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Emerald Medical Applications Corp. - Balance Sheets
Jun. 30, 2016
USD ($)
Dec. 30, 2015
USD ($)
Current assets:    
Cash and cash equivalents $ 274,759 $ 115,449
Other receivable 8,212 25,797
Total current assets 282,971 141,246
Fixed assets, net:    
Fixed assets, net of accumulated depreciation of $10,751 and $6,536, respectively 17,735 21,120
Total assets 300,706 162,366
Current liabilities:    
Accounts payable and accrued liabilities $ 48,204 $ 90,705
Employee payable 22,786 25,612
Employee payable - related party 3,081 3,480
Accrued interest payable $ 21,887 $ 19,285
Short term notes payable 186,336 119,974
Convertible note payable - default 29,719 0
Convertible note payable - net of discount of $73,562 and $0, respectively 222,377 29,719
Total current liabilities 534,390 288,775
Total liabilities $ 534,390 $ 288,775
Stockholders' deficit:    
Preferred stock [1] 0 0
Common stock [2] $ 1,948 $ 1,533
Accumulated other comprehensive income (loss) (24,178) (19,337)
Additional paid in capital $ 11,738,066 $ 8,752,711
Accumulated deficit (11,949,520) (8,861,316)
Total Stockholders' equity (deficit) (233,684) (126,409)
Total Liabilities and Stockholders' Equity $ 300,706 $ 162,366
[1] $0.0001 par value; 10,000,000 shares authorized; none issued.
[2] $0.0001 par value; 490,000,000 shares authorized; 19,474,461 and 15,325,889 issued and outstanding at June 30, 2016 and December 31, 2015, respectively.