v3.8.0.1
CONDENSED BALANCE SHEETS - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash $ 234,285 $ 1,055,895
Prepaid expenses 150,482 134,263
Total current assets 384,767 1,190,158
Property and equipment, net 18,866 24,188
Other assets:    
Deposits 19,473 27,612
Total assets 423,106 1,241,958
Current liabilities:    
Accounts payable and accrued expenses, including $10,990 and $15,755 to related parties as of June 30, 2017 and December 31, 2016, respectively 1,301,603 373,103
Dividends payable 396,939 359,891
Warrant liability 2,240,510 1,937,234
Derivative liability 285,032 288,934
Total current liabilities 4,224,084 2,959,162
Series C Preferred Stock, 1,005 and 1,070 shares issued and outstanding; liquidation preference of $1,005,000 and $1,070,000 as of June 30, 2017 and December 31, 2016, respectively 985,000 1,070,000
Stockholders' deficit    
Preferred stock, $0.001 par value, authorized 1,000,000 shares, designated 200 shares of Series A, 600 shares of Series B and 4,200 shares of Series C Preferred Stock 0 0
Common stock, $0.001 par value, authorized 200,000,000 shares, 25,627,565 and 22,588,184 issued and outstanding as of June 30, 2017 and December 31, 2016, respectively 26,414 22,588
Additional paid in capital 46,888,447 41,019,251
Common stock subscription 279,940 0
Accumulated deficit (51,980,779) (43,829,043)
Total stockholders’ deficit (4,785,978) (2,787,204)
Total liabilities and stockholders’ deficit $ 423,106 $ 1,241,958

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