Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEET

v3.4.0.3
CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
Mar. 31, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash $ 259,229 $ 16,589
Prepaid Expenses 52,869 12,341
Total Current Assets 312,098 28,930
PROPERTY AND EQUIPMENT, NET 37,500 43,750
TOTAL ASSETS 349,598 72,680
CURRENT LIABILITIES:    
Accounts Payable 1,250,246 1,325,659
Loans Payable, Related Parties 337,922 337,107
Convertible Debenture Payable, less discount of $317,899 and $385,190 at March 31, 2016 and December 31, 2015, respectively 1,654,301 1,224,510
Accrued Liabilities 2,336,068 2,083,634
Total Current Liabilities 5,578,537 4,970,910
LONG TERM LIABILITIES:    
Convertible Debenture Payable, less discount of $1,808,381 and $1,458,741 at March 31, 2016 and December 31, 2015, respectively 4,886,619 4,598,759
Total Long Term Liabilities 4,886,619 4,598,759
TOTAL LIABILITIES $ 10,465,156 $ 9,569,669
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' DEFICIT:    
Common stock, $.001 par value, 300,000,000 shares authorized 132,674,276 and 132,156,776 issued and outstanding at March 31, 2016 and December 31, 2015 $ 132,675 $ 132,157
Additional Paid-In Capital 38,859,387 38,085,266
Accumulated deficit (49,107,620) (47,714,412)
Total Stockholders' Deficit (10,115,558) (9,496,989)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 349,598 $ 72,680