v3.20.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash $ 16,522 $ 27,908
Prepaid expenses 85,713 57,196
Other current assets 29,425 29,679
Total Assets 131,660 114,783
Current Liabilities:    
Accounts payable 312,794 135,415
Accrued expenses 1,145,457 1,051,961
Accrued expenses - related parties 81,501 195,334
Accrued interest 470,103 426,516
Accrued interest - related parties 157,657 146,491
Accrued compensation 605,257 603,520
Advances payable 235,500 235,500
Advances payable - related party 100,000 100,000
Notes payable, net of debt discount of $0 and $1,292, as of March 31, 2020 and December 31, 2019, respectively 1,113,000 1,111,708
Notes payable - related parties 150,000 150,000
Convertible notes payable, net of debt discount of $52,890 and $1,467 as of March 31, 2020 and December 31, 2019, respectively 1,570,110 966,533
Convertible notes payable - related parties 225,000 225,000
Derivative liabilities 351,900
Accrued dividend payable 223,151 11,846
Total Current Liabilities 6,389,530 5,711,724
Convertible notes payable - non-current portion 145,000
Total Liabilities 6,389,530 5,856,724
Commitments and contingencies (Note 8)
Stockholders' Deficiency:    
Common Stock, $0.001 par value, 200,000,000 shares authorized; 27,329,933 and 27,076,762 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively 27,330 27,077
Additional paid-in capital 15,673,117 15,375,565
Accumulated deficit (21,959,575) (21,145,828)
Total Stockholders' Deficiency (6,257,870) (5,741,941)
Total Liabilities and Stockholders' Deficiency 131,660 114,783
Series A Convertible Preferred Stock [Member]    
Stockholders' Deficiency:    
Convertible Preferred Stock, $0.001 par value, 10,000,000 shares authorized; Series A Convertible Preferred Stock, 1,335,000 shares designated, 1,258,416 and 1,245,083 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively; liquidation preference of $9,661,271 and $9,349,969 as of March 31, 2020 and December 31, 2019, respectively $ 1,258 $ 1,245

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