Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)

v3.5.0.2
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 21,733 $ 119,010
Marketable securities 28,390 9,410
Accounts receivable 21,968 29,999
Notes receivable 35,000 60,000
Inventory 32,300 150,823
Deposits in escrow 10,000 0
Prepaid insurance 115,849 73,755
Prepaid expenses and other current assets 323,241 83,663
Total current assets 588,481 526,660
Property and equipment, net of accumulated depreciation of $31,977 and $16,986, respectively 455,588 470,578
Land 4,945,000 4,945,000
Construction in progress 1,153,264 624,173
Deferred Costs 0 375,018
Deposits and other assets, net of reserve of $112,500 and $115,000, respectively 7,486 50,212
Total assets 7,149,819 6,991,641
Current liabilities    
Accounts payables 5,670,863 3,100,804
Accrued interest payable 824,919 430,702
Accrued expenses, directors 237,854 241,410
Accrued settlement and severance expenses 653,313 962,703
Accrued legal contingencies 412,538 185,225
Other accrued expenses 174,154 275,269
Deferred revenue, current 160,822 214,343
Notes payable, net of premium of $10,000 and $16,667, respectively and discounts of $323,924 and $0, respectively 1,294,051 256,897
Related party notes payable, net of discount of $12,000 and $0, respectively 277,866 0
Convertible notes payable, net of discount of $0 and $151,414 , respectively 7,334,454 6,667,523
Convertible notes payable, directors 105,000 0
Derivative Liability 2,159,066 19,246,594
Warrant Liability 5,552 940,000
Customer deposits 931,204 931,204
Total current liabilities 20,241,656 33,452,674
Notes Payable, less current portion 4,044,206 4,288,631
Deferred revenue, less current portion 258,203 337,523
Total liabilities 24,544,065 38,078,828
Stockholders' Deficit    
Preferred stock, $0.001 par value: 10,000,000 authorized; 0 issued and outstanding as of June 30, 2016 and December 31, 2015, respectively 0 0
Common stock, $0.001 par value: 10,000,000,000 authorized, 3,008,785,640 and 240,971,727 issued and outstanding as of June 30, 2016 and December 31, 2015, respectively 3,008,786 240,972
Additional paid-in capital 45,709,863 42,600,089
Treasury stock (1,209,600) (1,209,600)
Accumulated deficit (64,728,521) (72,524,893)
Accumulated other comprehensive loss (174,774) (193,755)
Total stockholders' deficit (17,394,246) (31,087,187)
Total liabilities and stockholders' deficit $ 7,149,819 $ 6,991,641