Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Deficit and Series A Preferred Stock (Tables)

v3.5.0.2
Shareholders' Deficit and Series A Preferred Stock (Tables)
 9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Balance of warrants outstanding for purchase of Company's common stock
      Common Shares
Issuable Upon
Exercise of Warrants		       Exercise
Price of
Warrants		      

 

Date

Issued

      

 

Expiration

Date

  
Balance of warrants at December 31, 2015     —                            
                                 
Issued per Merger Agreement (1)     28,000,000     $ .058       9/9/2016     9/9/2021
                                 
Issued per Securities Purchase Agreement (2)     25,862,069     $ .058       9/9/2016     9/9/2021
                                 
Balance of warrants at September 30, 2016     53,862,069                          
Shareholders' equity/(deficit) post-merger
    Preferred       Common       Additional       Shareholders
    Stock       Stock       Paid in   Accumulated   Equity
    Shares   Amount   Shares   Amount   Capital   Deficit   (Deficit)
                                                         
Balance at December 31, 2014     —       $ —         414,000,000     $ 414,000     $ (189,000 )   $ (110,875 )   $ 114,125  
                                                         
Capital contribution     —         —         —         —         25,000       —         25,000  
                                                         
Net loss     —         —         —         —         —         (381,735 )     (381,735 )
                                                         
Balance at December 31, 2015     —         —         414,000,000       414,000       (164,000 )     (492,610 )     (242,610 )
                                                         
Reverse acquisition  – September 13, 2016     21,224       213       6,087,964       6,088       6,468,123       —         6,474,424  
                                                         
Preferred Series C stock converted to common     (100 )     (1 )     10,000,000       10,000       (9,999 )     —         —    
                                                         
Stock-based compensation - restricted stock units     —         —         —         —         78,472       —         78,472  
                                                         
Net loss     —         —         —         —         —         (773,101 )     (773,101 )
                                                         
Balance at September 30, 2016 (unaudited)     21,124     $ 212       430,087,964     $ 430,088     $ 6,372,596     $ (1,265,711 )   $ 5,537,185