Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) from continuing operations $ (3,547,594) $ (7,360,235)
Adjustments to reconcile net loss to net cash used by operating activities:    
Depreciation 5,105 20,600
Compensation issued in stock 0 119,535
Impairment expense 3,261,144 6,960,887
Loss on asset disposal 100,214 0
Gain on derivative liability 59,117 0
Accretion debt discount 40,507 0
Increase (decrease) in accounts payable /accrued expenses (31,036) 42,547
NET CASH USED IN OPERATING ACTIVITIES (112,543) (216,666)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of equipment 0 0
NET CASH PROVIDED (USED) IN INVESTING ACTIVITIES 0 0
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of note receivable 0 5,000
Issuance of notes payable 79,000 135,000
Net additional funding by related party notes 39,267 70,544
NET CASH PROVIDED BY FINANCING ACTIVITIES 118,267 210,544
NET DECREASE IN CASH 5,724 (6,122)
CASH, BEGINNING OF PERIOD 923 7,045
CASH, END OF PERIOD 6,647 923
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest paid 3,286 4,355
Income taxes paid 0 0
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES    
Preferred stock series A & B stock issued in purchase of acquisition assets 0 8,023,377
Common stock issued for investment 2,020,000 0
Common stock exchanged for debt 33,400 74,158
Common stock issued for services 0 67,690
Treasury stock issued for debt $ 0 $ 45,320