Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEET

v3.5.0.2
CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
Sep. 30, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash $ 585,281 $ 16,589
Prepaid Expenses 29,257 12,341
Total Current Assets 614,538 28,930
PROPERTY AND EQUIPMENT, NET 25,000 43,750
OTHER ASSETS:    
Deferred Finance Costs, net 110,372 0
TOTAL ASSETS 749,910 72,680
CURRENT LIABILITIES:    
Accounts Payable 823,725 1,114,426
Due to Related Party 305,734 211,233
Loan Payable - Related Parties 339,422 337,107
Convertible Debenture Payable, less discount of $293,213 and $385,190 at September 30, 2016 and December 31, 2015 2,383,987 1,224,510
Accrued Liabilities 2,848,301 2,083,634
Total Current Liabilities 6,701,169 4,970,910
Convertible Debenture Payable, less discount of $522,129 and $1,458,741 at September 30, 2016 and December 31, 2015 6,817,871 4,598,759
Total Long term Liabilities 6,817,871 4,598,759
TOTAL LIABILITIES 13,519,040 9,569,669
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' DEFICIT:    
Common stock, $.001 par value, 300,000,000 shares authorized 136,616,776 and 132,156,776 issued and outstanding at September 30, 2016 and December 31, 2015 136,617 132,157
Additional Paid-In Capital 39,636,094 38,085,266
Accumulated deficit (52,541,841) (47,714,412)
Total Stockholders' Deficit (12,769,130) (9,496,989)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 749,910 $ 72,680