Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.3.1.900
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Operating Activities:    
Net loss $ (691,734) $ (744,562)
Adjustments to reconcile net loss to net cash provided by (used for) operating activities:    
Amortization & depreciation 454 776
Change in fair value of derivative liabilities (25,456) 21,559
Note payable beneficial conversion expense 23,750 $ 32,996
Stock Options Expense $ 26,229
Stock based compensation $ 69,888
Changes in assets and liabilities:    
Accounts payable $ 221,768 64,730
Stock subscription payable 27,815  
Accrued interest payable (136,726) 138,734
Related party payable 116,391 105,500
Notes payable 321,172  
Other payable (4,322) (530)
Net cash used for operating activities $ (120,749) $ (310,909)
Investing Activities:    
Net cash used for investing activities
Financing Activities:    
Proceeds from share issuances $ 1,502
Net proceeds from notes payable 154,315 $ 347,266
Net payments from notes payable (27,840) (35,734)
Net cash provided by financing activities 127,977 311,532
Net Change In Cash 7,228 $ 623
Cash At The Beginning Of The Period 623
Cash At The End Of The Period 7,851 $ 623
Schedule Of Non-Cash Investing And Financing Activities    
Debt converted to capital 1,472,384 $ 96,470
Issuances of shares to settle accrued interest 3,900
Gain on forgiveness of debt - related party 108,000
Supplemental Disclosure    
Cash paid for interest $ 13,825 $ 9,000
Cash paid for income taxes