XML 16 R5.htm IDEA: XBRL DOCUMENT v3.3.1.900
STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash Flows From Operating Activities:    
Net loss $ (96,116) $ (295,569)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation of property and equipment 1,347 1,641
Amortization of debt discount 35,368 7,238
Issuance of stock for services 26,000 $ 99,000
Preferred Stock Issuance $ 1
Changes in fair market value of derivative liability $ (7,238)
Writeoff of intangible assets $ 1,000
Loss on settlement of Vulcan note $ 45,227
Changes in assets and liabilities:    
Other (non-current) assets $ (12,250)
Accounts receivable (25,974)
Prepaid expenses $ (25,998)  
Accrued interest on notes receivable $ (48,789)
Accounts payable and accrued expenses $ 109,262 80,119
Accrued interest on notes payable 8,411 54,426
Net cash produced by (used in) operating activities $ 21,051 (63,945)
Cash flows from financing activities:    
Payments made on a note payable (58,562)
Additional borrowing under a note 122,500
Cash inflow from a bank overdraft 7
Net cash used in financing activities $ 63,945
Net increase in cash $ 21,051
Cash, beginning of year
Cash, end of year $ 21,051
NON-CASH ACTIVITIES:    
Shares issued to reduce notes payable 254,665
Reduction of note payable through conversion (255,223) $ (110,378)
Reclassification of par value for reverse stock split $ 558
Debt discount recorded on convertible and unsecured debt accounted for as a derivative liability $ (6,314)
Shares returned to treasury (600,000)
Issuance of shares to cancel Vulcan debt deal $ 120,000