Investor Relations

Financials

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash $ 11,068 $ 9,299
Total current assets: 11,068 9,299
Total assets 11,068 9,299
Current liabilities:    
Accounts payable 477,117 407,913
Accrued interest payable 41,213 28,770
Note payable, net of debt discount of $1,517 and $1,517, respectively 148,348 145,483
Note payable - related parties 16,000 16,000
Convertible note payable, net of debt discount of $7,233 and 0, respectively 145,767 121,000
Fair value of derivative liability - beneficial conversion feature 39,026 38,756
Deposit 132,971
Total current liabilities 867,471 890,893
Total liabilities 867,471 890,893
Stockholders' deficit:    
Preferred stock authorized 25,000,000 shares, $.0001 par value, no shares issued and outstanding at June 30, 2017 and December 31, 2016.
Common stock authorized 100,000,000 shares, $.0001 par value, 51,411,443 shares issued and outstanding at June 30, 2017 and December 31, 2016. 5,141 5,141
Additional paid-in capital 4,460,250 4,175,170
Accumulated deficit (5,321,794) (5,061,905)
Total stockholders' deficit (856,403) (881,594)
Total liabilities and stockholders' deficit $ 11,068 $ 9,299
v3.7.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
NET SALES
OPERATING EXPENSES:        
Professional fees 76,713 72,577 124,377 185,573
Stock based compensation 221,422 269,980 5,449
Selling, general, and administrative 13,611 9,571 23,802 12,273
Total Operating Expenses 311,746 82,148 418,159 203,295
Loss from operations (311,746) (82,148) (418,159) (203,295)
OTHER INCOME (EXPENSES):        
Other income 1,775
Interest expense (14,533) (11,938) (20,728) (30,430)
Changes in fair value of derivative 7,450 225,604 (270) 64,475
Gain on the sale of subsidiary 177,493
Total Other Income (Expense) (7,083) 213,666 158,270 34,045
NET INCOME (LOSS) APPLICABLE TO COMMON SHARES $ (318,829) $ 131,518 $ (259,889) $ (169,250)
NET LOSS PER BASIC AND DILUTED SHARES $ (0.01) $ (0.01)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC AND DILUTED 51,411,443 50,411,443 51,411,443 50,411,443
v3.7.0.1
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating Activities:    
Net loss $ (259,889) $ (169,250)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 269,980 5,449
Interest expense - note payable 12,443 15,942
Interest expense - amortization of convertible note discount 7,867 14,350
Changes in deposit balance (132,971)
Changes in fair value of convertible note 270 (64,475)
Accounts payable 69,204 135,807
Net cash used in operating activities (33,096) (62,177)
Financing Activities:    
Proceeds from issuance of note payable 2,865 26,983
Proceeds from issuance of convertible notes 32,000
Proceeds from deposit 24,990
Net cash provided by financing activities 34,865 51,973
Net increase(decrease) in cash 1,769 (10,204)
Cash, Beginning of period 9,299 15,563
Cash, End of period $ 11,068 $ 5,359