Financials

v3.8.0.1
Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current Assets    
Cash $ 11,773 $ 100,444
Total Current Assets 11,773 100,444
Property, plant and equipment, net of accumulated depreciation of $1,019 and $1,019, respectively 0 0
Total Assets 11,773 100,444
Current Liabilities    
Accounts payable 2,268,507 1,956,743
Accrued liabilities 4,224,073 3,878,460
Customer deposit – related party 100,000 0
Notes payable – related parties 50,000 68,050
Notes payable 413,185 413,185
Convertible debt, net of unamortized discounts – related party 4,551,227 0
Convertible debt, net of unamortized discounts 0 1,397,222
Derivative liabilities 0 18,028,611
Total Current Liabilities 11,606,992 25,742,271
Convertible debt, net of unamortized discounts 0 80,886
Convertible debt, net of unamortized discounts – related party 1,493,558 5,172,376
Total Liabilities 13,100,550 30,995,533
Stockholders’ Deficit    
Common stock, $0.00001 par value 500,000,000 shares authorized, 148,972,419 and 101,068,451 shares issued and outstanding, respectively 1,489 1,011
Additional paid-in capital 255,321,698 235,702,112
Accumulated deficit (268,411,964) (266,598,212)
Total Stockholders’ Deficit (13,088,777) (30,895,089)
Total Liabilities and Stockholders’ Deficit $ 11,773 $ 100,444

Source

v3.8.0.1
Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Operating Expenses:    
General and administrative $ 2,004,082 $ 4,590,720
Consulting services 21,326 4,414,800
Gain on settlement of accounts payable (529,132) 0
Research and development 2,197,437 1,674,823
Loss from Operations (3,693,713) (10,680,343)
Other Income (Expenses):    
Gain on change in fair value of derivative liabilities 4,620,866 51,985,777
Loss on extinguishment of debt (27,430) (19,371)
Interest expense (2,487,226) (2,640,605)
Debt default, standstill, settlement and transfer expenses (226,249) (2,089,433)
Total Other Income (Expenses) 1,879,961 47,236,368
Net income (loss) $ (1,813,752) $ 36,556,025
Net income (loss) per share - basic (in Dollars per share) $ (0.01) $ 0.47
Weighted average common shares outstanding - basic (in Shares) 130,511,894 78,163,516
Net loss per share – diluted (in Dollars per share) $ (0.02) $ (0.09)
Weighted average common shares outstanding – diluted (in Shares) 235,437,542 185,473,774

Source

v3.8.0.1
Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (1,813,752) $ 36,556,025
Adjustment to reconcile net income (loss) to net cash used in operating activities:    
Amortization of debt discounts 1,324,265 1,776,565
Common stock issued for standstill fees 0 1,537,308
Common stock issued for services 0 7,140,115
Common stock issued for debt transfer fees 127,400 0
Stock-based compensation 194,700 616,071
Loan default and standstill fees added to loan principal 98,849 604,688
Gain on settlement of accounts payable (529,132) 0
Loss on extinguishment of debt 27,430 19,371
(Gain) loss on change in fair value of derivative liabilities (4,620,866) (51,985,777)
Changes in operating assets and liabilities:    
Increase in accounts payable 840,896 671,019
Customer deposits from related party 100,000 0
Increase in accrued expenses 1,267,939 741,486
Net Cash Used in Operating Activities (2,982,271) (2,323,129)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on debt, net of original issue discounts 0 150,000
Borrowings on convertible debt, net of original issue discounts 2,836,680 3,038,101
Payments on convertible debt (25,000) (905,644)
Borrowings on related party debt 130,010 37,500
Payments on related party debt (48,090) (19,450)
Net Cash Provided by Financing Activities 2,893,600 2,300,507
NET CHANGE IN CASH AND CASH EQUIVALENTS (88,671) (22,622)
CASH AND CASH EQUIVALENTS - beginning of period 100,444 123,066
CASH AND CASH EQUIVALENTS - end of period 11,773 100,444
SUPPLEMENTAL DISCLOSURES:    
Cash paid for interest 0 37,499
Cash paid for income taxes 0 0
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Beneficial conversion feature on convertible debt – related party 1,170,918 0
Noncash Activity, Debt Discounts 1,095,215 2,249,583
Third party convertible debt assigned to related party 907,100 0
Reclassification of derivatives to equity upon conversion 1,655,656 0
Reclassification of derivatives to equity upon release from tainting 12,847,304 2,239,513
Common stock issued 1,000,000 500,000
Accrued interest transferred to debt 0 75,000
Accrued cash structuring fees 124,760 60,680
Common shares cancelled and reissued to third party 0 4
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 1,705,679 1,287,973
Stock Issued for Debt and Accrued Interest [Member]    
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued 791,007 0
Stock Issued for Related Party Note [Member]    
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued for related party debt $ 99,970 $ 0

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