Quarterly report pursuant to Section 13 or 15(d)

Statements of Operations (Unaudited)

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Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Operating Expenses:        
General and administrative $ 480,417 $ 1,538,626 $ 919,140 $ 2,410,565
Research and development 177,300 603,255 177,300 1,495,348
Consulting services 6,505 11,803 10,583 4,387,101
Gain on settlement of accounts payable 0 0 (51,835) 0
Loss from Operations (664,222) (2,153,684) (1,055,188) (8,293,014)
Other Income (Expenses):        
Interest expense (689,128) (564,579) (1,134,549) (955,316)
Debt default, standstill, settlement and transfer expenses (179,830) (37,750) (253,679) (1,506,806)
Gain (loss) on change in fair value of derivative liabilities (3,962,645) 12,150,913 4,825,687 34,124,945
Total Other Income (Expenses) (4,831,603) 11,548,584 3,437,459 31,662,823
Net Income (Loss) $ (5,495,825) $ 9,394,900 $ 2,382,271 $ 23,369,809
Net income (loss) per share - basic (in Dollars per share) $ (0.04) $ 0.13 $ 0.02 $ 0.33
Weighted average shares outstanding - basic (in Shares) 125,641,642 72,271,121 111,394,174 71,141,149
Net loss per share - diluted (in Dollars per share) $ (0.04) $ (0.01) $ (0.01) $ (0.06)
Weighted average shares outstanding - diluted (in Shares) 125,641,642 176,078,292 233,288,237 175,035,795