XML 13 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 41,172 $ 290,847
Prepaid expenses and other 97,042 218,155
Total Current Assets 138,214 509,002
Property & equipment, net 9,845 11,049
Intangible assets, net 308,799 318,547
Total Assets 456,858 838,598
Current Liabilities:    
Convertible notes payable - short term, net (see Note 4) 5,036,979 4,349,449
Accounts payable 1,298,248 1,219,867
Derivative liabilities 1,992,776 1,526,060
Accrued expenses & other 1,583,583 1,603,605
Total Current Liabilities $ 9,911,586 $ 8,698,981
Commitments & Contingencies
Stockholders' Deficit:    
Preferred stock Series A; $0.001 par value, 3,500,000 shares designated 140,069 and 150,611 shares issued and outstanding at March 31, 2016 andDecember 31, 2015, respectively (preference in liquidation of $119,192 at March 31, 2016) $ 142 $ 152
Preferred stock Series B; $0.001 par value, 12,000,000 shares designated 5,382,071 shares issued and outstanding at March 31, 2016 and December 31, 2015 (preference in liquidation of $5,477,440 at March 31, 2016) 5,382 5,382
Common stock - Class A - $0.001 par value, 100,000,000 shares authorized, 33,219,792 and 32,908,503 shares issued and outstandingat March 31, 2016 and December 31, 2015, respectively 33,221 32,910
Additional paid-in capital 24,816,404 24,705,547
Accumulated deficit (34,309,877) (32,604,374)
Total Stockholders' Deficit (9,454,728) (7,860,383)
Total Liabilities and Stockholders' Deficit $ 456,858 $ 838,598