Balance Sheet

v3.8.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash $ 317,135 $ 506,986
Prepaid Expenses 15,143 13,437
Total Current Assets 332,278 520,423
PROPERTY AND EQUIPMENT, NET 0 18,750
OTHER ASSETS:    
Deferred Finance Costs, net 3,877,801 198,119
TOTAL ASSETS 4,210,079 737,292
CURRENT LIABILITIES:    
Accounts Payable 541,710 666,365
Due to Related Party 475,834 319,234
Loans Payable, Related Parties 394,019 245,979
ConvertibleDebenturesPayable, less discount 1,490,000 6,886,710
Accrued Interest 1,649,240 2,659,574
Accrued Liabilities - Other 10,000 404,618
Total Current Liabilities 4,560,803 11,182,480
LONG TERM LIABILITIES:    
Total Long-Term Liabilities 15,953,768 3,176,047
TOTAL LIABILITIES 20,514,571 14,358,527
STOCKHOLDERS' DEFICIT:    
Common Stock, Value 141,107 136,745
Additional Paid-In Capital 47,366,814 40,016,059
Accumulated Deficit (63,812,413) (53,774,039)
Total Stockholders' Deficit (16,304,492) (13,621,235)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 4,210,079 737,292
Convertible Debentures Payable, less Discount $ 15,953,768 $ 3,176,047

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