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Innovative Product Opportunities Inc. - Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Current Assets:    
Cash $ 594 $ 23
Accounts and sundry receivable, net 43,765 5,866
Prepaid expenses   5,575
TOTAL CURRENT ASSETS 44,359 11,464
Property and equipment, net 87 145
Total Assets 44,446 11,609
Current Liabilities:    
Accounts payable and accrued liabilities 286,983 190,148
Convertible notes, net [1] 366,413 365,012
Notes payable 62,726 47,969
Deferred revenue   10,288
Due to related party 18,976 19,688
Total Current Liabilities 735,098 633,105
TOTAL LIABILITIES $ 735,098 $ 633,105
Stockholders' Deficit    
Preferred stock [2]
Common stock [3] $ 233,355 $ 226,955
Stock payable 3,750 2,500
Additional paid-in capital 22,036,107 21,955,757
Accumulated deficit (22,963,864) (22,860,708)
TOTAL STOCKHOLDERS' DEFICIT (690,652) (621,496)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 44,446 $ 11,609
[1] Convertible notes, net of unamortized debt discount of $54,852 and $0, respectively.
[2] $0.001 par value; 1,000,000 shares authorized, 0 issued and outstanding
[3] $0.0001 par value; 3,000,000,000 shares authorized, 2,335,550,605 and 2,269,550,605 shares issued and outstanding, respectively.