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Innovative Product Opportunities Inc. - Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current Assets:    
Cash $ 20,954 $ 23
Accounts and sundry receivable, net 4,122 5,866
Prepaid expenses   5,575
TOTAL CURRENT ASSETS 25,076 11,464
Property and equipment, net 29 145
Total Assets 25,105 11,609
Current Liabilities:    
Accounts payable and accrued liabilities 371,840 190,148
Convertible notes, net [1] 384,564 365,012
Notes payable 67,264 47,969
Deferred revenue   10,288
Due to related party 8,701 19,688
Total Current Liabilities 832,369 633,105
TOTAL LIABILITIES 832,369 633,105
Stockholders' Deficit    
Preferred stock [2]
Common stock [3] 243,355 226,955
Stock payable 5,000 2,500
Additional paid-in capital 22,056,108 21,955,757
Accumulated deficit (23,111,727) (22,860,708)
TOTAL STOCKHOLDERS' DEFICIT (807,264) (621,496)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 25,105 $ 11,609
[1] Convertible notes, net of unamortized debt discount of $36,701 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, 2,433,550,605 and 2,269,550,605 shares issued and outstanding, respectively.