XML 16 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Condensed Consolidated Statements Of Operations        
REVENUES
OPERATING EXPENSES        
Consulting services 30,000 10,000 110,000 10,000
Asset impairment 4,900,000 4,900,000
Accounting 21,000 35,558
Investor relations services 3,115 3,115
Wages 38,750 50,000
General and administrative 6,320 35,007 9,699 42,607
Total Operating Expenses 96,070 4,948,122 205,257 4,955,722
LOSS FROM OPERATIONS (96,070) (4,948,122) (205,257) (4,955,722)
OTHER INCOME (EXPENSE):        
Gain forgiveness of debt 695 34,177
Amortization debt discount (425,808) (83,799) (1,544,476) (291,308)
Derivative expense 3,073,163 (955,045) 264,504 (1,124,993)
(Loss) on derivative settlement (6,623) (6,623) (268,018)
Gain on settlement of debt 1,262,162 6,000,000 1,262,162
Interest expense - related party (11,237) (51,255) (26,531) (67,115)
Interest expense - other (128,813) (310,395) (277,648) (322,336)
Total Other Expense 2,500,682 (137,637) 4,409,226 (777,431)
NET GAIN (LOSS) 2,404,612 (5,085,759) 4,203,969 (5,733,153)
Non-controlling interest (1,475) (2,739)
COMPREHENSIVE GAIN (LOSS) BEFORE PROVISION FOR INCOME TAXES 2,403,137 4,201,230
PROVISION FOR INCOME TAX
COMPREHENSIVE GAIN (LOSS) $ 2,403,137 $ (5,085,759) $ 4,201,230 $ (5,733,153)
Basic and Diluted Per Share Data: Net Loss Per Share - Basic and Diluted $ 0.02 $ (0.04) $ 0.03 $ (0.06)
Weighted Average Common Shares Outstanding: Basic and diluted 140,079,239 130,237,299 138,308,854 97,465,499