Financials

v3.7.0.1
Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current Assets    
Cash $ 62,700 $ 100,444
Total Current Assets 62,700 100,444
Total Assets 62,700 100,444
Current Liabilities    
Accounts payable 1,738,836 1,956,743
Accrued liabilities 4,331,668 3,878,460
Notes payable 463,185 463,185
Notes payable – related party 143,060 18,050
Convertible debt, net of unamortized discounts 774,419 1,397,222
Derivative liabilities 8,669,572 18,028,611
Total Current Liabilities 16,120,740 25,742,271
Long-Term Liabilities    
Convertible debt, net of unamortized discounts 5,474,385 5,253,262
Total Liabilities 21,595,125 30,995,533
Stockholders’ Deficit:    
Common stock, $0.00001 par value; 500,000,000 shares authorized, 111,614,695 and 101,068,451 shares issued and outstanding, respectively 1,116 1,011
Additional paid-in capital 237,186,575 235,702,112
Accumulated deficit (258,720,116) (266,598,212)
Total Stockholders' Deficit (21,532,425) (30,895,089)
Total Liabilities and Stockholders' Deficit $ 62,700 $ 100,444

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v3.7.0.1
Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Expenses:    
General and administrative $ 438,713 $ 871,939
Research and development 0 892,093
Consulting services 4,088 4,375,298
Loss from Operations (442,801) (6,139,330)
Other Income (Expenses):    
Interest expense (445,421) (390,737)
Debt extension and modification expense (22,014) (1,469,056)
Gain on change in fair value of derivative liabilities 8,788,332 21,974,032
Total Other Income (Expenses) 8,320,897 20,114,239
Net Income $ 7,878,096 $ 13,974,909
Net income per share - basic (in Dollars per share) $ 0.07 $ 0.25
Weighted average shares outstanding - basic (in Shares) 105,282,409 56,984,280
Net loss per share - diluted (in Dollars per share) $ 0.00 $ (0.05)
Weighted average shares outstanding - diluted (in Shares) 206,510,723 161,097,440

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v3.7.0.1
Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 7,878,096 $ 13,974,909
Adjustment to reconcile net income to net cash used in operating activities:    
Amortization of debt discounts 231,717 239,106
Shares issued for services 0 4,991,071
(Gain) loss on change in fair value of derivative liabilities (8,788,332) (21,974,032)
Loss on settlement of debt 0 1,442,308
Debt extension and modification expense 22,014 77,492
Changes in operating assets and liabilities:    
(Decrease) increase in accounts payable (166,072) 40,715
Increase (decrease) in accrued expenses 442,333 (281,638)
Net Cash Used in Operating Activities (380,244) (1,490,069)
CASH FLOWS FROM INVESTING ACTIVITIES: 0 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on convertible debt, net of original issue discounts 217,490 1,630,000
Borrowings on related party debt 130,010 0
Payments on related party debt (5,000) 0
Payments on convertible debt 0 (246,641)
Net Cash Provided by Financing Activities 342,500 1,383,359
NET CHANGE IN CASH AND CASH EQUIVALENTS (37,744) (106,710)
CASH AND CASH EQUIVALENTS - beginning of period 100,444 123,066
CASH AND CASH EQUIVALENTS - end of period 62,700 16,356
SUPPLEMENTAL DISCLOSURES:    
Cash paid for interest 0 37,499
Cash paid for income taxes 0 0
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Noncash Activity, Derivative Liabilities 721,178 1,177,721
Derivative liabilities recorded as debt discounts 150,471 0
Debt converted to common stock 763,390  
Common stock issued for conversion of debt 763,390 0
Accrued cash restructuring fees 10,875 33,000
Accrued Wages [Member]    
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Debt converted to common stock $ 0 $ 500,000

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