Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows (Unaudited)

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Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 45,523,628 $ (56,031,246)
Adjustment to reconcile net income (loss) to net cash used in operating activities:    
Amortization of debt discounts 1,142,865 743,656
Loan default and standstill fees added to loan principal 77,492 326,244
Common stock issued for services 6,927,686 2,872,156
(Gain) loss on change in fair value of derivative liabilities (58,197,261) 50,896,732
Common stock issued for standstill fees 1,608,679 0
Changes in operating assets and liabilities:    
Increase in accounts payable 499,952 111,616
Increase in accrued expenses 387,843 442,262
Net Cash Used in Operating Activities (2,029,116) (638,580)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for construction in-process 0 (1,370,370)
Net Cash Used in Investing Activities 0 (1,370,370)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on convertible debt, net of original issue discounts 2,053,603 2,989,000
Borrowings on debt, net of original issue discounts 100,000 0
Borrowings on related party debt 32,450 50,000
Payments on related party debt (1,000) (47,200)
Payments on convertible debt (277,891) (879,303)
Net Cash Provided by Financing Activities 1,907,162 2,112,497
NET CHANGE IN CASH AND CASH EQUIVALENTS (121,954) 103,547
CASH AND CASH EQUIVALENTS - beginning of period 123,066 1,130
CASH AND CASH EQUIVALENTS - end of period 1,112 104,677
SUPPLEMENTAL DISCLOSURES:    
Cash paid for interest 37,499 25,752
Cash paid for income taxes 0 0
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Debt discounts due to derivative liabilities 1,975,986 2,970,258
Accrued interest transferred to debt 75,000 0
Derivative liability settled to additional paid-in capital 428,257 0
Accrued cash structuring fees 54,180 0
Common shares cancelled and reissued to third party 4 0
Interest expense capitalized to construction in progress 0 172,204
Common stock issued with debt 0 97,375
Accrued Wages [Member]    
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Debt converted to common stock 500,000 0
Convertible Note Principal and Interest [Member]    
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Debt converted to common stock $ 446,845 $ 50,000