Quarterly report pursuant to Section 13 or 15(d)

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

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Basis of Presentation and Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2017
Accounting Policies [Abstract]  
Schedule of Estimated Useful Life of Property and Equipment

The estimated useful lives of property and equipment are generally as follows:

 

    Years  
Office furniture and fixtures     4  
Computer equipment     4  
Appliques     10  
Website development     2  
Schedule of Reconciliation of Derivative Liability Measured at Fair Value

The following table presents a reconciliation of the derivative liability measured at fair value on a recurring basis using significant unobservable input (Level 3) from January 1, 2017 to March 31, 2017:

 

    Conversion Feature
Derivative Liability 		    Warrant Liability     Total  
Balance at January 1, 2017   $ -     $ 1,237     $ 1,237  
Change in fair value included in earnings     -       (1,114 )     (1,114 )
Balance March 31, 2017   $ -     $ 123     $ 123  
Schedule of Dilutive Common Stock Equivalents

The following are dilutive common stock equivalents during the period ended:

 

    March 31, 2017     March 31, 2016  
Convertible preferred stock     204,991,305       211,426,518  
Stock options     12,850,000       2,850,000  
Stock warrants     5,000       5,000  
Total     217,846,305       214,281,518