Financials

v3.7.0.1
Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current Assets    
Cash $ 100,444 $ 123,066
Total Current Assets 100,444 123,066
Property, plant and equipment, net of accumulated depreciation of $1,019 and $1,019, respectively 0 0
Total Assets 100,444 123,066
Current Liabilities    
Accounts payable 1,956,743 1,285,724
Accrued liabilities 3,878,460 3,708,017
Notes payable – related parties 18,050 0
Notes payable – third parties 463,185 413,185
Convertible debt, net of unamortized discounts 1,397,222 1,131,873
Derivative liabilities 18,028,611 70,004,318
Total Current Liabilities 25,742,271 76,543,117
Long-Term Liabilities    
Convertible debt, net of unamortized discounts 5,253,262 4,473,414
Total Liabilities 30,995,533 81,016,531
Stockholders' Deficit    
Common stock, $0.00001 par value 500,000,000 shares authorized, 101,068,451 and 60,577,714 shares issued and outstanding, respectively 1,011 606
Additional paid-in capital 235,702,112 222,260,166
Accumulated deficit (266,598,212) (303,154,237)
Total Stockholders' Deficit (30,895,089) (80,893,465)
Total Liabilities and Stockholders' Deficit $ 100,444 $ 123,066

Source

v3.7.0.1
Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Operating Expenses:    
General and administrative $ 4,590,720 $ 1,291,326
Consulting services 4,414,800 3,438,368
Research and development 1,674,823 0
Impairment of construction in progress 0 5,970,319
Loss from Operations (10,680,343) (10,700,013)
Other Expenses:    
Gain (loss) on change in fair value of derivative liabilities 51,985,777 (61,084,036)
Loss on extinguishment of debt (19,371) (6,042,463)
Interest expense (2,640,605) (2,038,581)
Loan default and standstill expense (2,089,433) (466,890)
Total Other Income (Expenses) 47,236,368 (69,631,970)
Net income (loss) $ 36,556,025 $ (80,331,983)
Net income (loss) per share - basic (in Dollars per share) $ 0.47 $ (1.69)
Weighted average common shares outstanding - basic (in Shares) 78,163,516 47,550,817
Net income (loss) per share – diluted (in Dollars per share) $ (0.09) $ (1.69)
Weighted average common shares outstanding – diluted (in Shares) 185,473,774 47,550,817

Source

v3.7.0.1
Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 36,556,025 $ (80,331,983)
Adjustment to reconcile net income (loss) to net cash used in operating activities:    
Amortization of debt discounts 1,776,565 1,352,608
Impairment of construction in progress 0 5,970,319
Common stock issued for standstill fees 1,537,308  
Common stock issued for services 7,756,186 3,037,735
Loan default and standstill fees added to loan principal 604,688 466,890
Loss on extinguishment of debt 19,371 6,042,463
(Gain) loss on change in fair value of derivative liabilities (51,985,777) 61,084,036
Changes in operating assets and liabilities:    
Increase in accounts payable 671,019 265,254
Increase in accrued expenses 741,486 936,502
Net Cash Used in Operating Activities (2,323,129) (1,176,176)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for construction in-process 0 (2,585,171)
Net Cash Used in Investing Activities 0 (2,585,171)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on debt, net of original issue discounts 150,000 0
Payments on debt 0 (1,425,397)
Borrowings on convertible debt, net of original issue discounts 3,038,101 5,308,680
Payments on convertible debt (905,644) 0
Borrowings on related party debt 37,500 50,000
Payments on related party debt (19,450) (50,000)
Net Cash Provided by Financing Activities 2,300,507 3,883,283
NET CHANGE IN CASH AND CASH EQUIVALENTS (22,622) 121,936
CASH AND CASH EQUIVALENTS - beginning of period 123,066 1,130
CASH AND CASH EQUIVALENTS - end of period 100,444 123,066
SUPPLEMENTAL DISCLOSURES:    
Cash paid for interest 37,499 114,905
Cash paid for income taxes 0 0
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Noncash Activity, Debt Discounts 2,249,583 5,479,767
Common stock issued 500,000 0
Accrued interest transferred to debt 75,000 0
Accrued cash structuring fees 60,680 255,512
Common shares cancelled and reissued to third party 4 0
Interest expense capitalized to construction in progress 0 172,203
Common stock issued with debt 0 97,375
Noncash Activity, Derivative Liabilities 2,239,513 0
Stock Issued for Debt and Accrued Interest [Member]    
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued $ 1,287,973 $ 50,000

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