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BALANCE SHEETS (unaudited) - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 61,078 $ 218,546
Accounts receivable $ 352
Deposit on Investment $ 50,000
Prepaid expenses 26,396 $ 40,902
Total Current Assets 137,474 259,800
Investments 200,000 200,000
Property and equipment, net 1,098 2,191
Intangible assets, net 19,949 28,521
Total Assets 358,521 490,512
Current Liabilities:    
Accounts payable 121,821 179,306
Accounts payable, related party 283,000 283,000
Accrued expenses 34,366 42,770
Notes payable, net of discount 814,433 66,327
Notes payable, related party 495,340 493,151
Current portion of LT notes payable 2,336 2,229
Total Current Liabilities 1,751,296 1,663,683
LT notes payable, less current portion 39,430 41,771
Total Liabilities $ 1,790,726 $ 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; 69,772,918 and 63,341,163 shares issued and outstanding, respectively $ 697,729 $ 633,412
Common Stock to be issued 63,000
Additional paid-in capital $ 48,677,924 $ 48,428,724
Accumulated deficit (50,974,627) (50,506,847)
Total Stockholders’ Equity (Deficit) (1,432,205) (1,214,942)
Total Liabilities and Stockholders’ Equity (Deficit) $ 358,521 $ 490,512