Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2016

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following securities are excluded from the calculation of weighted average dilutive common shares because they are not currently convertible, or because their inclusion would have been anti-dilutive:

	For the Six Months Ended
	June 30,
	2016		2015
Convertible preferred stock, Series A		667,169		667,169
Convertible preferred stock, Series A-1		393,645		393,645
Convertible preferred stock, Series D [1]		-		760,959,600
Convertible preferred stock, Series F [1]		-		-
Warrants		-		797,358
Convertible debt		-		200,000
Total potentially dilutive shares		1,060,814		763,017,722

^[1]

The Series D and Series F preferred shares are convertible at a rate of 400 pre-split shares of common stock for each share of preferred stock but not until the Company has effected a sufficient increase in the authorized common shares. The Series D and Series F preferred shares were mandatorily converted to common shares at a ratio of 1 to 20 when the reverse split of common shares was effectuated on May 26, 2016.