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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 402,863 $ 460,111
Cash in escrow 400,251 402,532
Prepaid expenses 18,774 28,160
Total Current Assets 821,888 890,803
Investments 500,000 500,000
Total Assets 1,321,888 1,390,803
Current Liabilities:    
Accounts payable 157,358 167,900
Accrued expenses 14,680 26,708
Notes payable and accrued interest 1,880,032 1,825,135
Notes payable, related party and accrued interest 124,369 120,611
Total Liabilities 2,176,439 2,140,354
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; 78,696,461 shares issued and outstanding 786,964 786,964
Additional paid-in capital 48,791,598 48,791,598
Stock to be issued 8,600 8,600
Accumulated deficit (50,608,482) (50,503,482)
Total Stockholders’ Equity (Deficit) (854,551) (749,551)
Total Liabilities and Stockholders’ Equity (Deficit) $ 1,321,888 $ 1,390,803