Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 576,000 $ 19,000
Prepaid expenses 0 2,000
Total Current Assets 576,000 21,000
Intangible assets 253,777,000 0
Deposits 9,000 0
Fixed assets, net 6,000 4,000
Total Other Assets 253,792,000 4,000
TOTAL ASSETS 254,368,000 25,000
Current Liabilities:    
Accounts payable 2,546,000 2,100,000
Accrued interest 0 3,800,000
Accrued expenses 102,000 219,000
Line of credit 31,000 31,000
Warrant liability 0 417,000
Settlement note payable 0 691,000
Demand notes payable, net of discount of $-0- and $-0- 0 452,000
Convertible debentures, net of discount of $-0- and $794,000 current portion 0 10,350,000
Senior secured convertible debentures 0 889,000
Total Current Liabilities 2,679,000 18,949,000
Long term liabilities:    
Convertible debentures, net of discount of $-0- and $2,536,000 0 0
Total long term liabilities 0 0
Total liabilities 2,679,000 18,949,000
Stockholders' Deficit:    
Common stock - $0.001 par value; 750,000,000 shares authorized; and 50,117,977 and 104,218 shares issued and outstanding at December 31, 2017 and December 31, 2016, respectively 50,000 0
Additional paid-in capital 519,702,000 105,891,000
Accumulated deficit (267,896,000) (124,649,000)
Noncontrolling interest (169,000) (169,000)
Total Stockholders' Deficit 251,689,000 (18,924,000)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 254,368,000 25,000
Series C    
Stockholders' Deficit:    
Convertible preferred stock - $0.001 par value; 15,000,000 shares authorized 1,000 1,000
Series H    
Stockholders' Deficit:    
Convertible preferred stock - $0.001 par value; 15,000,000 shares authorized 0 0
Series I    
Stockholders' Deficit:    
Convertible preferred stock - $0.001 par value; 15,000,000 shares authorized 0 2,000
Series J    
Stockholders' Deficit:    
Convertible preferred stock - $0.001 par value; 15,000,000 shares authorized $ 1,000 $ 0