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Emerald Medical Applications Corp. - Balance Sheets
Dec. 30, 2015
USD ($)
Dec. 31, 2014
USD ($)
Current assets:    
Cash and cash equivalents $ 115,449 $ 14,411
Due from related party 0 18,999
Other receivable 25,797 6,718
Total current assets 141,246 40,128
Fixed assets, net:    
Fixed assets, net of accumulated depreciation of $6,563 and $66, respectively 21,120 1,390
Total assets 162,366 41,518
Current liabilities:    
Accounts payable and accrued liabilities $ 90,705 $ 2,577
Advances payable - related party 3,480 4,439
Employee payable $ 25,612 $ 0
Accrued interest payable $ 19,285 $ 2,013
Short term notes payable - related party 0 19,521
Short term notes payable 119,974 68,389
Convertible note payable - net of discount of $0 and $9,555, respectively 29,719 20,164
Derivative liability $ 0 $ 20,532
Total current liabilities 288,775 137,635
Total liabilities 288,775 137,635
Stockholders' deficit:    
Preferred stock [1] 0 0
Common stock [2] 1,533 744
Accumulated other comprehensive income (loss) (19,337) 8,932
Additional paid in capital 8,752,711 (744)
Accumulated deficit (8,861,316) (105,049)
Total Stockholders' equity (deficit) (126,409) (96,117)
Total Liabilities and Stockholders' Equity $ 162,366 $ 41,518
[1] $0.0001 par value; 10,000,000 shares authorized; none issued.
[2] $0.0001 par value; 490,000,000 shares authorized; 15,325,889 and 7,438,141 issued and outstanding at December 31, 2015 and 2014, respectively.