CONSOLIDATED BALANCE SHEETS (Unaudited for March 31, 2018) - USD ($)
|
Mar. 31, 2018 |
Dec. 31, 2017 |
| Current assets: |
|
|
|
| Cash and equivalents |
|
$ 0
|
$ 37,771
|
| Accounts receivable |
|
181,623
|
196,030
|
| Accrued receivables |
|
73,402
|
10,378
|
| Prepaid expenses and deposits |
|
20,934
|
24,628
|
| Total current assets |
|
275,959
|
268,807
|
| Fixed assets: |
|
|
|
| Machinery and equipment, net |
|
101,441
|
114,677
|
| Security deposit |
|
32,850
|
32,850
|
| Fixed assets of discontinued operations |
|
2,782
|
2,782
|
| Total fixed assets |
|
137,073
|
150,309
|
| Total assets |
|
413,032
|
419,116
|
| Current liabilities: |
|
|
|
| Cash overdraft |
|
62,027
|
0
|
| Accounts payable and accrued liabilities |
|
529,382
|
642,059
|
| Notes payable |
|
90,761
|
110,225
|
| Notes payable - related parties |
|
385,846
|
419,846
|
| Convertible notes payable, net of unamortized discount |
|
518,157
|
359,953
|
| Convertible notes payable - related parties, net of unamortized discount |
|
1,068,151
|
1,057,726
|
| Current portion of long-term debt |
|
4,284
|
2,121
|
| Current liabilities of discontinued operations |
|
0
|
1,335
|
| Derivative liabilities |
|
3,367,046
|
1,879,930
|
| Total current liabilities |
|
6,025,654
|
4,473,195
|
| Long-term liabilities: |
|
|
|
| Long-term debt |
|
3,651
|
6,518
|
| Total non-current liabilities |
|
3,651
|
6,518
|
| Total liabilities |
|
6,029,305
|
4,479,713
|
| Stockholders' deficit: |
|
|
|
| Preferred Stock |
|
20,000
|
20,000
|
| Common Stock |
|
137,249
|
128,348
|
| Common Stock, owed but not issued |
[1] |
13
|
13
|
| Additional paid-in capital |
|
5,970,803
|
5,417,266
|
| Accumulated deficit |
|
(11,744,338)
|
(9,626,224)
|
| Total stockholders' deficit |
|
(5,616,273)
|
(4,060,597)
|
| Total liabilities and stockholders' deficit |
|
$ 413,032
|
$ 419,116
|
|
|