Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Deficit (Tables)

Stockholders' Deficit (Tables)

3 Months Ended

Mar. 31, 2018

The following table summarizes the Company’s stock option activity for the three months ended March 31, 2018:

	Number of options		Weighted- average exercise price		Weighted- average contractual term (Yrs.)
Outstanding at December 31, 2017		38,478	$	2,072.75		8.33
Granted		-		-
Expired		-		-
Forfeit				-
Exercised		-		-
Outstanding at March 31, 2018		38,478	$	2,072.75		8.33
Exercisable at March 31, 2018		32,922	$	2,373.16

Schedule of Warrants Activity

The following summarizes the information related to warrants issued and the activity during the three months ended March 31, 2018:

	Number of warrants			Weighted average exercise price
Balance at December 31, 2017		2,176,403,218		$	0.0444
Warrants issued during the period		-		$	-
Increases due to dilution		13,411,976,939		$	-
Warrants exercised during the period		(119,746,776	)	$	0.0038
Warrants expired during the period		-		$	-
Balance at March 31, 2018		15,468,633,381		$	0.0062

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

As of March 31, 2018 and 2017, the following potential common stock equivalents were excluded from the calculation of diluted loss per share as their effect was anti-dilutive:

	As of March 31,
	2018		2017
Warrants		15,468,633,381		30,595,665
Convertible preferred stock		893,098,291		595,556
Convertible debt		781,485,502		10,007,141
Stock options		38,478		709,025
		17,143,255,652		41,907,387

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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