Annual report pursuant to Section 13 and 15(d)

Statements of Operations

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