As Originally Reported

December 31,

2017

Effect of Change

December 31,

2017

As Revised

December 31,

2017

ASSETS

CURRENT ASSETS:

Cash

$

317,135

$

-

$

317,135

Prepaid Expenses

15,143

-

15,143

Total Current Assets

332,278

-

332,278

PROPERTY AND EQUIPMENT, NET

-

OTHER ASSETS

Deferred Finance Costs, net

3,877,801

(3,877,801)

(A)

-

TOTAL ASSETS

4,210,079

(3,877,801)

332,278

LIABILITIES AND STOCKHOLDERS’ DEFICIT

CURRENT LIABILITIES:

Accounts Payable

$

541,710

$

-

$

541,710

Due to Related Party

475,834

-

475,834

Loans Payable, Related Parties

394,019

-

394,019

Convertible Debentures Payable, less unamortized discounts and debt issuance costs of $0 and $0 at December 31, 2017- Originally, and December 31, 2017 - As Revised, respectively

1,490,000

-

1,490,000

Accrued Interest

1,649,240

-

1,649,240

Accrued Liabilities – Other

10,000

-

10,000

Total Current Liabilities

4,560,803

-

4,560,803

LONG TERM LIABILITIES:

Convertible Debentures Payable, less unamortized discounts and debt issuance costs of $458,072 and $4,335,873 at December 31, 2017- Originally, and December 31, 2017 - As Revised, respectively

15,953,768

(3,877,801)

(B)

12,075,967

TOTAL LIABILITIES

20,514,571

(3,877,801)

16,636,770

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS’ DEFICIT:

Common stock, $.001 par value, 700,000,000 shares authorized; 141,106,061 issued and outstanding at December 31, 2017

141,107

141,107

Additional Paid-In Capital

47,366,814

47,366,814

Accumulated deficit

(63,812,413)

(63,812,413)

Total Stockholders’ Deficit

(16,304,492)

-

(16,304,492)

TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT

$

4,210,079

$

(3,877,801)

$

332,278