Quarterly report pursuant to Section 13 or 15(d)

Statements of Operations (Unaudited)

v3.5.0.2
Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Operating Expenses:        
General and administrative $ 896,724 $ 239,485 $ 3,283,321 $ 982,360
Research and development 0 0 1,495,348 0
Consulting services 0 2,073,806 4,411,069 3,082,251
Loss from Operations (896,724) (2,313,291) (9,189,738) (4,064,611)
Other Income (Expenses):        
Interest expense (855,379) (392,796) (1,810,695) (1,069,903)
Debt default and standstill expenses (166,394) 0 (1,673,200) 0
Gain (loss) on change in fair value of derivative liabilities 24,072,316 (42,244,917) 58,197,261 (50,896,732)
Total Other Income (Expenses) 23,050,543 (42,637,713) 54,713,366 (51,966,635)
Net Income (Loss) $ 22,153,819 $ (44,951,004) $ 45,523,628 $ (56,031,246)
Net income (loss) per share - basic (in Dollars per share) $ 0.28 $ (0.79) $ 0.62 $ (1.08)
Weighted average shares outstanding - basic (in Shares) 79,417,299 56,643,577 73,920,002 52,045,312
Net loss per share - diluted (in Dollars per share) $ (0.01) $ (0.79) $ (0.07) $ (1.08)
Weighted average shares outstanding - diluted (in Shares) 179,630,437 56,643,577 182,046,744 52,045,312