Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (March 31, 2018 unaudited)

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Condensed Consolidated Balance Sheets (March 31, 2018 unaudited) - USD ($)
Mar. 31, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash $ 98,136 $ 317,135
Prepaid Expenses 89,191 15,143
Total Current Assets 187,327 332,278
PROPERTY AND EQUIPMENT, NET 0 0
OTHER ASSETS:    
Deferred Finance Costs, net 2,599,769 3,877,801
TOTAL ASSETS 2,787,096 4,210,079
CURRENT LIABILITIES:    
Accounts Payable 1,131,647 541,710
Due to Related Party 502,834 475,834
Loans Payable, Related Parties 549,019 394,019
ConvertibleDebenturesPayable, less discount 1,490,000 1,490,000
Accrued Interest 2,147,907 1,649,240
Accrued Liabilities - Other 20,000 10,000
Total Current Liabilities 5,841,407 4,560,803
LONG TERM LIABILITIES:    
Total Long Term Liabilities 16,505,001 15,953,768
TOTAL LIABILITIES 22,346,408 20,514,571
STOCKHOLDERS' DEFICIT:    
Common Stock, Value 141,286 141,107
Additional Paid-In Capital 47,957,989 47,366,814
Accumulated deficit (67,658,587) (63,812,413)
Total Stockholders' Deficit (19,559,312) (16,304,492)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 2,787,096 4,210,079
Convertible Debentures Payable, less Discount $ 16,505,001 $ 15,953,768