Financials

v3.10.0.1
Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current Assets    
Cash $ 25,745 $ 11,773
Total Current Assets 25,745 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 $8,000 28,000 0
Total Assets 53,745 11,773
Current Liabilities    
Accounts payable 1,149,467 2,268,507
Accrued liabilities 6,071,160 4,224,073
Customer deposit – related party 100,000 100,000
Notes payable – related parties 86,600 50,000
Notes payable, net of unamortized discounts 903,025 413,185
Convertible debt, net of unamortized discounts – related party 4,520,404 4,551,227
Total Current Liabilities 12,830,656 11,606,992
Long-Term Liabilities    
Convertible debt, net of unamortized discounts – related party 1,872,788 1,493,558
Total Liabilities 14,703,444 13,100,550
Stockholders’ Deficit    
Common stock, $0.00001 par value 500,000,000 shares authorized, 174,427,854 and 148,972,419 shares issued and outstanding, respectively 1,745 1,489
Additional paid-in capital 259,320,220 255,321,698
Accumulated deficit (273,971,664) (268,411,964)
Total Stockholders’ Deficit (14,649,699) (13,088,777)
Total Liabilities and Stockholders’ Deficit $ 53,745 $ 11,773

Source

v3.10.0.1
Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Operating Expenses:    
General and administrative $ 2,690,062 $ 2,004,082
Consulting services 88,349 21,326
Gain on sale of assets (18,300) 0
Gain on settlement of accounts payable (322,133) (529,132)
Research and development 307,151 2,197,437
Loss from Operations (2,745,129) (3,693,713)
Other Income (Expenses):    
Gain on change in fair value of derivative liabilities 0 4,620,866
Loss on extinguishment of debt 0 (27,430)
Interest expense (2,814,571) (2,487,226)
Debt default, standstill, settlement and transfer expenses 0 (226,249)
Total Other Income (Expenses) (2,814,571) 1,879,961
Net (loss) $ (5,559,700) $ (1,813,752)
Net (loss) per share - basic (in Dollars per share) $ (0.04) $ (0.01)
Weighted average common shares outstanding - basic (in Shares) 156,878,353 130,511,894
Net (loss) per share – diluted (in Dollars per share) $ (0.04) $ (0.02)
Weighted average common shares outstanding – diluted (in Shares) 156,878,353 235,437,542

Source

v3.10.0.1
Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (5,559,700) $ (1,813,752)
Adjustment to reconcile net loss to net cash used in operating activities:    
Amortization of debt discounts 1,546,009 1,324,265
Amortization of lease asset 8,000 0
Common stock issued for officer bonus 514,916 194,700
Common stock issued for consulting expense 33,300 127,400
Common stock issued for board of director services 8,000 0
Common stock issued for standstill fees 0 98,849
Gain on settlement of accounts payable (322,133) (529,132)
Gain on sale of assets (18,300) 0
Loss on extinguishment of debt 0 27,430
(Gain) loss on change in fair value of derivative liabilities 0 (4,620,866)
Changes in operating assets and liabilities:    
Customer deposits from related party 0 100,000
Increase in right to use assets (36,000) 0
Increase in accounts payable (796,908) 840,896
Increase in accrued expenses 1,847,087 1,267,939
Net Cash Used in Operating Activities (2,775,728) (2,982,271)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from the sale of fixed assets 18,300 0
Net Cash Provided by Investing Activities 18,300 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on debt, net of original issue discounts 482,500 0
Borrowings on related party convertible debt, net of face discounts and lender fees 2,284,800 2,836,680
Payments on convertible debt 0 (25,000)
Borrowings on related party debt 36,600 130,010
Payments on related party debt (32,500) (48,090)
Net Cash Provided by Financing Activities 2,771,400 2,893,600
NET CHANGE IN CASH AND CASH EQUIVALENTS 13,972 (88,671)
CASH AND CASH EQUIVALENTS - beginning of period 11,773 100,444
CASH AND CASH EQUIVALENTS - end of period 25,745 11,773
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 1,907,655 1,170,918
Noncash Activity, Debt Discounts 0 1,095,215
Third party convertible debt assigned to related party 0 907,100
Reclassification of derivatives to equity upon conversion 0 1,655,656
Reclassification of derivatives to equity upon release from tainting 0 12,847,304
Common stock issued 0 1,000,000
Accrued cash structuring fees 0 124,760
Stock Issued for Conversion of Related Party Debt and Accrued Interest [Member]    
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued for related party debt 1,534,907 1,705,679
Stock Issued for Debt and Accrued Interest [Member]    
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued 0 791,007
Stock Issued for Related Party Note [Member]    
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued for related party debt $ 0 $ 99,970

Source