Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 146,376 $ 63,709
Accounts receivable, less allowance for doubtful accounts of $17,000 and $17,000, respectively 138,239 126,428
Prepaid expenses 110,677 568,700
Total current assets 395,292 758,837
Property and Equipment, less accumulated depreciation of $7,666 and $4,675, respectively, 11,441 14,432
Intangible assets less accumulated amortization of $270,457 and $167,449, respectively 114,187 217,195
Goodwill 866,782 866,782
Deposits on investments 1,700,000 500,000
Total assets 3,087,702 2,357,246
Current liabilities:    
Accounts payable and accrued expenses 778,969 775,624
Credit card liability 336,726 336,726
Deferred revenue 165,000
Derivative liability 641,402 584,168
Advance from related party 389,502 356,502
Current portion of long-term debt - related party 49,000 53,750
Notes payable and current portion of long-term debt 1,522,035 1,788,124
Total current liabilities 3,717,634 4,059,894
Long-term debt less current installments - related party 53,750
Long-term debt less current installments 52,187 58,651
Total liabilities 3,769,821 4,172,295
Commitments and contingencies
Stockholders' deficit:    
Preferred stock: $0.001 par value; 100,000,000 shares authorized; 10,000,000 shares issued and outstanding 10,000 10,000
Common stock: $0.001 par value; 100,000,000 shares authorized; 82,582,035 shares and 57,343,901 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively 82,582 57,344
Additional paid in capital 7,517,057 4,145,589
Accumulated deficit (8,291,758) (6,027,982)
Total stockholders' deficit (682,119) (1,815,049)
Total liabilities and stockholders' deficit $ 3,087,702 $ 2,357,246