0001721868-17-000089.txt : 20171120 0001721868-17-000089.hdr.sgml : 20171120 20171120170308 ACCESSION NUMBER: 0001721868-17-000089 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 63 CONFORMED PERIOD OF REPORT: 20170930 FILED AS OF DATE: 20171120 DATE AS OF CHANGE: 20171120 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Kaya Holdings, Inc. CENTRAL INDEX KEY: 0001530746 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 900898007 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 333-177532 FILM NUMBER: 171214414 BUSINESS ADDRESS: STREET 1: 305 SOUTH ANDREWS AVENUE STREET 2: SUITE 209 CITY: FORT LAUDERDALE STATE: FL ZIP: 33301 BUSINESS PHONE: 954-5347895 MAIL ADDRESS: STREET 1: 305 SOUTH ANDREWS AVENUE STREET 2: SUITE 209 CITY: FORT LAUDERDALE STATE: FL ZIP: 33301 FORMER COMPANY: FORMER CONFORMED NAME: Alternative Fuels Americas, Inc. DATE OF NAME CHANGE: 20120125 FORMER COMPANY: FORMER CONFORMED NAME: Alternative Fuels America, Inc. DATE OF NAME CHANGE: 20110921 10-Q 1 kaya10q111517.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C.  20549

 

FORM 10-Q

 [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)

 OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the Quarterly Period September 30, 2017

OR

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

 

For the transition period from

__________to __________

 

Commission File No.: 333-177532

 

KAYA HOLDINGS, INC.  

(Exact name of registrant as specified in its charter) 

 

  

 

Delaware   90-0898007
(State or other jurisdiction of incorporation or organization)   (I.R.S. Employer Identification  Number)

  

888 S. Andrews Avenue

Suite 302

Ft. Lauderdale, Florida 33316

(Address of principal executive offices)

 

(954)-892-6911

(Issuer's telephone number)

 

305 S. Andrews Avenue, Suite 209, Ft. Lauderdale, Florida 33301

 Former Name or Former Address (If Changed Since Last Report)

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [ ] No [X]

  

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

 

  Large accelerated filer [ ] Accelerated filer [ ]
  Non-accelerated filer [ ] Smaller reporting company [X]

  Emerging growth company [X]

 

Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act.) Yes [ ] No [X]

 

As of November 17, 2017, the Issuer had 138,793,087 shares of its common stock outstanding.   

 

 
 

 

 

KAYA HOLDINGS, INC.

 

INDEX TO QUARTERLY REPORT ON FORM 10 Q

 

Part I – Financial Information Page
   
Item 1. Condensed Consolidated Financial Statements 1
  Condensed Consolidated Balance Sheet 1
  Condensed Consolidated Statements of Operation 3
  Condensed Consolidated Statements of Cash Flows 4
  Notes to Condensed Consolidated Financial Statements 6
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 30
Item 3. Quantitative and Qualitative Disclosures About Market Risk 56
Item 4. Controls and Procedures 56
   
Part II Other Information  
     
Item 1. Legal Proceedings 57
Item 1A. Risk Factors 57
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 58
Item 3. Defaults Upon Senior Securities 58
Item 4. Mine Safety Disclosures 58
Item 5. Other Information 59
Item 6. Exhibits 59
  Signatures 59

 

 

 
 

 

PART I- FINANCIAL INFORMATION  

Item 1. Financial Statements.    

Kaya Holdings, Inc. and Subsidiaries

Condensed Consolidated Balance Sheet

 

ASSETS
   (Unaudited)  (Audited)
   September 30, 2017  December 31, 2016
CURRENT ASSETS:          
Cash and equivalents  $285,603    306,884 
Inventory-Net of Allowance   150,936    83,997 
Prepaid Expenses   20,274    4,500 
Total Current Assets   456,813    395,381 
           
OTHER ASSETS:          
Property and equipment, net   893,385    192,964 
Land   506,076    —   
Deposits   81,597    122,024 
Total Other Assets   1,481,058    314,988 
           
Total Assets   1,937,871    710,369 
           
           
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)
           
CURRENT LIABILITIES:          
Accounts payable and accrued expense   543,537    506,601 
Accounts payable and accrued expense-related parties   13,586    18,586 
Accrued interest   234,023    142,853 
Notes Payable   89,131      
Notes Payable-Related Party   250,000    —   
Convertible Note Payable-related party-Net of Discount (50,455)   449,545    —   
Convertible Notes Payable-net of discount (21,545)   278,455    721,665 
Derivative liabilities   3,923,015    8,423,354 
Total Current Liabilities   5,781,291    9,813,059 
           
LONG TERM LIABILITIES:          
Convertible Note Payable-related party-Net of Discount   —      298,908 
Derivative liabilities   8,439,135    10,922,994 
Convertible Note Payable-Net of Discount  (2,415,596)   4,784,769    147,833 
Notes Payable   —      267,635 
Notes Payable-Related Party   —      250,000 
Total Long Term Liabilities   13,223,904    11,887,370 
           
Total Liabilities   19,005,195    21,700,429 
           

 

 1 

 

STOCKHOLDERS' EQUITY (DEFICIT):          
Convertible Preferred Stock, Series C, par value $.001; 10,000,000 shares authorized;          
49,900 and 49,900 issued and outstanding at September 30, 2017   50    50 
and December 31, 2016          
Common stock , par value $.001;  500,000,000 shares authorized;          
131,058,988 shares issued as of September 30, 2017 and          
  117,076,795 shares issued as of December 31, 2016   131,058    117,076 
Additional paid in capital   14,019,989    9,035,740 
Subscriptions payable   —      272,400 
Accumulated Deficit   (30,429,005)   (29,790,416)
Non-controlling Interest   (789,417)   (624,910)
Net Stockholders' Equity/(Deficit)   (17,067,325)   (20,990,060)
Total Liabilities and Stockholders' Equity/(Deficit)  $1,937,871   $710,369 

             

The accompanying notes are an integral part of these consolidated financial statements.  

 2 

 

             

Kaya Holdings, Inc. and Subsidiaries      

Condensed Consolidated Statements of Operations      

(Unaudited)      

 

   For the three  For the three  For the Nine  For the Nine
   months ended  months ended  Months Ended  Months Ended
   September 30, 2017  September 30, 2016  September 30, 2017  September 30, 2016
             
Net Sales  $320,950   $263,435   $667,601   $754,093 
                     
Cost of Sales   122,788    126,320    272,665    421,002 
                     
Gross Profit   198,162    137,115    394,936    333,091 
                     
Operating Expenses:                    
Professional Fees   166,150    815,508    523,551    1,205,293 
Salaries and Wages   131,762    65,358    311,253    216,691 
General and Administrative   367,975    109,417    911,598    338,073 
Total Operating Expenses   665,887    990,283    1,746,402    1,760,057 
                     
Operating Loss   (467,724)   (853,168)   (1,351,465)   (1,426,966)
                     
Other Income(expense):                    
Interest Expense   (115,552)   (45,982)   (260,295)   (195,968)
Legal Settlement   (247,500)   —      (247,500)   —   
Amortization of Debt discount   (569,497)   (405,530)   (1,678,899)   (978,208)
Derivative Liabilities Expense   (375,950)   —      (16,221,943)   (129,340)
Gain(Loss) on Extinguishment of Debt   —      —      (67,442)   (126,000)
Change in Derivative Liabilities Expense   1,260,200    181,986    22,114,526    1,895,657 
Total Other Income(Expense)   (48,299)   (269,526)   3,638,447    466,141 
                     
Net income (loss) before Income Taxes   (516,023)   (1,122,694)   2,286,982    (960,825)
                     
Provision for Income Taxes   —      —             
                     
Net income (loss)   (516,023)   (1,122,694)   2,286,982    (960,825)
                     
Net (Loss) attributed to non-controlling interest   62,878    (3,975)   (164,507)   (61,259)
                     
Net income (loss) attributed to Kaya Holdings, Inc.   (578,900)   (1,118,719)   2,451,489    (899,566)
                     
Basic and diluted net loss per common share  $(0.00)  $(0.01)  $0.02   $(0.01)
                     
Weighted average number of common shares outstanding   130,749,488    102,076,923    127,585,695    84,497,017 

 

* The accompanying notes are an integral part of these consolidated financial statements.                                

 3 

 

Kaya Holdings, Inc. and Subsidiaries

Consolidated Statement of Cash flows 

(Unaudited)

 

   For the Nine  For the Nine
   Months Ended  Months Ended
   September 30, 2017  September 30, 2016
OPERATING ACTIVITIES:          
Net Income/(Loss)  $2,286,982    (899,566)
Adjustments to reconcile net loss to net cash used in operating activities:          
Net loss attributable to non-controlling interest   (164,507)   (61,259)
Depreciation   54,403    59,964 
Imputed Interest   30,000    90,000 
Loss (Gain) on Extinguishment of Debt   67,442    126,000 
Derivative Expense   16,221,943    129,340 
Change in derivative liabilities   (22,114,526)   (1,895,656)
Amortization of debt discount   1,678,899    978,208 
Stock issued for services   —      659,650 
Stock issued as contribution   —      —   
Stock issued for interest   29,638    9,000 
Changes in operating assets and liabilities:          
Prepaid Expense   (15,774)   (14,000)
Inventory   (66,939)   40,915 
Rent Deposit   —      —   
Security Deposit   —      —   
Other assets   58,046    (45,943)
Accrued Interest   188,683    104,005 
Accounts payable and accrued expenses   40,582    142,382 
           
        Net cash used in operating activities   (1,705,128)   (576,960)
           
INVESTING ACTIVITIES:          
Purchase of property and equipment   (679,824)   (28,224)
Net cash used in investing activities   (679,824)   (28,224)
           
FINANCING ACTIVITIES:          
Proceeds from Convertible debt   2,500,000    325,000 
Payment on Convertible debt   (23,500)   —   
Proceeds from Notes Payable   —      150,000 
Payments on Note Payable   (112,829)   (52,578)
Proceeds from sales of common stock   —      100,000 
        Net cash provided by (used in) financing activities   2,363,671    522,422 
           

 4 

 

NET INCREASE IN CASH   (21,282)   (82,762)
           
CASH BEGINNING BALANCE   306,884    123,907 
           
CASH ENDING BALANCE  $285,803    41,145 
           
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:          
Taxes paid   —      —   
Interest paid   —      —   
           
NON-CASH TRANSACTIONS AFFECTING OPERATING, INVESTING          
   AND FINANCING ACTIVITIES:          
Value of common shares issued as payment of debt   95,680    104,727 
Value of common shares issued as payment of debt   190,575    —   
Value of common shares issued as payment of debt and interest   238,739    —   
Value of common shares issues as payment of interest   29,638    9,000 

 

The accompanying notes are an integral part of these consolidated financial statements.                

 5 

 

Kaya Holdings, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

September 30, 2017 (unaudited)

 

NOTE 1 – ORGANIZATION AND NATURE OF THE BUSINESS

 

Organization

 

Kaya Holdings, Inc., a Delaware corporation (the “Company” or “KAYS”), is a holding company. The Company was incorporated in 1993 and has engaged in a number of businesses. Its name was changed on May 11, 2007 to NetSpace International Holdings, Inc. (“NetSpace”). NetSpace acquired 100% of Alternative Fuels Americas, Inc, (a Florida corporation) in January 2010 in a stock-for-member interest transaction and issued 6,567,247 shares of common stock and 100,000 shares of Series C convertible preferred stock to existing shareholders. A Certificate of Amendment to the Certificate of Incorporation was filed in October 2010 changing the Company’s name from NetSpace International Holdings, Inc. to Alternative Fuels Americas, Inc. A Certificate of Amendment to the Certificate of Incorporation was filed in March 2015 changing the Company’s name from Alternative Fuels Americas, Inc. to Kaya Holdings, Inc.

 

The Company has three subsidiaries, Alternative Fuels Americas, Inc, a Florida corporation, which is wholly-owned, Marijuana Holdings Americas, Inc., a Florida corporation (“MJAI”), which is majority-owned and 34225 Kowitz Road, LLC, an Oregon limited liability company which holds the Company’s recently acquired 26 acre property in Lebanon, Oregon on which it plans to develop a legal cannabis cultivation and manufacturing facility. MJAI develops and operates the Company’s Kaya Shack™ legal cannabis retail operations in Oregon through controlling ownership interests in four Oregon limited liabilities companies: MJAI Oregon 1 LLC, MJAI Oregon 2 LLC, MJAI Oregon 3 LLC and MJAI Oregon 4 LLC.

 

Nature of the Business  

 

In January 2014, KAYS incorporated MJAI, a wholly-owned subsidiary, to focus on opportunities in the legal recreational and medical marijuana in the United States. MJAI has concentrated its efforts in Oregon, where through controlled Oregon limited liability companies, it initially secured licenses to operate a medical marijuana dispensary (an “MMD”) and following legalization of recreational cannabis use in Oregon, has secured licenses to operate three retail outlets (with the license application for a fourth outlet pending) and purchased 26 acres for development as a legal cannabis cultivation and manufacturing facility. The Company has developed the Kaya Shack™ brand for its retail operations.

 

On July 3, 2014, the Company opened its first Kaya Shack™ MMD in Portland, Oregon.  In April 2015, KAYS commenced its own medical marijuana grow operations for the cultivation and harvesting of legal marijuana thereby becoming the first publicly traded U.S. company to own a majority interest in a vertically integrated legal marijuana enterprise in the United States. In October 2015, concurrent with Oregon commencing legal sales of recreational marijuana through MMDs, KAYS opened its second retail outlet in Salem, Oregon, the Kaya Shack™ Marijuana Superstore. During 2015, the Company also consolidated its grow operations and manufacturing operations into a single facility in Portland, Oregon.

 

In 2016, Oregon began the process to transition legal marijuana sales from Oregon Health Authority (“OHA”) licensed MMDs and grow operations to Oregon Liquor Control Commission (“OLCC”) licensed recreational marijuana retailers and producer and processing facilities. Effective January 1, 2017, all retailers of recreational marijuana were required to have a recreational marijuana sales license issued by the OLLC for each retail outlet operated.

 

Accordingly, in 2016 the Company applied for OLLC licenses for its two initial Kaya Shack™ retail outlets (Portland, Oregon and South Salem, Oregon), and also submitted license applications for its two new locations under construction and development at that time.

 

In late December 2016, we received our OLCC recreational license for the South Salem Kaya Shack™ Marijuana Superstore (Kaya Shack™ OLCC Marijuana Retailer License #1) and recreational and medical sales continued without interruption from 2016 through the present at that location.

 

 On March 21, 2017, we received our North Salem Kaya Shack™ outlet (Kaya Shack™ OLCC Marijuana Retailer License #2) a 2,600-square foot Kaya Shack™ Marijuana Superstore in North Salem, Oregon, whereupon the location opened for business with both recreational and medical sales.

 6 

 

 

On May 2, 2017, we received our OLCC recreational license for our Portland Kaya Shack™ outlet (Kaya Shack™ OLCC Marijuana Retailer License #3) after a delay of approximately four months. During that period, we were limited to solely medical sales at the Portland location. Upon receipt of Kaya Shack™ OLCC Marijuana Retailer License #3, recreational sales recommenced at that location. Our OLCC License for the Central Salem Kaya Shack™ Marijuana Superstore (Kaya Shack™ OLCC Marijuana Retailer License #4) has been filed and is pending completion, inspection and final licensing.

 

During the third quarter of 2017, we purchased 26 acres in Lebanon, Oregon, for development as a legal cannabis cultivation and manufacturing facility.

 

NOTE 2 - LIQUIDITY AND GOING CONCERN

 

The Company’s consolidated financial statements as of and for the three and nine months ended September 30, 2017 have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. The Company incurred a net income of $2,436,271 for the nine months ended September 30, 2017 and a net loss of $899,566 for the nine months ended September 30, 2016. At September 30, 2017, the Company has a working capital deficiency of $5,147,348 and is totally dependent on its ability to raise capital. The Company has a plan of operations and acknowledges that its plan of operations may not result in generating positive working capital in the near future. Even though management believes that it will be able to successfully execute its business plan, which includes third-party financing and capital issuance, and meet the Company’s future liquidity needs, there can be no assurances in that regard. These matters raise substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the outcome of this material uncertainty. Management recognizes that the Company must generate additional funds to successfully develop its operations and activities. Management plans include:

 

  the sale of additional equity and debt securities,
  alliances and/or partnerships with entities interested in and having the resources to support the further development of the Company’s business plan,
  business transactions to assure continuation of the Company’s development and operations,
  development of a unified brand and the pursuit of licenses to operate recreational and medical marijuana facilities under the branded name.

  

NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION

 

Basis of Presentation

 

The accompanying consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) under the accrual basis of accounting.

 

Use of Estimates

 

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes.

 

Such estimates and assumptions impact both assets and liabilities, including but not limited to: net realizable value of accounts receivable and inventory, estimated useful lives and potential impairment of property and equipment, the valuation of intangible assets, estimate of fair value of share based payments and derivative liabilities, estimates of fair value of warrants issued and recorded as debt discount, estimates of tax liabilities and estimates of the probability and potential magnitude of contingent liabilities.

 

Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate could change in the near term due to one or more future non-conforming events. Accordingly, actual results could differ significantly from estimates.

 

Risks and Uncertainties

 

The Company’s operations are subject to risk and uncertainties including financial, operational, regulatory and other risks including the potential risk of business failure.  

 7 

 

The Company has experienced, and in the future expects to continue to experience, variability in its sales and earnings.  The factors expected to contribute to this variability include, among others, (i) the uncertainty associated with the commercialization and ultimate success of the product, (ii) competition inherent at other locations where product is expected to be sold (iii) general economic conditions and (iv) the related volatility of prices pertaining to the cost of sales. 

 

Fiscal Year

 

The Company’s fiscal year-end is December 31.

 

Principles of Consolidation

 

The consolidated financial statements include the accounts of Kaya Holdings, Inc. and its subsidiary, Alternative Fuels Americas, Inc. (a Florida corporation) and Marijuana Holdings Americas, Inc. (a Florida corporation) which is a majority owned subsidiary including all wholly owned LLC’s (MJAI Oregon 1 LLC, MJAI Oregon 2 LLC, MJAI Oregon 3 LLC, MJAI Oregon 4 LLC).  All inter-company accounts and transactions have been eliminated in consolidation.

 

Non-Controlling Interest

 

The company owns 55% of Marijuana Holdings Americas, Inc.

 

Cash and Cash Equivalents

 

Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less. The Company had no cash equivalents

 

Inventory

 

Inventory consists of finished goods purchased, which are valued at the lower of cost or market value, with cost being determined on the first-in, first-out method.  The Company periodically reviews historical sales activity to determine potentially obsolete items and also evaluates the impact of any anticipated changes in future demand.  Total Value of Finished goods inventory as of September 30, 2017 is $150,936 and $83,997 as of December 31, 2016. No allowance was necessary as of September 30, 2017 and December 31, 2016.

 

Property and Equipment

 

Property and equipment is stated at cost, less accumulated depreciation and is reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.  

 

Depreciation of property and equipment is provided utilizing the straight-line method over the estimated useful lives, ranging from 5-7 years of the respective assets. Expenditures for maintenance and repairs are charged to expense as incurred.

 

Upon sale or retirement of property and equipment, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in the statements of operations.

 

Long-lived assets

 

The Company reviews long-lived assets and certain identifiable intangibles held and used for possible impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In evaluating the fair value and future benefits of its intangible assets, management performs an analysis of the anticipated undiscounted future net cash flow of the individual assets over the remaining amortization period. The Company recognizes an impairment loss if the carrying value of the asset exceeds the expected future cash flows.

 

Operating Leases

 

We lease our retail stores under non-cancellable operating leases. Most store leases include tenant allowances from landlords, rent escalation clauses and/or contingent rent provisions. We recognize rent expense on a straight-line basis over the lease term, excluding contingent rent, and record the difference between the amount charged to expense and the rent paid as a deferred rent liability.

 8 

 

Deferred Rent and Tenant Allowances

 

Deferred rent is recognized when a lease contains fixed rent escalations. We recognize the related rent expense on a straight-line basis starting from the date of possession and record the difference between the recognized rental expense and cash rent payable as deferred rent. Deferred rent also includes tenant allowances received from landlords in accordance with negotiated lease terms. The tenant allowances are amortized as a reduction to rent expense on a straight-line basis over the term of the lease starting at the date of possession.

 

Earnings Per Share

 

In accordance with ASC 260, Earnings per Share, the Company calculates basic earnings per share by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted earnings per share are computed if the Company has net income; otherwise it would be antidilutive, and would result from the conversion of a convertible note.

 

Income Taxes

 

The Company accounts for income taxes in accordance with ASC 740, Accounting for Income Taxes, as clarified by ASC 740-10, Accounting for Uncertainty in Income Taxes.  Under this method, deferred income taxes are determined based on the estimated future tax effects of differences between the financial statement and tax basis of assets and liabilities given the provisions of enacted tax laws. Deferred income tax provisions and benefits are based on changes to the assets or liabilities from year to year. In providing for deferred taxes, the Company considers tax regulations of the jurisdictions in which the Company operates, estimates of future taxable income, and available tax planning strategies. If tax regulations, operating results or the ability to implement tax-planning strategies vary, adjustments to the carrying value of deferred tax assets and liabilities may be required. Valuation allowances are recorded related to deferred tax assets based on the “more likely than not” criteria of ASC 740.

 

ASC 740-10 requires that the Company recognize the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the “more-likely-than-not” threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority.

 

Fair Value of Financial Instruments

 

The Company measures assets and liabilities at fair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level.

 

The following are the hierarchical levels of inputs to measure fair value:

 

 

Level 1 – Observable inputs that reflect quoted market prices in active markets

for identical assets or liabilities.

 

Level 2 - Inputs reflect quoted prices for identical assets or liabilities in markets

that are not active; quoted prices for similar assets or liabilities in active

markets; inputs other than quoted prices that are observable for the assets

or liabilities; or inputs that are derived principally from or corroborated by

observable market data by correlation or other means.

 

Level 3 – Unobservable inputs reflecting the Company’s assumptions

incorporated in valuation techniques used to determine fair value.

These assumptions are required to be consistent with market participant

assumptions that are reasonably available.

 

 9 

 

The carrying amounts of the Company’s financial assets and liabilities, such as cash, prepaid expenses, other current assets, accounts payable & accrued expenses, certain notes payable and notes payable – related party, approximate their fair values because of the short maturity of these instruments.

 

The Company accounts for its derivative liabilities, at fair value, on a recurring basis under level 3. See Note 7.

 

Embedded Conversion Features

 

The Company evaluates embedded conversion features within convertible debt under ASC 815 “Derivatives and Hedging” to determine whether the embedded conversion feature(s) should be bifurcated from the host instrument and accounted for as a derivative at fair value with changes in fair value recorded in earnings. If the conversion feature does not require derivative treatment under ASC 815, the instrument is evaluated under ASC 470-20 “Debt with Conversion and Other Options” for consideration of any beneficial conversion feature.

 

Derivative Financial Instruments

 

The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of it financial instruments, including stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives.

 

For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported as charges or credits to income. For option-based simple derivative financial instruments, the Company uses the Black-Scholes option-pricing model to value the derivative instruments at inception and subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is re-assessed at the end of each reporting period.

 

Beneficial Conversion Feature

 

For conventional convertible debt where the rate of conversion is below market value, the Company records a "beneficial conversion feature" ("BCF") and related debt discount.

 

When the Company records a BCF, the relative fair value of the BCF is recorded as a debt discount against the face amount of the respective debt instrument (offset to additional paid in capital) and amortized to interest expense over the life of the debt.

 

Debt Issue Costs and Debt Discount

 

The Company may record debt issue costs and/or debt discounts in connection with raising funds through the issuance of debt.  These costs may be paid in the form of cash, or equity (such as warrants). These costs are amortized to interest expense over the life of the debt. If a conversion of the underlying debt occurs, a proportionate share of the unamortized amounts is immediately expensed.

 

Original Issue Discount

 

For certain convertible debt issued, the Company may provide the debt holder with an original issue discount.  The original issue discount would be recorded to debt discount, reducing the face amount of the note and is amortized to interest expense over the life of the debt.

 

Extinguishments of Liabilities

 

The Company accounts for extinguishments of liabilities in accordance with ASC 860-10 (formerly SFAS 140) “Accounting for Transfers and Servicing of Financial Assets and Extinguishment of Liabilities”. When the conditions are met for extinguishment accounting, the liabilities are derecognized and the gain or loss on the sale is recognized.

 10 

 

 

Stock-Based Compensation - Employees

 

The Company accounts for its stock based compensation in which the Company obtains employee services in share-based payment transactions under the recognition and measurement principles of the fair value recognition provisions of section 718-10-30 of the FASB Accounting Standards Codification. Pursuant to paragraph 718-10-30-6 of the FASB Accounting Standards Codification, all transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.  

 

The measurement date used to determine the fair value of the equity instrument issued is the earlier of the date on which the performance is complete or the date on which it is probable that performance will occur.  

 

If the Company is a newly formed corporation or shares of the Company are thinly traded, the use of share prices established in the Company’s most recent private placement memorandum (based on sales to third parties) (“PPM”), or weekly or monthly price observations would generally be more appropriate than the use of daily price observations as such shares could be artificially inflated due to a larger spread between the bid and asked quotes and lack of consistent trading in the market.

 

The fair value of share options and similar instruments is estimated on the date of grant using a Black-Scholes option-pricing valuation model.  The ranges of assumptions for inputs are as follows:

 

 

Expected term of share options and similar instruments: The expected life of options and similar instruments represents the period of time the option and/or warrant are expected to be outstanding. Pursuant to Paragraph 718-10-50-2(f)(2)(i) of the FASB Accounting Standards Codification the expected term of share options and similar instruments represents the period of time the options and similar instruments are expected to be outstanding taking into consideration of the contractual term of the instruments and employees’ expected exercise and post-vesting employment termination behavior into the fair value (or calculated value) of the instruments.  Pursuant to paragraph 718-10-S99-1, it may be appropriate to use the simplified method, i.e., expected term = ((vesting term + original contractual term) / 2), if (i) A company does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate expected term due to the limited period of time its equity shares have been publicly traded; (ii) A company significantly changes the terms of its share option grants or the types of employees that receive share option grants such that its historical exercise data may no longer provide a reasonable basis upon which to estimate expected term; or (iii) A company has or expects to have significant structural changes in its business such that its historical exercise data may no longer provide a reasonable basis upon which to estimate expected term. The Company uses the simplified method to calculate expected term of share options and similar instruments as the company does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate expected term.

 

 

Expected volatility of the entity’s shares and the method used to estimate it.  Pursuant to ASC Paragraph 718-10-50-2(f)(2)(ii) a thinly-traded or nonpublic entity that uses the calculated value method shall disclose the reasons why it is not practicable for the Company to estimate the expected volatility of its share price, the appropriate industry sector index that it has selected, the reasons for selecting that particular index, and how it has calculated historical volatility using that index.  The Company uses the average historical volatility of the comparable companies over the expected contractual life of the share options or similar instruments as its expected volatility.  If shares of a company are thinly traded the use of weekly or monthly price observations would generally be more appropriate than the use of daily price observations as the volatility calculation using daily observations for such shares could be artificially inflated due to a larger spread between the bid and asked quotes and lack of consistent trading in the market.

 

 

Expected annual rate of quarterly dividends.  An entity that uses a method that employs different dividend rates during the contractual term shall disclose the range of expected dividends used and the weighted-average expected dividends.  The expected dividend yield is based on the Company’s current dividend yield as the best estimate of projected dividend yield for periods within the expected term of the share options and similar instruments.

 

 

Risk-free rate(s). An entity that uses a method that employs different risk-free rates shall disclose the range of risk-free rates used.  The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for periods within the expected term of the share options and similar instruments.

 

 11 

 

Generally, all forms of share-based payments, including stock option grants, warrants and restricted stock grants and stock appreciation rights are measured at their fair value on the awards’ grant date, based on estimated number of awards that are ultimately expected to vest.

 

The expense resulting from share-based payments is recorded in general and administrative expense in the statements of operations.

 

Stock-Based Compensation – Non Employees

 

Equity Instruments Issued to Parties Other Than Employees for Acquiring Goods or Services

 

The Company accounts for equity instruments issued to parties other than employees for acquiring goods or services under guidance of Sub-topic 505-50 of the FASB Accounting Standards Codification (“Sub-topic 505-50”).

 

Pursuant to ASC Section 505-50-30, all transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.  The measurement date used to determine the fair value of the equity instrument issued is the earlier of the date on which the performance is complete or the date on which it is probable that performance will occur.  If the Company is a newly formed corporation or shares of the Company are thinly traded the use of share prices established in the Company’s most recent private placement memorandum (“PPM”), or weekly or monthly price observations would generally be more appropriate than the use of daily price observations as such shares could be artificially inflated due to a larger spread between the bid and asked quotes and lack of consistent trading in the market.

 

The fair value of share options and similar instruments is estimated on the date of grant using a Black-Scholes option-pricing valuation model.  The ranges of assumptions for inputs are as follows:

 

 

Expected term of share options and similar instruments: Pursuant to Paragraph 718-10-50-2(f)(2)(i) of the FASB Accounting Standards Codification the expected term of share options and similar instruments represents the period of time the options and similar instruments are expected to be outstanding taking into consideration of the contractual term of the instruments and holder’s expected exercise behavior into the fair value (or calculated value) of the instruments.  The Company uses historical data to estimate holder’s expected exercise behavior.  If the Company is a newly formed corporation or shares of the Company are thinly traded the contractual term of the share options and similar instruments is used as the expected term of share options and similar instruments as the Company does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate expected term.

 

 

Expected volatility of the entity’s shares and the method used to estimate it.  Pursuant to ASC Paragraph 718-10-50-2(f)(2)(ii) a thinly-traded or nonpublic entity that uses the calculated value method shall disclose the reasons why it is not practicable for the Company to estimate the expected volatility of its share price, the appropriate industry sector index that it has selected, the reasons for selecting that particular index, and how it has calculated historical volatility using that index.  The Company uses the average historical volatility of the comparable companies over the expected contractual life of the share options or similar instruments as its expected volatility.  If shares of a company are thinly traded the use of weekly or monthly price observations would generally be more appropriate than the use of daily price observations as the volatility calculation using daily observations for such shares could be artificially inflated due to a larger spread between the bid and asked quotes and lack of consistent trading in the market.

 

 

Expected annual rate of quarterly dividends.  An entity that uses a method that employs different dividend rates during the contractual term shall disclose the range of expected dividends used and the weighted-average expected dividends.  The expected dividend yield is based on the Company’s current dividend yield as the best estimate of projected dividend yield for periods within the expected term of the share options and similar instruments.

 

 

Risk-free rate(s). An entity that uses a method that employs different risk-free rates shall disclose the range of risk-free rates used.  The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for periods within the expected term of the share options and similar instruments.

 

 12 

 

Pursuant to ASC paragraph 505-50-25-7, if fully vested, non-forfeitable equity instruments are issued at the date the grantor and grantee enter into an agreement for goods or services (no specific performance is required by the grantee to retain those equity instruments), then, because of the elimination of any obligation on the part of the counterparty to earn the equity instruments, a measurement date has been reached. A grantor shall recognize the equity instruments when they are issued (in most cases, when the agreement is entered into). Whether the corresponding cost is an immediate expense or a prepaid asset (or whether the debit should be characterized as contra-equity under the requirements of paragraph 505-50-45-1) depends on the specific facts and circumstances.

 

Pursuant to ASC paragraph 505-50-45-1, a grantor may conclude that an asset (other than a note or a receivable) has been received in return for fully vested, non-forfeitable equity instruments that are issued at the date the grantor and grantee enter into an agreement for goods or services (and no specific performance is required by the grantee in order to retain those equity instruments). Such an asset shall not be displayed as contra-equity by the grantor of the equity instruments. The transferability (or lack thereof) of the equity instruments shall not affect the balance sheet display of the asset. This guidance is limited to transactions in which equity instruments are transferred to other than employees in exchange for goods or services. Section 505-50-30 provides guidance on the determination of the measurement date for transactions that are within the scope of this Subtopic.

 

Pursuant to Paragraphs 505-50-25-8 and 505-50-25-9, an entity may grant fully vested, non-forfeitable equity instruments that are exercisable by the grantee only after a specified period of time if the terms of the agreement provide for earlier exercisability if the grantee achieves specified performance conditions. Any measured cost of the transaction shall be recognized in the same period(s) and in the same manner as if the entity had paid cash for the goods or services or used cash rebates as a sales discount instead of paying with, or using, the equity instruments. A recognized asset, expense, or sales discount shall not be reversed if a share option and similar instrument that the counterparty has the right to exercise expires unexercised.

 

Pursuant to ASC paragraph 505-50-30-S99-1, if the Company receives a right to receive future services in exchange for unvested, forfeitable equity instruments, those equity instruments are treated as unissued for accounting purposes until the future services are received (that is, the instruments are not considered issued until they vest). Consequently, there would be no recognition at the measurement date and no entry should be recorded.

 

Revenue Recognition

  

Revenue is recorded when all of the following have occurred: (1) persuasive evidence of an arrangement exists, (2) asset is transferred to the customer without further obligation, (3) the sales price to the customer is fixed or determinable, and (4) collectability is reasonably assured.

 

Cost of Sales

 

Cost of sales represents costs directly related to the purchase of goods and third party testing of the Company’s products.

 

Related Parties

 

The Company follows subtopic 850-10 of the FASB Accounting Standards Codification for the identification of related parties and disclosure of related party transactions.

 

Pursuant to Section 850-10-20 the related parties include a. affiliates of the Company; b. Entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of Section 825–10–15, to be accounted for by the equity method by the investing entity; c. trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management; d. principal owners of the Company; e. management of the Company; f. other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and g. Other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests.

 

 13 

 

The consolidated financial statements shall include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. However, disclosure of transactions that are eliminated in the preparation of consolidated or combined financial statements is not required in those statements.

 

The disclosures shall include: a. the nature of the relationship(s) involved; b. a description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements; c. the dollar amounts of transactions for each of the periods for which income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period; and d. amounts due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement.

 

Contingencies

 

The Company follows subtopic 450-20 of the FASB Accounting Standards Codification to report accounting for contingencies. Certain conditions may exist as of the date the consolidated financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein.

 

If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed.

 

Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed. However, there is no assurance that such matters will not materially and adversely affect the Company’s business, consolidated financial position, and consolidated results of operations or consolidated cash flows.

 

 Uncertain Tax Positions

The Company did not take any uncertain tax positions and had no adjustments to its income tax liabilities or benefits pursuant to the provisions of Section 740-10-25 for the reporting periods ended December 31, 2016, 2015 and 2014.

 

 14 

 

Subsequent Events

 

The Company follows the guidance in Section 855-10-50 of the FASB Accounting Standards Codification for the disclosure of subsequent events. The Company will evaluate subsequent events through the date when the financial statements are issued.

  

Pursuant to ASU 2010-09 of the FASB Accounting Standards Codification, the Company as an SEC filer considers its financial statements issued when they are widely distributed to users, such as through filing them on EDGAR.

 

Recently Issued Accounting Pronouncements

 

In March 2016, the FASB issued ASU 2016-09, Stock Compensation, which is intended to simplify the accounting for share based payment award transactions. The new standard will modify several aspects of the accounting and reporting for employee share based payments and related tax accounting impacts, including the presentation in the statements of operations and cash flows of certain tax benefits or deficiencies and employee tax withholdings, as well as the accounting for award forfeitures over the vesting period. The guidance is effective for fiscal years beginning after December 15, 2016, including interim periods within that year, and will be adopted by the Company in the first quarter of fiscal 2017. The Company anticipates the new standard will result in an increase in the number of shares used in the calculation of diluted earnings per share and will add volatility to the Company’s effective tax rate and income tax expense. The magnitude of such impacts will depend in part on whether significant employee stock option exercises occur.

 

In April 2015, the FASB issued Accounting Standards Update No. 2015-03, Interest—Imputation of Interest (Topic 83530): Simplifying the Presentation of Debt Issuance Costs (“ASU 2015-03”). ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs is not affected by ASU 2015-03. ASU 2015-03 is effective for financial statements issued for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. 

 

In July 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory (“ASU 2015-11”), which applies guidance on the subsequent measurement of inventory. ASU 2015-11 states that an entity should measure inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonable predictable costs of completion, disposal and transportation. The guidance excludes inventory measured using last in, first out or the retail inventory method. ASU 2015-11 is effective for interim and annual reporting periods beginning after December 15, 2016. Early adoption is permitted. The Company is not planning to early adopt ASU 2015-11 and is currently evaluating ASU 2015-11 to determine the potential impact to its condensed consolidated financial statements and related disclosures.

 

 

In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842).” The ASU will increase transparency and comparability among entities by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The ASU will require lessees to recognize in the balance sheet a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. The ASU is effective for annual reporting periods beginning after December 15, 2018 and interim periods within those annual periods. We do not believe the adoption of this update will have a material impact on our financial statements.

 

In August 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (”ASU”) No. 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments.” This ASU includes specific guidance to address diversity in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The ASU is effective for annual reporting periods beginning after December 15, 2017 and interim periods within those annual periods. The Company does not expect the adoption of this ASU to have a significant impact on the consolidated financial statements. 

 

Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying financial statements.

 

 15 

 

Re-Classifications

 

Certain amounts in 2016 were reclassified to conform to the 2017 presentation. These reclassifications had no effect on consolidated net loss for the periods presented.

 

The fair value of the warrants on the date of issuance and on each re-measurement date of those warrants classified as liabilities is estimated using the Black-Scholes option pricing model using the following assumptions: contractual life according to the remaining terms of the warrants, no dividend yield, weighted average risk-free interest rate of 1.09% at September 30, 2017 and weighted average volatility of 130%. For this liability, the Company developed its own assumptions that do not have observable inputs or available market data to support the fair value. This method of valuation involves using inputs such as the fair value of the Company's various classes of preferred stock, stock price volatility, the contractual term of the warrants, risk free interest rates and dividend yields.

 

NOTE 4 – CONVERTIBLE DEBT

 

These debts have a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.”  The derivative component of the obligation are initially valued and classified as a derivative liability with an offset to discounts on convertible debt. Discounts have been amortized to interest expense over the respective term of the related note. In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.08 per share to $0.49 per share and a conversion price ranging from $0.03 per share to $0.12 per share. The total derivative liabilities associated with these notes are $12,362,150 at September 30, 2017 and $19,346,348 as of December 31, 2016.

 16 

 

See Summary Table – Page 17

 

Convertible Debt Summary
Footnote Number Debt Type Debt Classification Interest Rate Due Date  Ending
 Current  LT  09.30.17  12.31.16
               
A Convertible  X   10.0% 1-Jan-17  $25,000  $25,000
B Convertible    X 8.0% 1-Jan-19  65,700  58,556
C Convertible    X 8.0% 1-Jan-19  32,850  29,278
D Convertible    X 8.0% 1-Jan-19  209,047  186,316
F Convertible  X   8.0% Converted  -     117,113
G Convertible  X   8.0% Converted  -     117,113
H Convertible    X 8.0% Converted  -     55,895
I Convertible    X 8.0% Converted  -     67,074
J Convertible    X 8.0% Converted  -     23,442
K Convertible    X 8.0% Converted  -     23,442
L Convertible    X 8.0% 1-Jan-19  30,424  27,116
M Convertible    X 8.0% 1-Jan-19  131,236  116,966
N Convertible    X 8.0% 1-Jan-19  55,983  
O Convertible    X 8.0% 1-Jan-19  109,167  100,000
P Convertible    X 8.0% 1-Jan-19  52,767  
Q Convertible    X 8.0% 1-Jan-19  52,050  
R Convertible    X 8.0% 1-Jan-19  203,867  
S Convertible    X 8.0% 1-Jan-19  50,400  
T Convertible    X 8.0% 1-Jan-19  250,000  
V Convertible  X   8.0% 1-Jan-18  25,000  
W Convertible  X   8.0% 1-Jan-18  15,000  
X Convertible  X   8.0% 1-Jan-18  60,000  
Y Convertible  X   8.0% 1-Jan-18  50,000  
Z Convertible  X   8.0% Converted  -     25,000
AA Convertible  X   6.0% Converted  -     18,500
BB Convertible  X   10.0% 1-Jan-19  50,000  50,000
CC Convertible  X   10.0% 1-Jan-19  100,000  100,000
DD Convertible  X   10.0% 30-Nov-19  50,000  50,000
EE Convertible  X   0.0% 31-Dec-17  500,000  500,000
KK Convertible    X 8.0% 1-Jan-19  150,000  -   
LL Convertible    X 8.0% 1-Jan-19  600,000  -   
MM Convertible    X 8.0% 1-Jan-19  100,000  -   
NN Convertible    X 8.0% 1-Jan-19  500,000  -   
OO Convertible    X 8.0% 1-Jan-19  500,000  -   
PP Convertible    X 8.0% 1-Jan-20  500,000  -   
QQ Convertible    X 8.0% 1-Jan-20  150,000  -   
Current Convertible Debt        875,000  1,690,811
Long-Term  Convertible Debt        3,743,490  -   
Total Convertible Debt          $4,618,490  $1,690,811

 

 17 

 

FOOTNOTES FOR CONVERTIBLE DEBT SUMMARY TABLE

 

(1)  

(A)

At the option of the holder the convertible note may be converted into shares of the Company’s common stock at the lesser of $0.40 or 20% discount to the market price, as defined, of the Company’s common stock. The Company is currently in discussions with the lender on a payment schedule. The outstanding balance of this note is convertible into a variable number of the Company’s common stock: therefore the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.”  The derivative component of the obligation are initially valued and classified as a derivative liability with an offset to discounts on convertible debt. Discounts have being amortized to interest expense over the respective term of the related note. In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.08% to .87%, volatility ranging from 130% of 157%, trading prices ranging from $.08 per share to $0.49 per share and a conversion price ranging from $0.05 per share to $0.12 per share. The balance of the convertible note at September 30, 2017 including accrued interest and net of the discount amounted to $43,075.

 

 

The Company valued the derivative liabilities at September 30, 2017 at $23,610. The Company recognized a change in the fair value of derivative liabilities for the three months ended September 30, 2017 of $(640), which were credited to operations.  In determining the indicated values at September 30, 2017, since the debt is in default the company used the maximum value these embedded options represent, with a trading price of $.14, and conversion prices of $0.11 per share.

 

       
   

(B), (C), (D), (H), (I), (J), (K), (L), (M)

 

On December 31, 2015 the Company renegotiated twelve (12) convertible and non-convertible notes payable. The Total face value of the notes issued was $888,500. The six-month notes were due on December 31, 2015. The new notes are convertible after January 1, 2016 and are convertible into the Company’s common stock at a conversion rate of $0.03 per share. The market value of the stock at the date when the debt becomes convertible was $0.087. All these amended debts have a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.”  The derivative component of the obligation are initially valued and classified as a derivative liability with an offset to discounts on convertible debt. Discounts were amortized to interest expense over the respective term of the related note. In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.06%, volatility ranging from 155% of 221%, trading prices ranging from $.078 per share to $0.1 per share and a conversion price ranging from $0.03 per share to $0.04 per share. The total derivative liabilities associated with these notes (one note was converted during the quarter ended March 31, 2016 and two notes were converted during the quarter ended December 31, 2016).was $2,640,030 at December 31, 2015 and $4,718,754 at December 31, 2016, respectively.

 

On January 1, 2017 the Company renegotiated the nine (9) remaining convertible notes payable The total face value of the remaining notes issued was $588,085. The notes are due on January 1, 2019. The new notes were convertible after January 1, 2017 into the Company’s common stock at a conversion rate of $0.03 per share. The market value of the stock at the date when the debt became convertible was $0.2675. As of September 30, 2017, the principal balance was $469,256. All these amended debts have a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.”  The derivative component of the obligation are initially valued and classified as a derivative liability with an offset to discounts on convertible debt. Discounts are being amortized to interest expense over the respective term of the related note. In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 221%, trading prices ranging from $.14 per share to $0.22 per share and a conversion price ranging from $0.03 per share per share. The total derivative liabilities associated with these five  remaining notes are $1,927,297 at September 30, 2017.

 18 

 

(N)

 

On January 8, 2016, the Company received $50,000 from the issuance of convertible debt. Interest is stated at 12% The Note and Interest is convertible into common shares at $0.03 per share. Note was Due in January of 2017  . On January 1, 2017, this note was amended to extend the due date to January 1, 2019 and the interest rate was reduced to 8% and the accrued interest in the amount of $5,983 was added to the principal of the new note. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.”   The derivative component of the obligation is initially valued and classified as a derivative liability with an offset to discounts on convertible debt. Discounts are amortized to interest expense over the respective term of the related note. In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The principal balance as of September 30, 2017 is $55,983. The derivative liability associated with this note as of September 30, 2017 was $229,967.

 

(O)

 

On March 31, 2016, the Company received $100,000 from the issuance of convertible debt. Interest is stated at 12% The Note and Interest is convertible into common shares at $0.03 per share. Note was Due in January of 2017. On January 1, 2017, this note was amended to extend the due date to January 1, 2019 and the interest rate was reduced to 8% and the accrued interest in the amount of $9,167 was added to the principal of the new note. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.”   The derivative component of the obligation is initially valued and classified as a derivative liability with an offset to discounts on convertible debt. Discounts are amortized to interest expense over the respective term of the related note. In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share.The principal balance as of September 30, 2017 is $109,167. The derivative liability associated with this note as of September 30, 2017 was $448,334.

 

(P)

 

On July 13, 2016, the Company received $50,000 from the issuance of convertible debt. Interest is stated at 12% The Note and Interest is convertible into common shares at $0.03 per share. Note was Due in January of 2017. On January 1, 2017, this note was amended to extend the due date to January 1, 2019 and the interest rate was reduced to 8% and the accrued interest in the amount of $2,767 was added to the principal of the new note. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.”   The derivative component of the obligation is initially valued and classified as a derivative liability with an offset to discounts on convertible debt. Discounts are amortized to interest expense over the respective term of the related note. In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The principal balance as of September 30, 2017 is $52,767. The derivative liability associated with this note as of September 30, 2017 was $216,706.

 

(Q)

 

On August 30, 2016, the Company received $50,000 from the issuance of convertible debt. Interest is stated at 12% The Note and Interest is convertible into common shares at $0.03 per share. Note was Due in January of 2017. On January 1, 2017, this note was amended to extend the due date to January 1, 2019 and the interest rate was reduced to 8% and the accrued interest in the amount of $2,050 was added to the principal of the new note. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.”   In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The principal balance as of September 30, 2017 is $52,050. The derivative liability associated with this note as of September 30, 2017 was $213,763.

 

 19 

 

(R)

 

On November 3, 2016, the Company received $200,000 from the issuance of convertible debt. Interest is stated at 12% The Note and Interest is convertible into common shares at $0.03 per share. Note is Due in January of 2018. On January 1, 2017, this note was amended to extend the due date to January 1, 2019 and the interest rate was reduced to 8% and the accrued interest in the amount of $3,867 was added to the principal of the new note. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.” In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The principal balance as of September 30, 2017 is $203,867. The derivative liability associated with this note as of September 30, 2017 was $837,255.

 

(S)

 

On December 1, 2016, the Company received $50,000 from the issuance of convertible debt. Interest is stated at 10% The Note and Interest is convertible into common shares at $0.03 per share. Note is Due in January of 2018. On January 1, 2017, this note was amended to extend the due date to January 1, 2019 and the interest rate was reduced to 8% and the accrued interest in the amount of $400 was added to the principal of the new note. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.”   In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The principal balance as of September 30, 2017 is $50,400. The derivative liability associated with this note as of September 30, 2017 was $206,986.

 

 (T)

 

On December 30, 2016 the Company received $250,000 from the issuance of convertible debt. Interest is stated at 10% The Note and Interest is convertible into common shares at $0.04 per share. Note is Due in January of 2019. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.”   In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.08%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The derivative liability associated with this note as of September 30, 2017 was $731,553.

 

(U)

 

On March 13, 2016, the Company received $25,000 from the issuance of convertible debt. Interest is stated at 12% The Note and Interest is convertible into common shares at $0.03 per share. Note was Due in January of 2017. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.”   In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.08%, volatility ranging from 134% of 157%, trading prices ranging from $.05 per share to $.09. The Note and Interest was converted to common shares on September 13, 2016

 

(V)

 

On September 13, 2016 the Company received $25,000 from the issuance of convertible debt. Interest is stated at 12% The Note and Interest is convertible into common shares at $0.045 per share. Note is Due in January of 2018. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.”   In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49. The derivative liability associated with this note as of September 30, 2017 was $58,970.

 

 20 

 

(W)

 

On October 16, 2016 the Company received $15,000 from the issuance of convertible debt. Interest is stated at 12% The Note and Interest is convertible into common shares at $0.03 per share. Note is Due in January of 2018. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.” In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The derivative liability associated with this note as of September 30, 2017 was $60,417.

 

(X)

 

On November 18, 2016 the Company received $60,000 from the issuance of convertible debt. Interest is stated at 12% The Note and Interest is convertible into common shares at $0.03 per share. Note is Due in January of 2018. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.” In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The derivative liability associated with this note as of September 30, 2017 was $239,768.

 

 (Y)

 

On December 7, 2016 the Company received $50,000 from the issuance of convertible debt. Interest is stated at 12% The Note and Interest is convertible into common shares at $0.03 per share. Note is Due in January of 2018. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.” In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.08%, volatility ranging from 134% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The Note and Interest was converted to common shares in July of 2017

 

(Z)

 

On October 1, 2015, the Company renegotiated a convertible notes payable. The original note was issued March 13, 2015 and due September 30, 2015, with conversion rate of $0.06 per share. The new note had an extended the due date to January 1, 2017 and convertible into the Company’s common stock at a conversion rate of $0.045 per share. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.” In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.08%, volatility ranging from 134% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The Note and Accrued interest was converted to common stock on September 23, 2016

 

(AA)

 

On July 27, 2015, the Company issued a note payable for $28,500. The Company agrees to pay to the Holder $28,500 plus accrued interest pursuant to the following schedule:

 

·An initial payment of $5,000 is due no later than December 1, 2015. This amount represents the balance of the security deposit due for the lease of Commercial/Manufacturing Space occupied by MJAI Oregon 1, LLC, an indirect controlled subsidiary of the Company.

 

·A final payment of $42,700 principal, plus any accrued Interest at 10% is due no later than April 1, 2017. This amount represents the balance of accrued rent due for the initial monthly lease payments from August 1, 2015 through December 31, 2016.

 

 21 

 

The note was convertible after March 31, 2016 and is convertible into the Company’s common stock at a conversion rate of $0.10 per share or 20% discount to the thirty day moving average stock price. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.” In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.08%, volatility ranging from 134% of 157%, trading prices ranging from $.05 per share to $0.49 per share. This note was paid in full as a result of a settlement agreement on March 31, 2017. The remaining balance is zero.

 

(BB)

 

On September 23, 2015, the Company received a total of $50,000 from an accredited investor in exchange for a two year note in the aggregate amount of $50,000 with interest accruing at 10%. The note and interest is convertible after September 23, 2015 into the Company’s common stock at a conversion rate of $0.03 per share. The market value of the stock at the date when the debt becomes convertible was $0.089. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.” In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The derivative liability associated with this note as of September 30, 2017 was $184,507. The note has been extended to January 1, 2019

 

(CC)

 

On September 23, 2015, the Company received a total of $100,000 from an accredited investor in exchange for a two year note in the aggregate amount of $100,000 with interest accruing at 10%. The note and interest is convertible after September 23, 2015 into the Company’s common stock at a conversion rate of $0.03 per share. The market value of the stock at the date when the debt becomes convertible was $0.078. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.” In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The derivative liability associated with this note as of September 30, 2017 was $368,997. The note has been extended to January 1, 2019

 

(DD)

 

On September 23, 2015, the Company received a total of $50,000 from an accredited investor in exchange for a two year note in the aggregate amount of $50,000 with interest accruing at 10%. The note and interest is convertible after September 23, 2015 into the Company’s common stock at a conversion rate of $0.03 per share. The market value of the stock at the date when the debt becomes convertible was $0.078. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.” In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The derivative liability associated with this note as of September 30, 2017 was $184,507. The note has been extended to November 30, 2017

 

(EE) and (FF)

 

At December 31, 2013, the Company was indebted to an affiliated shareholder of the Company for $840,955, which consisted of $737,100 principal and $103,895 accrued interest, with interest accruing at 10%. On January 2, 2014, the Company entered into a Debt Modification Agreement whereby the total amount of the debt was reduced to $750,000 and there is no accrued interest or principal due until December 31, 2017. $500,000 of the debt is convertible into 50,000 Series C Convertible Preferred Shares of AFAI, which if converted are subject to resale restrictions through December 31, 2017. The two-year note in the aggregate amount of $500,000 is convertible into the Company’s preferred stock at a conversion rate of $10.00 per share of preferred. At a conversion rate of 433.9297 common shares to 1 preferred share, this would result in a total of 21,696,485 common shares issued if all debt was converted. The market value of the stock at the date of issuance of the debt was $0.04. The remaining $250,000 is not convertible. The company has imputed interest on both the convertible debt and the non-convertible debt. The company used an interest rate of 4% for calculation purposes. The net balance of $250,000 of the non-convertible portion is reflected on the balance sheet. This note was modified and restated as of June 20, 2015, see Footnote 9. As of September 30, 2017, the balance of the convertible portion of the debt was $500,000. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.” In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share.The derivative liability associated with this convertible portion of the note as of September 30, 2017 was $2,539,521.

 22 

 

 

The net balance reflected on the balance sheet is for the convertible portion net of remaing debt discount is $399,090. The remaining $250,000 is not convertible. The net balance of $250,000 of the non-convertible portion is reflected on the balance sheet.

 

(KK)

 

On January 4, 2017 the Company received $150,000 from the issuance of convertible debt. Interest is stated at 8% The Note and Interest is convertible into common shares at $0.04 per share. Note is Due in January of 2019. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.” The derivative component of the obligation is initially valued and classified as a derivative liability with an offset to discounts on convertible debt. Discounts are amortized to interest expense over the respective term of the related note. In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share and a conversion price of $0.04 per share. The derivative liability associated with this note as of September 30, 2017 was $438,472.

 

(LL)

 

On January 20, 2017 the Company received $600,000 from the issuance of convertible debt. Interest is stated at 8% The Note and Interest is convertible into common shares at $0.07 per share. Note is Due in January of 2019. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.” The derivative component of the obligation is initially valued and classified as a derivative liability with an offset to discounts on convertible debt. Discounts are amortized to interest expense over the respective term of the related note. In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The derivative liability associated with this note as of September 30, 2017 was $872,083.

 

(MM)

 

On January 31, 2017 the Company received $100,000 from the issuance of convertible debt. Interest is stated at 8% The Note and Interest is convertible into common shares at $0.07 per share. Note is Due in January of 2019. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.” The derivative component of the obligation is initially valued and classified as a derivative liability with an offset to discounts on convertible debt. Discounts are amortized to interest expense over the respective term of the related note. In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.08%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The derivative liability associated with this note as of September 30, 2017 was $145,011.

 

(NN)

 

On February 7, 2017 the Company received $500,000 from the issuance of convertible debt. Interest is stated at 8% The Note and Interest is convertible into common shares at $0.10 per share. Note is Due in January of 2019. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.” The derivative component of the obligation is initially valued and classified as a derivative liability with an offset to discounts on convertible debt. Discounts are amortized to interest expense over the respective term of the related note. In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The derivative liability associated with this note as of September 30, 2017 was $451,464.

 

(OO)

 

On February 21, 2017 the Company received $500,000 from the issuance of convertible debt. Interest is stated at 8% The Note and Interest is convertible into common shares at $0.10 per share. Note is Due in January of 2019. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.” The derivative component of the obligation is initially valued and classified as a derivative liability with an offset to discounts on convertible debt. Discounts are amortized to interest expense over the respective term of the related note. In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The derivative liability associated with this note as of September 30, 2017 was $450,129.

 

 23 

 

(PP)

 

On May 11, 2017 the Company received $500,000 from the issuance of convertible debt. Interest is stated at 8% The Note and Interest is convertible into common shares at $0.05 per share. Note is Due in January of 2020. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.” The derivative component of the obligation is initially valued and classified as a derivative liability with an offset to discounts on convertible debt. Discounts are amortized to interest expense over the respective term of the related note. In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The derivative liability associated with this note as of September 30, 2017 was $1,183,165.
(QQ)

 

On July 17, 2017 the Company received $150,000 from the issuance of convertible debt. Interest is stated at 8% The Note and Interest is convertible into common shares at $0.05 per share. Note is Due in January of 2020. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.” The derivative component of the obligation is initially valued and classified as a derivative liability with an offset to discounts on convertible debt. Discounts are amortized to interest expense over the respective term of the related note. In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The derivative liability associated with this note as of September 30, 2017 was $349,668.

 

(GG), (HH), (II), (JJ)(KK)

 

NOTE 5 - NON-CONVERTIBLE DEBT

A-Non- Related Party

 

   September 30, 2017  December 31, 2016
Note GG   -0-    68,555 
Note HH   -0-    68,555 
Note II   37,780    65,262 
Note JJ   37,780    65,262 
Note KK   13,571    31,661 
Total Non-Convertible Debt   89,131    299,295 

 

(GG) On September 8, 2015, the Company received a total of $100,000 from an accredited investor in exchange for a two year note in the aggregate amount of $100,000 with interest accruing at 10%. The note holder is entitled to subscribe for and purchase from the company 3,161,583 paid and non-assessable shares of the Common Stock at the price of $0.0316297 per share (the “Warrant Exercise Price”) for a period of five (5) years commencing from the earlier of such time as that certain $100,000 10% promissory note due September 9, 2017 has been fully repaid or the start of the Acceleration Period as defined in “The Note” or September 9, 2017. The note and interest has been paid in full

 

(HH) On September 9, 2015, the Company received a total of $100,000 from an accredited investor in exchange for a two year note in the aggregate amount of $100,000 with interest accruing at 10%. The note holder is entitled to subscribe for and purchase from the company 3,161,583 paid and non-assessable shares of the Common Stock at the price of $0.0316297 per share (the “Warrant Exercise Price”) for a period of five (5) years commencing from the earlier of such time as that certain $100,000 10% promissory note due September 9, 2017 has been fully repaid or the start of the Acceleration Period as defined in “The Note” or September 9, 2017. The note and interest has been paid in full

 24 

 

(II) On May 17, 2016, the Company received a total of $75,000 from an accredited investor in exchange for a two year note in the aggregate amount of $75,000 with interest accruing at 10%. The note holder is entitled to subscribe for and purchase from the company 2,371,187 paid and non-assessable shares of the Common Stock at the price of $0.0316297 per share (the “Warrant Exercise Price”) for a period of five (5) years commencing from the earlier of such time as that certain $75,000, 10% promissory note due May 17, 2018 has been fully repaid or the start of the Acceleration Period as defined in “The Note” or May 17, 2018.

 

(JJ) On May 9, 2016 the Company received a total of $75,000 from an accredited investor in exchange for a two year note in the aggregate amount of $75,000 with interest accruing at 10%. The note holder is entitled to subscribe for and purchase from the company 2,371,187 paid and non-assessable shares of the Common Stock at the price of $0.0316297 per share (the “Warrant Exercise Price”) for a period of five (5) years commencing from the earlier of such time as that certain $75,000, 10% promissory note due May 9, 2018 has been fully repaid or the start of the Acceleration Period as defined in “The Note” or May 9, 2018

 

(KK) On September 16, 2016 the Company received a total of $31,661 to be used for equipment in exchange for a two year note in the aggregate amount of $31,661 with interest accruing at 18% per year and a 10% loan fee. The note is due September of 2018 with monthly payments of principal and interest.

 

B-Related Party      
 Loan payable - Stockholder, 0%, Due December 31, 2017 (1)  $250,000   $250,000 
           
   $250,000   $250,000 

 

(1)  

At December 31, 2013, the Company was indebted to an affiliated shareholder of the Company for $840,955, which consisted of $737,100 principal and $103,895 accrued interest, with interest accruing at 10%. On January 2, 2014, the Company entered into a Debt Modification Agreement whereby the total amount of the debt was reduced to $750,000 and there is no accrued interest or principal due until December 31, 2017. $500,000 of the debt is convertible into 50,000 Series C Convertible Preferred Shares of AFAI, which if converted are subject to resale restrictions through December 31, 2017. The two-year note in the aggregate amount of $500,000 is convertible into the Company’s preferred stock at a conversion rate of $10.00 per share of preferred. At a conversion rate of 433.9297 common shares to 1 preferred share, this would result in a total of 21,696,485 common shares issued if all debt was converted. The market value of the stock at the date of issuance of the debt was $0.04. The remaining $250,000 is not convertible. The company has imputed interest on both the convertible debt and the non-convertible debt. The company used an interest rate of 4% for calculation purposes. The net balance of $250,000 of the non-convertible portion is reflected on the balance sheet. This note was modified and restated as of June 20, 2015, see Footnote 9. As of September 30, 2017, the balance of the convertible portion of the debt was $500,000. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.” In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share.The derivative liability associated with this convertible portion of the note as of September 30, 2017 was $2,539,521.

 

The net balance reflected on the balance sheet is for the convertible portion net of remaing debt discount is $399,090. The remaining $250,000 is not convertible. The net balance of $250,000 of the non-convertible portion is reflected on the balance sheet.

 

NOTE 6 – STOCKHOLDERS’ EQUITY

 

The Company has 10,000,000 shares of preferred stock authorized with a par value of $0.001, of which 100,000 shares have been designated as Series C convertible preferred stock (“Series C” or “Series C preferred stock”). The Board has the authority to issue the shares in one or more series and to fix the designations, preferences, powers and other rights, as it deems appropriate.

 

Each share of Series C has 433.9297 votes on any matters submitted to a vote of the stockholders of the Company and is entitled to dividends equal to the dividends of 433.9297 shares of common stock. Each share of Series C preferred stock is convertible at any time at the option of the holder into 433.9297 shares of common stock.

 

The Company has 500,000,000 shares of common stock authorized with a par value of $0.001. Each share of common stock has one vote per share for the election of directors and all other items submitted to a vote of stockholders. The common stock does not have cumulative voting rights, preemptive, redemption or conversion rights.

 25 

 

 

In February of 2017, the Company issued 6,352,500 restricted common shares of Kaya Holdings, Inc. stock to an accredited investor that is a current shareholder of the company. This was a conversion of four (4) Notes Payable with a total value of $190,575 the Notes Payable were due January 1, 2019.

 

In June of 2017, the Company issued 987,632 restricted common shares of Kaya Holdings, Inc. stock to an accredited investor that is a current shareholder of the company. The restricted common shares were issued as payment of interest of $29,638.

 

In July of 2017, the Company issued 1,760,283 restricted common shares of Kaya Holdings, Inc. stock to an accredited investor that is a current shareholder of the company. This was a conversion of a Notes Payable with a total value of $50,000 the Note Payable was due January 1, 2019.

 

NOTE 7- DERIVATIVE LIABILITIES

 

The Company identified conversion features embedded within convertible debt and issued in 2013 and subsequent periods. The Company has determined that the features associated with the embedded conversion option, in the form a ratchet provision, should be accounted for at fair value, as a derivative liability, as the Company cannot determine if a sufficient number of shares would be available to settle all potential future conversion transactions.

 

Additionally, due to a recognition of tainting (due to shares not being held in reserve in 2014), all convertible notes are considered to have a derivative liability. Therefore the Company accounted for these Notes under ASC Topic 815-15 “Embedded Derivative.”  The derivative component of the obligation is initially valued and classified as a derivative liability with an offset to discounts on convertible debt. Discounts are amortized to interest expense over the respective term of the related note. In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.08%, volatility ranging from 134% of 157%, trading prices ranging from $.05 per share to $0.49 per share and a conversion price ranging from $0.03 per share to $0.12 per share.

 

As a result of the application of ASC No. 815, the fair value of the ratchet feature related to convertible debt and warrants is summarized as follow: 

 

Balance as of December 31, 2016  $19,346,348 
Initial Derivative Value   16,221,943 
Change in Derivative Values-reclassified to APIC   (22,114,526) 
Conversion or amendment   (1,091,615) 
   $12,362,150 

 

The fair value at the commitment and re-measurement dates for the Company’s derivative liabilities were based upon the following management assumptions as September 30, 2017:

 

The Company recorded a derivative expense of $375,950 and $-0  - for the three months ended September 30, 2017 and 2016, respectively and $16,221,943 and $129,340 for the nine months ended September 30, 2017 and 2016.

  

The Company recorded a change in the value of embedded derivative liabilities income/(expense) of $ 1,260,200 and $181,986 for the three months ended September 30, 2017 and 2016, respectively and $22,114,526 and $1,895,657 for the nine months ended September 30, 2017 and 2016

 

NOTE 8- DEBT DISCOUNT

 

The Company recorded the debt discount to the extent of the gross proceeds raised, and expensed immediately the remaining fair value of the derivative liability, as it exceeded the gross proceeds of the note.

 

Debt discount amounted to $2,217,596 as of September 30, 2017 and $863,860 as of December 31, 2016.

 

The Company recorded $569,497 and $405,530 for the three months and $1,678,899 and $978,208 for the nine months ended September 30, 2017 and September 30, 2016, respectively for amortization of debt discount expense. 

 26 

 

 

 

NOTE 9 – RELATED PARTY TRANSACTIONS

 

The Company has agreements covering certain of its management personnel. Such agreements provide for minimum compensation levels and are subject to annual adjustment.

 

The Company’s Chief Executive Officer holds 50,000 shares of its Series C preferred stock. These shares can be converted into 21,696,485 shares of the Company’s common stock at his option.

 

The Company’s largest stockholder has from time to time provided unsecured loans to the Company, See Note 4 for the detail of the convertible and non-convertible debt with a face value of $750,000 

 

NOTE 10– DEBT EXTINGUISHMENT

 

On January 1, 2017, the Company renegotiated nine (9) convertible notes payable. The  Total face value of the notes issued was $876,468 the notes are due on January 1, 2019. The face value plus accrued interest due of $62,533 resulting in new face amount due of $876,468. The new notes are convertible after January 1, 2017 and are convertible into the Company’s common stock at a conversion rate of $0.03 per share. The market value of the stock at the date when the debt becomes convertible was $0.225. The Company recorded a loss from debt extinguishment of $67,442.

 

NOTE 11 – Warrants

 

On September 8, 2015, the Company received a total of $100,000 from an accredited investor in exchange for a two year note in the aggregate amount of $100,000 with interest accruing at 10%. The note holder is entitled to subscribe for and purchase from the Company 3,161,583 paid and non-assessable shares of common stock at the price of $0.0316297 per share (the “Warrant Exercise Price”) for a period of five (5) years commencing from the earlier of such time as that certain $100K, 10% promissory note due September 9, 2017 has been fully repaid or the start of the Acceleration Period as defined in “The Note” or September 9, 2017. The Note and interest has been paid in full as of September 30, 2017.

 

On September 9, 2015, the Company received a total of $100,000 from an accredited investor in exchange for a two year note in the aggregate amount of $100,000 with interest accruing at 10%. The note holder is entitled to subscribe for and purchase from the Company 3,161,583 paid and non-assessable shares of common stock at the price of $0.0316297 per share (the “Warrant Exercise Price”) for a period of five (5) years commencing from the earlier of such time as that certain $100K, 10% promissory note due September 9, 2017 has been fully repaid or the start of the Acceleration Period as defined in “The Note” or September 9, 2017. The Note and interest has been paid in full as of September 30, 2017.

 

On May 9, 2016 the Company received a total of $75,000 from an accredited investor in exchange for a two year note in the aggregate amount of $75,000 with interest accruing at 10%. The note holder is entitled to subscribe for and purchase from the company 2,371,187 paid and non-assessable shares of the Common Stock at the price of $0.0316297 per share (the “Warrant Exercise Price”) for a period of five (5) years commencing from the earlier of such time as that certain $75,000, 10% promissory note due May 9, 2018 has been fully repaid or the start of the Acceleration Period as defined in “The Note” or May 9, 2018.

 

 27 

 

On May 17, 2016 the Company received a total of $75,000 from an accredited investor in exchange for a two year note in the aggregate amount of $75,000 with interest accruing at 10%. The note holder is entitled to subscribe for and purchase from the company 2,371,187 paid and non-assessable shares of the Common Stock at the price of $0.0316297 per share (the “Warrant Exercise Price”) for a period of five (5) years commencing from the earlier of such time as that certain $75,000, 10% promissory note due May 17, 2018 has been fully repaid or the start of the Acceleration Period as defined in “The Note” or May 17, 2018.

 

Warrants issued to Non-Employees

   
           
        Weighted Weighted
        Average Average
      Warrants Exercise Contract
      Issued Price Terms Years
Balance as of December 31, 2016 11,065,540 0.0316297  1.79
Granted      - -  -
Exercised      -     -     -   
Expired      -     -     -   
Balance as of September 30, 2017  11,065,540 0.0316297  .66

 

NOTE 12 – COMMITMENTS AND CONTINGENCIES

 

The Company is, from time to time involved in litigation in the normal course of business. While it is not possible at this time to establish the ultimate amount of liability with respect to contingent liabilities, including those related to legal proceedings, management is of the opinion that the aggregate amount of any such liabilities, for which provision has not been made, will not have a material adverse effect on the Company’s financial position.

 

On June 22, 2016, Daniel A. Goldin and Wally Goldin commenced an action in Oregon Circuit Court, Multnomah County, against the Company, MJAI, its direct majority-owned subsidiary, Craig Frank, our Chairman, President and Chief Executive Officer, William David Jones, a consultant to our Company and BMN Capital Group, LLC (the “Action”). The plaintiffs alleged breach of contract, state securities fraud and state racketeering claims against the defendants arising from alleged misrepresentations made in subscription agreements with the Company entered into in October 2015 and January 2016 by Daniel A. Goldin and Wally Goldin, respectively, pursuant to which they each purchased 2,222,222 “restricted” shares of our common stock for $100,000 in a private transaction. In addition, Daniel A. Goldin alleged that the Company breached a purported employment agreement with him pursuant to which he was purportedly to be compensated for working in our Oregon operations through a combination of cash and stock. The plaintiffs are sought in excess of $1.7 million in damages. The Company believed that not only was the Action without merit, but that it had various counterclaims against the plaintiffs, particularly Daniel L. Goldin. The Company defended against the Action and pursued its counterclaims both in the Action and in a separate lawsuit commenced against the plaintiffs in the U.S. District Court for the Southern District of Florida in which the Company alleged fraud by the plaintiffs and sought damages and the return of the common stock issued to the Company’s treasury In September 2017, the parties entered in a settlement agreement, pursuant to which Mr. Goldin waived any rights to a total of 1.2 million shares of common stock (200,000 shares of our common stock which were already issued in his name and an additional 1,000,000 shares which were to be issued) and $40,000 in cash compensation payable to him under the employment agreement. The Company paid the plaintiffs the sum of $247,500, in exchange for the return of the stock and the waiver of claims against any further stock or cash, all litigation was dismissed by the parties and the parties exchanged mutual releases.

 

 28 

 

NOTE 13– SUBSEQUENT EVENTS

 

On November 13, 2017 we paid into escrow $247,500 to settle the commitment discussed in Note 12

 

On November 3, 2017 three convertible notes with the face value of $217,643 were converted into 7,734,099 shares of common stock.

 

On May 11, 2017, we entered into a financing agreement with an institutional investor (the “Investor”) to provide the Company with up to $5.8 in convertible note funding through July 31, 2018 (the “May 2017 Financing Agreement”). The May 2011 Financing Agreement was amended as of July 31, 2017, to increase the amount of funding available to the Company thereunder to $6.3 million and to extend the time period for such funding to May 31, 2019 and was additionally amended as of November 15, 2017 to further increase the amount of funding available to the Company thereunder to $7.0 million and to extend the time period for such funding to November 30, 2019.

 

Funding under the May 2017 Financing Agreement, as amended, takes the form of the offer and sale of Convertible Notes (the “$7.0 Million Notes”). The $7.0 Million Notes are substantially similar in form and substance to the $2.1 million Notes that were part of the $2.1 million Financing Agreement entered into between the Company and the Investor in December 2016 and completed in March of 2017 (as well as the approximately $1.2 million in financing previously received from the Investor in 2014 and 2015), except that the $7.0 million Notes are due and payable on January 1, 2020.

 

The $7.0 million Notes are substantially similar in form and substance to the $2.1 million Notes that were part of the $2.1 million Financing Agreement entered into between the Company and the Investor in December 2016 and completed in March of 2017 (as well as the approximately $1.2 million in financing previously received from the Investor in 2014 and 2015), except that the $7.0 million Notes are due and payable on January 1, 2020.

 

Pursuant to the terms of the $7.0 million Financing Agreement, an additional $500,000 was delivered to the Company on November 3, 2017, bringing the total amount received by the Company to $1,150,000 since its execution on May 11, 2017. The purpose for the increase in the $7.0 million Financing Agreement was to allocate an additional $500,000 to be used for the targeted acquisition of property in Oregon for the development of a Commercial and Medical Cannabis Grow Complex and related enterprises, and $500,000 has been used against the purchase of an identified property which the Company closed on the property during the third Quarter of 2017.

 

For more information on the $7.0 million Financing Agreement, please refer to the narrative in Item 2 (above), Management’s Discussion and Analysis of Financial Condition and Results of Operations.

 

 29 

 

 

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

 

In this Quarterly Report on Form 10-Q, the terms “Kaya Holdings,” “KAYS,” “the Company,” “we,” “us” and “our” refer to Kaya Holdings, Inc. and its subsidiaries, unless the context indicates otherwise.

 

Cautionary Note Regarding Forward-Looking Statements

 

Information contained in this Quarterly Report on Form 10-Q contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the ‘Exchange Act”). These forward-looking statements are generally identifiable by use of the words “may,” “will,” “should,” “expect,” “anticipate,” “estimate,” “believe,” “intend” or “project” or the negative of these words or other variations on these words or comparable terminology.

 

The forward-looking statements herein represent our expectations, beliefs, plans, intentions or strategies concerning future events. Our forward-looking statements are based on assumptions that may be incorrect, and there can be no assurance that any projections or other expectations included in any forward-looking statements will come to pass. Moreover, our forward-looking statements are subject to various known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by any forward-looking statements.

 

Except as required by applicable laws, we undertake no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future

 

Business Overview

 

Background

 

Kaya Holdings was incorporated in Delaware in 1993 under the name Gourmet Market, Inc. and has engaged in a number of businesses. Its name was changed on May 11, 2007 to Netspace International Holdings, Inc. (“Netspace”). Netspace acquired 100% of the capital stock of Alternative Fuels Americas, Inc., a Florida corporation in January 2010 in a stock for stock transaction and issued 100,000 shares of Series C convertible preferred stock to existing shareholders of the Florida corporation. The Company’s name was changed in October 2010 from Netspace International Holdings, Inc. to Alternative Fuels Americas, Inc.

 

From 2010 through 2014 the Company was engaged in seeking to develop a biofuels business. In January 2015, the Company determined that it was in the best interests of its stockholders to discontinue its biofuel development activities, and to instead leverage its agricultural and business development experience and focus all its resources on the development of legal medical and recreational marijuana opportunities in the United States and in select international markets.

 

Legal Medical and Recreational Marijuana Operation in Oregon

 

In January 2014 KAYS incorporated a subsidiary, Marijuana Holdings Americas, Inc. a Florida corporation (“MJAI”). to focus on opportunities in the legal recreational and medical marijuana in the United States. MJAI has concentrated its efforts in Oregon, where through controlled Oregon limited liability companies, it initially secured licenses to operate a medical marijuana dispensary (an “MMD”) and following legalization of recreational cannabis use in Oregon, has secured licenses to operate three retail outlets (with the license application for a fourth outlet pending) and purchased 26 acres for development as a legal cannabis cultivation and manufacturing facility. The Company has developed the Kaya Shack™ brand for its retail operations.

 

In March 2014, we applied for and were awarded our first license to operate an MMD and on July 3, 2014 opened its first Kaya Shack™ Medical Marijuana Dispensary in Portland, Oregon, thereby becoming the first publicly traded U.S. company to own and operate an MMD. Initial customer acceptance and media coverage was very positive, including many references to KAYS as the “Starbucks of Medical Marijuana” by television news stations, news print publications and online news sources. In March 2015, the Company changed its name to Kaya Holdings, Inc. to better reflect its new plan of operations.

 30 

 

 

In April 2015, KAYS commenced its own medical marijuana grow operations for the cultivation and harvesting of legal marijuana thereby becoming the first publicly traded U.S. company to own a majority interest in a vertically integrated legal marijuana enterprise in the United States. In October 2015, concurrent with Oregon commencing legal sales of recreational marijuana through MMDs, KAYS opened its second retail operation in Salem, Oregon, our first Kaya Shack™ Marijuana Superstore. Oregon. During 2015, the Company also consolidated its grow operations and manufacturing operations into a single facility in Portland, Oregon.

 

Recent Developments

 

Licensing

 

In 2016, Oregon began the process to transition legal marijuana sales from Oregon Health Authority (“OHA”) licensed MMDs and grow operations to Oregon Liquor Control Commission (“OLCC”) licensed recreational marijuana retailers and producer and processing facilities. Effective January 1, 2017, all retailers of recreational marijuana were required to have a recreational marijuana sales license issued by the OLLC for each retail outlet operated.

 

 

Accordingly, in 2016 the Company applied for OLLC licenses for its two initial Kaya Shack™ retail outlets (Portland, Oregon and South Salem, Oregon), and also submitted license applications for its two new locations under construction and development at that time.

 

In late December 2016, we received our OLCC recreational license for the South Salem Kaya Shack™ Marijuana Superstore (Kaya Shack™ OLCC Marijuana Retailer License #1) and recreational and medical sales continued without interruption from 2016 through the present at that location.

 

On March 21, 2017, we received our North Salem Kaya Shack™ outlet (Kaya Shack™ OLCC Marijuana Retailer License #2) a 2,600-square foot Kaya Shack™ Marijuana Superstore in North Salem, Oregon, whereupon the location opened for business with both recreational and medical sales.

 

On May 2, 2017, we received our OLCC recreational license for our Portland Kaya Shack™ outlet (Kaya Shack™ OLCC Marijuana Retailer License #3) and after a delay of approximately four months. During that period we were limited to solely medical sales at the Portland location. Upon receipt of Kaya Shack™ OLCC Marijuana Retailer License #3, recreational sales recommenced at that location.

 

 

Our OLCC License for the Central Salem Kaya Shack™ Marijuana Superstore (Kaya Shack™ OLCC Marijuana Retailer License #4) has been filed and is pending completion, inspection and final licensing. We expect to complete construction and licensing during the fourth quarter of 2017 and commence recreational and medical sales at this location as soon as possible thereafter.

 

 

Additional Kaya Shack™ Marijuana Superstores

 

During 2016 and the first nine months of 2017, the Company focused a significant portion of its efforts on developing two additional Kaya Shack™ Marijuana Superstores, including identifying and leasing suitable locations, completing necessary build out and applying for the requisite OLCC recreational marijuana retailer licenses. In addition to the four Kaya Shack™ retail marijuana stores described above, the Company plans to identify and lease locations for, license and seek to open up to four additional Kaya Shack™ Marijuana Superstores in other Oregon markets over the next 18 to 24 months, as well as explore opportunities in other states to increase its retail footprint. Additionally, the Company is exploring opportunities to further its operation in Oregon and elsewhere through the acquisition of currently licensed and operating retail operations, which can be converted to the Kaya Shack™ model.

 31 

 

Expansion of Grow and Manufacturing Operations

 

On March 21, 2017, KAYS announced that it was in the process of expanding its grow and manufacturing operations and had retained a realtor to assist in identifying a suitable 30-60 acre tract of land in Oregon which would permit KAYS to expand its grow operations. As part of this expansion, KAYS ceased operations of its Portland grow facility at the end of March 2017, arranged to maintain its genetics library of over 30 strains of cannabis at an OHA licensed medical grow site and contracted with farmers to meet demand until the new facility is secured, built and fully operational.

 

In August 2017, we acquired a 26 acre parcel in Lebanon, Oregon, which KAYS intends to develop as a legal cannabis cultivation and manufacturing facility. KAYS believes that the acquisition of a property will position the Company for future development, including increased Marijuana Canopy production to the maximum extent allowed by law through use of both greenhouse and outdoor grows, as well as expansion of its production capabilities with brands in oils, vape cartridges, concentrates, a selection of edibles, and infused creams and lotions.

 

 

$2.1 Million Financing

 

In March 2017, the Company completed a $2.1 million financing with an institutional investor (the “Investor”) who had previously furnished KAYS with $1.2 million in financing, pursuant to a financing agreement (the “$2.1M Financing Agreement”) entered into between the Company and the Investor in December 2016. Pursuant to the $2.1M Financing Agreement, the Investor purchased $2.1 million in principal amount of convertible notes (the “$2.1M Notes”) from the Company as follows:

 

  $400,000 in principal amount of $2.1M Notes which are convertible into shares of the Company’s common stock at a conversion price of $0.04;

 

  $700,000 in principal amount of $2.1M Notes which are convertible into shares of the Company’s common stock at a conversion price of $0.07; and

 

 

  $1,000,000 in principal amount of $2.1M Notes which are convertible into shares of the Company’s common stock at a conversion price of $0.10.

 

 

 

The purchase price for the $2.1M Notes is equal to the principal amount thereof. The $2.1M Notes have a term of two years from issuance and bear interest at the rate of eight percent (8%) annum, which accrues and is payable to together with interest at maturity. The Investor may convert the principal amount of the $2.1M Notes (as well as other notes it currently holds as referenced above), together with accrued but unpaid interest thereon, into shares at the applicable conversion price, at any time or from time to time prior to maturity. The conversion price is subject to adjustment for stock splits, stock dividends, recapitalizations and similar transactions. The $2.1M Notes also provide that at no time may they be convertible if the number of shares being issued upon conversion to and then held by the Investor would result in the Investor beneficially owning in excess of 4.99% of the Company’s then outstanding shares of common stock, after giving effect to the proposed conversion.

 

May 2017 Financing Agreement

 

On May 11, 2017, we entered into a financing agreement with an institutional investor (the “Investor”) to provide the Company with up to $5.8 million in convertible note funding through July 31, 2018 (the “May 2017 Financing Agreement”). The May 2011 Financing Agreement was amended as of July 31, 2017, to increase the amount of funding available to the Company thereunder to $6.3 million and to extend the time period for such funding to May 31, 2019 and was additionally amended as of November 15, 2017 to further increase the amount of funding available to the Company thereunder to $7.0 million and to extend the time period for such funding to November 30, 2019.

 

 32 

 

Funding under the May 2017 Financing Agreement, as amended, takes the form of the offer and sale of Convertible Notes (the “$7.0M Notes”). The $7.0 Notes are substantially similar in form and substance to the $2.1M Notes that were part of the $2.1 million Financing Agreement entered into between the Company and the Investor in December 2016 and completed in March of 2017 (as well as the approximately $1.2 million in financing previously received from the Investor in 2014 and 2015), except that the $7.0M Notes are due and payable on January 1, 2020.

 

As of the date of this Quarterly Report, the Investor has purchased an aggregate of $1,150,000 in principal amount of $7.0M Notes from the Company under the May 2017 Financing Agreement, as amended to date, of which (a) $500,000 in principal amount of $7.0M Notes are convertible into shares of the Company’s common stock at a conversion price of $0.05 (the “$0.05Notes”); (b) $150,000 in principal amount of $7.0M Notes, which are convertible into shares of the Company’s common stock at a conversion price of $0.03 (the “$0.03Notes”); and (c) $500,000 in principal amount of $7.0M Notes, which are (i) convertible into shares of the Company’s common stock at a conversion price of $0.03; and (ii) secured by a mortgage lien on the 26 acre property acquired by the Company during the third quarter of 2017 (the $0.03 Secured Notes”).

 

Under the May 2017 Financing Agreement, as amended to date, the Investor has the right to purchase another tranche of $0.03 Notes up to an aggregate of $1,050,000 in principal amount, at any time and from time to time throughMarch 31, 2018.

 

Provided the Investor has fulfilled its obligation to purchase the additional $1,050,000 in principal amount of $0.03 Notes from the Company on or before March 31, 2018, the Investor will have the right to purchase another tranche of $0.05 Notes up to an aggregate of $1,000,000 in principal amount, at any time and from time to time through July 31, 2018.

 

Provided the Investor has fulfilled its obligation to purchase the additional $1,000,000 in principal amount of $0.05 Notes from the Company on or before July 31, 2018, the Investor will have the right to purchase up to an aggregate of $1,600,000 in principal amount of $7.0M Notes, which are convertible into shares of the Company’s common stock at a conversion price of $0.08 per share, at any time and from time to time through January 31, 2019 (the “$0.08 Notes”).

 

Provided the Investor has fulfilled its obligation to purchase all $1,600,000 in principal amount of $0.08 Notes from the Company on or before January 31, 2019, the Investor will have the right to purchase up to an additional $2,200,000 in principal amount of $7.0N Notes from the Company at any time and from time to time through November 30, 2019, which Notes will be convertible into shares of common stock at a conversion price of $0.11.

 

The proceeds from the offer and sale of the $2.1M and $7.0M Notes are and will be used to fund the Company’s growth plan, including expansion of our chain of Kaya Shack™ Marijuana Superstores in Oregon, acquisition and development of our Lebanon, Oregon legal cannabis cultivation and manufacturing facility and the introduction of new Kaya Shack™ branded cannabis products.

 

Corporate Information

 

Our corporate office is located at 888 South Andrews Avenue, Suite 302, Fort Lauderdale, Florida, 33316 and out telephone number is (954) 892-6911. Our website is www.kayaholdings.com. Information contained on our website does not constitute part of this Quarterly Report.

 

Market Overview

 

Twenty-nine states and the District of Columbia have legalized marijuana in some capacity. Additionally, eight states (Alaska, California, Colorado, Maine, Massachusetts, Nevada, Oregon and Washington State) and Washington, DC have approved the implementation of legal recreational marijuana use, with active legal cannabis economies flourishing in Colorado, Oregon and Washington. As Melia Robinson of Business Insider stated, “After a historic election cycle, which saw four states pass ballot initiatives legalizing nonmedical marijuana, one in five Americans now live in a state where it’s legal to smoke weed without a doctor’s letter.”

 

 33 

 

According to cannabis research firm Arcview, sales of legal marijuana in North America rose by 34% to $6.9 billion in 2016, and based on estimates from investment firm Cowen & Co., U.S. legal sales could reach $50 billion by 2026. For added context, ArcView estimates that North American black market sales totaled $46.4 billion last year.

 

Arcview projects sales will grow at a compound annual growth rate of 25% through 2021, when the North American market is expected to top $20.2 billion in sales. “The only consumer industry categories I’ve seen reach $5 billion in annual spending and then post anything like 25% compound annual growth in the next five years are cable television (19%) in the 1990s and the broadband internet (29%) in the 2000s,” Tom Adams, editor in chief of Arcview Market Research, said in a statement.

 

Estimates from various sources for the size of the long-term market range from up to an excess of $100 billion if Federal Prohibition is repealed and marijuana sales become legal in all 50 states and Washington D.C. (for perspective beer is approximately a $100 billion market, with wine just under $30 billion and coffee approximately $12 billion).

 34 

 

The Kaya Shack™ Brand

  

  

 

Kaya Holdings operates the Kaya Shack™ brand of legal medical and recreational retail marijuana stores.

 

Kaya Holdings operates three recreational marijuana retail outlets and medical marijuana dispensaries in Oregon under the Kaya Shack™ brand and anticipates opening its fourth location during the last quarter of 2017. In addition to these four Kaya Shack™ retail marijuana stores, the Company plans to identify and lease locations for, license and seek to open up to four additional Kaya Shack™ Marijuana Superstores in other Oregon markets over the next eighteen to 24 months, as well as explore opportunities in other states to increase its retail footprint. Additionally, the Company is exploring opportunities to further its operation in Oregon and elsewhere through the acquisition of currently licensed and operating retail operations, which can be converted to the Kaya Shack™ model.

 

Dubbed by the mainstream press as the “Starbucks of Marijuana” after our first outlet opened in July 2014, our operating concept is simple to deliver a consistent customer experience (quality products, fair prices and superior customer service) to a broad and diverse base of customers. Kaya Shack™ meets the quality needs of the “marijuana enthusiast”, the comfort and atmosphere of all including “soccer moms” and the price sensitivities of casual smokers.

 

The Kaya Shack™ brand communicates positive thinking and joy, with signs adorning the walls that read “It’s a Good Day to have a Good Day,” “Some of our Happiest Days Haven’t Even Happened Yet,” and our signature “Be Kind.”

 

Kaya Shack™ retail outlets are open 7 days a week from 8:00 am to 9:00 pm. Operations follow an operational manual that details procedures for 18 areas of operation including safety, compliance, store opening, store closing, merchandising, handling of cash, inventory control, product intake, store appearance and employee conduct.

 

In compliance with regulations, all marijuana and marijuana infused products sold through our stores are quality tested by independent labs to assure adherence to strict quality and OLCC regulations.

 35 

 

 

 

Kaya Shack™ Retail Outlets

 

 

I. Kaya Shack™, 1719 SE Hawthorne Blvd., Portland, Oregon

 

 

 

 36 

 

 

 

Located in the trendy Hawthorne district in southeast Portland, the first Kaya Shack™ is approximately 700 square feet and is the model for the Company’s small urban shops. The store features an 8’ display case showcasing at least 25 strains of marijuana flower, an additional 8’ display case with a varied selection of oils, concentrates and topicals, and a standing display case with edibles such as cookies, chocolates, gummies, hard candies and more. The store also has a hospitality area that offers free water, coffee, tea and hot cocoa. As required by law, all products containing marijuana are either behind locked glass or behind the counter and out of customer reach.

 37 

 

 

The store is located next door to a cell phone repair shop, and near to Devil’s Dill restaurant and No Fun pub. There are also a McMenamins restaurant, tattoo parlor, convenience store, hair/nail salon and a soccer sports bar. The area around the shop is primarily residential.

 

Our Portland outlet initially operated as an MMD. In connection with the transition of recreational marijuana retailer licenses from the OHA to the OLCC, we applied for an OLCC license for the facility in 2016. However, issuance of the OLCC license for the Portland, Oregon outlet was delayed because of the need to resolve various local issues with the City of Portland. Accordingly, from January 1, 2017 until May 2, 2017, when we received Kaya Shack TM OLCC Marijuana Retailer License #3 for this location, sales at the Portland, Oregon location were limited to medical marijuana and as such our revenues from this location were impacted.

 

 38 

 

 

 

 

II. Kaya Shack™ Marijuana Superstore, South Salem, Oregon

 

 

 39 

 

 

 

 

 

Our second location (the first Kaya Shack TM Marijuana Superstore) opened for business on October 17, 2015 in South Salem, Oregon in time to take advantage of early recreational sales. Our South Salem Kaya Shack Marijuana superstore received Kaya Shack TM OLCC Marijuana Retailer License prior to the January 1, 2017 deadline to do so and both recreational and medical marijuana sales have continued at this location seamlessly.

 

Located in the southern portion of Oregon’s capital city, Salem, this Kaya Shack™ is approximately 2,100 square feet and is the model for the Company’s marijuana superstore. The store features an 8’ display case with more than 25 strains of marijuana flower, an additional 8’ display case with a varied selection of oils, concentrates and topicals, an 8’ display case with accessories such as pipes, papers and brand related merchandise, and a standing display case with edibles such as cookies, chocolates, gummies, hard candies and more. The store also has a hospitality area that offers free water, coffee, tea and hot cocoa, and a “third space” sitting area. A fresh juice bar and a production room offering customers a chance to watch as the Company’s branded marijuana cigarettes, Kaya Buddies™, are produced are being installed.

 

 

 

 

The store is located in a strip mall alongside a Caesar’s Pizza, Aaron’s furniture, a convenience store, a tanning salon, and a nail salon. The plaza also has a Subway, a sports bar and a laundromat. The area around the shop is primarily commercial with residential complexes to be constructed beginning in 2018.

 40 

 

 

 

III. Kaya Shack™ Marijuana Superstore, North Salem, Oregon

  

Our third Kaya Shack™ (located in North Salem, Oregon) received Kaya Shack TM OLCC Marijuana Recreational Retailer License #3 on March 21, 2017.

 

 41 

 

 

 

 

Located in the northern portion of Oregon’s capital city, Salem, this Kaya Shack™ is 2,600 square feet. The store features an 8’ display case with more than 25 strains of marijuana flower, an additional 8’ display case with a varied selection of oils, concentrates and topicals, an 8’ display case with accessories such as pipes, papers and brand related merchandise, and standing display cases with edibles such as cookies, chocolates, gummies, hard candies and more. The store also has a hospitality area that offers free water, coffee, tea and hot cocoa and a “third space” sitting area. The Company plans to install a fresh juice bar, and a glassed-off kitchen facility slated to produce edibles and confections.

 

The store is located in a strip mall alongside a Starbucks Coffee, laundromat, and Adam’s Rib. The plaza also has medical offices and an Applebee’s. The area around the shop is primarily commercial.

 

 42 

 

 

 

IV. Kaya Shack TM Marijuana Superstore, Central Salem, Oregon

 

 

 43 

 

     

We are completing construction of and the OLCC licensing process for our fourth outlet, a third Kaya Shack™ Marijuana Superstore, which will be located in Central Salem, Oregon and which we anticipate will open during the last quarter of 2017.

 

Located in the central portion of Oregon’s capital city, Salem, this Kaya Shack™ is 2,770 square feet. The store features an 8’ display case with more than 25 strains of marijuana flower, an additional 8’ display case with a varied selection of oils, concentrates and topicals, an 8’ display case with accessories such as pipes, papers and brand related merchandise, and standing display cases with edibles such as cookies, chocolates, gummies, hard candies and more. The store also has a hospitality area that offers free water, coffee, tea and hot cocoa. The superstore concept also provides for a “third space” sitting area, a fresh juice bar, and in this location, an area for the production of the Company’s brand of custom glass pipes.

 

The store is located in a strip mall directly behind Carl Jr. and Popeye’s Chicken restaurants and alongside a microbrewery sports bar, laundromat, and Hawaiian sandwich shop. The area around the shop is primarily commercial with residential complexes to be constructed in 2018.

 

 

 

 

 

 44 

 

 

  

 

 As discussed in the following section, the Company intends to initiate its Kaya Car™ Home Delivery Service during the fourth quarter of 2017, contemporaneously with a grand opening celebration for all four then OLCC Licensed Kaya Shack™ retail marijuana stores and to commence the to move to the next stage of branding and retail development.

 45 

 

Kaya Shack™ Home Delivery

 

 

 

 

In February 2017, the Company began the process of filing applications to add Home Delivery Service for three of its Kaya Shack™ retail marijuana stores at the advice of one of their OLCC examiners. As of the date of this Quarterly Report, the Company has received approvals from the OLCC to add Home Delivery to their three currently OLCC licensed locations, and is also applying for and expects to receive approval for Home Delivery licensing at its fourth retail outlet, which is currently under construction.

 

In addition to providing added value and convenience for our customers, extending visibility and building brand recognition for the Kaya Shack™ brand, we believe that Home Delivery provides greater market penetration, by allowing sales throughout the geographic area that our stores are licensed in. There is no limit to the number of delivery vehicles that can service an individual area using just one store as a home base, so in effect we intend to use this service to construct additional “virtual” Kaya Shacks™ without the added costs of additional brick and mortar locations.

 

On April 11, 2017, the Company took delivery of its first four Fiat 500 cars and spent the summer of 2017 conducting doing test marketing to our target consumers to determine the final version of and begin building the Kaya Shack™ Home Delivery Service fleet. The “winning design” for the cars is featured below with its distinctive Kaya Car™ vehicle wrapping featuring the Company’s branding logos and colors, and the Company is developing the Kaya Shack™ Delivery App for use by its customers to order “Fast, Free Delivery” of the complete line of both medical and recreational grade Kaya Shack™ cannabis products.

 

The Company intends to initiate its Kaya Shack™ Home Delivery Service utilizing its initial Kaya Car™ fleet during the fourth quarter of 2017, contemporaneously with a grand opening celebration for all four then OLCC Licensed Kaya Shack™ retail marijuana stores and to commence the to move to the next stage of branding and retail development. The Company has reserved and is developing the website kayadelivers.com to advance the growth of its delivery service.

 46 

 

 

Kaya Farms™ Cannabis and Cannabis Products

 

General

 

On March 21, 2017, KAYS announced that it was in the process of expanding its grow and manufacturing operations and had retained a realtor to assist in identifying a suitable 30-60 acre tract of land in Oregon which would permit KAYS to expand its grow operations. As part of this expansion, KAYS ceased operations of its Portland grow facility at the end of March 2017, arranged to maintain its genetics library of over 30 strains of cannabis at an OHA licensed medical grow site and contracted with farmers to meet demand until the new facility is secured, built and fully operational.

 

In August 2017, we acquired a 26 acre parcel in Lebanon, Oregon, which KAYS intends to develop as a legal cannabis cultivation and manufacturing facility. KAYS believes that the acquisition of a property will position the Company for future development, including increased Marijuana Canopy production to the maximum extent allowed by law through use of both greenhouse and outdoor grows, as well as expansion of its production capabilities with brands in oils, vape cartridges, concentrates, a selection of edibles, and infused creams and lotions.

 47 

 

 

Kaya Buddie™ Strain Specific Cannabis Cigarettes

 

 

  

 

In 2016, the Company introduced a signature line of strain-specific connoisseur-grade, pre-rolled cannabis cigarettes branded as “Kaya Buddies™..” The brand, marketed under the tagline “Buds with Benefits,” features over 25 different strains of connoisseur-grade, high quality cannabis and proprietary specialty blends.

 

 

  

The Kaya Buddies™ cannabis cigarettes, made from 100% cannabis bud only, was launched in mid-March in the Kaya Shack™ stores in Oregon and are targeted to service the exploding legal recreational marijuana market and have consistently been very well received by both older medical patients and recreational users new to cannabis. Although they are first being marketed through our internal retail network they are also being targeted for potential distribution lines to other dispensaries.

 48 

 

 

 

Other Potential Markets

 

We believe that revenues and profitability will be enhanced through our planned opening of additional retail outlets utilizing the Kaya Shack™ brand and model in our chain, as well as economies of scale achieved by being a multilocation retail chain and being vertically integrated with grow and manufacturing operations. Ultimately, we believe that we can successfully enter other markets as they open up by applying our “brand” retail chain and vertically integrated grow and manufacture model to other states that legalize recreational marijuana use. Where applicable, we will seek to leverage our public company status to finance organic growth and enable acquisitions of existing locations for the Kaya Shack brand, as well as look to acquire and grow additional brands.

 

On November 8, 2016, California, Maine, Massachusetts and Nevada voted to legalize recreational marijuana, while Arkansas, Florida and North Dakota approved medical cannabis initiatives. Montana, which legalized medical marijuana in 2004, also passed a measure to set up commercial cultivation operations and dispensaries.

 

The California recreational cannabis market is by far the largest potential market in the country, and our operations in Oregon allow for a natural progression and expansion down the I-5 corridor into California. Florida could be a potentially large market for us as well, because we believe that KAYS would have a distinct advantage in the state, as it is one of the few Florida-based entities whose management has significant experience in owning and operating MMDs and grow and manufacturing operations. These markets are substantial, and their development could lead to $7-$8 billion in additional annual retail cannabis sales, according to Marijuana Business Daily’s preliminary estimates.

 

Growth Strategy

 

The Company has established a well-defined strategy for entering and maintaining a strong presence in the legal marijuana sector. The cornerstones of this strategy include:

 

  All operations are to be conducted in accordance with state and local laws and regulations and guidance outlined in the U.S. Department of Justice “Cole Memo” dated August 29, 2013.

 

  The Company will seek to operate in a vertically integrated manner (grow, process and sell) wherever permitted by law. In states where vertical integration is not permitted, the Company plans to determine which of the permitted activities offers the most potential for growth and value creation.

 

  The Company will seek to engage, sponsor or lead local advocacy and lobbying groups that have a significant impact on the evolution and character of laws and the regulations under which legal marijuana operations are implemented in select markets.

 

  The Company shall work with law enforcement and government officials to insure compliance with all regulations.

 

Marketing and Sales

 

The Company will only market its legal marijuana as in compliance with applicable state law.

 

The Company employs a marketing campaign consisting of four cornerstones:

 

  Promoting and establishing the Kaya Shack™ brand.

 

  A positive and active online presence.

 

 49 

 

  Daily specials and promotions.

 

  Quirky and fun holiday specials.

 

Our core strategic marketing objectives include:

 

  Establish the Kaya Shack™ Brand – positioning the Company’s brand to have positive and value related associations with all prospective and existing customers.

 

  Operate Cooperatively cooperation, as a strategy, helps develop a network of suppliers and marketing channels able to promote Kaya Shack™.

 

  Deliver Value customer value is achieved when the perceived value of what we sell along with the value of the experience we deliver exceeds the price we charge.

 

  Drive Customer Traffic the only two ways to increase store income is to sell more to our existing customers and attract new customers. Programs are in place to accomplish both tasks.

 

Government Regulation

 

We are subject to general business regulations and laws, as well as regulations and laws directly applicable to our operations. As we continue to expand the scope of our operations, the application of existing laws and regulations could include matters such as pricing, advertising, consumer protection, quality of products, and intellectual property ownership. In addition, we will also be subject to new laws and regulations directly applicable to our activities.

 

Any existing or new legislation applicable to us could expose us to substantial liability, including significant expenses necessary to comply with such laws and regulations, which could hinder or prevent the growth of our business.

Federal, state and local laws and regulations governing legal recreational and medical marijuana use are broad in scope and are subject to evolving interpretations, which could require us to incur substantial costs associated with compliance. In addition, violations of these laws or allegations of such violations could disrupt our planned business and adversely affect our financial condition and results of operations. In addition, it is possible that additional or revised federal, state and local laws and regulations may be enacted in the future governing the legal marijuana industry. There can be no assurance that we will be able to comply with any such laws and regulations and its failure to do so could significantly harm our business, financial condition and results of operations.

 

Competition

 

The legal marijuana sector is rapidly growing and the Company faces significant competition in the operation of retail outlets, MMDs and grow facilities. Many of these competitors will have far greater experience, more extensive industry contacts and greater financial resources than the Company. There can be no assurance that we can adequately compete to succeed in our business plan.

 

Employees

 

As of the date of this Quarterly Report, our Oregon operations have a total of seventeen (17) part-time store employees including budtenders, trimmers, growers, and 4 fulltime employees, consisting of a Store Manager, a Sales and Marketing Coordinator, the Director of Dispensary and Grow Operations and a Master Grower. Additionally, we engage several consultants to assist with daily duties and business plan implementation and execution. Additional employees will be hired and other consultants engaged in the future as our business expands.

 50 

 

Critical Accounting Estimates

 

The following are deemed to be the most significant accounting estimates affecting us and our results of operations:

 

Fair Value of Financial Instruments

 

The Company follows the provisions of ASC 820. This Topic defines fair value, establishes a measurement framework and expands disclosures about fair value measurements. We apply these provisions to estimate the fair value of our financial instruments including cash, accounts payable and accrued expenses, and notes payable.

 

Income Taxes

 

The Company accounts for income taxes in accordance with ASC 740, Accounting for Income Taxes, as clarified by ASC 740-10, Accounting for Uncertainty in Income Taxes. Our deferred income taxes are determined based on the estimated future tax effects of differences between the financial statement and tax basis of assets and liabilities given the provisions of enacted tax laws. Deferred income tax provisions and benefits are based on changes to the assets or liabilities from year to year. In providing for deferred taxes, the Company considers tax regulations of the jurisdictions in which the Company operates, estimates of future taxable income, and available tax planning strategies. If tax regulations, operating results or the ability to implement tax-planning strategies vary, adjustments to the carrying value of deferred tax assets and liabilities may be required. Valuation allowances are recorded related to deferred tax assets based on the “more likely than not” criteria of ASC 740.

The Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the “more-likely-than-not” threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority.

 

Recently Issued Accounting Pronouncements

 

There are no recent accounting pronouncements issued by the Financial Accounting Standards Board (“FASB”), the American Institute of Certified Public Accountants (“AICPA”), and the SEC believed by management to have a material impact on the Company’s present or future financial statements.

 

Off-Balance Sheet Arrangements

 

There are no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

 

Results of Operations

 

Three months ended September 30, 2017 compared to three months ended September 30, 2016

 

Revenues

 

We had revenues of $320,950 for the three months ended September 30, 2017, as compared to revenues of $263,345 for the three months ended September 30, 2016. The increase in revenues reflects sales at our three retail outlets, all of which were open and operating during the third quarter of 2017, as opposed to only two locations open and operating in the third quarter of 2016.

 51 

 

Operating Expenses

 

General and administrative expenses increased to $367,975 for the three months ended September 30, 2017, from $109,417 for the three months ended September 30, 2016. Salaries and wages increased to $131,762 for the three months ended September 30, 2017 from $65,358 for the three months ended September 30, 2016. The increases in these expense categories from the 2016 quarter to the 2017 quarter reflect our increased level of operations, including construction and licensing of our third Kaya Shack™ Marijuana Superstore (and fourth Kaya Shack™ retail outlet), which is expected to open during the fourth quarter of 2017. Professional fees for the three months ended September 30, 2017, decreased to $166,150 from $815,508 for the three months ended September 30, 2016, reflecting the completion of licensing work with respect to the Company’s third and fourth retail outlets. As a result of the significant decrease in professional fees, total operating expenses decreased to $665,887 for the three months ended September 30, 2017, from $990,283 for the three months ended September 30, 2016, notwithstanding the increased level of the Company’s operations. Accordingly, our operating loss decreased to $467,724 for the three months ended September 30, 2017, from $853,168 for the three months ended September 30, 2016.

 

Interest expense

 

Interest expense increased to $115,552 for the three months ended September 30, 2017 from $45,982 for the three months ended September 30, 2016, reflecting additional debt incurred in the 2017 period to fund expansion of our operations. 

  

Net Loss

 

After giving effect to an operating loss of $467,724, interest expense of $115,552, amortization of debt discount of $569,497 and derivative liabilities from the conversion of debt of $375,950, offset by other income from a change in derivative liability expense of $1,260,200 (arising from the stabilization of our stock prices which reduced the volatility factors used in the derivative calculations), we incurred a net loss of $578,900 for the three months ended September 30, 2017. This compares with a net loss of $1,122,694 for the three months ended September 30, 2016, after giving effect to an operating loss of $853,168, interest expense of $45,982 and amortization of debt discount of $405,530, offset by other income from a change in derivative liability expense of $181,986.

 

The majority of our net loss during the three-month period ending September 30, 2017 was a result of the derivative liabilities from the conversion of debt in the three months ended September 30, 2017 and from. In addition, as noted above, our revenues were impacted during the 2017 quarter as a result of our inability to process legal recreational marijuana sales at our Portland outlet because of delays in securing OLCC licensing for the facility.

 

Nine months ended September 30, 2017 compared to nine months ended September 30, 2016

 

Revenues

 

We had revenues of $667,601 for the nine months ended September 30, 2017, as compared to revenues of $754,093 for the nine months ended September 30, 2016. The decrease in revenues in the 2017 period from the comparable period in 2016 resulted from the delay in receiving OLCC licensing for our Portland retail outlet until May 2, 2017, which rendered such location unable to process legal recreational sales for the first four calendar months of 2017, which was offset in part by sales from our third retail location (and second Kaya Shack™ Marijuana Superstore), which received its OLCC license and commenced recreational and medical marijuana sales in March 2017.

 

 

Operating Expenses

 

General and administrative increased to $911,598 for the nine months ended September 30, 2017, from $338,073 for the nine months ended September 30, 2016. Salaries and wages increased to $311,253 for the nine months ended September 30, 2017, from $216,691 for the nine months ended September 30, 2016. The increases in these expense categories from the 2016 to the 2017 periods, reflects our increased level of operations, including construction and licensing of two additional Kaya Shack™ Marijuana Superstores, the first of which opened in March 2017 and the second of which is expected to open during the fourth quarter of 2017. Professional fees for the nine months ended September 30, 2017, decreased to $523,551 from $1,205,293 for the nine months ended September 30, 2016, reflecting the completion of licensing work with respect to the Company’s third and fourth retail outlets. The significant increase in general and administrative expenses was offset by the significant decrease in professional fees, resulting in total operating expenses of $1,746,402 for the nine months ended September 30, 2017. This compares to total operating expenses of $1,760,067 for the nine months ended September 30, 2016. Accordingly, our operating loss decreased to $1,351,465 for the nine months ended September 30, 2017, from $1,426,966 for the nine months ended September 30, 2016, notwithstanding the increased level of the Company’s operations.

 52 

 

Interest expense

 

Interest expense increased to $260,295 for the nine months ended September 30, 2017, as compared to $195,968 for the nine months ended September 30, 2016, reflecting additional debt incurred in the 2017 period to fund expansion of our operations. 

  

Net Income (Loss)

 

After giving effect to an operating loss of $1,351,465, interest expense of $260,295, legal settlement of $247,500, amortization of debt discount of $1,678,899, derivative liabilities expense of $16,221,943 and loss on extinguishment of debt of $67,442, offset by other income from a change in derivative liabilities expense of $22,114,526 (arising from the stabilization of our stock prices which reduced the volatility factors used in the derivative calculations), we had net income of $2,286,982 for the nine months ended September 30, 2017. This compares with a net loss of $960,825 for the nine months ended September 30, 2016, after giving effect to an operating loss of $1,426,966, interest expense of $195,968, amortization of debt discount of $978,288, derivative liabilities expense of $129,340 and loss on extinguishment of debt of $126,000, offset by other income from a change in derivative liabilities expense of $1,895,657 (arising from the stabilization of our stock prices which reduced the volatility factors used in the derivative calculations).  

 

Liquidity and Capital Resources

 

 

The discussion that follows is derived from our interim unaudited Condensed Consolidated Balance Sheets as of September 30, 2017 and December 31, 2016 and the interim unaudited Condensed Consolidated Statement of Cash Flows for the nine months ended September 30, 2017 (“2017”) and 2016 (“2016”).

 

Overview

 

During 2017 our cash position decreased by $21,282 to $285,603 and our negative working capital decreased by $407,139 to $1,401,463, excluding derivative liabilities. As of September 30, 2017, our working capital consisted of cash of $285,603; inventories of $150,936; and prepaid expenses of $20,274. Our current liabilities include accounts payable of $147,798 and $13,586, accrued expenses of $395,739 and notes payable of $1,050,000.

 

The following table sets forth the major sources and uses of cash for the nine months ended September 30, 2017 and 2016:

 

   2017  2016
Net cash used in operating activities  $(1,705,128)  $(576,960)
Net cash used in investing activities   (679,824)   (28,224)
Net cash provided by financing activities   2,363,671    522,422 
Net (decrease) increase in cash  $(21,281)  $(82,762)

 

Cash Used in Operating Activities

 

During 2017 we used cash of $1,705,128 (2016 - $576,960) in operating activities. This was made up of the net income (loss) of $2,286,982 (2016 – (899,566)), adjusted for non-cash items such as: Depreciation of $54,403 (2016 - $59,964); Imputed interest of $30,000 (2016 - $90,000); change in derivative liabilities $(22,114,526) (2016 – ($1,895,656)); Derivative expense $16,221,943 (2016 - $129,340); Loss on extinguishment of debt $67,442 (2016-$126,000); amortization of debt discount of $1,678,899 (2016 - $978,208); and shares for interest of $29,638 (2016 - $9,000). Inventory decrease of $66,939 (2016 – an increase of $40,915); a decrease in prepaid expenses of $15,774 (2016 – $14,000); an increase in accrued interest of $188,683 (2016- $104,005); and an increase in accounts payable and accrued expenses of $40,582 (2016 – an increase of $142,382).

 53 

 

Cash Used in Investing Activities

 

During 2017 we used cash of $679,824 in investing activities. This amount was spent on the purchase of our 26 acre real property in Lebanon, Oregon, the buildout of location #4 in Salem, Oregon and on furniture and equipment.

 

During 2016 we used cash of $28,224 in investing activities. A total of $28,224 was spent on furniture and equipment.

 

Cash Provided by Financing Activities

 

During 2017 $2,500,000 of convertible debt was issued to provide working capital. The Company used $23,500 to repay convertible debt and $112,829 to repay an equipment note payable and other notes payable.

 

During 2016 the Company raised a total of $575,000 through the private sale of debt and equity securities and used $52,578 to repay notes payable and $100,000 from the sale of stock.

 

 

Additional Capital

 

As of September 30, 2017, we had cash of $285,602 and a working capital deficiency of $1,401,463, excluding derivative liabilities.

 

On May 11, 2017, we entered into a financing agreement with an institutional investor (the “Investor”) to provide the Company with up to $5.8 million in convertible note funding through July 31, 2018 (the “May 2017 Financing Agreement”). The May 2011 Financing Agreement was amended as of July 31, 2017, to increase the amount of funding available to the Company thereunder to $6.3 million and to extend the time period for such funding to May 31, 2019 and was additionally amended as of November 15, 2017 to further increase the amount of funding available to the Company thereunder to $7.0 million and to extend the time period for such funding to November 30, 2019.

 

Funding under the May 2017 Financing Agreement, as amended, takes the form of the offer and sale of Convertible Notes (the “$7.0M Notes”). The $7.0 Notes are substantially similar in form and substance to the $2.1M Notes that were part of the $2.1 million Financing Agreement entered into between the Company and the Investor in December 2016 and completed in March of 2017 (as well as the approximately $1.2 million in financing previously received from the Investor in 2014 and 2015), except that the $7.0M Notes are due and payable on January 1, 2020.

 

As of the date of this Quarterly Report, the Investor has purchased an aggregate of $1,150,000 in principal amount of $7.0M Notes from the Company under the May 2017 Financing Agreement, as amended to date, of which (a) $500,000 in principal amount of $7.0M Notes are convertible into shares of the Company’s common stock at a conversion price of $0.05 (the “$0.05Notes”); (b) $150,000 in principal amount of $7.0M Notes, which are convertible into shares of the Company’s common stock at a conversion price of $0.03 (the “$0.03Notes”); and (c) $500,000 in principal amount of $7.0M Notes, which are (i) convertible into shares of the Company’s common stock at a conversion price of $0.03; and (ii) secured by a mortgage lien on the 26 acre property acquired by the Company during the third quarter of 2017 (the $0.03 Secured Notes”). 

 54 

 

Cash Used in Investing Activities

 

During 2017 we used cash of $679,825 in investing activities. This amount was spent on the purchase of our 26 acre real property in Lebanon, Oregon, the buildout of location #4 in Salem, Oregon and on furniture and equipment.

 

During 2016 we used cash of $28,224 in investing activities. A total of $28,224 was spent on furniture and equipment.

 

Cash Provided by Financing Activities

 

During 2017 $2,500,000 of convertible debt was issued to provide working capital. The Company used $23,500 to repay convertible debt and $112,829 to repay an equipment note payable and other notes payable.

 

During 2016 the Company raised a total of $575,000 through the private sale of debt and equity securities and used $52,578 to repay notes payable.

 

 

Additional Capital

 

As of September 30, 2017, we had cash of $285,602 and a working capital deficiency of $1,401,463.

 

On May 11, 2017, we entered into a financing agreement with an institutional investor (the “Investor”) to provide the Company with up to $5.8 million in convertible note funding through July 31, 2018 (the “May 2017 Financing Agreement”). The May 2011 Financing Agreement was amended as of July 31, 2017, to increase the amount of funding available to the Company thereunder to $6.3 million and to extend the time period for such funding to May 31, 2019 and was additionally amended as of November 15, 2017 to further increase the amount of funding available to the Company thereunder to $7.0 million and to extend the time period for such funding to November 30, 2019.

 

Funding under the May 2017 Financing Agreement, as amended, takes the form of the offer and sale of Convertible Notes (the “$7.0M Notes”). The $7.0 Notes are substantially similar in form and substance to the $2.1M Notes that were part of the $2.1 million Financing Agreement entered into between the Company and the Investor in December 2016 and completed in March of 2017 (as well as the approximately $1.2 million in financing previously received from the Investor in 2014 and 2015), except that the $7.0M Notes are due and payable on January 1, 2020.

 

As of the date of this Quarterly Report, the Investor has purchased an aggregate of $1,150,000 in principal amount of $7.0M Notes from the Company under the May 2017 Financing Agreement, as amended to date, of which (a) $500,000 in principal amount of $7.0M Notes are convertible into shares of the Company’s common stock at a conversion price of $0.05 (the “$0.05Notes”); (b) $150,000 in principal amount of $7.0M Notes, which are convertible into shares of the Company’s common stock at a conversion price of $0.03 (the “$0.03Notes”); and (c) $500,000 in principal amount of $7.0M Notes, which are (i) convertible into shares of the Company’s common stock at a conversion price of $0.03; and (ii) secured by a mortgage lien on the 26 acre property acquired by the Company during the third quarter of 2017 (the $0.03 Secured Notes”).

 

 55 

 

 

 

Item 3. Quantitative and Qualitative Disclosures About Market Risk

 

Not applicable.

 

Item 4. Controls and Procedures

 

Evaluation of Disclosure Controls and Procedures

 

Under the direction of Chief Executive Officer and Acting Chief Financial Officer (our principal executive, financial and accounting officer), we evaluated our disclosure controls and procedures as of September 30, 2017. Our Chief Executive Officer and Acting Chief Financial Officer (our principal executive, financial and accounting officer) concluded that our disclosure controls and procedures were not effective as of September 30, 2017 for the reasons set forth in our Annual Report on Form 10-K for the year ended December 31, 2016.

 

We maintain disclosure controls and procedures that are designed to ensure that the information required to be disclosed in the reports that we file under the Securities Exchange Act of 1934 (the “Exchange Act”) is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Acting Chief Financial Officer (our principal executive, financial and accounting officer), as appropriate, to allow timely decisions regarding required disclosures. In designing and evaluating the disclosure controls and procedures, management recognized that any controls and procedures, no matter how well designed and operated, can only provide reasonable assurance of achieving the desired control objectives, and in reaching a reasonable level of assurance, management necessarily was required to apply its judgment in evaluating the cost benefit relationship of possible controls and procedures.

 

 

As required by SEC Rule 13a15(b), we carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer and Acting Chief Financial Officer (our principal executive, financial and accounting officer), of the effectiveness of the design and operation of our disclosure controls and procedures as of the end of our fourth fiscal quarter covered by this report. Based on the foregoing, our Chief Executive Officer and Acting Chief Financial Officer (our principal executive, financial and accounting officer) concluded that our disclosure controls and procedures were not effective. It should be noted that the design of any system of controls is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future

 

Changes in Internal Controls

 

There was no change in our internal controls or in other factors that could affect these controls during the quarter ended September 30, 2017, that has materially affected, or is reasonably likely to materially affect, our internal controls over financial reporting. We do not anticipate any changes to our internal controls at this time.

 

 

 56 

 

 

PART II – OTHER INFORMATION

   

Item 1. Legal Proceedings

 

On June 22, 2016, Daniel A. Goldin and Wally Goldin commenced an action in Oregon Circuit Court, Multnomah County, against the Company, MJAI, its direct majority-owned subsidiary, Craig Frank, our Chairman, President and Chief Executive Officer, William David Jones, a consultant to our Company and BMN Capital Group, LLC (the “Action”). The plaintiffs alleged breach of contract, state securities fraud and state racketeering claims against the defendants arising from alleged misrepresentations made in subscription agreements with the Company entered into in October 2015 and January 2016 by Daniel A. Goldin and Wally Goldin, respectively, pursuant to which they each purchased 2,222,222 “restricted” shares of our common stock for $100,000 in a private transaction. In addition, Daniel A. Goldin alleged that the Company breached a purported employment agreement with him pursuant to which he was purportedly to be compensated for working in our Oregon operations through a combination of cash and stock. The plaintiffs are sought in excess of $1.7 million in damages.

The Company believed that not only was the Action without merit, but that it had various counterclaims against the plaintiffs, particularly Daniel L. Goldin. The Company defended against the Action and pursued its counterclaims both in the Action and in a separate lawsuit commenced against the plaintiffs in the U.S. District Court for the Southern District of Florida in which the Company alleged fraud by the plaintiffs and sought damages and the return of the common stock issued to the Company’s treasury

In September 2017, the parties entered in a settlement agreement, pursuant to which Mr. Goldin waived any rights to a total of 1.2 million shares of KAYS stock (200,000 shares of our common stock which were already issued in his name and an additional 1,000,000 shares which were to be issued) and $40,000 in cash compensation payable to him under the employment agreement. The Company paid the plaintiffs the sum of $247,500, in exchange for the return of the stock and the waiver of claims against any further stock or cash, all litigation was dismissed by the parties and the parties exchanged mutual releases.

In entering into the settlement agreement, the Company also took into consideration that legal fees and litigation costs incurred in proceeding further might very well exceed any judgment that would be awarded to the Company and the other defendants, and that even if a judgment were awarded, that there was significant doubt of the collectability of any such judgment from the Goldins.

 

Item 1A. Risk Factors.

 

See “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2016.

 

 

 57 

 

 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

 

On May 11, 2017, we entered into a financing agreement with an institutional investor (the “Investor”) to provide the Company with up to $5.8 million in convertible note funding through July 31, 2018 (the “May 2017 Financing Agreement”). The May 2011 Financing Agreement was amended as of July 31, 2017, to increase the amount of funding available to the Company thereunder to $6.3 million and to extend the time period for such funding to May 31, 2019 and was additionally amended as of November 15, 2017 to further increase the amount of funding available to the Company thereunder to $7.0 million and to extend the time period for such funding to November 30, 2019.

 

Funding under the May 2017 Financing Agreement, as amended, takes the form of the offer and sale of Convertible Notes (the “$7.0M Notes”). The $7.0 Notes are substantially similar in form and substance to the $2.1M Notes that were part of the $2.1 million Financing Agreement entered into between the Company and the Investor in December 2016 and completed in March of 2017 (as well as the approximately $1.2 million in financing previously received from the Investor in 2014 and 2015), except that the $7.0M Notes are due and payable on January 1, 2020.

 

As of the date of this Quarterly Report, the Investor has purchased an aggregate of $1,150,000 in principal amount of $7.0M Notes from the Company under the May 2017 Financing Agreement, as amended to date, of which (a) $500,000 in principal amount of $7.0M Notes are convertible into shares of the Company’s common stock at a conversion price of $0.05 (the “$0.05Notes”); (b) $150,000 in principal amount of $7.0M Notes, which are convertible into shares of the Company’s common stock at a conversion price of $0.03 (the “$0.03Notes”); and (c) $500,000 in principal amount of $7.0M Notes, which are (i) convertible into shares of the Company’s common stock at a conversion price of $0.03; and (ii) secured by a mortgage lien on the 26 acre property acquired by the Company during the third quarter of 2017 (the $0.03 Secured Notes”).

 

Under the May 2017 Financing Agreement, as amended to date, the Investor has the right to purchase another tranche of $0.03 Notes up to an aggregate of $1,050,000 in principal amount, at any time and from time to time through March 31, 2018.

 

Provided the Investor has fulfilled its obligation to purchase the additional $1,050,000 in principal amount of $0.03 Notes from the Company on or before September 30, 2018, the Investor will have the right to purchase another tranche of $0.05 Notes up to an aggregate of $1,000,000 in principal amount, at any time and from time to time through July 31, 2018.

 

Provided the Investor has fulfilled its obligation to purchase the additional $1,000,000 in principal amount of $0.05 Notes from the Company on or before March 31, 2018, the Investor will have the right to purchase up to an aggregate of $1,600,000 in principal amount of $7.0M Notes, which are convertible into shares of the Company’s common stock at a conversion price of $0.08 per share, at any time and from time to time through January 31, 2019 (the “$0.08 Notes”).

 

Provided the Investor has fulfilled its obligation to purchase all $1,600,000 in principal amount of $0.08 Notes from the Company on or before January 31, 2019, the Investor will have the right to purchase up to an additional $2,200,000 in principal amount of $7.0N Notes from the Company at any time and from time to time through November 30, 2019, which Notes will be convertible into shares of common stock at a conversion price of $0.11.

 

These securities were issued without registration under the Securities Act of 1933, as amended pursuant to the exemption from registration afforded by Section 4 (a) (2) thereof and Regulation D thereunder.

 

Item 3. Defaults Upon Senior Securities.

 

None.

 

Item 4. Mine Safety Disclosures.

 

Not applicable.

 

 58 

 

 

Item 5. Other Information.

 

None  

 

Item 6. Exhibits

 

 

 

Exhibit No.   Description of Exhibit

 

10.1 

 

 

November 15, 2017 Amendment to May 2017 Financing Agreement

 

 

31.1

 

 

 

 

 

 

 

 

 

Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Rule 130-14 of the Securities Exchange Act of 1934, as amended, pursuant to Section 302 of the SarbanesOxley Act of 2002

 

     
32.1   Certification of the Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes Oxley Act of 2002

 

SIGNATURES

 

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.  

 

Dated: November 20, 2017

 

KAYA HOLDINGS, INC.

 

 

By: /s/ Craig Frank

Craig Frank, Chairman, President, Chief Executive Officer and Acting Chief Financial Officer

(Principal Executive, Financial and Accounting Officer)

 

 

 

 59 

 

 

 

 

 

 

 

 

 

EX-10.1 2 kaya10q111517ex10_1.htm EFFECTIVE AS OF NOVEMBER 15, 2017

Exhibit 10.1

 

 

Effective as of November 15, 2017

 

Cayman Venture Capital Fund

Governors Square, 2ndFloor

23 Lime Tree Bay Avenue, P.O. Box 1569

Grand Cayman KY1-1110, Cayman Islands

 

Re:Amendment No. 2 to Financing Agreement Dated May 11, 2017, as amended effective July 31, 2017 (the “Agreement”) by and between Kaya Holdings, Inc. (the “Company”) and Cayman Venture Capital Fund (the “Investor”)

 

Ladies and Gentlemen:

 

Reference is made to the Agreement. The Company and the Investor hereby agree to further amend the Agreement as follows:

 

1.                  The maximum principal amount of Notes which has been issued and is issuable under the Agreement is hereby increased from $6.3 million to $7.0 million.

 

2.                  The terms on which the Investor has purchased and has agreed to purchase up to $7.0 million in Notes (the “$7.0M Notes”) pursuant to the Agreement are hereby amended as follows:

 

·As of November 15, 2017, the Investor has purchased an aggregate of $1,150,000 in principal amount of $7.0M Notes from the Company under the Agreement, as amended to date, of which (a) $500,000 in principal amount of $7.0M Notes are convertible into shares of the Company’s common stock at a conversion price of $0.05 (the “$0.05Notes”); (b) $150,000 in principal amount of $7.0M Notes, which are convertible into shares of the Company’s common stock at a conversion price of $0.03 (the “$0.03Notes”); and (c) $500,000 in principal amount of $7.0M Notes, which are (i) convertible into shares of the Company’s common stock at a conversion price of $0.03; and (ii) secured by a mortgage lien on the 26 acre property acquired by the Company during the third quarter of 2017 (the “$0.03 Secured Notes”).

 

·Under the Agreement, as amended to date, the Investor has the right to purchase another tranche of $0.03 Notes up to an aggregate of $1,050,000 in principal amount, at any time and from time to time through March 31, 2018.

 

·Provided the Investor has fulfilled its obligation to purchase the additional $1,050,000 in principal amount of $0.03 Notes from the Company on or before March 31, 2018, the Investor will have the right to purchase another tranche of $0.05 Notes up to an aggregate of $1,000,000 in principal amount, at any time and from time to time through July 31, 2018.

  

 

 

·Provided the Investor has fulfilled its obligation to purchase the additional $1,000,000 in principal amount of $0.05 Notes from the Company on or before July 31, 2018, the Investor will have the right to purchase up to an aggregate of $1,600,000 in principal amount of $7.0M Notes, which are convertible into shares of the Company’s common stock at a conversion price of $0.08 per share, at any time and from time to time through January 31, 2019 (the “$0.08 Notes”).

 

·Provided the Investor has fulfilled its obligation to purchase all $1,600,000 in principal amount of $0.08 Notes from the Company on or before January 31, 2019, the Investor will have the right to purchase up to an additional $2,200,000 in principal amount of $7.0N Notes from the Company at any time and from time to time through November 30, 2019, which Notes will be convertible into shares of common stock at a conversion price of $0.11.

 

3.                  All capitalized terms not otherwise defined herein shall have the same meanings as given in the Agreement.

 

If the foregoing correctly reflects our understanding, please so indicate by countersigning this letter below.

 

Sincerely,

 

KAYA HOLDINGS, INC.

 

 

By: /s/ Craig Frank

Craig Frank, Chairman, President, Chief Executive Officer and Acting Chief Financial Officer

954-612-6475

craig@kayaholdings.com

 

ACCEPTED AND AGREED TO

EFFECTIVE AS OF NOVEMBER 15, 2017

 

CAYMAN VENTURE CAPITAL FUND

 

 

By: /s/ David M. L. Roberts

David M. L. Roberts, Director

 

  

 

 

 

 

EX-31.1 3 kaya10q111517ex31_1.htm CERTIFICATION OF CHIEF EXECUTIVE OFFICER

  Exhibit 31.1

 

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

AND CHIEF FINANCIAL OFFICER PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

 

I, Craig Frank, Chairman, President, Chairman, President, Chief Executive Officer and Acting Chief Financial Officer of Kaya Holdings, Inc., a Delaware corporation (the “Registrant”), certify that:

 

  1. I have reviewed this Form 10-Q for the quarter ended September 30, 2017 of the Registrant;

 

  2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

  3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;

 

  4. I, as the Registrant’s sole officer, am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e)and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15 (f) and 15d-15(f)) for the registrant and have:

 

  a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

  b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

  c) Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

  d) Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

 

  5. I, as the Registrant’s sole officer, have disclosed, based on my most recent evaluation of internal control over financial reporting, to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):

 

  a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and

 

  b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

 

Date: November 20, 2017

 

KAYA HOLDINGS, INC.

By: /s/ Craig Frank

Craig Frank, Chairman, President, Chief Executive Officer and Acting Chief Financial Officer

(Principal Executive, Financial and Accounting Officer)

 

 

EX-32.1 4 kaya10q111517ex32_1.htm CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER

Exhibit 32.1

 

CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350 AS ADOPTED

PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of Kaya Holdings, Inc., a Delaware corporation (the “Company”) on Form 10-Q for the quarter ended September 30, 2017, as filed with the Securities and Exchange Commission on the date hereof (the “ Report”), I, Craig Frank, the Chairman, President, Chief Executive Officer and Acting Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:

 

  1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

  2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

  

Date:  November 20, 2017      

 

KAYA HOLDINGS, INC.  

 

By: /s/ Craig Frank

Chairman, President, Chief Executive Officer and Acting Chief Financial Officer

(Principal Executive, Financial and Accounting Officer)  

 

EX-101.INS 5 kayaholdingscom-20170930.xml XBRL INSTANCE FILE 0001530746 2017-01-01 2017-09-30 0001530746 2017-11-17 0001530746 2016-01-01 2016-09-30 0001530746 2017-09-30 0001530746 2016-12-31 0001530746 kayaholdingscom:NotePayable1Member 2017-09-30 0001530746 kayaholdingscom:NotePayable2Member 2017-09-30 0001530746 kayaholdingscom:NotePayable3Member 2017-09-30 0001530746 kayaholdingscom:NotePayable4Member 2017-09-30 0001530746 kayaholdingscom:NotePayable5Member 2017-09-30 0001530746 kayaholdingscom:NotePayable1Member 2016-12-31 0001530746 kayaholdingscom:NotePayable2Member 2016-12-31 0001530746 kayaholdingscom:NotePayable3Member 2016-12-31 0001530746 kayaholdingscom:NotePayable4Member 2016-12-31 0001530746 kayaholdingscom:NotePayable5Member 2016-12-31 0001530746 2017-07-01 2017-09-30 0001530746 2016-07-01 2016-09-30 0001530746 2015-12-31 0001530746 2016-09-30 0001530746 kayaholdingscom:ConvertibleNote1Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote18Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote34Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote2Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote33Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote3Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote32Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote4Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote31Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote5Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote30Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote6Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote29Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote7Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote28Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote8Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote27Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote9Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote26Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote10Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote25Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote11Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote24Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote12Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote23Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote13Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote22Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote14Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote21Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote15Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote35Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote20Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote16Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote19Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote17Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote36Member 2017-09-30 0001530746 kayaholdingscom:ConvertibleNote20Member 2016-12-31 0001530746 kayaholdingscom:ConvertibleNote16Member 2016-12-31 0001530746 kayaholdingscom:ConvertibleNote15Member 2016-12-31 0001530746 kayaholdingscom:ConvertibleNote22Member 2016-12-31 0001530746 kayaholdingscom:ConvertibleNote23Member 2016-12-31 0001530746 kayaholdingscom:ConvertibleNote24Member 2016-12-31 0001530746 kayaholdingscom:ConvertibleNote14Member 2016-12-31 0001530746 kayaholdingscom:ConvertibleNote13Member 2016-12-31 0001530746 kayaholdingscom:ConvertibleNote12Member 2016-12-31 0001530746 kayaholdingscom:ConvertibleNote25Member 2016-12-31 0001530746 kayaholdingscom:ConvertibleNote11Member 2016-12-31 0001530746 kayaholdingscom:ConvertibleNote10Member 2016-12-31 0001530746 kayaholdingscom:ConvertibleNote27Member 2016-12-31 0001530746 kayaholdingscom:ConvertibleNote9Member 2016-12-31 0001530746 kayaholdingscom:ConvertibleNote28Member 2016-12-31 0001530746 kayaholdingscom:ConvertibleNote8Member 2016-12-31 0001530746 kayaholdingscom:ConvertibleNote29Member 2016-12-31 0001530746 kayaholdingscom:ConvertibleNote30Member 2016-12-31 0001530746 kayaholdingscom:ConvertibleNote31Member 2016-12-31 0001530746 kayaholdingscom:ConvertibleNote4Member 2016-12-31 0001530746 kayaholdingscom:ConvertibleNote3Member 2016-12-31 0001530746 kayaholdingscom:ConvertibleNote2Member 2016-12-31 0001530746 kayaholdingscom:ConvertibleNote1Member 2016-12-31 0001530746 kayaholdingscom:ConvertibleNote19Member 2016-12-31 0001530746 kayaholdingscom:ConvertibleNote18Member 2016-12-31 0001530746 kayaholdingscom:ConvertibleNote17Member 2016-12-31 iso4217:USD xbrli:shares iso4217:USD xbrli:shares Kaya Holdings, Inc. 0001530746 10-Q 2017-09-30 false --12-31 No No Yes Smaller Reporting Company Q3 2017 <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>NOTE 1 &#8211; ORGANIZATION AND NATURE OF THE BUSINESS</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Organization</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Kaya Holdings, Inc., a Delaware corporation (the &#8220;Company&#8221; or &#8220;KAYS&#8221;), is a holding company. The Company was incorporated in 1993 and has engaged in a number of businesses. Its name was changed on May 11, 2007 to NetSpace International Holdings, Inc. (&#8220;NetSpace&#8221;). NetSpace acquired 100% of Alternative Fuels Americas, Inc, (a Florida corporation) in January 2010 in a stock-for-member interest transaction and issued 6,567,247 shares of common stock and 100,000 shares of Series C convertible preferred stock to existing shareholders. A Certificate of Amendment to the Certificate of Incorporation was filed in October 2010 changing the Company&#8217;s name from NetSpace International Holdings, Inc. to Alternative Fuels Americas, Inc. A Certificate of Amendment to the Certificate of Incorporation was filed in March 2015 changing the Company&#8217;s name from Alternative Fuels Americas, Inc. to Kaya Holdings, Inc.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has three subsidiaries, Alternative Fuels Americas, Inc, a Florida corporation, which is wholly-owned, Marijuana Holdings Americas, Inc., a Florida corporation (&#8220;MJAI&#8221;), which is majority-owned and 34225 Kowitz Road, LLC, an Oregon limited liability company which holds the Company&#8217;s recently acquired 26 acre property in Lebanon, Oregon on which it plans to develop a legal cannabis cultivation and manufacturing facility. MJAI develops and operates the Company&#8217;s Kaya Shack&#8482; legal cannabis retail operations in Oregon through controlling ownership interests in four Oregon limited liabilities companies: MJAI Oregon 1 LLC, MJAI Oregon 2 LLC, MJAI Oregon 3 LLC and MJAI Oregon 4 LLC.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Nature of the Business</i></b>&#160;&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In January 2014, KAYS incorporated MJAI, a wholly-owned subsidiary, to focus on opportunities in the legal recreational and medical marijuana in the United States. MJAI has concentrated its efforts in Oregon, where through controlled Oregon limited liability companies, it initially secured licenses to operate a medical marijuana dispensary (an &#8220;MMD&#8221;) and following legalization of recreational cannabis use in Oregon, has secured licenses to operate three retail outlets (with the license application for a fourth outlet pending) and purchased 26 acres for development as a legal cannabis cultivation and manufacturing facility. The Company has developed the Kaya Shack&#8482; brand for its retail operations.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On July 3, 2014, the Company opened its first Kaya Shack&#8482; MMD in Portland, Oregon.&#160; In April 2015, KAYS commenced its own medical marijuana grow operations for the cultivation and harvesting of legal marijuana thereby becoming the first publicly traded U.S. company to own a majority interest in a vertically integrated legal marijuana enterprise in the United States. In October 2015, concurrent with Oregon commencing legal sales of recreational marijuana through MMDs, KAYS opened its second retail outlet in Salem, Oregon, the Kaya Shack&#8482; Marijuana Superstore. During 2015, the Company also consolidated its grow operations and manufacturing operations into a single facility in Portland, Oregon.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In 2016, Oregon began the process to transition legal marijuana sales from Oregon Health Authority (&#8220;OHA&#8221;) licensed MMDs and grow operations to Oregon Liquor Control Commission (&#8220;OLCC&#8221;) licensed recreational marijuana retailers and producer and processing facilities. Effective January 1, 2017, all retailers of recreational marijuana were required to have a recreational marijuana sales license issued by the OLLC for each retail outlet operated.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Accordingly, in 2016 the Company applied for OLLC licenses for its two initial Kaya Shack&#8482; retail outlets (Portland, Oregon and South Salem, Oregon), and also submitted license applications for its two new locations under construction and development at that time.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In late December 2016, we received our OLCC recreational license for the South Salem Kaya Shack&#8482; Marijuana Superstore (Kaya Shack&#8482; OLCC Marijuana Retailer License #1) and recreational and medical sales continued without interruption from 2016 through the present at that location.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;On March 21, 2017, we received our North Salem Kaya Shack&#8482; outlet (Kaya Shack&#8482; OLCC Marijuana Retailer License #2) a 2,600-square foot Kaya Shack&#8482; Marijuana Superstore in North Salem, Oregon, whereupon the location opened for business with both recreational and medical sales.&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 2, 2017, we received our OLCC recreational license for our Portland Kaya Shack&#8482; outlet (Kaya Shack&#8482; OLCC Marijuana Retailer License #3) after a delay of approximately four months. During that period, we were limited to solely medical sales at the Portland location. Upon receipt of Kaya Shack&#8482; OLCC Marijuana Retailer License #3, recreational sales recommenced at that location. Our OLCC License for the Central Salem Kaya Shack&#8482; Marijuana Superstore (Kaya Shack&#8482; OLCC Marijuana Retailer License #4) has been filed and is pending completion, inspection and final licensing.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">During the third quarter of 2017, we purchased 26 acres in Lebanon, Oregon, for development as a legal cannabis cultivation and manufacturing facility.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>NOTE 2 - LIQUIDITY AND GOING CONCERN</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s consolidated financial statements as of and for the three and nine months ended September 30, 2017 have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. The Company incurred a net income of $2,451,489 for the nine months ended September 30, 2017 and a net loss of $899,566 for the nine months ended September 30, 2016. At September 30, 2017, the Company has a working capital deficiency of $5,324,478 and is totally dependent on its ability to raise capital. The Company has a plan of operations and acknowledges that its plan of operations may not result in generating positive working capital in the near future. Even though management believes that it will be able to successfully execute its business plan, which includes third-party financing and capital issuance, and meet the Company&#8217;s future liquidity needs, there can be no assurances in that regard. These matters raise substantial doubt about the Company&#8217;s ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the outcome of this material uncertainty. Management recognizes that the Company must generate additional funds to successfully develop its operations and activities. Management plans include:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8226;</font></td> <td style="width: 1%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td style="width: 96%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">the sale of additional equity and debt securities,</font></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8226;</font></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">alliances and/or partnerships with entities interested in and having the resources to support the further development of the Company&#8217;s business plan,</font></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8226;</font></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">business transactions to assure continuation of the Company&#8217;s development and operations,</font></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8226;</font></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">development of a unified brand and the pursuit of licenses to operate recreational and medical marijuana facilities under the branded name.</font></td></tr> </table> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0"><font style="font-size: 10pt">&#160;</font><font style="font-size: 12pt">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b><i>Basis of Presentation</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b><i>&#160;</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) under the accrual basis of accounting.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Use of Estimates</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Such estimates and assumptions impact both assets and liabilities, including but not limited to: net realizable value of accounts receivable and inventory, estimated useful lives and potential impairment of property and equipment, the valuation of intangible assets, estimate of fair value of share based payments and derivative liabilities, estimates of fair value of warrants issued and recorded as debt discount, estimates of tax liabilities and estimates of the probability and potential magnitude of contingent liabilities.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate could change in the near term due to one or more future non-conforming events. Accordingly, actual results could differ significantly from estimates.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Risks and Uncertainties</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s operations are subject to risk and uncertainties including financial, operational, regulatory and other risks including the potential risk of business failure.&#160;&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 6pt">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has experienced, and in the future expects to continue to experience, variability in its sales and earnings.&#160;&#160;The factors expected to contribute to this variability include, among others, (i) the uncertainty associated with the commercialization and ultimate success of the product, (ii) competition inherent at other locations where product is expected to be sold (iii) general economic conditions and (iv)&#160;the related volatility of prices pertaining to the cost of sales.&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Fiscal Year</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s fiscal year-end is December 31.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Principles of Consolidation</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The consolidated financial statements include the accounts of Kaya Holdings, Inc. and its subsidiary, Alternative Fuels Americas, Inc. (a Florida corporation) and Marijuana Holdings Americas, Inc. (a Florida corporation) which is a majority owned subsidiary including all wholly owned LLC&#8217;s (MJAI Oregon 1 LLC, MJAI Oregon 2 LLC, MJAI Oregon 3 LLC, MJAI Oregon 4 LLC).&#160; All inter-company accounts and transactions have been eliminated in consolidation.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Non-Controlling Interest</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The company owns 55% of Marijuana Holdings Americas, Inc.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Cash and Cash Equivalents</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less. The Company had no cash equivalents</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Inventory</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Inventory consists of finished goods purchased, which are valued at the lower of cost or market value, with cost being determined on the first-in, first-out method.&#160;&#160;The Company periodically reviews historical sales activity to determine potentially obsolete items and also evaluates the impact of any anticipated changes in future demand.&#160;&#160;Total Value of Finished goods inventory as of September 30, 2017 is $150,936 and $83,997 as of December 31, 2016. No allowance was necessary as of September 30, 2017 and December 31, 2016.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Property and Equipment</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Property and equipment is stated at cost, less accumulated depreciation and is reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.&#160;&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Depreciation of property and equipment is provided utilizing the straight-line method over the estimated useful lives, ranging from 5-7 years of the respective assets. Expenditures for maintenance and repairs are charged to expense as incurred.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Upon sale or retirement of property and equipment, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in the statements of operations.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Long-lived assets</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company reviews long-lived assets and certain identifiable intangibles held and used for possible impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In evaluating the fair value and future benefits of its intangible assets, management performs an analysis of the anticipated undiscounted future net cash flow of the individual assets over the remaining amortization period. The Company recognizes an impairment loss if the carrying value of the asset exceeds the expected future cash flows.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Operating Leases</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">We lease our retail stores under non-cancellable operating leases. Most store leases include tenant allowances from landlords, rent escalation clauses and/or contingent rent provisions. We recognize rent expense on a straight-line basis over the lease term, excluding contingent rent, and record the difference between the amount charged to expense and the rent paid as a deferred rent liability.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 6pt">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Deferred Rent and Tenant Allowances</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Deferred rent is recognized when a lease contains fixed rent escalations. We recognize the related rent expense on a straight-line basis starting from the date of possession and record the difference between the recognized rental expense and cash rent payable as deferred rent. Deferred rent also includes tenant allowances received from landlords in accordance with negotiated&#160;lease terms. The tenant allowances are amortized as a reduction to rent expense on a straight-line basis over the term of the lease starting at the date of possession.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Earnings Per Share</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In accordance with ASC 260, Earnings per Share, the Company calculates basic earnings per share by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted earnings per share are computed if the Company has net income; otherwise it would be antidilutive, and would result from the conversion of a convertible note.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Income Taxes</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounts for income taxes in accordance with ASC 740, Accounting for Income Taxes, as clarified by ASC 740-10, Accounting for Uncertainty in Income Taxes.&#160; Under this method, deferred income taxes are determined based on the estimated future tax effects of differences between the financial statement and tax basis of assets and liabilities given the provisions of enacted tax laws. Deferred income tax provisions and benefits are based on changes to the assets or liabilities from year to year. In providing for deferred taxes, the Company considers tax regulations of the jurisdictions in which the Company operates, estimates of future taxable income, and available tax planning strategies. If tax regulations, operating results or the ability to implement tax-planning strategies vary, adjustments to the carrying value of deferred tax assets and liabilities may be required. Valuation allowances are recorded related to deferred tax assets based on the &#8220;more likely than not&#8221; criteria of ASC 740.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC 740-10 requires that the Company recognize the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the &#8220;more-likely-than-not&#8221; threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50&#160;percent likelihood of being realized upon ultimate settlement with the relevant tax authority.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Fair Value of Financial Instruments</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company measures assets and liabilities at fair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The following are the hierarchical levels of inputs to measure fair value:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 1%; padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/107% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">&#8226;</font></td> <td style="width: 1%; padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/107% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="width: 98%; padding-right: 5.4pt; padding-left: 5.4pt"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Level 1 &#8211; Observable inputs that reflect quoted market prices in active markets</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">for identical assets or liabilities.</p></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#8226;</font></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: justify">&#160;</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Level 2 - Inputs reflect quoted prices for identical assets or liabilities in markets</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">that are not active; quoted prices for similar assets or liabilities in active</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">markets; inputs other than quoted prices that are observable for the assets</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">or liabilities; or inputs that are derived principally from or corroborated by</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">observable market data by correlation or other means.</p></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#8226;</font></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: justify">&#160;</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Level 3 &#8211;&#160;Unobservable inputs reflecting the Company&#8217;s assumptions</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">incorporated in valuation techniques used to determine fair value.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">These assumptions are required to be consistent with market participant</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">assumptions that are reasonably available.</p></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The carrying amounts of the Company&#8217;s financial assets and liabilities, such as cash, prepaid expenses, other current assets, accounts payable &#38; accrued expenses, certain notes payable and notes payable &#8211; related party, approximate their fair values because of the short maturity of these instruments.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The Company accounts for its derivative liabilities, at fair value, on a recurring basis under level 3. See Note 7.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Embedded Conversion Features</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company evaluates embedded conversion features within convertible debt under ASC 815 &#8220;Derivatives and Hedging&#8221; to determine whether the embedded conversion feature(s) should be bifurcated from the host instrument and accounted for as a derivative at fair value with changes in fair value recorded in earnings. If the conversion feature does not require derivative treatment under ASC 815, the instrument is evaluated under ASC 470-20 &#8220;Debt with Conversion and Other Options&#8221; for consideration of any beneficial conversion feature.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Derivative Financial Instruments</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of it financial instruments, including stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported as charges or credits to income. For option-based simple derivative financial instruments, the Company uses the Black-Scholes option-pricing model to value the derivative instruments at inception and subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is re-assessed at the end of each reporting period.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Beneficial Conversion Feature</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">For conventional convertible debt where the rate of conversion is below market value, the Company records a &#34;beneficial conversion feature&#34; (&#34;BCF&#34;) and related debt discount.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">When the Company records a BCF, the relative fair value of the BCF is recorded as a debt discount against the face amount of the respective debt instrument (offset to additional paid in capital) and amortized to interest expense over the life of the debt.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Debt Issue Costs and Debt Discount</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company may record debt issue costs and/or debt discounts in connection with raising funds through the issuance of debt.&#160;&#160;These costs may be paid in the form of cash, or equity (such as warrants). These costs are amortized to interest expense over the life of the debt. If a conversion of the underlying debt occurs, a proportionate share of the unamortized amounts is immediately expensed.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Original Issue Discount</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">For certain convertible debt issued, the Company may provide the debt holder with an original issue discount.&#160;&#160;The original issue discount would be recorded to debt discount, reducing the face amount of the note and is amortized to interest expense over the life of the debt.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Extinguishments of Liabilities</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounts for extinguishments of liabilities in accordance with ASC 860-10 (formerly SFAS 140) &#8220;Accounting for Transfers and Servicing of Financial Assets and Extinguishment of Liabilities&#8221;. When the conditions are met for extinguishment accounting, the liabilities are derecognized and the gain or loss on the sale is recognized.&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Stock-Based Compensation - Employees</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounts for its stock based compensation in which the Company obtains employee services in share-based payment transactions under the recognition and measurement principles of the fair value recognition provisions of section 718-10-30 of the FASB Accounting Standards Codification. Pursuant to paragraph 718-10-30-6 of the FASB Accounting Standards Codification, all transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.&#160;&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The measurement date used to determine the fair value of the equity instrument issued is the earlier of the date on which the performance is complete or the date on which it is probable that performance will occur.&#160;&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">If the Company is a newly formed corporation or shares of the Company are thinly traded, the use of share prices established in the Company&#8217;s most recent private placement memorandum (based on sales to third parties) (&#8220;PPM&#8221;), or weekly or monthly price observations would generally be more appropriate than the use of daily price observations as such shares could be artificially inflated due to a larger spread between the bid and asked quotes and lack of consistent trading in the market.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The fair value of share options and similar instruments is estimated on the date of grant using a Black-Scholes option-pricing valuation model.&#160;&#160;The ranges of assumptions for inputs are as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8226;</font></td> <td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td style="width: 93%; padding-right: 5.4pt; padding-left: 5.4pt"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Expected term of share options and similar instruments: The expected life of options and similar instruments represents the period of time the option and/or warrant are expected to be outstanding. Pursuant to Paragraph 718-10-50-2(f)(2)(i) of the FASB Accounting Standards Codification the expected term of share options and similar instruments represents the period of time the options and similar instruments are expected to be outstanding taking into consideration of the contractual term of the instruments and employees&#8217; expected exercise and post-vesting employment termination behavior into the fair value (or calculated value) of the instruments.&#160;&#160;Pursuant to paragraph 718-10-S99-1, it may be appropriate to use the&#160;simplified method,&#160;i.e.,&#160;expected term = ((vesting term + original contractual term) / 2), if (i) A company does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate expected term due to the limited period of time its equity shares have been publicly traded; (ii) A company significantly changes the terms of its share option grants or the types of employees that receive share option grants such that its historical exercise data may no longer provide a reasonable basis upon which to estimate expected term; or (iii) A company has or expects to have significant structural changes in its business such that its historical exercise data may no longer provide a reasonable basis upon which to estimate expected term. The Company uses the simplified method to calculate expected term of share options and similar instruments as the company does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate expected term.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8226;</font></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Expected volatility of the entity&#8217;s shares and the method used to estimate it.&#160;&#160;Pursuant to ASC Paragraph 718-10-50-2(f)(2)(ii) a thinly-traded or nonpublic entity that uses the calculated value method shall disclose the reasons why it is not practicable for the Company to estimate the expected volatility of its share price, the appropriate industry sector index that it has selected, the reasons for selecting that particular index, and how it has calculated historical volatility using that index.&#160;&#160;The Company uses the average historical volatility of the comparable companies over the expected contractual life of the share options or similar instruments as its expected volatility.&#160;&#160;If shares of a company are thinly traded the use of weekly or monthly price observations would generally be more appropriate than the use of daily price observations as the volatility calculation using daily observations for such shares could be artificially inflated due to a larger spread between the bid and asked quotes and lack of consistent trading in the market.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8226;</font></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Expected annual rate of quarterly dividends.&#160;&#160;An entity that uses a method that employs different dividend rates during the contractual term shall disclose the range of expected dividends used and the weighted-average expected dividends.&#160;&#160;The expected dividend yield is based on the Company&#8217;s current dividend yield as the best estimate of projected dividend yield for periods within the expected term of the share options and similar instruments.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8226;</font></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Risk-free rate(s). An entity that uses a method that employs different risk-free rates shall disclose the range of risk-free rates used.&#160;&#160;The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for periods within the expected term of the share options and similar instruments.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p></td></tr> </table> <p style="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Generally, all forms of share-based payments, including stock option grants, warrants and restricted stock grants and stock appreciation rights are measured at their fair value on the awards&#8217; grant date, based on estimated number of awards that are ultimately expected to vest.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The expense resulting from share-based payments is recorded in general and administrative expense in the statements of operations.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Stock-Based Compensation &#8211; Non Employees</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><i><u>Equity Instruments Issued to Parties Other Than Employees for Acquiring Goods or Services</u></i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounts for equity instruments issued to parties other than employees for acquiring goods or services under guidance of Sub-topic 505-50 of the FASB Accounting Standards Codification (&#8220;Sub-topic 505-50&#8221;).</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to ASC Section 505-50-30, all transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.&#160;&#160;The measurement date used to determine the fair value of the equity instrument issued is the earlier of the date on which the performance is complete or the date on which it is probable that performance will occur.&#160;&#160;If the Company is a newly formed corporation or shares of the Company are thinly traded the use of share prices established in the Company&#8217;s most recent private placement memorandum (&#8220;PPM&#8221;), or weekly or monthly price observations would generally be more appropriate than the use of daily price observations as such shares could be artificially inflated due to a larger spread between the bid and asked quotes and lack of consistent trading in the market.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The fair value of share options and similar instruments is estimated on the date of grant using a Black-Scholes option-pricing valuation model.&#160;&#160;The ranges of assumptions for inputs are as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8226;</font></td> <td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td style="width: 95%; padding-right: 5.4pt; padding-left: 5.4pt"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Expected term of share options and similar instruments: Pursuant to Paragraph 718-10-50-2(f)(2)(i) of the FASB Accounting Standards Codification the expected term of share options and similar instruments represents the period of time the options and similar instruments are expected to be outstanding taking into consideration of the contractual term of the instruments and holder&#8217;s expected exercise behavior into the fair value (or calculated value) of the instruments.&#160;&#160;The Company uses historical data to estimate holder&#8217;s expected exercise behavior.&#160;&#160;If the Company is a newly formed corporation or shares of the Company are thinly traded the contractual term of the share options and similar instruments is used as the expected term of share options and similar instruments as the Company does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate expected term.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8226;</font></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%">&#160;</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Expected volatility of the entity&#8217;s shares and the method used to estimate it.&#160;&#160;Pursuant to ASC Paragraph 718-10-50-2(f)(2)(ii) a thinly-traded or nonpublic entity that uses the calculated value method shall disclose the reasons why it is not practicable for the Company to estimate the expected volatility of its share price, the appropriate industry sector index that it has selected, the reasons for selecting that particular index, and how it has calculated historical volatility using that index.&#160;&#160;The Company uses the average historical volatility of the comparable companies over the expected contractual life of the share options or similar instruments as its expected volatility.&#160;&#160;If shares of a company are thinly traded the use of weekly or monthly price observations would generally be more appropriate than the use of daily price observations as the volatility calculation using daily observations for such shares could be artificially inflated due to a larger spread between the bid and asked quotes and lack of consistent trading in the market.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8226;</font></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%">&#160;</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Expected annual rate of quarterly dividends.&#160;&#160;An entity that uses a method that employs different dividend rates during the contractual term shall disclose the range of expected dividends used and the weighted-average expected dividends.&#160;&#160;The expected dividend yield is based on the Company&#8217;s current dividend yield as the best estimate of projected dividend yield for periods within the expected term of the share options and similar instruments.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8226;</font></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%">&#160;</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Risk-free rate(s). An entity that uses a method that employs different risk-free rates shall disclose the range of risk-free rates used.&#160;&#160;The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for periods within the expected term of the share options and similar instruments.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p></td></tr> </table> <p style="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to ASC paragraph 505-50-25-7, if fully vested, non-forfeitable equity instruments are issued at the date the grantor and grantee enter into an agreement for goods or services (no specific performance is required by the grantee to retain those equity instruments), then,&#160;because of the elimination of any obligation on the part of the counterparty to earn the equity instruments, a measurement date has been reached.&#160;A grantor shall recognize the equity instruments when they are issued (in most cases, when the agreement is entered into). Whether the corresponding cost is an immediate expense or a prepaid asset (or whether the debit should be characterized as contra-equity under the requirements of paragraph&#160;505-50-45-1) depends on the specific facts and circumstances.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to ASC paragraph 505-50-45-1, a grantor may conclude that an asset (other than a note or a receivable) has been received in return for fully vested, non-forfeitable equity instruments that are issued at the date the grantor and grantee enter into an agreement for goods or services (and no specific performance is required by the grantee in order to retain those equity instruments). Such an asset shall not be displayed as contra-equity by the grantor of the equity instruments. The transferability (or lack thereof) of the equity instruments shall not affect the balance sheet display of the asset. This guidance is limited to transactions in which equity instruments are transferred to other than employees in exchange for goods or services. Section&#160;505-50-30 provides guidance on the determination of the measurement date for transactions that are within the scope of this Subtopic.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to Paragraphs 505-50-25-8 and 505-50-25-9,&#160;an entity may grant fully vested, non-forfeitable equity instruments that are exercisable by the grantee only after a specified period of time if the terms of the agreement provide for earlier exercisability if the grantee achieves specified performance conditions.&#160;Any measured cost of the transaction shall be recognized in the same period(s) and in the same manner as if the entity had paid cash for the goods or services or used cash rebates as a sales discount instead of paying with, or using, the equity instruments. A recognized asset, expense, or sales discount shall not be reversed if a share option and similar instrument that the counterparty has the right to exercise expires unexercised.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to ASC paragraph 505-50-30-S99-1, if the Company receives a right to receive future services in exchange for unvested, forfeitable equity instruments, those equity instruments are treated as unissued for accounting purposes until the future services are received (that is, the instruments are not considered issued until they vest). Consequently, there would be no recognition at the measurement date and no entry should be recorded.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Revenue Recognition</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Revenue is recorded when all of the following have occurred: (1) persuasive evidence of an arrangement exists, (2) asset is transferred to the customer without further obligation, (3) the sales price to the customer is fixed or determinable, and (4) collectability is reasonably assured.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Cost of Sales</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Cost of sales represents costs directly related to the purchase of goods and third party testing of the Company&#8217;s products.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Related Parties</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company follows subtopic 850-10 of the FASB Accounting Standards Codification for the identification of related parties and disclosure of related party transactions.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to Section 850-10-20 the related parties include a. affiliates of the Company; b. Entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of Section 825&#8211;10&#8211;15, to be accounted for by the equity method by the investing entity; c. trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management; d. principal owners of the Company; e. management of the Company; f. other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and g. Other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The consolidated financial statements shall include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. However, disclosure of transactions that are eliminated in the preparation of consolidated or combined financial statements is not required in those statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The disclosures shall include: a. the nature of the relationship(s) involved; b. a description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements; c. the dollar amounts of transactions for each of the periods for which income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period; and d. amounts due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Contingencies</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company follows subtopic 450-20 of the FASB Accounting Standards Codification to report accounting for contingencies. Certain conditions may exist as of the date the consolidated financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company&#8217;s financial statements. If the assessment indicates that a potentially material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed. However, there is no assurance that such matters will not materially and adversely affect the Company&#8217;s business, consolidated financial position, and consolidated results of operations or consolidated cash flows.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;<b>Uncertain Tax Positions</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company did not take any uncertain tax positions and had no adjustments to its income tax liabilities or benefits pursuant to the provisions of Section 740-10-25 for the reporting periods ended December 31, 2016, 2015 and 2014.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Subsequent Events</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company follows the guidance in Section 855-10-50 of the FASB Accounting Standards Codification for the disclosure of subsequent events.&#160;The Company will evaluate subsequent events through the date when the&#160;financial statements are issued.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to ASU 2010-09 of the FASB Accounting Standards Codification, the Company as an SEC filer considers its financial statements issued when they are widely distributed to users, such as through filing them on EDGAR.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Recently Issued Accounting Pronouncements</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In March 2016, the FASB issued ASU 2016-09, Stock Compensation, which is intended to simplify the accounting for share based payment award transactions. The new standard will modify several aspects of the accounting and reporting for employee share based payments and related tax accounting impacts, including the presentation in the statements of operations and cash flows of certain tax benefits or deficiencies and employee tax withholdings, as well as the accounting for award forfeitures over the vesting period. The guidance is effective for fiscal years beginning after December 15, 2016, including interim periods within that year, and will be adopted by the Company in the first quarter of fiscal 2017. The Company anticipates the new standard will result in an increase in the number of shares used in the calculation of diluted earnings per share and will add volatility to the Company&#8217;s effective tax rate and income tax expense. The magnitude of such impacts will depend in part on whether significant employee stock option exercises occur.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In April 2015, the FASB issued Accounting Standards Update No. 2015-03, Interest&#8212;Imputation of Interest (Topic 83530): Simplifying the Presentation of Debt Issuance Costs (&#8220;ASU 2015-03&#8221;). ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs is not affected by ASU 2015-03. ASU 2015-03 is effective for financial statements issued for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years.&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In July 2015, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory (&#8220;ASU 2015-11&#8221;), which applies guidance on the subsequent measurement of inventory. ASU 2015-11 states that an entity should measure inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonable predictable costs of completion, disposal and transportation. The guidance excludes inventory measured using last in, first out or the retail inventory method. ASU 2015-11 is effective for interim and annual reporting periods beginning after December 15, 2016. Early adoption is permitted. The Company is not planning to early adopt ASU 2015-11 and is currently evaluating ASU 2015-11 to determine the potential impact to its condensed consolidated financial statements and related disclosures.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In February 2016, the FASB issued ASU&#160;No.&#160;2016-02,&#160;&#8220;Leases (Topic 842).&#8221; The ASU will increase transparency and comparability among entities by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The ASU will require lessees to recognize in the balance sheet a liability to make lease payments (the lease liability) and a&#160;right-of-use&#160;asset representing its right to use the underlying asset for the lease term. The ASU is effective for annual reporting periods beginning after December&#160;15, 2018 and interim periods within those annual periods. We do not believe the adoption of this update will have a material impact on our financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In August 2016, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update (&#8221;ASU&#8221;)&#160;No.&#160;2016-15,&#160;&#8220;Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments.&#8221; This ASU includes specific guidance to address diversity in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The ASU is effective for annual reporting periods beginning after December&#160;15, 2017 and interim periods within those annual periods. The Company does not expect the adoption of this ASU to have a significant impact on the consolidated financial statements.&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b><i>&#160;</i></b>&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Re-Classifications</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b><i>&#160;</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Certain amounts in 2016 were reclassified to conform to the 2017 presentation. These reclassifications had no effect on consolidated net loss for the periods presented.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The fair value of the warrants on the date of issuance and on each re-measurement date of those warrants classified as liabilities is estimated using the Black-Scholes option pricing model using the following assumptions: contractual life according to the remaining terms of the warrants, no dividend yield, weighted average risk-free interest rate of 1.09% at September 30, 2017 and weighted average volatility of 130%. For this liability, the Company developed its own assumptions that do not have observable inputs or available market data to support the fair value. This method of valuation involves using inputs such as the fair value of the Company's various classes of preferred stock, stock price volatility, the contractual term of the warrants, risk free interest rates and dividend yields.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>NOTE 4 &#8211; CONVERTIBLE DEBT</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">These debts have a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; &#160;The derivative component of the obligation are initially valued and classified as a derivative liability with an offset to discounts on convertible debt. Discounts have been amortized to interest expense over the respective term of the related note. In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.08 per share to $0.49 per share and a conversion price ranging from $0.03 per share to $0.12 per share. The total derivative liabilities associated with these notes are $12,362,150 at September 30, 2017 and $19,346,348 as of December 31, 2016.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">See Summary Table &#8211; Page 17</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" colspan="8" style="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible Debt Summary</font></td></tr> <tr style="vertical-align: bottom; background-color: #D9D9D9"> <td rowspan="2" style="border-left: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Footnote Number</font></td> <td rowspan="2" style="border-left: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Debt Type</font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Debt Classification</font></td> <td rowspan="2" style="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Interest Rate</font></td> <td nowrap="nowrap" rowspan="2" style="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Due Date</font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;Ending </font></td></tr> <tr style="vertical-align: bottom; background-color: #D9D9D9"> <td nowrap="nowrap" style="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;Current </font></td> <td nowrap="nowrap" style="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;LT </font></td> <td nowrap="nowrap" style="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;09.30.17 </font></td> <td nowrap="nowrap" style="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;12.31.16 </font></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 13%; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="width: 13%; border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">A</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">10.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-17</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;$25,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;$25,000 </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">B</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;65,700 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;58,556 </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">C</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;32,850 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;29,278 </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">D</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;209,047 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;186,316 </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">F</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Converted</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;117,113 </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">G</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Converted</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;117,113 </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">H</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Converted</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;55,895 </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">I</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Converted</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;67,074 </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">J</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Converted</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;23,442 </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">K</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Converted</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;23,442 </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">L</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;30,424 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;27,116 </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">M</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;131,236 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;116,966 </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">N</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;55,983 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">O</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;109,167 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;100,000 </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">P</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;52,767 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Q</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;52,050 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">R</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;203,867 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">S</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;50,400 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">T</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;250,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">V</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-18</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;25,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">W</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-18</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;15,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">X</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-18</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;60,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Y</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-18</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;50,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Z</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Converted</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;25,000 </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">AA</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">6.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Converted</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;18,500 </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">BB</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">10.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;50,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;50,000 </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">CC</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">10.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;100,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;100,000 </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">DD</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">10.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">30-Nov-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;50,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;50,000 </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">EE</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">0.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">31-Dec-17</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;500,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;500,000 </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">KK</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;150,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">LL</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;600,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">MM</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;100,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">NN</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;500,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">OO</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;500,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">PP</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-20</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;500,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">QQ</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-20</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><u>&#160;150,000 </u></font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><u>&#160;-&#160;&#160;&#160;</u></font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" colspan="3" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Current Convertible Debt</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><u>&#160;875,000 </u></font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><u>&#160;1,690,811 </u></font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" colspan="3" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Long-Term&#160;&#160;Convertible Debt</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><u>&#160;3,743,490 </u></font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><u>&#160;-&#160;&#160;&#160;</u></font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total Convertible Debt</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><u>&#160;$4,618,490 </u></font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><u>&#160;$1,690,811 </u></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><u>FOOTNOTES FOR CONVERTIBLE DEBT SUMMARY TABLE</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(1)</font></td> <td style="width: 1%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td style="width: 94%; padding-right: 5.4pt; padding-left: 5.4pt"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>(A)</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">At the option of the holder the convertible note may be converted into shares of the Company&#8217;s common stock at the lesser of $0.40 or 20% discount to the market price, as defined, of the Company&#8217;s common stock. The Company is currently in discussions with the lender on a payment schedule. The outstanding balance of this note is convertible into a variable number of the Company&#8217;s common stock: therefore the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; &#160;The derivative component of the obligation are initially valued and classified as a derivative liability with an offset to discounts on convertible debt. Discounts have being amortized to interest expense over the respective term of the related note. In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.08% to .87%, volatility ranging from 130% of 157%, trading prices ranging from $.08 per share to $0.49 per share and a conversion price ranging from $0.05 per share to $0.12 per share. The balance of the convertible note at September 30, 2017 including accrued interest and net of the discount amounted to $43,075.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">The Company valued the derivative liabilities at September 30, 2017 at $23,610. The Company recognized a change in the fair value of derivative liabilities for the three months ended September 30, 2017 of $(640), which were credited to operations. &#160;In determining the indicated values at September 30, 2017, since the debt is in default the company used the maximum value these embedded options represent, with a trading price of $.14, and conversion prices of $0.11 per share.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="vertical-align: top; width: 5%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%">&#160;</td> <td style="vertical-align: top; width: 1%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%">&#160;</td> <td style="vertical-align: top; width: 93%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%; text-indent: 26.2pt">&#160;</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%">&#160;</td> <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>(B), (C), (D), (H), (I), (J), (K), (L), (M)</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&#160;</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 31, 2015 the Company renegotiated twelve (12) convertible and non-convertible notes payable. The Total face value of the notes issued was $888,500. The six-month notes were due on December 31, 2015. The new notes are convertible after January 1, 2016 and are convertible into the Company&#8217;s common stock at a conversion rate of $0.03 per share. The market value of the stock at the date when the debt becomes convertible was $0.087.. All these amended debts have a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; &#160;The derivative component of the obligation are initially valued and classified as a derivative liability with an offset to discounts on convertible debt. Discounts were amortized to interest expense over the respective term of the related note. In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.06%, volatility ranging from 155% of 221%, trading prices ranging from $.078 per share to $0.1 per share and a conversion price ranging from $0.03 per share to $0.04 per share. The total derivative liabilities associated with these notes (one note was converted during the quarter ended March 31, 2016 and two notes were converted during the quarter ended December 31, 2016).was $2,640,030 at December 31, 2015 and $4,718,754 at December 31, 2016, respectively.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On January 1, 2017 the Company renegotiated the nine (9) remaining convertible notes payable The total face value of the remaining notes issued was $588,085. The notes are due on January 1, 2019. The new notes were convertible after January 1, 2017 into the Company&#8217;s common stock at a conversion rate of $0.03 per share. The market value of the stock at the date when the debt became convertible was $0.2675. As of September 30, 2017, the principal balance was $469,256. All these amended debts have a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; &#160;The derivative component of the obligation are initially valued and classified as a derivative liability with an offset to discounts on convertible debt. Discounts are being amortized to interest expense over the respective term of the related note. In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 221%, trading prices ranging from $.14 per share to $0.22 per share and a conversion price ranging from $0.03 per share per share. The total derivative liabilities associated with these five&#160; remaining notes are $1,927,297 at September 30, 2017.</p></td></tr> </table> <p style="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt">&#160;&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(N)</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&#160;</i></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">On January 8, 2016, the Company received $50,000 from the issuance of convertible debt. Interest is stated at 12% The Note and Interest is convertible into common shares at $0.03 per share. Note was Due in January of 2017&#160;&#160;. On January 1, 2017, this note was amended to extend the due date to January 1, 2019 and the interest rate was reduced to 8% and the accrued interest in the amount of $5,983 was added to the principal of the new note. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; &#160; The derivative component of the obligation is initially valued and classified as a derivative liability with an offset to discounts on convertible debt. Discounts are amortized to interest expense over the respective term of the related note. In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The principal balance as of September 30, 2017 is $55,983. The derivative liability associated with this note as of September 30, 2017 was $229,967.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 4.5pt 0 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(O)</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&#160;</i></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">On March 31, 2016, the Company received $100,000 from the issuance of convertible debt. Interest is stated at 12% The Note and Interest is convertible into common shares at $0.03 per share. Note was Due in January of 2017. On January 1, 2017, this note was amended to extend the due date to January 1, 2019 and the interest rate was reduced to 8% and the accrued interest in the amount of $9,167 was added to the principal of the new note. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; &#160; The derivative component of the obligation is initially valued and classified as a derivative liability with an offset to discounts on convertible debt. Discounts are amortized to interest expense over the respective term of the related note. In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share.The principal balance as of September 30, 2017 is $109,167. The derivative liability associated with this note as of September 30, 2017 was $448,334.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 4.5pt 0 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(P)</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&#160;</i></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">On July 13, 2016, the Company received $50,000 from the issuance of convertible debt. Interest is stated at 12% The Note and Interest is convertible into common shares at $0.03 per share. Note was Due in January of 2017. On January 1, 2017, this note was amended to extend the due date to January 1, 2019 and the interest rate was reduced to 8% and the accrued interest in the amount of $2,767 was added to the principal of the new note. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; &#160; The derivative component of the obligation is initially valued and classified as a derivative liability with an offset to discounts on convertible debt. Discounts are amortized to interest expense over the respective term of the related note. In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The principal balance as of September 30, 2017 is $52,767. The derivative liability associated with this note as of September 30, 2017 was $216,706.</font></td></tr> </table> <p style="font: 12pt/normal Times New Roman, Times, Serif; margin: 0 4.5pt 0 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(Q)</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&#160;</i></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">On August 30, 2016, the Company received $50,000 from the issuance of convertible debt. Interest is stated at 12% The Note and Interest is convertible into common shares at $0.03 per share. Note was Due in January of 2017. On January 1, 2017, this note was amended to extend the due date to January 1, 2019 and the interest rate was reduced to 8% and the accrued interest in the amount of $2,050 was added to the principal of the new note. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; &#160; In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The principal balance as of September 30, 2017 is $52,050. The derivative liability associated with this note as of September 30, 2017 was $213,763.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 4.5pt 0 0; text-align: justify">&#160;&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(R)</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&#160;</i></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">On November 3, 2016, the Company received $200,000 from the issuance of convertible debt. Interest is stated at 12% The Note and Interest is convertible into common shares at $0.03 per share. Note is Due in January of 2018. On January 1, 2017, this note was amended to extend the due date to January 1, 2019 and the interest rate was reduced to 8% and the accrued interest in the amount of $3,867 was added to the principal of the new note. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The principal balance as of September 30, 2017 is $203,867. The derivative liability associated with this note as of September 30, 2017 was $837,255.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 4.5pt 0 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(S)</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&#160;</i></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">On December 1, 2016, the Company received $50,000 from the issuance of convertible debt. Interest is stated at 10% The Note and Interest is convertible into common shares at $0.03 per share. Note is Due in January of 2018. On January 1, 2017, this note was amended to extend the due date to January 1, 2019 and the interest rate was reduced to 8% and the accrued interest in the amount of $400 was added to the principal of the new note. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; &#160; In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The principal balance as of September 30, 2017 is $50,400. The derivative liability associated with this note as of September 30, 2017 was $206,986.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 4.5pt 0 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; text-align: right; line-height: 107%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(T)</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&#160;</i></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">On December 30, 2016 the Company received $250,000 from the issuance of convertible debt. Interest is stated at 10% The Note and Interest is convertible into common shares at $0.04 per share. Note is Due in January of 2019. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; &#160; In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.08%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The derivative liability associated with this note as of September 30, 2017 was $731,553.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 4.5pt 0 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(U)</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 4.5pt 0 0; text-align: justify"><i>&#160;</i></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">On March 13, 2016, the Company received $25,000 from the issuance of convertible debt. Interest is stated at 12% The Note and Interest is convertible into common shares at $0.03 per share. Note was Due in January of 2017. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; &#160; In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.08%, volatility ranging from 134% of 157%, trading prices ranging from $.05 per share to $.09. The Note and Interest was converted to common shares on September 13, 2016</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 4.5pt 0 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; line-height: 107%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><i><u>(V)</u></i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&#160;</i></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">On September 13, 2016 the Company received $25,000 from the issuance of convertible debt. Interest is stated at 12% The Note and Interest is convertible into common shares at $0.045 per share. Note is Due in January of 2018. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; &#160; In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49. The derivative liability associated with this note as of September 30, 2017 was $58,970.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; color: red">&#160;&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(W)</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&#160;</i></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">On October 16, 2016 the Company received $15,000 from the issuance of convertible debt. Interest is stated at 12% The Note and Interest is convertible into common shares at $0.03 per share. Note is Due in January of 2018. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The derivative liability associated with this note as of September 30, 2017 was $60,417.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&#160;</i></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(X)</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&#160;</i></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">On November 18, 2016 the Company received $60,000 from the issuance of convertible debt. Interest is stated at 12% The Note and Interest is convertible into common shares at $0.03 per share. Note is Due in January of 2018. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The derivative liability associated with this note as of September 30, 2017 was $239,768.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 4.5pt 0 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; text-align: right; line-height: 107%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(Y)</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&#160;</i></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">On December 7, 2016 the Company received $50,000 from the issuance of convertible debt. Interest is stated at 12% The Note and Interest is convertible into common shares at $0.03 per share. Note is Due in January of 2018. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.08%, volatility ranging from 134% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The Note and Interest was converted to common shares in July of 2017</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 4.5pt 0 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(Z)</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&#160;</i></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">On October 1, 2015, the Company renegotiated a convertible notes payable. The original note was issued March 13, 2015 and due September 30, 2015, with conversion rate of $0.06 per share. The new note had an extended the due date to January 1, 2017 and convertible into the Company&#8217;s common stock at a conversion rate of $0.045 per share. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.08%, volatility ranging from 134% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The Note and Accrued interest was converted to common stock on September 23, 2016</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 4.5pt 0 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(AA)</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&#160;</i></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">On July 27, 2015, the Company issued a note payable for $28,500. The Company agrees to pay to the Holder $28,500 plus accrued interest pursuant to the following schedule:</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px">&#160;</td> <td style="width: 24px; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#183;</font></td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">An initial payment of $5,000 is due no later than December 1, 2015. This amount represents the balance of the security deposit due for the lease of Commercial/Manufacturing Space occupied by MJAI Oregon 1, LLC, an indirect controlled subsidiary of the Company. </font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px">&#160;</td> <td style="width: 24px; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#183;</font></td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">A final payment of $42,700 principal, plus any accrued Interest at 10% is due no later than April 1, 2017. This amount represents the balance of accrued rent due for the initial monthly lease payments from August 1, 2015 through December 31, 2016.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">The note was convertible after March 31, 2016 and is convertible into the Company&#8217;s common stock at a conversion rate of $0.10 per share or 20% discount to the thirty day moving average stock price. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.08%, volatility ranging from 134% of 157%, trading prices ranging from $.05 per share to $0.49 per share. This note was paid in full as a result of a settlement agreement on March 31, 2017. The remaining balance is zero.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(BB)</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&#160;</i></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">On September 23, 2015, the Company received a total of $50,000 from an accredited investor in exchange for a two year note in the aggregate amount of $50,000 with interest accruing at 10%. The note and interest is convertible after September 23, 2015 into the Company&#8217;s common stock at a conversion rate of $0.03 per share. The market value of the stock at the date when the debt becomes convertible was $0.089. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The derivative liability associated with this note as of September 30, 2017 was $184,507. The note has been extended to January 1, 2019</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&#160;</i></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(CC)</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&#160;</i></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">On September 23, 2015, the Company received a total of $100,000 from an accredited investor in exchange for a two year note in the aggregate amount of $100,000 with interest accruing at 10%. The note and interest is convertible after September 23, 2015 into the Company&#8217;s common stock at a conversion rate of $0.03 per share. The market value of the stock at the date when the debt becomes convertible was $0.078. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The derivative liability associated with this note as of September 30, 2017 was $368,997. The note has been extended to January 1, 2019</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(DD)</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&#160;</i></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">On September 23, 2015, the Company received a total of $50,000 from an accredited investor in exchange for a two year note in the aggregate amount of $50,000 with interest accruing at 10%. The note and interest is convertible after September 23, 2015 into the Company&#8217;s common stock at a conversion rate of $0.03 per share. The market value of the stock at the date when the debt becomes convertible was $0.078. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The derivative liability associated with this note as of September 30, 2017 was $184,507. The note has been extended to November 30, 2017</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 4.5pt 0 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(EE) and (FF)</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&#160;</i></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">At December 31, 2013, the Company was indebted to an affiliated shareholder of the Company for $840,955, which consisted of $737,100 principal and $103,895 accrued interest, with interest accruing at 10%. On January 2, 2014, the Company entered into a Debt Modification Agreement whereby the total amount of the debt was reduced to $750,000 and there is no accrued interest or principal due until December 31, 2017. $500,000 of the debt is convertible into 50,000 Series C Convertible Preferred Shares of AFAI, which if converted are subject to resale restrictions through December 31, 2017. The two-year note in the aggregate amount of $500,000 is convertible into the Company&#8217;s preferred stock at a conversion rate of $10.00 per share of preferred. At a conversion rate of 433.9297 common shares to 1 preferred share, this would result in a total of 21,696,485 common shares issued if all debt was converted. The market value of the stock at the date of issuance of the debt was $0.04. The remaining $250,000 is not convertible. The company has imputed interest on both the convertible debt and the non-convertible debt. The company used an interest rate of 4% for calculation purposes. The net balance of $250,000 of the non-convertible portion is reflected on the balance sheet. This note was modified and restated as of June 20, 2015, see Footnote 9. As of September 30, 2017, the balance of the convertible portion of the debt was $500,000. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share.The derivative liability associated with this convertible portion of the note as of September 30, 2017 was $2,539,521.</font></td></tr> </table> <p style="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 4.5pt 0 0; text-align: justify"></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">The net balance reflected on the balance sheet is for the convertible portion net of remaing debt discount is $399,090. The remaining $250,000 is not convertible. The net balance of $250,000 of the non-convertible portion is reflected on the balance sheet.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(KK)</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">On January 4, 2017 the Company received $150,000 from the issuance of convertible debt. Interest is stated at 8% The Note and Interest is convertible into common shares at $0.04 per share. Note is Due in January of 2019. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; The derivative component of the obligation is initially valued and classified as a derivative liability with an offset to discounts on convertible debt. Discounts are amortized to interest expense over the respective term of the related note. In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share and a conversion price of $0.04 per share. The derivative liability associated with this note as of September 30, 2017 was $438,472.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(LL)</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">On January 20, 2017 the Company received $600,000 from the issuance of convertible debt. Interest is stated at 8% The Note and Interest is convertible into common shares at $0.07 per share. Note is Due in January of 2019. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; The derivative component of the obligation is initially valued and classified as a derivative liability with an offset to discounts on convertible debt. Discounts are amortized to interest expense over the respective term of the related note. In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The derivative liability associated with this note as of September 30, 2017 was $872,083.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(MM)</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">On January 31, 2017 the Company received $100,000 from the issuance of convertible debt. Interest is stated at 8% The Note and Interest is convertible into common shares at $0.07 per share. Note is Due in January of 2019. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; The derivative component of the obligation is initially valued and classified as a derivative liability with an offset to discounts on convertible debt. Discounts are amortized to interest expense over the respective term of the related note. In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.08%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The derivative liability associated with this note as of September 30, 2017 was $145,011.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(NN)</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">On February 7, 2017 the Company received $500,000 from the issuance of convertible debt. Interest is stated at 8% The Note and Interest is convertible into common shares at $0.10 per share. Note is Due in January of 2019. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; The derivative component of the obligation is initially valued and classified as a derivative liability with an offset to discounts on convertible debt. Discounts are amortized to interest expense over the respective term of the related note. In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The derivative liability associated with this note as of September 30, 2017 was $451,464.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(OO)</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">On February 21, 2017 the Company received $500,000 from the issuance of convertible debt. Interest is stated at 8% The Note and Interest is convertible into common shares at $0.10 per share. Note is Due in January of 2019. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; The derivative component of the obligation is initially valued and classified as a derivative liability with an offset to discounts on convertible debt. Discounts are amortized to interest expense over the respective term of the related note. In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The derivative liability associated with this note as of September 30, 2017 was $450,129.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(PP)</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">On May 11, 2017 the Company received $500,000 from the issuance of convertible debt. Interest is stated at 8% The Note and Interest is convertible into common shares at $0.05 per share. Note is Due in January of 2020. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; The derivative component of the obligation is initially valued and classified as a derivative liability with an offset to discounts on convertible debt. Discounts are amortized to interest expense over the respective term of the related note. In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The derivative liability associated with this note as of September 30, 2017 was $1,183,165.</font></td></tr> </table> <p style="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(QQ)</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">On July 17, 2017 the Company received $150,000 from the issuance of convertible debt. Interest is stated at 8% The Note and Interest is convertible into common shares at $0.05 per share. Note is Due in January of 2020. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; The derivative component of the obligation is initially valued and classified as a derivative liability with an offset to discounts on convertible debt. Discounts are amortized to interest expense over the respective term of the related note. In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share. The derivative liability associated with this note as of September 30, 2017 was $349,668.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt"><b>&#160;</b></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>NOTE 6 &#8211; STOCKHOLDERS&#8217; EQUITY</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has 10,000,000 shares of preferred stock authorized with a par value of $0.001, of which 100,000 shares have been designated as Series C convertible preferred stock (&#8220;Series C&#8221; or &#8220;Series C preferred stock&#8221;). The Board has the authority to issue the shares in one or more series and to fix the designations, preferences, powers and other rights, as it deems appropriate.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Each share of Series C has 433.9297 votes on any matters submitted to a vote of the stockholders of the Company and is entitled to dividends equal to the dividends of 433.9297 shares of common stock. Each share of Series C preferred stock is convertible at any time at the option of the holder into 433.9297 shares of common stock.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has 500,000,000 shares of common stock authorized with a par value of $0.001. Each share of common stock has one vote per share for the election of directors and all other items submitted to a vote of stockholders. The common stock does not have cumulative voting rights, preemptive, redemption or conversion rights.&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In February of 2017, the Company issued 6,352,500 restricted common shares of Kaya Holdings, Inc. stock to an accredited investor that is a current shareholder of the company. This was a conversion of four (4) Notes Payable with a total value of $190,575 the Notes Payable were due January 1, 2019.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In June of 2017, the Company issued 987,632 restricted common shares of Kaya Holdings, Inc. stock to an accredited investor that is a current shareholder of the company. The restricted common shares were issued as payment of interest of $29,638.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In July of 2017, the Company issued 1,760,283 restricted common shares of Kaya Holdings, Inc. stock to an accredited investor that is a current shareholder of the company. This was a conversion of a Notes Payable with a total value of $50,000 the Note Payable was due January 1, 2019.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 7- DERIVATIVE LIABILITIES</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company identified conversion features embedded within convertible debt and issued in 2013 and subsequent periods. The Company has determined that the features associated with the embedded conversion option, in the form a ratchet provision, should be accounted for at fair value, as a derivative liability, as the Company cannot determine if a sufficient number of shares would be available to settle all potential future conversion transactions.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Additionally, due to a recognition of tainting (due to shares not being held in reserve in 2014), all convertible notes are considered to have a derivative liability. Therefore the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; &#160;The derivative component of the obligation is initially valued and classified as a derivative liability with an offset to discounts on convertible debt. Discounts are amortized to interest expense over the respective term of the related note. In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.08%, volatility ranging from 134% of 157%, trading prices ranging from $.05 per share to $0.49 per share and a conversion price ranging from $0.03 per share to $0.12 per share.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">As a result of the application of ASC No. 815, the fair value of the ratchet feature related to convertible debt and warrants is summarized as follow:&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 71%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Balance as of December 31, 2016</font></td> <td style="width: 10%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 17%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">19,346,348</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Initial Derivative Value</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">16,221,943</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Change in Derivative Values-reclassified to APIC</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(22,114,526)</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Conversion or amendment</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(1,091,615)</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">12,362,150</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The fair value at the commitment and re-measurement dates for the Company&#8217;s derivative liabilities were based upon the following management assumptions as September 30, 2017:</p> <p style="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recorded a derivative expense of $375,950 and $-0&#160;&#160;- for the three months ended September 30, 2017 and 2016, respectively and $16,221,943 and $129,340 for the nine months ended September 30, 2017 and 2016.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 48pt">&#160;&#160;</p> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt">The Company recorded a change in the value of embedded derivative liabilities income/(expense) of $ 1,260,200 and $181,986 for the three months ended September 30, 2017 and 2016, respectively and $22,114,526 and $1,895,657 for the nine months ended September 30, 2017 and 2016</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>NOTE 8- DEBT DISCOUNT</u></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recorded the debt discount to the extent of the gross proceeds raised, and expensed immediately the remaining fair value of the derivative liability, as it exceeded the gross proceeds of the note.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Debt discount amounted to $2,217,596 as of September 30, 2017 and $863,860 as of December 31, 2016.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recorded $569,497 and $405,530 for the three months and $1,678,899 and $978,208 for the nine months ended September 30, 2017 and September 30, 2016, respectively for amortization of debt discount expense.&#160;&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; color: #212121">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>NOTE 9 &#8211; RELATED PARTY TRANSACTIONS</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has agreements covering certain of its management personnel. Such agreements provide for minimum compensation levels and are subject to annual adjustment.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s Chief Executive Officer holds 50,000 shares of its Series C preferred stock. These shares can be converted into 21,696,485 shares of the Company&#8217;s common stock at his option.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s largest stockholder has from time to time provided unsecured loans to the Company, See Note 4 for the detail of the convertible and non-convertible debt with a face value of $750,000&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 10&#8211; DEBT EXTINGUISHMENT</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On January 1, 2017, the Company renegotiated nine (9) convertible notes payable. The&#160; Total face value of the notes issued was $876,468 the notes are due on January 1, 2019. The face value plus accrued interest due of $62,533 resulting in new face amount due of $876,468. The new notes are convertible after January 1, 2017 and are convertible into the Company&#8217;s common stock at a conversion rate of $0.03 per share. The market value of the stock at the date when the debt becomes convertible was $0.225. The Company recorded a loss from debt extinguishment of $67,442.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 11 &#8211; Warrants</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On September 8, 2015, the Company received a total of $100,000 from an accredited investor in exchange for a two year note in the aggregate amount of $100,000 with interest accruing at 10%. The note holder is entitled to subscribe for and purchase from the Company 3,161,583 paid and non-assessable shares of common stock at the price of $0.0316297 per share (the &#8220;Warrant Exercise Price&#8221;) for a period of five (5) years commencing from the earlier of such time as that certain $100K, 10% promissory note due September 9, 2017 has been fully repaid or the start of the Acceleration Period as defined in &#8220;The Note&#8221; or September 9, 2017. The Note and interest has been paid in full as of September 30, 2017.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On September 9, 2015, the Company received a total of $100,000 from an accredited investor in exchange for a two year note in the aggregate amount of $100,000 with interest accruing at 10%. The note holder is entitled to subscribe for and purchase from the Company 3,161,583 paid and non-assessable shares of common stock at the price of $0.0316297 per share (the &#8220;Warrant Exercise Price&#8221;) for a period of five (5) years commencing from the earlier of such time as that certain $100K, 10% promissory note due September 9, 2017 has been fully repaid or the start of the Acceleration Period as defined in &#8220;The Note&#8221; or September 9, 2017. The Note and interest has been paid in full as of September 30, 2017.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 9, 2016 the Company received a total of $75,000 from an accredited investor in exchange for a two year note in the aggregate amount of $75,000 with interest accruing at 10%. The note holder is entitled to subscribe for and purchase from the company 2,371,187 paid and non-assessable shares of the Common Stock at the price of $0.0316297 per share (the &#8220;Warrant Exercise Price&#8221;) for a period of five (5) years commencing from the earlier of such time as that certain $75,000, 10% promissory note due May 9, 2018 has been fully repaid or the start of the Acceleration Period as defined in &#8220;The Note&#8221; or May 9, 2018.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b>&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 17, 2016 the Company received a total of $75,000 from an accredited investor in exchange for a two year note in the aggregate amount of $75,000 with interest accruing at 10%. The note holder is entitled to subscribe for and purchase from the company 2,371,187 paid and non-assessable shares of the Common Stock at the price of $0.0316297 per share (the &#8220;Warrant Exercise Price&#8221;) for a period of five (5) years commencing from the earlier of such time as that certain $75,000, 10% promissory note due May 17, 2018 has been fully repaid or the start of the Acceleration Period as defined in &#8220;The Note&#8221; or May 17, 2018.</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" colspan="4" style="padding-right: 5.4pt; padding-left: 5.4pt"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Warrants issued to Non-Employees</u></b></p></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 40%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="width: 1%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="width: 18%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="width: 15%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="width: 18%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Weighted</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Weighted</font></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Average</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Average</font></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Warrants</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Exercise</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Contract</font></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>Issued</u></font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>Price</u></font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>Terms Years</u></font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" colspan="3" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Balance as of December 31, 2016</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">11,065,540</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">0.0316297</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;1.79</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Granted</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Exercised</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Expired</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>&#160;-&#160;&#160;&#160;</u></font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>&#160;-&#160;&#160;&#160;</u></font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>&#160;-&#160;&#160;&#160;</u></font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" colspan="3" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Balance as of September 30, 2017</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>&#160;11,065,540 </u></font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>0.0316297</u></font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>&#160;.66 </u></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 12 &#8211; COMMITMENTS AND CONTINGENCIES</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="background-color: white">The Company is, from time to time involved in litigation in the normal course of business. While it is not possible at this time to establish the ultimate amount of liability with respect to contingent liabilities, including those related to legal proceedings, management is of the opinion that the aggregate amount of any such liabilities, for which provision has not been made, will not have a material adverse effect on the Company&#8217;s financial position.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 22, 2016, Daniel A. Goldin and Wally Goldin commenced an action in Oregon Circuit Court, Multnomah County, against the Company, MJAI, its direct majority-owned subsidiary, Craig Frank, our Chairman, President and Chief Executive Officer, William David Jones, a consultant to our Company and BMN Capital Group, LLC (the &#8220;Action&#8221;). The plaintiffs alleged breach of contract, state securities fraud and state racketeering claims against the defendants arising from alleged misrepresentations made in subscription agreements with the Company entered into in October 2015 and January 2016 by Daniel A. Goldin and Wally Goldin, respectively, pursuant to which they each purchased 2,222,222 &#8220;restricted&#8221; shares of our common stock for $100,000 in a private transaction. In addition, Daniel A. Goldin alleged that the Company breached a purported employment agreement with him pursuant to which he was purportedly to be compensated for working in our Oregon operations through a combination of cash and stock. The plaintiffs are sought in excess of $1.7 million in damages. The Company believed that not only was the Action without merit, but that it had various counterclaims against the plaintiffs, particularly Daniel L. Goldin. The Company defended against the Action and pursued its counterclaims both in the Action and in a separate lawsuit commenced against the plaintiffs in the U.S. District Court for the Southern District of Florida in which the Company alleged fraud by the plaintiffs and sought damages and the return of the common stock issued to the Company&#8217;s treasury In September 2017, the parties entered in a settlement agreement, pursuant to which Mr. Goldin waived any rights to a total of 1.2 million shares of common stock (200,000 shares of our common stock which were already issued in his name and an additional 1,000,000 shares which were to be issued) and $40,000 in cash compensation payable to him under the employment agreement. The Company paid the plaintiffs the sum of $247,500, in exchange for the return of the stock and the waiver of claims against any further stock or cash, all litigation was dismissed by the parties and the parties exchanged mutual releases.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 13&#8211; SUBSEQUENT EVENTS</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On November 13, 2017 we paid into escrow $247,500 to settle the commitment discussed in Note 12</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On November 3, 2017 three convertible notes with the face value of $217,643 were converted into 7,734,099 shares of common stock.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The previously reported $5.8 million Financing Agreement entered into on May 11, 2017 with an institutional investor (the &#8220;Investor&#8221;) has been amended as of July 31, 2017 (as amended, the $6.3 million Financing Agreement) pursuant to which the Investor has purchased and has agreed to purchase up to $6.3 million inconvertible notes (the &#8220;$6.3 million Notes&#8221;).</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The $6.3 million Notes are substantially similar in form and substance to the $2.1 million Notes that were part of the $2.1 million Financing Agreement entered into between the Company and the Investor in December 2016 and completed in March of 2017 (as well as the approximately $1.2 million in financing previously received from the Investor in 2014 and 2015), except that the $6.3 million Notes are due and payable on January 1, 2020.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to the terms of the $6.3 million Financing Agreement, an additional $500,000 was delivered to the Company on November 3, 2017, bringing the total amount received by the Company to $1,150,000 since its execution on May 11, 2017. The purpose for the increase in the $6.3 million Financing Agreement was to allocate an additional $500,000 to be used for the targeted acquisition of property in Oregon for the development of a Commercial and Medical Cannabis Grow Complex and related enterprises, and $500,000 has been used against the purchase of an identified property which the Company closed on the property during the third Quarter of 2017.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">For more information on the $6.3 million Financing Agreement, please refer to the narrative in Item 2 (above), Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b><i>Basis of Presentation</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b><i>&#160;</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) under the accrual basis of accounting.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Use of Estimates</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Such estimates and assumptions impact both assets and liabilities, including but not limited to: net realizable value of accounts receivable and inventory, estimated useful lives and potential impairment of property and equipment, the valuation of intangible assets, estimate of fair value of share based payments and derivative liabilities, estimates of fair value of warrants issued and recorded as debt discount, estimates of tax liabilities and estimates of the probability and potential magnitude of contingent liabilities.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate could change in the near term due to one or more future non-conforming events. Accordingly, actual results could differ significantly from estimates.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Risks and Uncertainties</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s operations are subject to risk and uncertainties including financial, operational, regulatory and other risks including the potential risk of business failure.&#160;&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 6pt">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has experienced, and in the future expects to continue to experience, variability in its sales and earnings.&#160;&#160;The factors expected to contribute to this variability include, among others, (i) the uncertainty associated with the commercialization and ultimate success of the product, (ii) competition inherent at other locations where product is expected to be sold (iii) general economic conditions and (iv)&#160;the related volatility of prices pertaining to the cost of sales.&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Fiscal Year</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s fiscal year-end is December 31.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Principles of Consolidation</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The consolidated financial statements include the accounts of Kaya Holdings, Inc. and its subsidiary, Alternative Fuels Americas, Inc. (a Florida corporation) and Marijuana Holdings Americas, Inc. (a Florida corporation) which is a majority owned subsidiary including all wholly owned LLC&#8217;s (MJAI Oregon 1 LLC, MJAI Oregon 2 LLC, MJAI Oregon 3 LLC, MJAI Oregon 4 LLC).&#160; All inter-company accounts and transactions have been eliminated in consolidation.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Non-Controlling Interest</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The company owns 55% of Marijuana Holdings Americas, Inc.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Cash and Cash Equivalents</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less. The Company had no cash equivalents</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Inventory</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Inventory consists of finished goods purchased, which are valued at the lower of cost or market value, with cost being determined on the first-in, first-out method.&#160;&#160;The Company periodically reviews historical sales activity to determine potentially obsolete items and also evaluates the impact of any anticipated changes in future demand.&#160;&#160;Total Value of Finished goods inventory as of September 30, 2017 is $150,936 and $83,997 as of December 31, 2016. No allowance was necessary as of September 30, 2017 and December 31, 2016.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Property and Equipment</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Property and equipment is stated at cost, less accumulated depreciation and is reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.&#160;&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Depreciation of property and equipment is provided utilizing the straight-line method over the estimated useful lives, ranging from 5-7 years of the respective assets. Expenditures for maintenance and repairs are charged to expense as incurred.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Upon sale or retirement of property and equipment, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in the statements of operations.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Long-lived assets</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company reviews long-lived assets and certain identifiable intangibles held and used for possible impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In evaluating the fair value and future benefits of its intangible assets, management performs an analysis of the anticipated undiscounted future net cash flow of the individual assets over the remaining amortization period. The Company recognizes an impairment loss if the carrying value of the asset exceeds the expected future cash flows.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Operating Leases</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">We lease our retail stores under non-cancellable operating leases. Most store leases include tenant allowances from landlords, rent escalation clauses and/or contingent rent provisions. We recognize rent expense on a straight-line basis over the lease term, excluding contingent rent, and record the difference between the amount charged to expense and the rent paid as a deferred rent liability.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Deferred Rent and Tenant Allowances</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Deferred rent is recognized when a lease contains fixed rent escalations. We recognize the related rent expense on a straight-line basis starting from the date of possession and record the difference between the recognized rental expense and cash rent payable as deferred rent. Deferred rent also includes tenant allowances received from landlords in accordance with negotiated&#160;lease terms. The tenant allowances are amortized as a reduction to rent expense on a straight-line basis over the term of the lease starting at the date of possession.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Earnings Per Share</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In accordance with ASC 260, Earnings per Share, the Company calculates basic earnings per share by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted earnings per share are computed if the Company has net income; otherwise it would be antidilutive, and would result from the conversion of a convertible note.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Income Taxes</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounts for income taxes in accordance with ASC 740, Accounting for Income Taxes, as clarified by ASC 740-10, Accounting for Uncertainty in Income Taxes.&#160; Under this method, deferred income taxes are determined based on the estimated future tax effects of differences between the financial statement and tax basis of assets and liabilities given the provisions of enacted tax laws. Deferred income tax provisions and benefits are based on changes to the assets or liabilities from year to year. In providing for deferred taxes, the Company considers tax regulations of the jurisdictions in which the Company operates, estimates of future taxable income, and available tax planning strategies. If tax regulations, operating results or the ability to implement tax-planning strategies vary, adjustments to the carrying value of deferred tax assets and liabilities may be required. Valuation allowances are recorded related to deferred tax assets based on the &#8220;more likely than not&#8221; criteria of ASC 740.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC 740-10 requires that the Company recognize the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the &#8220;more-likely-than-not&#8221; threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50&#160;percent likelihood of being realized upon ultimate settlement with the relevant tax authority.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Fair Value of Financial Instruments</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company measures assets and liabilities at fair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The following are the hierarchical levels of inputs to measure fair value:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 1%; padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/107% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt/106% Times New Roman, Times, Serif">&#8226;</font></td> <td style="width: 1%; padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/107% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="width: 98%; padding-right: 5.4pt; padding-left: 5.4pt"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Level 1 &#8211; Observable inputs that reflect quoted market prices in active markets</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">for identical assets or liabilities.</p></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt/106% Times New Roman, Times, Serif">&#8226;</font></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: justify">&#160;</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Level 2 - Inputs reflect quoted prices for identical assets or liabilities in markets</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">that are not active; quoted prices for similar assets or liabilities in active</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">markets; inputs other than quoted prices that are observable for the assets</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">or liabilities; or inputs that are derived principally from or corroborated by</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">observable market data by correlation or other means.</p></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt/106% Times New Roman, Times, Serif">&#8226;</font></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: justify">&#160;</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Level 3 &#8211;&#160;Unobservable inputs reflecting the Company&#8217;s assumptions</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">incorporated in valuation techniques used to determine fair value.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">These assumptions are required to be consistent with market participant</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">assumptions that are reasonably available.</p></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The carrying amounts of the Company&#8217;s financial assets and liabilities, such as cash, prepaid expenses, other current assets, accounts payable &#38; accrued expenses, certain notes payable and notes payable &#8211; related party, approximate their fair values because of the short maturity of these instruments.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The Company accounts for its derivative liabilities, at fair value, on a recurring basis under level 3. See Note 7.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Embedded Conversion Features</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company evaluates embedded conversion features within convertible debt under ASC 815 &#8220;Derivatives and Hedging&#8221; to determine whether the embedded conversion feature(s) should be bifurcated from the host instrument and accounted for as a derivative at fair value with changes in fair value recorded in earnings. If the conversion feature does not require derivative treatment under ASC 815, the instrument is evaluated under ASC 470-20 &#8220;Debt with Conversion and Other Options&#8221; for consideration of any beneficial conversion feature.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Derivative Financial Instruments</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of it financial instruments, including stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported as charges or credits to income. For option-based simple derivative financial instruments, the Company uses the Black-Scholes option-pricing model to value the derivative instruments at inception and subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is re-assessed at the end of each reporting period.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Beneficial Conversion Feature</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">For conventional convertible debt where the rate of conversion is below market value, the Company records a &#34;beneficial conversion feature&#34; (&#34;BCF&#34;) and related debt discount.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">When the Company records a BCF, the relative fair value of the BCF is recorded as a debt discount against the face amount of the respective debt instrument (offset to additional paid in capital) and amortized to interest expense over the life of the debt.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Debt Issue Costs and Debt Discount</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company may record debt issue costs and/or debt discounts in connection with raising funds through the issuance of debt.&#160;&#160;These costs may be paid in the form of cash, or equity (such as warrants). These costs are amortized to interest expense over the life of the debt. If a conversion of the underlying debt occurs, a proportionate share of the unamortized amounts is immediately expensed.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Original Issue Discount</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">For certain convertible debt issued, the Company may provide the debt holder with an original issue discount.&#160;&#160;The original issue discount would be recorded to debt discount, reducing the face amount of the note and is amortized to interest expense over the life of the debt.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Extinguishments of Liabilities</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounts for extinguishments of liabilities in accordance with ASC 860-10 (formerly SFAS 140) &#8220;Accounting for Transfers and Servicing of Financial Assets and Extinguishment of Liabilities&#8221;. When the conditions are met for extinguishment accounting, the liabilities are derecognized and the gain or loss on the sale is recognized.&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Stock-Based Compensation - Employees</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounts for its stock based compensation in which the Company obtains employee services in share-based payment transactions under the recognition and measurement principles of the fair value recognition provisions of section 718-10-30 of the FASB Accounting Standards Codification. Pursuant to paragraph 718-10-30-6 of the FASB Accounting Standards Codification, all transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.&#160;&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The measurement date used to determine the fair value of the equity instrument issued is the earlier of the date on which the performance is complete or the date on which it is probable that performance will occur.&#160;&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">If the Company is a newly formed corporation or shares of the Company are thinly traded, the use of share prices established in the Company&#8217;s most recent private placement memorandum (based on sales to third parties) (&#8220;PPM&#8221;), or weekly or monthly price observations would generally be more appropriate than the use of daily price observations as such shares could be artificially inflated due to a larger spread between the bid and asked quotes and lack of consistent trading in the market.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The fair value of share options and similar instruments is estimated on the date of grant using a Black-Scholes option-pricing valuation model.&#160;&#160;The ranges of assumptions for inputs are as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/107% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt/106% Times New Roman, Times, Serif">&#8226;</font></td> <td style="width: 1%; padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/107% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="width: 94%; padding-right: 5.4pt; padding-left: 5.4pt"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Expected term of share options and similar instruments: The expected life of options and similar instruments represents the period of time the option and/or warrant are expected to be outstanding. Pursuant to Paragraph 718-10-50-2(f)(2)(i) of the FASB Accounting Standards Codification the expected term of share options and similar instruments represents the period of time the options and similar instruments are expected to be outstanding taking into consideration of the contractual term of the instruments and employees&#8217; expected exercise and post-vesting employment termination behavior into the fair value (or calculated value) of the instruments.&#160;&#160;Pursuant to paragraph 718-10-S99-1, it may be appropriate to use the&#160;simplified method,&#160;i.e.,&#160;expected term = ((vesting term + original contractual term) / 2), if (i) A company does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate expected term due to the limited period of time its equity shares have been publicly traded; (ii) A company significantly changes the terms of its share option grants or the types of employees that receive share option grants such that its historical exercise data may no longer provide a reasonable basis upon which to estimate expected term; or (iii) A company has or expects to have significant structural changes in its business such that its historical exercise data may no longer provide a reasonable basis upon which to estimate expected term. The Company uses the simplified method to calculate expected term of share options and similar instruments as the company does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate expected term.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/107% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt/106% Times New Roman, Times, Serif">&#8226;</font></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/107% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Expected volatility of the entity&#8217;s shares and the method used to estimate it.&#160;&#160;Pursuant to ASC Paragraph 718-10-50-2(f)(2)(ii) a thinly-traded or nonpublic entity that uses the calculated value method shall disclose the reasons why it is not practicable for the Company to estimate the expected volatility of its share price, the appropriate industry sector index that it has selected, the reasons for selecting that particular index, and how it has calculated historical volatility using that index.&#160;&#160;The Company uses the average historical volatility of the comparable companies over the expected contractual life of the share options or similar instruments as its expected volatility.&#160;&#160;If shares of a company are thinly traded the use of weekly or monthly price observations would generally be more appropriate than the use of daily price observations as the volatility calculation using daily observations for such shares could be artificially inflated due to a larger spread between the bid and asked quotes and lack of consistent trading in the market.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/107% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt/106% Times New Roman, Times, Serif">&#8226;</font></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/107% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Expected annual rate of quarterly dividends.&#160;&#160;An entity that uses a method that employs different dividend rates during the contractual term shall disclose the range of expected dividends used and the weighted-average expected dividends.&#160;&#160;The expected dividend yield is based on the Company&#8217;s current dividend yield as the best estimate of projected dividend yield for periods within the expected term of the share options and similar instruments.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/107% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt/106% Times New Roman, Times, Serif">&#8226;</font></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/107% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Risk-free rate(s). An entity that uses a method that employs different risk-free rates shall disclose the range of risk-free rates used.&#160;&#160;The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for periods within the expected term of the share options and similar instruments.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Generally, all forms of share-based payments, including stock option grants, warrants and restricted stock grants and stock appreciation rights are measured at their fair value on the awards&#8217; grant date, based on estimated number of awards that are ultimately expected to vest.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The expense resulting from share-based payments is recorded in general and administrative expense in the statements of operations.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Stock-Based Compensation &#8211; Non Employees</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><i><u>Equity Instruments Issued to Parties Other Than Employees for Acquiring Goods or Services</u></i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounts for equity instruments issued to parties other than employees for acquiring goods or services under guidance of Sub-topic 505-50 of the FASB Accounting Standards Codification (&#8220;Sub-topic 505-50&#8221;).</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to ASC Section 505-50-30, all transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.&#160;&#160;The measurement date used to determine the fair value of the equity instrument issued is the earlier of the date on which the performance is complete or the date on which it is probable that performance will occur.&#160;&#160;If the Company is a newly formed corporation or shares of the Company are thinly traded the use of share prices established in the Company&#8217;s most recent private placement memorandum (&#8220;PPM&#8221;), or weekly or monthly price observations would generally be more appropriate than the use of daily price observations as such shares could be artificially inflated due to a larger spread between the bid and asked quotes and lack of consistent trading in the market.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The fair value of share options and similar instruments is estimated on the date of grant using a Black-Scholes option-pricing valuation model.&#160;&#160;The ranges of assumptions for inputs are as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/107% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt/106% Times New Roman, Times, Serif">&#8226;</font></td> <td style="width: 1%; padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/107% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="width: 97%; padding-right: 5.4pt; padding-left: 5.4pt"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Expected term of share options and similar instruments: Pursuant to Paragraph 718-10-50-2(f)(2)(i) of the FASB Accounting Standards Codification the expected term of share options and similar instruments represents the period of time the options and similar instruments are expected to be outstanding taking into consideration of the contractual term of the instruments and holder&#8217;s expected exercise behavior into the fair value (or calculated value) of the instruments.&#160;&#160;The Company uses historical data to estimate holder&#8217;s expected exercise behavior.&#160;&#160;If the Company is a newly formed corporation or shares of the Company are thinly traded the contractual term of the share options and similar instruments is used as the expected term of share options and similar instruments as the Company does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate expected term.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt/106% Times New Roman, Times, Serif">&#8226;</font></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: justify">&#160;</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Expected volatility of the entity&#8217;s shares and the method used to estimate it.&#160;&#160;Pursuant to ASC Paragraph 718-10-50-2(f)(2)(ii) a thinly-traded or nonpublic entity that uses the calculated value method shall disclose the reasons why it is not practicable for the Company to estimate the expected volatility of its share price, the appropriate industry sector index that it has selected, the reasons for selecting that particular index, and how it has calculated historical volatility using that index.&#160;&#160;The Company uses the average historical volatility of the comparable companies over the expected contractual life of the share options or similar instruments as its expected volatility.&#160;&#160;If shares of a company are thinly traded the use of weekly or monthly price observations would generally be more appropriate than the use of daily price observations as the volatility calculation using daily observations for such shares could be artificially inflated due to a larger spread between the bid and asked quotes and lack of consistent trading in the market.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt/106% Times New Roman, Times, Serif">&#8226;</font></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: justify">&#160;</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Expected annual rate of quarterly dividends.&#160;&#160;An entity that uses a method that employs different dividend rates during the contractual term shall disclose the range of expected dividends used and the weighted-average expected dividends.&#160;&#160;The expected dividend yield is based on the Company&#8217;s current dividend yield as the best estimate of projected dividend yield for periods within the expected term of the share options and similar instruments.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt/106% Times New Roman, Times, Serif">&#8226;</font></td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: justify">&#160;</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Risk-free rate(s). An entity that uses a method that employs different risk-free rates shall disclose the range of risk-free rates used.&#160;&#160;The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for periods within the expected term of the share options and similar instruments.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to ASC paragraph 505-50-25-7, if fully vested, non-forfeitable equity instruments are issued at the date the grantor and grantee enter into an agreement for goods or services (no specific performance is required by the grantee to retain those equity instruments), then,&#160;because of the elimination of any obligation on the part of the counterparty to earn the equity instruments, a measurement date has been reached.&#160;A grantor shall recognize the equity instruments when they are issued (in most cases, when the agreement is entered into). Whether the corresponding cost is an immediate expense or a prepaid asset (or whether the debit should be characterized as contra-equity under the requirements of paragraph&#160;505-50-45-1) depends on the specific facts and circumstances.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to ASC paragraph 505-50-45-1, a grantor may conclude that an asset (other than a note or a receivable) has been received in return for fully vested, non-forfeitable equity instruments that are issued at the date the grantor and grantee enter into an agreement for goods or services (and no specific performance is required by the grantee in order to retain those equity instruments). Such an asset shall not be displayed as contra-equity by the grantor of the equity instruments. The transferability (or lack thereof) of the equity instruments shall not affect the balance sheet display of the asset. This guidance is limited to transactions in which equity instruments are transferred to other than employees in exchange for goods or services. Section&#160;505-50-30 provides guidance on the determination of the measurement date for transactions that are within the scope of this Subtopic.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to Paragraphs 505-50-25-8 and 505-50-25-9,&#160;an entity may grant fully vested, non-forfeitable equity instruments that are exercisable by the grantee only after a specified period of time if the terms of the agreement provide for earlier exercisability if the grantee achieves specified performance conditions.&#160;Any measured cost of the transaction shall be recognized in the same period(s) and in the same manner as if the entity had paid cash for the goods or services or used cash rebates as a sales discount instead of paying with, or using, the equity instruments. A recognized asset, expense, or sales discount shall not be reversed if a share option and similar instrument that the counterparty has the right to exercise expires unexercised.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to ASC paragraph 505-50-30-S99-1, if the Company receives a right to receive future services in exchange for unvested, forfeitable equity instruments, those equity instruments are treated as unissued for accounting purposes until the future services are received (that is, the instruments are not considered issued until they vest). Consequently, there would be no recognition at the measurement date and no entry should be recorded.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Revenue Recognition</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Revenue is recorded when all of the following have occurred: (1) persuasive evidence of an arrangement exists, (2) asset is transferred to the customer without further obligation, (3) the sales price to the customer is fixed or determinable, and (4) collectability is reasonably assured.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Cost of Sales</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Cost of sales represents costs directly related to the purchase of goods and third party testing of the Company&#8217;s products.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Related Parties</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company follows subtopic 850-10 of the FASB Accounting Standards Codification for the identification of related parties and disclosure of related party transactions.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to Section 850-10-20 the related parties include a. affiliates of the Company; b. Entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of Section 825&#8211;10&#8211;15, to be accounted for by the equity method by the investing entity; c. trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management; d. principal owners of the Company; e. management of the Company; f. other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and g. Other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The consolidated financial statements shall include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. However, disclosure of transactions that are eliminated in the preparation of consolidated or combined financial statements is not required in those statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The disclosures shall include: a. the nature of the relationship(s) involved; b. a description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements; c. the dollar amounts of transactions for each of the periods for which income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period; and d. amounts due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Contingencies</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company follows subtopic 450-20 of the FASB Accounting Standards Codification to report accounting for contingencies. Certain conditions may exist as of the date the consolidated financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company&#8217;s financial statements. If the assessment indicates that a potentially material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed. However, there is no assurance that such matters will not materially and adversely affect the Company&#8217;s business, consolidated financial position, and consolidated results of operations or consolidated cash flows.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;<b>Uncertain Tax Positions</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company did not take any uncertain tax positions and had no adjustments to its income tax liabilities or benefits pursuant to the provisions of Section 740-10-25 for the reporting periods ended December 31, 2016, 2015 and 2014.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Subsequent Events</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company follows the guidance in Section 855-10-50 of the FASB Accounting Standards Codification for the disclosure of subsequent events.&#160;The Company will evaluate subsequent events through the date when the&#160;financial statements are issued.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to ASU 2010-09 of the FASB Accounting Standards Codification, the Company as an SEC filer considers its financial statements issued when they are widely distributed to users, such as through filing them on EDGAR.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Re-Classifications</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b><i>&#160;</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Certain amounts in 2016 were reclassified to conform to the 2017 presentation. These reclassifications had no effect on consolidated net loss for the periods presented.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The fair value of the warrants on the date of issuance and on each re-measurement date of those warrants classified as liabilities is estimated using the Black-Scholes option pricing model using the following assumptions: contractual life according to the remaining terms of the warrants, no dividend yield, weighted average risk-free interest rate of 1.09% at September 30, 2017 and weighted average volatility of 130%. For this liability, the Company developed its own assumptions that do not have observable inputs or available market data to support the fair value. This method of valuation involves using inputs such as the fair value of the Company's various classes of preferred stock, stock price volatility, the contractual term of the warrants, risk free interest rates and dividend yields.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Recently Issued Accounting Pronouncements</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In March 2016, the FASB issued ASU 2016-09, Stock Compensation, which is intended to simplify the accounting for share based payment award transactions. The new standard will modify several aspects of the accounting and reporting for employee share based payments and related tax accounting impacts, including the presentation in the statements of operations and cash flows of certain tax benefits or deficiencies and employee tax withholdings, as well as the accounting for award forfeitures over the vesting period. The guidance is effective for fiscal years beginning after December 15, 2016, including interim periods within that year, and will be adopted by the Company in the first quarter of fiscal 2017. The Company anticipates the new standard will result in an increase in the number of shares used in the calculation of diluted earnings per share and will add volatility to the Company&#8217;s effective tax rate and income tax expense. The magnitude of such impacts will depend in part on whether significant employee stock option exercises occur.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In April 2015, the FASB issued Accounting Standards Update No. 2015-03, Interest&#8212;Imputation of Interest (Topic 83530): Simplifying the Presentation of Debt Issuance Costs (&#8220;ASU 2015-03&#8221;). ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs is not affected by ASU 2015-03. ASU 2015-03 is effective for financial statements issued for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years.&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In July 2015, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory (&#8220;ASU 2015-11&#8221;), which applies guidance on the subsequent measurement of inventory. ASU 2015-11 states that an entity should measure inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonable predictable costs of completion, disposal and transportation. The guidance excludes inventory measured using last in, first out or the retail inventory method. ASU 2015-11 is effective for interim and annual reporting periods beginning after December 15, 2016. Early adoption is permitted. The Company is not planning to early adopt ASU 2015-11 and is currently evaluating ASU 2015-11 to determine the potential impact to its condensed consolidated financial statements and related disclosures.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In February 2016, the FASB issued ASU&#160;No.&#160;2016-02,&#160;&#8220;Leases (Topic 842).&#8221; The ASU will increase transparency and comparability among entities by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The ASU will require lessees to recognize in the balance sheet a liability to make lease payments (the lease liability) and a&#160;right-of-use&#160;asset representing its right to use the underlying asset for the lease term. The ASU is effective for annual reporting periods beginning after December&#160;15, 2018 and interim periods within those annual periods. We do not believe the adoption of this update will have a material impact on our financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In August 2016, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update (&#8221;ASU&#8221;)&#160;No.&#160;2016-15,&#160;&#8220;Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments.&#8221; This ASU includes specific guidance to address diversity in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The ASU is effective for annual reporting periods beginning after December&#160;15, 2017 and interim periods within those annual periods. The Company does not expect the adoption of this ASU to have a significant impact on the consolidated financial statements.&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" colspan="8" style="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible Debt Summary</font></td></tr> <tr style="vertical-align: bottom; background-color: #D9D9D9"> <td rowspan="2" style="border-left: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Footnote Number</font></td> <td rowspan="2" style="border-left: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Debt Type</font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Debt Classification</font></td> <td rowspan="2" style="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Interest Rate</font></td> <td nowrap="nowrap" rowspan="2" style="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Due Date</font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;Ending </font></td></tr> <tr style="vertical-align: bottom; background-color: #D9D9D9"> <td nowrap="nowrap" style="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;Current </font></td> <td nowrap="nowrap" style="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;LT </font></td> <td nowrap="nowrap" style="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;09.30.17 </font></td> <td nowrap="nowrap" style="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;12.31.16 </font></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 13%; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="width: 13%; border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">A</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">10.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-17</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;$25,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;$25,000 </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">B</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;65,700 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;58,556 </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">C</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;32,850 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;29,278 </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">D</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;209,047 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;186,316 </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">F</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Converted</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;117,113 </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">G</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Converted</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;117,113 </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">H</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Converted</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;55,895 </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">I</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Converted</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;67,074 </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">J</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Converted</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;23,442 </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">K</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Converted</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;23,442 </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">L</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;30,424 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;27,116 </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">M</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;131,236 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;116,966 </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">N</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;55,983 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">O</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;109,167 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;100,000 </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">P</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;52,767 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Q</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;52,050 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">R</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;203,867 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">S</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;50,400 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">T</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;250,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">V</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-18</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;25,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">W</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-18</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;15,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">X</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-18</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;60,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Y</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-18</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;50,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Z</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Converted</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;25,000 </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">AA</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">6.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Converted</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;18,500 </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">BB</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">10.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;50,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;50,000 </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">CC</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">10.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;100,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;100,000 </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">DD</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">10.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">30-Nov-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;50,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;50,000 </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">EE</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">0.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">31-Dec-17</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;500,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;500,000 </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">KK</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;150,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">LL</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;600,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">MM</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;100,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">NN</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;500,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">OO</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-19</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;500,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">PP</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-20</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;500,000 </font></td> <td nowrap="nowrap" style="border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">QQ</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;X </font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.0%</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1-Jan-20</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><u>&#160;150,000 </u></font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><u>&#160;-&#160;&#160;&#160;</u></font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" colspan="3" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Current Convertible Debt</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><u>&#160;875,000 </u></font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><u>&#160;1,690,811 </u></font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" colspan="3" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Long-Term&#160;&#160;Convertible Debt</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><u>&#160;3,743,490 </u></font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><u>&#160;-&#160;&#160;&#160;</u></font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total Convertible Debt</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><u>&#160;$4,618,490 </u></font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif"><u>&#160;$1,690,811 </u></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 71%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Balance as of December 31, 2016</font></td> <td style="width: 10%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 17%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">19,346,348</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Initial Derivative Value</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">16,221,943</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Change in Derivative Values-reclassified to APIC</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(22,114,526)</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Conversion or amendment</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(1,091,615)</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">12,362,150</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 40%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="width: 1%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="width: 18%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="width: 15%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="width: 18%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Weighted</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Weighted</font></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Average</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Average</font></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Warrants</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Exercise</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Contract</font></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>Issued</u></font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>Price</u></font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>Terms Years</u></font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" colspan="3" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Balance as of December 31, 2016</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">11,065,540</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">0.0316297</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;1.79</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Granted</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Exercised</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;-&#160;&#160;&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Expired</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&#160;</td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>&#160;-&#160;&#160;&#160;</u></font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>&#160;-&#160;&#160;&#160;</u></font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>&#160;-&#160;&#160;&#160;</u></font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td nowrap="nowrap" colspan="3" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Balance as of September 30, 2017</font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>&#160;11,065,540 </u></font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>0.0316297</u></font></td> <td nowrap="nowrap" style="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><u>&#160;.66 </u></font></td></tr> </table> 2286982 -899566 5324478 25000 50400 500000 65700 500000 32850 100000 209047 600000 150000 500000 50000 100000 50000 30424 131236 50000 55983 60000 109167 15000 52767 500000 25000 52050 250000 203867 150000 250000 50000 100000 25000 15000 60000 50000 116966 27116 50000 23442 23442 23500 67074 50000 55895 100000 50000 500000 186316 29278 58556 25000 50000 200000 50000 875000 1486585 3743490 750000 4618490 2236585 89131 299295 0 0 37780 37780 13571 68555 68555 65262 65262 31661 25000 250000 978208 569497 405530 11065540 11065540 0.0316297 0.0316297 P7M28D 138793087 456813 395381 20274 4500 150936 83997 285603 306884 1481058 314988 81597 122024 893385 192964 1937871 710369 5781291 9813059 3923015 8423354 278455 721665 449545 250000 89131 234023 142853 13586 18586 543537 506601 13223904 11887370 250000 267635 4784769 147833 8439135 10922994 298908 19005195 21700429 50 50 -17067325 -20990060 -789417 -624910 -30429005 -29790416 272400 14019989 9035740 131058 117076 1937871 710369 506076 50455 21545 2415596 .001 .001 10000000 10000000 49900 49900 0.001 0.001 500000000 500000000 131058988 117076795 131058988 117076795 127585695 84497017 130749488 102076923 0.02 -0.01 -0.00 -0.01 2451489 -899566 -578900 -1118719 -164507 -61259 62878 -3975 2286982 -960825 -516023 -1122694 2286982 -960825 -516023 -1122694 -3638447 -466141 48299 269526 22114526 1895657 1260200 181986 67442 126000 16221943 129340 375950 260295 195968 115552 45982 -1351465 -1426966 -467724 -853168 1746402 1760057 665887 990283 911598 338073 367975 109417 311253 216691 131762 65358 523551 1205293 166150 815508 394936 333091 198162 137115 272665 421002 122788 126320 667601 754093 320950 263435 247500 247500 40582 142382 -188683 -104005 -58046 45943 66939 -40915 15774 14000 29638 9000 659650 1678899 978208 -22114526 -1895656 16221943 129340 -67442 -126000 -30000 -90000 54403 59964 -164507 -61259 -1705128 -576960 -679824 -28224 679824 28224 2363671 522422 100000 112829 52578 150000 23500 2500000 325000 285803 306884 123907 41145 -21282 -82762 286255 104727 29638 9000 238739 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 5 - NON-CONVERTIBLE DEBT</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>A-Non- Related Party</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="3" style="border-bottom: black 1pt solid; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">September&#160;30, 2017</font></td> <td style="line-height: 107%">&#160;</td> <td colspan="3" style="border-bottom: black 1pt solid; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">December&#160;31, 2016</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Note GG</font></td> <td style="width: 8%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 11%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-0-</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 8%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 11%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">68,555</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Note HH</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-0-</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">68,555</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Note II</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">37,780</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">65,262</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Note JJ</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">37,780</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">65,262</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Note KK</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">13,571</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">31,661</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total Non-Convertible Debt</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">89,131</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">299,295</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(GG) On September 8, 2015, the Company received a total of $100,000 from an accredited investor in exchange for a two year note in the aggregate amount of $100,000 with interest accruing at 10%. The note holder is entitled to subscribe for and purchase from the company 3,161,583 paid and non-assessable shares of the Common Stock at the price of $0.0316297 per share (the &#8220;Warrant Exercise Price&#8221;) for a period of five (5) years commencing from the earlier of such time as that certain $100,000 10% promissory note due September 9, 2017 has been fully repaid or the start of the Acceleration Period as defined in &#8220;The Note&#8221; or September 9, 2017. The note and interest has been paid in full</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(HH) On September 9, 2015, the Company received a total of $100,000 from an accredited investor in exchange for a two year note in the aggregate amount of $100,000 with interest accruing at 10%. The note holder is entitled to subscribe for and purchase from the company 3,161,583 paid and non-assessable shares of the Common Stock at the price of $0.0316297 per share (the &#8220;Warrant Exercise Price&#8221;) for a period of five (5) years commencing from the earlier of such time as that certain $100,000 10% promissory note due September 9, 2017 has been fully repaid or the start of the Acceleration Period as defined in &#8220;The Note&#8221; or September 9, 2017. The note and interest has been paid in full</font></td></tr> </table> <p style="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt">&#160;&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(II) On May 17, 2016, the Company received a total of $75,000 from an accredited investor in exchange for a two year note in the aggregate amount of $75,000 with interest accruing at 10%. The note holder is entitled to subscribe for and purchase from the company 2,371,187 paid and non-assessable shares of the Common Stock at the price of $0.0316297 per share (the &#8220;Warrant Exercise Price&#8221;) for a period of five (5) years commencing from the earlier of such time as that certain $75,000, 10% promissory note due May 17, 2018 has been fully repaid or the start of the Acceleration Period as defined in &#8220;The Note&#8221; or May 17, 2018.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(JJ) On May 9, 2016 the Company received a total of $75,000 from an accredited investor in exchange for a two year note in the aggregate amount of $75,000 with interest accruing at 10%. The note holder is entitled to subscribe for and purchase from the company 2,371,187 paid and non-assessable shares of the Common Stock at the price of $0.0316297 per share (the &#8220;Warrant Exercise Price&#8221;) for a period of five (5) years commencing from the earlier of such time as that certain $75,000, 10% promissory note due May 9, 2018 has been fully repaid or the start of the Acceleration Period as defined in &#8220;The Note&#8221; or May 9, 2018</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(KK) On September 16, 2016 the Company received a total of $31,661 to be used for equipment in exchange for a two year note in the aggregate amount of $31,661 with interest accruing at 18% per year and a 10% loan fee. The note is due September of 2018 with monthly payments of principal and interest.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>B-Related Party</b></font></td> <td style="line-height: 107%">&#160;</td> <td colspan="3" style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="3" style="text-align: right; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;Loan payable - Stockholder, 0%, Due December 31, 2017 (1)</font></td> <td style="width: 8%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">250,000</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 8%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">250,000</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">250,000</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">250,000</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(1)</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 94%"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 4.5pt 0 0; text-align: justify">At December 31, 2013, the Company was indebted to an affiliated shareholder of the Company for $840,955, which consisted of $737,100 principal and $103,895 accrued interest, with interest accruing at 10%. On January 2, 2014, the Company entered into a Debt Modification Agreement whereby the total amount of the debt was reduced to $750,000 and there is no accrued interest or principal due until December 31, 2017. $500,000 of the debt is convertible into 50,000 Series C Convertible Preferred Shares of AFAI, which if converted are subject to resale restrictions through December 31, 2017. The two-year note in the aggregate amount of $500,000 is convertible into the Company&#8217;s preferred stock at a conversion rate of $10.00 per share of preferred. At a conversion rate of 433.9297 common shares to 1 preferred share, this would result in a total of 21,696,485 common shares issued if all debt was converted. The market value of the stock at the date of issuance of the debt was $0.04. The remaining $250,000 is not convertible. The company has imputed interest on both the convertible debt and the non-convertible debt. The company used an interest rate of 4% for calculation purposes. The net balance of $250,000 of the non-convertible portion is reflected on the balance sheet. This note was modified and restated as of June 20, 2015, see Footnote 9. As of September 30, 2017, the balance of the convertible portion of the debt was $500,000. This note has a price adjustment provision. Therefore, the Company accounted for these Notes under ASC Topic 815-15 &#8220;Embedded Derivative.&#8221; In determining the indicated value of the convertible note issued, the Company used the Black Scholes Option Model with a risk-free interest rate of ranging from 0.05% to 1.09%, volatility ranging from 130% of 157%, trading prices ranging from $.05 per share to $0.49 per share.The derivative liability associated with this convertible portion of the note as of September 30, 2017 was $2,539,521.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 4.5pt 0 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 4.5pt 0 0; text-align: justify">The net balance reflected on the balance sheet is for the convertible portion net of remaing debt discount is $399,090. The remaining $250,000 is not convertible. The net balance of $250,000 of the non-convertible portion is reflected on the balance sheet.</p></td></tr> </table> <p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt">&#160;</p> <p style="margin: 0pt">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>A-Non- Related Party</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="3" style="border-bottom: black 1pt solid; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">September&#160;30, 2017</font></td> <td style="line-height: 107%">&#160;</td> <td colspan="3" style="border-bottom: black 1pt solid; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">December&#160;31, 2016</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Note GG</font></td> <td style="width: 8%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 11%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-0-</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 8%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 11%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">68,555</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Note HH</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-0-</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">68,555</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Note II</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">37,780</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">65,262</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Note JJ</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">37,780</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">65,262</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Note KK</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">13,571</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">31,661</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total Non-Convertible Debt</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">89,131</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">299,295</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>B-Related Party</b></font></td> <td style="line-height: 107%">&#160;</td> <td colspan="3" style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="3" style="text-align: right; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;Loan payable - Stockholder, 0%, Due December 31, 2017 (1)</font></td> <td style="width: 8%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">250,000</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 8%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">250,000</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">250,000</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">250,000</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> 12362150 -1091615 -22114526 16221943 19346348 EX-101.SCH 6 kayaholdingscom-20170930.xsd XBRL SCHEMA FILE 00000001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - Condensed Consolidated Balance Sheet (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - Condensed Consolidated Balance Sheet (Unaudited) (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - Condensed Consolidated Statements of Operations (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - Consolidated Statement of Cashflows (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000006 - Disclosure - ORGANIZATION AND NATURE OF THE BUSINESS link:presentationLink link:calculationLink link:definitionLink 00000007 - Disclosure - LIQUIDITY AND GOING CONCERN link:presentationLink link:calculationLink link:definitionLink 00000008 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICES AND BASIS OF PRESENTATION link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - CONVERTIBLE DEBT link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - NON-CONVERTIBLE DEBT link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - STOCKHOLDERS' EQUITY link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - DERIVATIVE LIABILITIES link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - DEBT DISCOUNT link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - RELATED PARTY TRANSACTIONS link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - DEBT EXTINGUISHMENT link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - Warrants link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - COMMITMENTS AND CONTINGENCIES link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - SUBSEQUENT EVENTS link:presentationLink link:calculationLink link:definitionLink 00000019 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICES AND BASIS OF PRESENTATION (Policies) link:presentationLink link:calculationLink link:definitionLink 00000020 - Disclosure - CONVERTIBLE DEBT (Tables) link:presentationLink link:calculationLink link:definitionLink 00000021 - Disclosure - NON CONVERTIBLE DEBT (Tables) link:presentationLink link:calculationLink link:definitionLink 00000022 - Disclosure - DERIVATIVE LIABILITIES (Tables) link:presentationLink link:calculationLink link:definitionLink 00000023 - Disclosure - Warrants (Tables) link:presentationLink link:calculationLink link:definitionLink 00000024 - Disclosure - LIQUIDITY AND GOING CONCERN (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000025 - Disclosure - CONVERTIBLE DEBT (Details) link:presentationLink link:calculationLink link:definitionLink 00000026 - Disclosure - NON-CONVERTIBLE DEBT (Details) link:presentationLink link:calculationLink link:definitionLink 00000027 - Disclosure - NON-CONVERTIBLE DEBT (Details 1) link:presentationLink link:calculationLink link:definitionLink 00000028 - Disclosure - DERIVATIVE LIABILITIES (Details) link:presentationLink link:calculationLink link:definitionLink 00000029 - Disclosure - Warrants (Details) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 7 kayaholdingscom-20170930_cal.xml XBRL CALCULATION FILE EX-101.DEF 8 kayaholdingscom-20170930_def.xml XBRL DEFINITION FILE EX-101.LAB 9 kayaholdingscom-20170930_lab.xml XBRL LABEL FILE Credit Facility [Axis] Note Payable GG Note Payable HH Note Payable II Note Payable JJ Note Payable KK Convertible Note 1 Convertible Note 18 Convertible Note 34 Convertible Note 2 Convertible Note 33 Convertible Note 3 Convertible Note 32 Convertible Note 4 Convertible Note 31 Convertible Note 5 Convertible Note 30 Convertible Note 6 Convertible Note 29 Convertible Note 7 Convertible Note 28 Convertible Note 8 Convertible Note 27 Convertible Note 9 Convertible Note 26 Convertible Note 10 Convertible Note 25 Convertible Note 11 Convertible Note 24 Convertible Note 12 Convertible Note 23 Convertible Note 13 Convertible Note 22 Convertible Note 14 Convertible Note 21 Convertible Note 15 Convertible Note 35 Convertible Note 20 Convertible Note 16 Convertible Note 19 Convertible Note 17 Convertible Note 36 Document And Entity Information Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Entity a Well-known Seasoned Issuer Entity a Voluntary Filer Entity's Reporting Status Current Entity Filer Category Entity Public Float Entity Common Stock, Shares Outstanding Document Fiscal Period Focus Document Fiscal Year Focus Statement of Financial Position [Abstract] ASSETS CURRENT ASSETS: Cash and equivalents Inventory-Net of Allowance Prepaid Expenses Total Current Assets OTHER ASSETS: Property and equipment, net Land Deposits Total Other Assets Total Assets LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY) CURRENT LIABILITIES: Accounts payable and accrued expense Accounts payable and accrued expense-related parties Accrued interest Notes Payable Notes Payable-Related Party Convertible Note Payable-related party-Net of Discount (50,455) Convertible Notes Payable-net of discount (21,545) Derivative liabilities Total Current Liabilities LONG TERM LIABILITIES: Convertible Note Payable-related party-Net of Discount Derivative liabilities Convertible Note Payable-Net of Discount (2,415,596) Notes Payable Notes Payable-Related Party Total Long Term Liabilities Total Liabilities STOCKHOLDERS' EQUITY (DEFICIT): Convertible Preferred Stock, Series C, par value $.001; 10,000,000 shares authorized; 49,900 and 49,900 issued and outstanding at September 30, 2017 and December 31, 2016 Common stock , par value $.001; 500,000,000 shares authorized; 131,058,988 shares issued as of September 30, 2017 and 117,076,795 shares issued as of December 31, 2016 Additional paid in capital Subscriptions payable Accumulated Deficit Non-controlling Interest Net Stockholders' Equity/(Deficit) Total Liabilities and Stockholders' Equity/(Deficit) Convertible Note Payable-related party - Discount Convertible Notes Payable-discount Convertible Note Payable-Discount Preferred Stock, par value (in dollars per share) Preferred Stock, authorized Preferred Stock, issued Preferred Stock, outstanding Common stock, par value (in dollars per share) Common stock, authorized Common stock, issued Income Statement [Abstract] Net Sales Cost of Sales Gross Profit Operating Expenses: Professional Fees Salaries and Wages General and Administrative Total Operating Expenses Operating Loss Other Income(expense): Interest Expense Legal Settlement Amortization of Debt discount Derivative Liabilities Expense Gain(Loss) on Extinguishment of Debt Change in Derivative Liabilities Expense Total Other Income(Expense) Net income (loss) before Income Taxes Provision for Income Taxes Net income (loss) Net (Loss) attributed to non-controlling interest Net income (loss) attributed to Kaya Holdings, Inc. Basic and diluted net loss per common share (in dollars per share) Weighted average number of common shares outstanding (in shares) Statement of Cash Flows [Abstract] OPERATING ACTIVITIES: Net Income/(Loss) Adjustments to reconcile net loss to net cash used in operating activities: Net loss attributable to non-controlling interest Depreciation Imputed Interest Loss (Gain) on Extinguishment of Debt Derivative Expense Change in derivative liabilities Amortization of debt discount Stock issued for services Stock issued as contribution Stock issued for interest Changes in operating assets and liabilities: Prepaid Expense Inventory Rent Deposit Security Deposit Other assets Accrued Interest Accounts payable and accrued expenses Net cash used in operating activities INVESTING ACTIVITIES: Purchase of property and equipment Net cash used in investing activities FINANCING ACTIVITIES: Proceeds from Convertible debt Payment on Convertible debt Proceeds from Notes Payable Payments on Note Payable Proceeds from sales of common stock Net cash provided by (used in) financing activities NET INCREASE IN CASH CASH BEGINNING BALANCE CASH ENDING BALANCE SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: Taxes paid Interest paid NON-CASH TRANSACTIONS AFFECTING OPERATING, INVESTING AND FINANCING ACTIVITIES: Value of common shares issued as payment of debt Value of common shares issued as payment of debt and interest Value of common shares issues as payment of interest Accounting Policies [Abstract] ORGANIZATION AND NATURE OF THE BUSINESS Organization, Consolidation and Presentation of Financial Statements [Abstract] LIQUIDITY AND GOING CONCERN SUMMARY OF SIGNIFICANT ACCOUNTING POLICES AND BASIS OF PRESENTATION Debt Disclosure [Abstract] CONVERTIBLE DEBT Notes to Financial Statements NON-CONVERTIBLE DEBT Equity [Abstract] STOCKHOLDERS' EQUITY DERIVATIVE LIABILITIES Debt Discount DEBT DISCOUNT Related Party Transactions [Abstract] RELATED PARTY TRANSACTIONS DEBT EXTINGUISHMENT Warrants Commitments and Contingencies Disclosure [Abstract] COMMITMENTS AND CONTINGENCIES Subsequent Events [Abstract] SUBSEQUENT EVENTS Basis of Presentation Use of Estimates Risks and Uncertainties Fiscal Year Principles of Consolidation Non-Controlling Interest Cash and Cash Equivalents Inventory Property and Equipment Long-lived assets Operating Leases Deferred Rent and Tenant Allowances Earnings Per Share Income Taxes Fair Value of Financial Instruments Embedded Conversion Features Derivative Financial Instruments Beneficial Conversion Feature Debt Issue Costs and Debt Discount Original Issue Discount Extinguishments of Liabilities Stock-Based Compensation - Employees Stock-Based Compensation - Non Employees Revenue Recognition Cost of Sales Related Parties Contingencies Uncertain Tax Positions Subsequent Events Recently Issued Accounting Pronouncements Re-Classifications Schedule of convertible debt NON CONVERTIBLE DEBT (Tables) Derivative Liabilities Tables Schedule of derivative liabilities Warrants Tables Schedule of warrants Net income (loss) Working capital deficiency Statement [Table] Statement [Line Items] Convertible Note 37 Convertible Debt Current Convertible Debt Long-Term Convertible Debt Total Convertible Debt Total Non-Convertible Debt Notes Payable - Related Party Details Loan payable - related party , Due December 31, 2017 Derivative Liabilities Details Balance as of December 31, 2017 Initial Derivative Value Change in Derivative Values Conversion or amendment Balance as of September 30, 2017 Warrants Details Number of Warrants Outstanding, Beginning Number of Warrants, Granted Number of Warrants, Exercised Number of Warrants, Expired Number of Warrants Outstanding, Ending Weighted Average Exercise Price Weighted Average Exercise Price, Beginning Weighted Average Exercise Price, Granted Weighted Average Exercise Price, Ending Weighted Average Contract Term Years Working Capital Deficiency Assets, Current Other Assets Assets Liabilities, Current Derivative Liability, Noncurrent Notes Payable, Current Notes Payable, Related Parties, Noncurrent Liabilities, Noncurrent Liabilities Stockholders' Equity Attributable to Parent Liabilities and Equity Gross Profit Operating Expenses Operating Income (Loss) Interest Expense LegalSettlement Amortization of Debt Discount (Premium) DerivativeLiabilitiesExpense Extinguishment of Debt, Amount Other Expenses Income (Loss) from Continuing Operations before Income Taxes, Domestic Net Income (Loss), Including Portion Attributable to Noncontrolling Interest Imputed Interest Gain (Loss) on Extinguishment of Debt Increase (Decrease) in Prepaid Expense Increase (Decrease) in Inventories Increase (Decrease) in Other Current Assets Increase (Decrease) in Accrued Interest Receivable, Net Net Cash Provided by (Used in) Operating Activities Payments to Acquire Productive Assets Net Cash Provided by (Used in) Investing Activities Repayments of Convertible Debt Repayments of Long-term Debt Net Cash Provided by (Used in) Financing Activities Cash, Period Increase (Decrease) Cash Cost of Sales, Policy [Policy Text Block] Class of Warrant or Right, Outstanding Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price EX-101.PRE 10 kayaholdingscom-20170930_pre.xml XBRL PRESENTATION FILE GRAPHIC 11 kaya_1.jpg GRAPHIC begin 644 kaya_1.jpg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end GRAPHIC 12 kaya_2.jpg GRAPHIC begin 644 kaya_2.jpg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end GRAPHIC 13 kaya_3.jpg GRAPHIC begin 644 kaya_3.jpg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end GRAPHIC 14 kaya_4.jpg GRAPHIC begin 644 kaya_4.jpg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