Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.3.1.900
Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 69,489 $ 37,817
Accounts receivable, less allowance for doubtful accounts of $148 and $0, respectively 275,092 281,658
Prepaid expenses 1,462 4,462
Total current assets 346,043 323,937
Property and Equipment, less accumulated depreciation of  $1,147 and $19, respectively 14,422 4,566
Intangible assets less accumulated amortization of $507,777 and $8,352, respectively 2,266,358 1,134,810
Total assets 2,626,823 1,463,313
Current liabilities:    
Accounts payable and accrued expenses 355,597 $ 138,325
Credit card liability 274,135
Deferred revenue 518,240
Advance from related party 318,002 $ 80,325
Current portion of long-term debt - related party 26,875
Notes payable and current portion of long-term debt 1,104,159 $ 416,645
Total current liabilities 2,597,008 $ 635,295
Long-term debt less current installments - related party 80,625
Long-term debt less current installments 555,937 $ 794,941
Total liabilities $ 3,233,570 $ 1,430,236
Commitments and contingencies
Stockholders’ equity (deficit):    
Preferred stock: $0.001 par value; 100,000,000 shares authorized; no shares issued and outstanding
Common stock: $0.001 par value; 100,000,000 shares authorized; 36,130,432 shares and 28,000,000 shares issued and outstanding at December 31, 2015 and December 31, 2014, respectively $ 36,130 $ 28,000
Additional paid in capital 784,929 12,000
Accumulated deficit (1,427,806) (6,923)
Total stockholders’ equity (deficit) (606,747) 33,077
Total liabilities and stockholders’ equity (deficit) $ 2,626,823 $ 1,463,313