Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 285,000 $ 3,204,000
Accounts receivable, net 12,000 31,000
Other receivable 200,000
Prepaid expenses 56,000 25,000
Trading securities, at market value 22,000 59,000
Current assets of discontinued operations 50,000
Total Current Assets 375,000 3,569,000
Property and equipment, net 146,000 181,000
Intangible assets, net 13,000 18,000
Capitalized licensing rights, net 265,000 40,000
Other assets 16,000 5,000
Non-current assets of discontinued operations 8,000 47,000
TOTAL ASSETS 823,000 3,860,000
Current Liabilities:    
Accounts payable and accrued liabilities 186,000 118,000
Minimum Guaranteed Royalties Payable 75,000
Loan Payable - Related Party 200,000
Current liabilities of discontinued operations 35,000 58,000
Total Current Liabilities 496,000 176,000
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of September 30, 2017 and December 31, 2016; 20,000 Class E shares issued and outstanding as of September 30, 2017 and December 31, 2016 13 13
Common Stock, $0.0001 par value, 750,000,000 shares authorized 171,991,859 and 157,637,026 shares issued and outstanding as of September 30, 2017 and December 31, 2016 17,199 15,763
Additional paid-in capital 40,260,788 34,752,224
Accumulated deficit (39,951,000) (31,084,000)
Total Stockholders' Equity 327,000 3,684,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 823,000 3,860,000
Class A Preferred Stock [Member]    
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of September 30, 2017 and December 31, 2016; 20,000 Class E shares issued and outstanding as of September 30, 2017 and December 31, 2016 11 11
Total Stockholders' Equity 11 11
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 11 11
Class E Preferred Stock [Member]    
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of September 30, 2017 and December 31, 2016; 20,000 Class E shares issued and outstanding as of September 30, 2017 and December 31, 2016 2 2
Total Stockholders' Equity 2 2
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2 $ 2