Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEET

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CONSOLIDATED BALANCE SHEET - USD ($)
Dec. 31, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash $ 16,589 $ 1,383
Prepaid Expenses 12,341 31,724
Total Current Assets 28,930 33,107
PROPERTY AND EQUIPMENT, NET 43,750 68,750
TOTAL ASSETS 72,680 101,857
CURRENT LIABILITIES:    
Accounts Payable 1,325,659 1,225,589
Loans Payable, Related Parties 337,107 141,014
Convertible Debentures Payable, less discount of $746,314 and $385,190 at December 31, 2014 and 2015, respectively 1,224,510 3,628,386
Accrued Liabilities 2,083,634 1,238,994
Total Current Liabilities 4,970,910 6,233,983
LONG TERM LIABILITIES:    
Convertible Debenture Payable, less discount of $1,047,958 and $1,458,741 at December 31, 2014 and 2015, respectively 4,598,759 237,042
Total Long Term Liabilities 4,598,759 237,042
TOTAL LIABILITIES $ 9,569,669 $ 6,471,025
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' DEFICIT:    
Common stock, $.001 par value, 300,000,000 shares authorized; 128,773,859 and 132,156,776 issued and outstanding at December 31, 2014 and 2015, respectively $ 132,157 $ 128,774
Additional Paid-In Capital 38,085,266 35,427,339
Accumulated Deficit (47,714,412) (41,925,281)
Total Stockholders' Deficit (9,496,989) (6,369,168)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 72,680 $ 101,857