Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current Assets:    
Cash $ 1,638 $ 6,944
Prepaid expenses 114,610 71,882
Other current assets 145,510 134,736
Total Current Assets 261,758 213,562
Property and equipment, net 622 1,267
Deferred financing costs 20,000  
Total Assets 282,380 214,829
Current Liabilities:    
Accounts payable and accrued expenses, current portion 955,584 586,485
Accounts payable and accrued expenses - related parties 209,554 214,629
Accrued compensation 516,161 324,672
Derivative liabilities 3,332,900 3,279,600
Notes payable, net of debt discount of $73,600 and $41,600 at September 30, 2016 and December 31, 2015, respectively 1,739,400 708,400
Notes payable - related parties, net of debt discount of $11,100 and $19,300 at September 30, 2016 and December 31, 2015, respectively 138,900 180,700
Convertible notes payable, current portion, net of debt discount of $366,346 and $214,550 at September 30, 2016 and December 31, 2015, respectively 1,001,154 180,450
Advances payable 200,000 450,000
Total Current Liabilities 8,093,653 5,924,936
Convertible notes payable, non-current portion, net of debt discount of $0 and $288,832 at September 30, 2016 and December 31, 2015, respectively   43,668
Accounts payable and accrued expenses, non-current portion   4,474
Total Liabilities 8,093,653 5,973,078
Commitments and contingencies
Stockholders' Deficiency:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; no shares issued and outstanding at September 30, 2016 and December 31, 2015
Common stock, $0.001 par value; 200,000,000 shares authorized; 24,429,256 and 23,929,256 shares issued and outstanding at September 30, 2016 and December 31, 2015 24,429 23,929
Additional paid-in capital 4,991,473 4,720,417
Accumulated deficit (12,827,175) (10,502,595)
Total Stockholders' Deficiency (7,811,273) (5,758,249)
Total Liabilities and Stockholders' Deficiency $ 282,380 $ 214,829