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 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Operating Expenses:        
General and administrative $ 581,651 $ 896,724 $ 1,500,781 $ 3,283,321
Research and development 626,131 0 803,431 1,495,348
Consulting services 3,031 0 13,624 4,411,069
Gain on settlement of accounts payable (477,297) 0 (529,132) 0
Loss from Operations (733,516) (896,724) (1,788,704) (9,189,738)
Other Income (Expenses):        
Interest expense (565,412) (855,379) (1,699,961) (1,810,695)
Debt default, standstill, settlement and transfer expenses 0 (166,394) (253,679) (1,673,200)
Gain on litigation settlement 121,000 0 121,000 0
Gain (loss) on change in fair value of derivative liabilities 0 24,072,316 4,825,687 58,197,261
Total Other Income (Expenses) (444,412) 23,050,543 2,993,047 54,713,366
Net Income (Loss) $ (1,177,928) $ 22,153,819 $ 1,204,343 $ 45,523,628
Net income (loss) per share - basic (in Dollars per share) $ (0.01) $ 0.28 $ 0.01 $ 0.62
Weighted average shares outstanding - basic (in Shares) 148,713,486 79,417,299 124,340,215 73,920,002
Net loss per share - diluted (in Dollars per share) $ (0.01) $ (0.01) $ (0.01) $ (0.07)
Weighted average shares outstanding - diluted (in Shares) 148,713,486 179,630,437 221,446,478 182,046,744