Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CHANGE IN SHAREHOLDERS' EQUITY

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CONDENSED CONSOLIDATED STATEMENTS OF CHANGE IN SHAREHOLDERS' EQUITY - 3 months ended Mar. 31, 2017 - USD ($)
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-In Capital [Member]
Accumulated Deficit [Member]
Total
Balance, shares at Dec. 31, 2016 100,000 44,901,531      
Balance at Dec. 31, 2016 $ 1,000 $ 449,016 $ 9,944,744 $ (8,824,806) $ 1,569,954
Common stock issued for services ($0.850/share)   $ 36 3,024   3,060
Common stock issued for services ($0.850/share), shares   3,600      
Common stock issued for 10% dividend payment pursuant to Series A preferred stock   $ 100 (100)  
Common stock issued for 10% dividend payment pursuant to Series A preferred stock, shares   10,000      
Stock option compensation expense     38,259   38,259
Beneficial conversion feature     245,000   245,000
Net loss       (683,247) (683,247)
Balance, shares at Mar. 31, 2017 100,000 44,915,131      
Balance at Mar. 31, 2017 $ 1,000 $ 449,152 $ 10,230,927 $ (9,508,053) $ 1,173,026