Balance Sheets - USD ($)
|
Dec. 31, 2016 |
Dec. 31, 2015 |
| Current assets: |
|
|
| Cash |
$ 27,889
|
$ 179,032
|
| Prepaid expenses |
11,990
|
26,211
|
| Inventory |
0
|
8,475
|
| Total current assets |
39,879
|
213,718
|
| Fixed assets, net of accumulated depreciation |
1,473
|
4,420
|
| Other assets: |
|
|
| License fees, net of amortization |
0
|
0
|
| Patents and intellectual property |
0
|
35,482
|
| Deposits |
644
|
644
|
| Total other assets |
644
|
36,126
|
| Total assets |
41,996
|
254,264
|
| Current liabilities: |
|
|
| Accounts payable and accrued expenses |
1,137,086
|
1,182,112
|
| Related party accounts payable |
109,718
|
102,647
|
| Accrued interest payable |
114,755
|
229,246
|
| Payroll liabilities payable |
499,502
|
298,900
|
| Convertible notes payable, net |
544,508
|
1,788,384
|
| Derivative liability |
324,532
|
4,235,016
|
| Related party promissory note |
332,195
|
1,280,450
|
| Liability for lack of authorized shares |
0
|
852,091
|
| Total current liabilities |
3,062,296
|
9,968,846
|
| Total liabilities |
3,062,296
|
9,968,846
|
| Commitments and contingencies |
|
|
| MEZZANINE EQUITY |
|
|
| Preferred stock, $.001 par value, 20,000,000 shares of authorized Series A preferred stock, $.001 par value, 2,5005,000 ,000 Series A shares authorized; 3,773,592 and 1,627,000 - shares issued and outstanding, respectively |
14,144,571
|
4,617,052
|
| Total mezzanine equity |
14,144,571
|
4,617,052
|
| Stockholders’ equity (deficit): |
|
|
| Common stock, $.001 par value; 2,000,000,000 shares authorized; 31,743,797 and 19,969,341 shares issued and outstanding, respectively |
31,744
|
19,969
|
| Paid in capital |
40,672,825
|
33,662,942
|
| Accumulated deficit |
(57,869,440)
|
(48,014,545)
|
| Total stockholders’ equity (deficit) |
(17,164,871)
|
(14,331,634)
|
| Total liabilities and stockholders’ equity (deficit) |
$ 41,996
|
$ 254,264
|