Financials

v3.5.0.2
BALANCE SHEETS - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash $ 14,083 $ 11,121
Prepaid expenses 7,847 21,321
Total current assets 21,930 32,442
Deposits-other 2,315 2,315
Total Assets 24,245 34,757
Current liabilities:    
Current maturities of convertible notes and debentures payable 89,466 183,402
Warrant exercise advances 0 55
Accounts payable 368,936 823,695
Accrued salaries 89,299 317,134
Accrued interest on debentures 16,058 49,262
Total current liabilities 563,759 1,373,548
Long term debt:    
Term loan 75,000 0
Total Liabilities 638,759 1,373,548
Stockholders' deficiency:    
Common stock $0.0002 par, 1,500,000,000 shares authorized; 1,481,754,533 and 1,370,953,255 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively 296,351 274,191
Additional paid-in capital 21,694,060 20,545,939
Accumulated deficit (22,605,316) (22,158,990)
Total Stockholders' Deficiency (614,514) (1,338,791)
Total Liabilities and Stockholders' Deficiency 24,245 34,757
Series A Preferred Stock [Member]    
Stockholders' deficiency:    
Preferred Stock Value 69 69
Total Stockholders' Deficiency 69 69
Series B Preferred Stock [Member]    
Stockholders' deficiency:    
Preferred Stock Value 322 0
Total Stockholders' Deficiency $ 322 $ 0
v3.5.0.2
STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income:        
Grant income $ 0 $ 0 $ 0 $ 5,122
Total income 0 0 0 5,122
Expenses:        
Research and development 2,305 2,329 4,930 45,238
General and administrative 210,918 213,636 438,327 472,483
Interest 2,005 17,125 3,069 25,748
Total expenses 215,228 233,090 446,326 543,469
Net loss $ (215,228) $ (233,090) $ (446,326) $ (538,347)
Loss per share:        
Basic and diluted (in dollars per share) $ (0.000) $ (0.000) $ (0.000) $ (0.001)
Weighted average shares outstanding, Basic and diluted (in shares) 1,385,469,040 796,607,687 1,390,428,810 687,732,896
v3.5.0.2
STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows from Operating Activities    
Net loss $ (446,326) $ (538,347)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock issued for services 18,500 47,500
Amortization of debt issuance costs 0 26,314
Change in:    
Prepaid expenses 13,474 9,268
Accounts payable and accrued liabilities 287,598 273,233
Net cash used in operating activities (126,754) (182,032)
Cash Flows from Financing Activities    
Proceeds from stock and warrant sales, exercise of warrants and warrant exercise advances 14,716 49,050
Proceeds from issuance of debentures, notes and options 115,000 99,000
Net cash provided by financing activities 129,716 148,050
Net change in cash 2,962 (33,982)
Cash, beginning of period 11,121 34,485
Cash, end of period 14,083 503
Supplemental Disclosures    
Cash paid for interest 600 687
Non-Cash Investing and Financing Activities    
Conversion of debentures to common stock (net) 119,277 214,970
Stock issued to satisfy accrued interest and other liabilities 1,003,396 75,000
Exercise of warrants to satisfy other liabilities $ 14,659 $ 0