Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 63,201 $ 69,489
Accounts receivable 218,886 275,092
Prepaid expenses 305,762 1,462
Total current assets 587,849 346,043
Property and Equipment, less accumulated depreciation of $3,181 and $1,685, respectively, 12,926 14,422
Intangible assets less accumulated amortization of $970,133 and $507,777, respectively 1,804,002 2,266,358
Total assets 2,404,777 2,626,823
Current liabilities:    
Accounts payable and accrued expenses 511,195 355,597
Credit card liability 347,026 274,135
Deferred revenue 165,700 518,240
Advance from related party 358,002 318,002
Current portion of long-term debt - related party 53,750 26,875
Notes payable and current portion of long-term debt 1,394,288 1,104,159
Total current liabilities 2,829,961 2,597,008
Long-term debt less current installments - related party 53,750 80,625
Long-term debt less current installments 75,530 555,937
Total liabilities 2,959,241 3,233,570
Stockholders' deficit:    
Preferred stock: $0.001 par value; 100,000,000 shares authorized; 10,000,000 shares issued and outstanding at June 30, 2016 and none at December 31, 2015 10,000
Common stock: $0.001 par value; 100,000,000 shares authorized; 46,156,977 shares and 36,130,432 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively 46,157 36,130
Additional paid in capital 2,532,690 784,929
Accumulated deficit (3,143,311) (1,427,806)
Total stockholders' deficit (554,464) (606,747)
Total liabilities and stockholders' deficit $ 2,404,777 $ 2,626,823