Financials

v3.10.0.1
Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current Assets    
Cash $ 3,259 $ 11,773
Total Current Assets 3,259 11,773
Property, plant and equipment, net of accumulated depreciation of $1,019 and $1,019, respectively 0 0
Right to use ground lease, net of accumulated amortization of $5,000 31,000 0
Total Assets 34,259 11,773
Current Liabilities    
Accounts payable 1,279,474 2,268,507
Accrued liabilities 5,350,809 4,224,073
Notes payable 420,685 413,185
Notes payable – related party 86,600 50,000
Customer deposits – related party 100,000 100,000
Convertible debt, net of unamortized discounts 151,123 0
Convertible debt, net of unamortized discounts – related party 5,484,060 4,551,227
Total Current Liabilities 12,872,751 11,606,992
Long-Term Liabilities    
Convertible debt, net of unamortized discounts – related party 1,703,905 1,493,558
Total Liabilities 14,576,656 13,100,550
Stockholders’ Deficit:    
Common stock, $0.00001 par value; 500,000,000 shares authorized, 157,147,854 and 148,972,419 shares issued and outstanding, respectively 1,571 1,489
Additional paid-in capital 257,358,827 255,321,698
Accumulated deficit (271,902,795) (268,411,964)
Total Stockholders’ Deficit (14,542,397) (13,088,777)
Total Liabilities and Stockholders’ Deficit $ 34,259 $ 11,773

Source

v3.10.0.1
Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Operating Expenses:        
General and administrative $ 342,339 $ 581,651 $ 1,486,993 $ 1,500,781
Research and development 8,019 626,131 232,743 803,431
Consulting services 3,972 3,031 54,542 13,624
Gain on sale of assets 0 0 (18,300) 0
Gain on settlement of accounts payable 0 (477,297) (320,669) (529,132)
Loss from Operations (354,330) (733,516) (1,435,309) (1,788,704)
Other Income (Expenses):        
Interest expense (717,354) (565,412) (2,055,522) (1,699,961)
Debt default, standstill, settlement and transfer expenses 0 0 0 (253,679)
Gain on litigation settlement 0 121,000 0 121,000
Gain (loss) on change in fair value of derivative liabilities 0 0 0 4,825,687
Total Other Income (Expenses) (717,354) (444,412) (2,055,522) 2,993,047
Net Income (Loss) $ (1,071,684) $ (1,177,928) $ (3,490,831) $ 1,204,343
Net income (loss) per share - basic (in Dollars per share) $ (0.01) $ (0.01) $ (0.02) $ 0.01
Weighted average shares outstanding - basic (in Shares) 157,147,854 148,713,486 152,975,664 124,340,215
Net loss per share - diluted (in Dollars per share) $ (0.01) $ (0.01) $ (0.02) $ (0.01)
Weighted average shares outstanding - diluted (in Shares) 157,147,854 148,713,486 152,975,664 221,446,478

Source

v3.10.0.1
Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (3,490,831) $ 1,204,343
Adjustment to reconcile net (loss) income to net cash used in operating activities:    
Amortization of debt discounts 1,075,998 956,321
Amortization of lease asset 5,000 0
Gain on sale of assets (18,300) 0
Common stock issued for officer bonus 379,916 194,700
Common stock issued for consulting expense 33,300 127,400
Gain on change in fair value of derivative liabilities 0 (4,825,687)
(Gain) loss on settlement of debt – related party 0 27,430
(Gain) loss on settlement of accounts payable (320,669) (529,132)
Gain on settlement of litigation 0 (121,000)
Debt issued for default and standstill fees 0 98,849
Changes in operating assets and liabilities:    
Increase in customer deposits 0 100,000
Increase in right to use assets (36,000) 0
Decrease in accounts payable (668,364) (152,545)
Increase in accrued expenses 1,126,736 945,765
Net Cash Used in Operating Activities (1,913,214) (1,973,556)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from the sale of fixed assets 18,300 0
Net Cash Used in Investing Activities 18,300 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on convertible debt, net of original issue discounts – related party 1,692,300 1,817,105
Borrowings on related party debt 36,600 130,010
Borrowings on notes payable 7,500 0
Borrowings on convertible debt, net of original issue discounts 150,000 0
Payments on related party debt 0 (40,000)
Payment on convertible debt 0 (25,000)
Net Cash Provided by Financing Activities 1,886,400 1,882,115
NET CHANGE IN CASH AND CASH EQUIVALENTS (8,514) (91,441)
CASH AND CASH EQUIVALENTS - beginning of period 11,773 100,444
CASH AND CASH EQUIVALENTS - end of period 3,259 9,003
SUPPLEMENTAL DISCLOSURES:    
Cash paid for interest 0 0
Cash paid for income taxes 0 0
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Beneficial conversion feature on convertible debt – related party 1,343,488 445,083
Noncash Activity, Derivative Liabilities 0 1,105,486
Reclassification of derivatives to equity upon conversion 0 1,655,656
Reclassification of derivatives to equity upon release from tainting 0 12,652,754
Accrued wages converted to common stock 0 1,000,000
Accrued cash restructuring fees 0 80,490
Stock Issued for Conversion of Related Party Debt [Member]    
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued for related party debt 280,507 1,936,687
Stock Issued for Settlement of Related Party Debt [Member]    
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued for related party debt $ 0 $ 99,970

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