Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash $ 9,630 $ 147,486
Accounts receivable, net 10,662 9,124
Inventory 140,660 83,475
Total current assets 160,952 240,085
Property and equipment, net 4,213
Other assets:    
Investments 1,300,000
Total assets 1,465,165 240,085
Current liabilities:    
Accounts payable 334,747 324,889
Accrued compensation 32,710
Accrued interest 1,820 4,800
Debt Obligation due to MoneyTrac Investment 45,000
Debt Obligation to Bougainville Joint Venture 925,000
Debt Obligation to GateC Joint Venture 1,500,000
Debt Obligation to Conveniant Hemp Mart, LLC 50,000
Notes payable, related party, net of debt discount of $612,663 and $0 3,005 7,487
Convertible note payable, net of debt discount of $85,297 25,814
Derivative liability 1,508,993
Total current liabilities 4,394,379 369,886
Stockholders' deficit:    
Preferred stock, $0.001 par value, 50,000,000 shares authorized; Class A preferred stock, $0.001 par value, 10,000,000 shares designated, 10,000,000 shares issued and outstanding as of June 30, 2017 and December 31, 2016 10,000 10,000
Common stock, $0.001 par value; 5,000,000,000 shares authorized; 1,975,075,786 and 1,620,996,998 shares issued and outstanding as of June 30, 2017 and December 31, 2016, respectively 1,975,075 1,620,996
Additional paid in capital 25,207,766 7,685,387
Common stock subscription 25,000
Accumulated deficit (30,147,055) (9,446,184)
Total stockholders' deficit (2,929,214) (129,801)
Total liabilities and stockholders' deficit 1,465,165 240,085
Class A Preferred Stock [Member]    
Stockholders' deficit:    
Preferred stock, $0.001 par value, 50,000,000 shares authorized; Class A preferred stock, $0.001 par value, 10,000,000 shares designated, 10,000,000 shares issued and outstanding as of June 30, 2017 and December 31, 2016 10,000 10,000
Total stockholders' deficit 10,000 10,000
Total liabilities and stockholders' deficit $ 10,000 $ 10,000