Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash $ 23,942 $ 55,533
Prepaid expenses and other current assets 171,000 247,321
Total current assets 194,942 302,854
Property Plant and Equipment, net 8,444 15,825
Total assets 203,386 318,679
Current Liabilities    
Accounts payable and accrued expenses 4,674,087 4,727,247
Short term advances 6,973 5,823
Notes payable, net of discounts of $925,970 as of June 30, 2017 and $1,145,849 as of December 31, 2016 2,199,211 1,878,107
Notes payable - related parties 170,000 170,000
Derivative liability 2,141,590 1,927,752
Current portion of long term loan 10,465 12,395
Total current liabilities 9,202,326 8,721,324
Long term loan 4,221
Acquisition payable 155,000 155,000
Total liabilities 9,357,326 8,880,545
COMMITMENTS AND CONTINGENCIES
Shareholders' deficit    
Super AA super voting preferred stock, $0.0001 par value; 1,000,000 authorized and 1,000 issued and outstanding
Series B convertible preferred stock, $0.0001 par value; 50,000 shares authorized, 0 shares issued and outstanding at June 30, 2017 and December 31, 2016
Common stock, $.0001 par value; 500,000,000 shares authorized; 244,169,211 and 134,336,637 shares issued and outstanding as of June 30, 2017 and December 31, 2016 24,416 13,434
Additional paid-in capital 15,116,984 9,800,553
Stock subscriptions (14,070) (1,570)
Accumulated deficit (24,281,270) (18,374,283)
Total shareholders' deficit (9,153,940) (8,561,866)
Total liabilities and shareholders' deficit $ 203,386 $ 318,679