Financials

v3.10.0.1
Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current Assets    
Cash $ 15,328 $ 11,773
Total Current Assets 15,328 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 $2,000 34,000 0
Total Assets 49,328 11,773
Current Liabilities    
Accounts payable 1,343,050 2,268,507
Accrued liabilities 4,884,441 4,224,073
Notes payable 413,185 413,185
Notes payable – related party 51,600 50,000
Customer deposits – related party 100,000 100,000
Convertible debt, net of unamortized discounts – related party 5,146,481 4,551,227
Total Current Liabilities 11,938,757 11,606,992
Long-Term Liabilities    
Convertible debt, net of unamortized discounts – related party 1,631,950 1,493,558
Total Liabilities 13,570,707 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 257,308,161 255,321,698
Accumulated deficit (270,831,111) (268,411,964)
Total Stockholders’ Deficit (13,521,379) (13,088,777)
Total Liabilities and Stockholders’ Deficit $ 49,328 $ 11,773

Source

v3.10.0.1
Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Operating Expenses:        
General and administrative $ 747,080 $ 480,417 $ 1,144,654 $ 919,140
Research and development 174,523 177,300 224,724 177,300
Consulting services 40,545 6,505 50,570 10,583
Gain on settlement of accounts payable (320,669) 0 (320,669) (51,835)
Gain on sale of assets 0 0 (18,300) 0
Loss from Operations (641,479) (664,222) (1,080,979) (1,055,188)
Other Income (Expenses):        
Interest expense (396,467) (689,128) (1,338,168) (1,134,549)
Debt default, standstill, settlement and transfer expenses 0 (179,830) 0 (253,679)
Gain (loss) on change in fair value of derivative liabilities 0 (3,962,645) 0 4,825,687
Total Other Income (Expenses) (396,467) (4,831,603) (1,338,168) 3,437,459
Net Income (Loss) $ (1,037,946) $ (5,495,825) $ (2,419,147) $ 2,382,271
Net income (loss) per share - basic (in Dollars per share) $ (0.01) $ (0.04) $ (0.02) $ 0.02
Weighted average shares outstanding - basic (in Shares) 152,716,878 125,641,642 150,854,992 111,394,174
Net loss per share - diluted (in Dollars per share) $ (0.01) $ (0.04) $ (0.02) $ (0.01)
Weighted average shares outstanding - diluted (in Shares) 152,716,878 125,641,642 150,854,992 233,288,237

Source

v3.10.0.1
Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (2,419,147) $ 2,382,271
Adjustment to reconcile net (loss) income to net cash used in operating activities:    
Amortization of debt discounts 724,675 629,353
Gain on sale of assets (18,300) 0
Common stock issued for officer bonus 379,916 0
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) (51,835)
Debt issued for default and standstill fees 0 98,849
Amortization of lease asset 2,000 0
Changes in operating assets and liabilities:    
Decrease in accounts payable (604,788) (357,170)
Increase in accrued expenses 660,368 645,059
Net Cash Used in Operating Activities (1,562,645) (1,324,330)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for lease asset (36,000) 0
Proceeds from the sale of fixed assets 18,300 0
Net Cash Used in Investing Activities (17,700) 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on convertible debt, net of original issue discounts – related party 1,582,300 1,215,943
Borrowings on related party debt 1,600 130,010
Payments on related party debt 0 (30,000)
Payment on convertible debt 0 (25,000)
Net Cash Provided by Financing Activities 1,583,900 1,290,953
NET CHANGE IN CASH AND CASH EQUIVALENTS 3,555 (33,377)
CASH AND CASH EQUIVALENTS - beginning of period 11,773 100,444
CASH AND CASH EQUIVALENTS - end of period 15,328 67,067
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 1,292,822 0
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 54,237
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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