Consolidated Balance Sheets - USD ($)
|
Jun. 30, 2017 |
Dec. 31, 2016 |
| Current Assets |
|
|
| Cash |
$ 63,872
|
$ 256,302
|
| Accounts receivable, net |
8,298
|
9,661
|
| Accounts receivable, related party |
49,720
|
|
| Finance deposit |
|
25,000
|
| Prepaid expenses and other current assets |
3,333
|
48,091
|
| Related party receivable |
36,000
|
36,000
|
| Assets from discontinued operations |
|
225,884
|
| Total current assets |
161,223
|
600,938
|
| License fee, net of accumulated amortization |
76,389
|
118,056
|
| Total assets |
237,612
|
718,994
|
| Current liabilities |
|
|
| Bank overdraft |
|
7
|
| Accounts payable and accrued liabilities |
1,564,243
|
1,330,789
|
| Dividends payable |
30,000
|
30,000
|
| Deferred revenue |
735,914
|
715,642
|
| Loan payable |
75,000
|
75,000
|
| Convertible notes payable, net of discounts and debt issue costs |
1,135,985
|
1,076,302
|
| Derivative liability |
2,959,240
|
1,210,281
|
| Related party payable |
3,055,453
|
3,155,995
|
| Notes payable, current |
25,000
|
|
| Interest payable, related party |
|
13,321
|
| Notes payable, related party |
|
280,000
|
| Liabilities from discontinued operations |
|
2,436,720
|
| Total current liabilities |
9,580,835
|
10,324,057
|
| Commitments and contingencies (Note 11) |
|
|
| Stockholders' Deficit |
|
|
| Preferred stock, value |
|
|
| Common stock, authorized 360,000,000 shares, $0.001 par value, 280,326,474 and 249,225,683 issued and outstanding as of June 30, 2017 and December 31, 2016, respectively |
280,327
|
249,226
|
| Additional paid in capital |
6,115,812
|
6,791,750
|
| Accumulated deficit |
(15,125,038)
|
(13,499,303)
|
| Total Next Group Holdings, Inc. stockholders' deficit |
(8,718,899)
|
(6,448,327)
|
| Non-controlling interest in subsidiaries |
(624,324)
|
(3,156,736)
|
| Total liabilities and stockholders' deficit |
237,612
|
718,994
|
| Series B Preferred Stock |
|
|
| Stockholders' Deficit |
|
|
| Preferred stock, value |
$ 10,000
|
$ 10,000
|