Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIENCY {Stockholders' Equity}

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CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIENCY {Stockholders' Equity} - USD ($)
Common Stock Shares
Common Stock Amount
Additional Paid in Capital
Accumulated Deficit
Total
Balance at Jan. 01, 2015 128,773,859 128,774 35,427,339 (41,925,281) (6,369,168)
Issuance of warrants to board of directors   $ 0 $ 126,679 $ 0 $ 126,679
Issuance of warrants for services   0 321,845 0 321,845
Issuance of warrants for services - related party   $ 0 $ 16,053 $ 0 $ 16,053
Issuance of common stock for services 961,539 962 75,190 0 76,151
Issuance of common stock and warrants pursuant to private placements 970,000 970 47,530 0 48,500
Common stock issued on conversion of 1% Convertible Debt 100,000 100 (100) 0 0
Common stock issued on conversion of 11% Convertible Debt 500,000 500 59,500 0 60,000
Discounts on issuance of convertible debentures   $ 0 $ 1,916,501 $ 0 $ 1,916,501
Warrants issued for financing costs   $ 0 $ 21,150 $ 0 $ 21,150
Common stock issued for financing costs 851,378 851 73,579 0 74,430
Net income   $ 0 $ 0 $ (5,789,131) $ (5,789,131)
Balance at Dec. 31, 2015 132,156,776 132,157 38,085,266 (47,714,412) (9,496,989)
Issuance of warrants to board of directors   $ 0 $ 69,712 $ 0 $ 69,712
Issuance of warrants for services   0 1,116,444 0 1,116,444
Issuance of warrants for services - related party   $ 0 $ 15,601 $ 0 $ 15,601
Issuance of common stock for services 3,500,000 3,500 171,500 0 175,000
Discounts on issuance of convertible debentures   $ 0 $ 106,693 $ 0 $ 106,693
Warrants issued for financing costs   $ 0 $ 99,931 $ 0 $ 99,931
Common stock issued for financing costs 1,088,571 1,088 70,912 0 72,000
Net loss   $ 0 $ 0 $ (6,059,627) $ (6,059,627)
Balance at Dec. 31, 2016 136,745,347 136,745 40,016,059 (53,774,039) (13,621,235)