Composition of Certain Balance Sheet Accounts

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

Composition of Certain Balance Sheet Accounts

NOTE 4 – COMPOSITION OF CERTAIN BALANCE SHEET ACCOUNTS

Property and Equipment

Property and equipment consist of the following:

	December 31, 2017			December 31, 2016
Office equipment		53,361			53,361
Furniture and fixtures		28,962			28,962
Property and equipment - Gross		82,323			82,323
Accumulated depreciation		(82,323	)		(82,323	)
Property and equipment - Net of depreciation	$	-		$	-

On December 29, 2016, the Company sold the Lancaster land for a total sale price of $195,000 and net proceeds of $175,328 to the Company.

Depreciation expense for the years ended December 31, 2017 and 2016 was $0 and $275, respectively.

Accrued liabilities

	December 31, 2017		December 31, 2016
Payroll and related benefits	$	822,077	$	1,345,208
Accrued interest		63,977		52,017
Convertible accounts payable and accrued liabilities (1)		986,045		-
Accrued interest – related party		98,985		61,709
Other		127,414		90,266
Total	$	2,098,498	$	1,549,200

(1) Accounts payable and accrued payroll liabilities that are part of the 3a10 transaction with Tarpon Bay.