Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Stockholders' Deficit

v3.19.1
Consolidated Statements of Stockholders' Deficit - USD ($)
Preferred Stock [Member]
Common Stock [Member]
Additional Paid In Capital [Member]
Subscription Receivable [Member]
Accumulated Deficit [Member]
Total
Balance at Dec. 31, 2016 $ 2,965 $ 4,659,579 $ (3,787) $ (6,863,102) $ (2,204,346)
Balance, shares at Dec. 31, 2016   29,645,814        
Amortization of stock option grants and restricted units 236,149 236,149
Series A, preferred stock contractual dividends (31,890) (31,890)
Issuance of stock to senior management $ 1,500 (1,500)
Issuance of stock to senior management, shares 15,000,000        
Issuance of stock to settle accounts payable and accrued expenses $ 174 260,505 260,679
Issuance of stock to settle accounts payable and accrued expenses, shares   1,738,195        
Forgiveness of deferred salary by officer 112,797 112,797
Issuance of stock to consultants for services $ 200 209,400 209,600
Issuance of stock to consultants for services, shares 2,000,000        
Reclassification of derivative liabilities upon adoption of ASU 2017-11 601,709 (388,667) 213,042
Net loss (2,718,205) (2,718,205)
Balance at Dec. 31, 2017 $ 4,838 6,046,749 (3,787) (9,969,974) (3,922,174)
Balance, shares at Dec. 31, 2017 48,384,009        
Amortization of stock option grants and restricted units 177,178 177,178
Series A, preferred stock contractual dividends (40,768) (40,768)
Issuance of stock to consultants for services 300 153,986 154,286
Issuance of stock to consultants for services, shares          
Conversion of bridge subscription to equity $ 61 57,603 57,664
Conversion of bridge subscription to equity, shares   613,451        
Net loss (397,257) (397,257)
Balance at Dec. 31, 2018 $ 5,199 $ 6,394,748 $ (3,787) $ (10,367,231) $ (3,971,071)
Balance, shares at Dec. 31, 2018 51,997,460