Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIT

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CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIT - USD ($)
Common Stock Shares
Common Stock Amount
Additional Paid in Capital
Accumulated Deficit
Total
Balance at Jan. 01, 2014 116,852,093 116,852 32,895,380 (42,606,092) (9,593,860)
Issuance of warrants to board of directors     $ 49,600   $ 49,600
Issuance of warrants for services     $ 56,779   $ 56,779
Issuance of common stock for services 616,667 617 81,883   82,500
Issuance of common stock pursuant to private placements 3,433,334 3,433 499,067   502,500
Common stock issued on conversion of 1% Convertible Debt 2,038,000 2,038 138,562   140,600
Common stock issued on conversion of 11% Convertible Debt 2,917,000 2,917 347,083   350,000
Exercise of common stock warrants 2,040,000 2,040 252,960   255,000
Discounts on convertible debentures     $ 40,537   $ 40,537
Reclassification of derivative liability     830,891   830,891
Warrants issued for financing costs     $ 114,091   $ 114,091
Common stock issued for financing costs 876,765 877 120,506   121,383
Net income       $ 680,811 $ 680,811
Balance. at Dec. 31, 2014 128,773,859 128,774 35,427,339 (41,925,281) (6,369,168)
Issuance of warrants to board of directors     $ 126,679   $ 126,679
Issuance of warrants for services     321,845   321,845
Issuance of warrants for services - related party     $ 16,053   $ 16,053
Issuance of common stock for services 961,539 962 75,190   76,151
Issuance of common stock pursuant to private placements. 970,000 970 47,530   48,500
Common stock issued on conversion of 1% Convertible Debt 100,000 100 (100)    
Common stock issued on conversion of 11% Convertible Debt 500,000 500 59,500   60,000
Discounts on issuance of convertible debentures     $ 1,916,501   $ 1,916,501
Warrants issued for financing costs     $ 21,150   $ 21,150
Common stock issued for financing costs 851,378 851 73,579   74,430
Net loss       $ (5,789,131) $ (5,789,131)
Balance at Dec. 31, 2015 132,156,776 132,157 38,085,266 (47,714,412) (9,496,990)