.0001 par value; 5,000,000 shares authorized, 240,000 and 240,000 shares issued and outstanding at December 31, 2017 and December 31, 2016, respectively 25 25
Common stock, $.0001 par value; 900,000,000 and 500,000,000 shares authorized; 198,375,600 and 99,020,103 shares issued and outstanding at December 31, 2017, and December 31, 2016, respectively 19,850 9,913
Additional paid-in capital 44,776,029 38,652,075
Accumulated other comprehensive loss 0 (13,047)
Accumulated deficit (61,298,474) (51,182,093)
Total Stockholders' Deficit (16,502,570) (12,533,127)
Total Liabilities and Stockholders' Deficit $ 113,919 $ 726,173