Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.3.0.814
Consolidated Balance Sheets - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 42,000 $ 855,000
Prepaid expenses 2,000 27,000
Total Current Assets 44,000 882,000
Fixed Assets, net 5,000 6,000
Total Other Assets 5,000 6,000
TOTAL ASSETS 49,000 888,000
Current Liabilities:    
Accounts payable 968,000 412,000
Accrued interest 2,611,000 2,025,000
Accrued expenses 3,576,000 3,085,000
Line of credit 28,000 28,000
Warrant liability 11,345,000 21,581,000
Settlement note payable 691,000 691,000
Demand notes payable 252,000 252,000
Convertible debentures, current portion, net of discount of $593,000 and $-0- 2,290,000 1,207,000
Convertible debentures 547,000 547,000
Total Current Liabilities 22,308,000 29,828,000
Long term liabilities:    
Convertible debt, net of discount of $2,682,000 and $2,302,000 2,290,000 634,000
Total long term liabilities 2,290,000 634,000
Total liabilities 24,598,000 30,462,000
Stockholders' Deficit:    
Convertible preferred stock - $0.001 par value; 15,000,000 shares authorized: Series C - 96,230 and 96,230 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively 1,000 1,000
Series H - 25,000 and 25,000 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively 0 0
Series I - 1,666,667 and 1,666,667 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively 2,000 2,000
Common stock - $0.001 par value; 600,000,000 shares authorized; 600,000,000 and 591,714,484 shares issued and outstanding at September 30, 2015 and December 31, 2014 600,000 592,000
Additional paid-in capital 83,321,000 82,956,000
Accumulated deficit (108,304,000) (112,956,000)
Noncontrolling interest (169,000) (169,000)
Total Stockholders' Deficit (24,549,000) (29,574,000)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 49,000 $ 888,000