XML 19 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statement of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities    
Net (loss) $ (124,192) $ (137,792)
Adjustments to reconcile net loss to net cash used in operations:    
Amortized Expense 8,280 5,778
(increase) decrease in operating assets and liabilities:    
Prepaid Expenses (2,379) (3,524)
Accrued Expenses 2,250
Accounts Payable (995) 20,968
Interest Payable 3,989 3,967
Net cash used by operating activities (113,047) (110,603)
Cash flows from financing activities    
Proceeds from Issuance of common stock for cash 110,000
Borrowing on debt with related party 116,000 23,000
Repayment to related party (10,000)
Net Cash provided by financing activities 116,000 123,000
Net change in cash 2,953 12,397
Cash, beginning of period 5,915 497
Cash, end of period 8,868 12,894
Supplementary Information    
Interest
Income Taxes
Non cash investing and financing activities    
Common stock issued for intellectual property licenses 100,772
Dividends on Preferred Series A stock (7,500) (50,000)
Forgiven related party accounts payable $ 29,350