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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Jun. 30, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash and cash equivalents $ 1,448 $ 15,173
Total current assets 1,448 15,173
Investment net of impairment of $455,000 and $445,000, respectively 0 0
Deposit for purchase of fixed assets 5,650,000 0
TOTAL ASSETS 5,651,448 15,173
CURRENT LIABILITIES    
Accounts payable and accrued expenses 453,589 328,705
Accounts payable to related party 200,000 0
Current portion of convertible notes payable, net of discount of $279,116 and $280,892, respectively 344,518 193,824
Current portion of accrued interest payable 89,097 68,625
Total current liabilities 1,087,204 591,154
Convertible notes payable, net of discount of $358,018 and $355,753, respectively 13,925 9,353
Accrued interest payable 12,218 8,214
TOTAL LIABILITIES $ 1,113,347 $ 608,721
COMMITMENTS AND CONTINGENCIES    
SHAREHOLDERS’ EQUITY (DEFICIT)    
Common stock, $0.0010 par value; 480,000,000 shares authorized; 6,938,875 shares and 616,908 shares issued; 6,938,858 and 616,858 shares outstanding at June 30, 2015 and December 31, 2014, respectively $ 6,939 $ 617
Preferred stock, $0.0010 stated value; 20,000,000 shares authorized; 1,000,000 shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively 1,000 1,000
Treasury shares, 17 and 50 shares as of June 30, 2015 and December 31, 2014, respectively (19) (55)
Additional paid-in capital 20,421,948 14,823,239
Common stock payable 5,000 5,000
Accumulated deficit (15,896,767) (15,423,349)
Total shareholders’ equity (deficit) 4,538,101 (593,548)
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT) $ 5,651,448 $ 15,173