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BALANCE SHEETS (unaudited) - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 84,432 $ 218,546
Accounts receivable 352
Prepaid expenses $ 37,885 $ 40,902
Deposit on Investment 50,000
Total Current Assets 172,317 $ 259,800
Investments 200,000 200,000
Property and equipment, net 1,372 2,191
Intangible assets, net 22,092 28,521
Total Assets 395,781 490,512
Current Liabilities:    
Accounts payable 419,334 462,306
Accrued expenses 40,795 42,770
Notes payable, net of discount 1,270,055 1,156,378
Current portion of LT notes payable 2,293 2,229
Total Current Liabilities 1,732,477 1,663,683
LT notes payable, less current portion 40,765 41,771
Total Liabilities $ 1,773,242 $ 1,705,454
Commitments and Contingencies
Stockholders’ Equity (Deficit):    
Preferred stock; $0.01 par value, 25,000,000 authorized shares; 20,500,000 shares designated as Series B Convertible Preferred Stock; Series B Convertible Preferred shares 16,676,942 issued and outstanding $ 166,769 $ 166,769
Common Stock; $0.01 par value; 150,000,000 authorized; 68,272,918 and 63,341,163 shares issued and outstanding, respectively 682,729 633,412
Common Stock to be issued 30,000 63,000
Additional paid-in capital 48,626,924 48,428,724
Accumulated deficit (50,883,883) (50,506,847)
Total Stockholders’ Equity (Deficit) (1,377,461) (1,214,942)
Total Liabilities and Stockholders’ Equity (Deficit) $ 395,781 $ 490,512