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Emerald Medical Applications Corp. - Balance Sheets
Sep. 30, 2016
USD ($)
Dec. 30, 2015
USD ($)
Current assets:    
Cash and cash equivalents $ 71,767 $ 115,449
Other receivable 5,567 25,797
Total current assets 77,334 141,246
Fixed assets, net:    
Fixed assets, net of accumulated depreciation of $13,251 and $6,536, respectively 17,728 21,120
Total assets 95,062 162,366
Current liabilities:    
Accounts payable and accrued liabilities 129,420 90,705
Employee payable $ 63,633 $ 25,612
Employee payable - related party 3,989 3,480
Accrued interest payable 20,310 19,285
Short term notes payable $ 0 $ 119,974
Convertible note payable - net of discount of $475,049 and $0, respectively 290,391 29,719
Total current liabilities $ 507,743 $ 288,775
Total liabilities 507,743 288,775
Stockholders' deficit:    
Preferred stock [1] 0 0
Common stock [2] 1,982 1,533
Accumulated other comprehensive income (loss) (43,201) (19,337)
Additional paid in capital 12,253,449 8,752,711
Accumulated deficit (12,624,891) (8,861,316)
Total Stockholders' equity (deficit) (412,661) (126,409)
Total Liabilities and Stockholders' Equity $ 95,082 $ 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 September 30, 2016 and December 31, 2015, respectively.