Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATED BALANCE SHEET

v2.4.1.9
CONDENSED CONSOLIDATED BALANCE SHEET (USD $)
Dec. 31, 2014
Dec. 31, 2013
CURRENT ASSETS:    
Cash $ 1,383us-gaap_Cash $ 493,104us-gaap_Cash
Prepaid Expenses 31,724us-gaap_PrepaidExpenseCurrent 72,122us-gaap_PrepaidExpenseCurrent
Miscellaneous Receivable 0us-gaap_AccountsAndOtherReceivablesNetCurrent 118,467us-gaap_AccountsAndOtherReceivablesNetCurrent
Deferred Finance Costs 0us-gaap_DeferredFinanceCostsNet 4,834us-gaap_DeferredFinanceCostsNet
Total Current Assets 33,107us-gaap_AssetsCurrent 688,527us-gaap_AssetsCurrent
PROPERTY AND EQUIPMENT, NET 68,750us-gaap_PropertyPlantAndEquipmentNet 1,392,126us-gaap_PropertyPlantAndEquipmentNet
OTHER ASSETS:    
Patent Applications Pending 0us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill 1,391,281us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill
Deposits 0us-gaap_DepositsAssetsNoncurrent 845us-gaap_DepositsAssetsNoncurrent
Total Other Assets 68,750us-gaap_OtherAssets 1,392,126us-gaap_OtherAssets
TOTAL ASSETS 101,857us-gaap_Assets 2,174,403us-gaap_Assets
CURRENT LIABILITIES:    
Accounts Payable 1,225,589us-gaap_AccountsPayableCurrent 483,208us-gaap_AccountsPayableCurrent
Loans Payable, Related Parties 141,014us-gaap_LoansPayable 0us-gaap_LoansPayable
Convertible Debentures Payable, less discount of $111,280 and $746,314 at December 31, 2013 and 2014 3,628,386us-gaap_ConvertibleDebtCurrent 1,619,319us-gaap_ConvertibleDebtCurrent
Derivative Liability 0us-gaap_DerivativeLiabilities 8,036,239us-gaap_DerivativeLiabilities
Accrued Liabilities 1,238,994us-gaap_AccruedLiabilitiesCurrent 738,686us-gaap_AccruedLiabilitiesCurrent
Total Current Liabilities 6,233,983us-gaap_LiabilitiesCurrent 10,877,452us-gaap_LiabilitiesCurrent
LONG TERM LIABILITIES:    
Convertible Debenture Payable, less discount of $2,159,189 and $1,047,958 at December 31, 2013 and 2014 237,042us-gaap_ConvertibleDebtNoncurrent 890,811us-gaap_ConvertibleDebtNoncurrent
Total Long Term Liabilities 237,042us-gaap_LiabilitiesNoncurrent 890,811us-gaap_LiabilitiesNoncurrent
TOTAL LIABILITIES 6,471,025us-gaap_Liabilities 11,768,263us-gaap_Liabilities
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS' DEFICIT:    
Common stock, $.001 par value, 200,000,000 shares authorized; 116,852,093 and 128,773,859 issued and outstanding at December 31, 2013 and 2014, respectively 128,774us-gaap_CommonStockValue 116,852us-gaap_CommonStockValue
Additional Paid-In Capital 35,427,339us-gaap_AdditionalPaidInCapital 32,895,380us-gaap_AdditionalPaidInCapital
Accumulated Deficit (41,925,281)us-gaap_RetainedEarningsAccumulatedDeficit (42,606,092)us-gaap_RetainedEarningsAccumulatedDeficit
Total Stockholders' Deficit (6,369,168)us-gaap_StockholdersEquity (9,593,860)us-gaap_StockholdersEquity
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 101,857us-gaap_LiabilitiesAndStockholdersEquity $ 2,174,403us-gaap_LiabilitiesAndStockholdersEquity