Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.5.0.2
Stockholders' Equity (Tables)
 6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
Dividends Preferred Stock

Dividend charges recorded during the three months and six months ended June 30, 2016 and 2015 are as follows:

 

    For the three Months Ended  
    June 30,  
    2016     2015  
             
Series                
A   $ 12,510       12,510  
A-1     7,380       7,381  
B     -       -  
C-1     -       -  
C-2     -       -  
C-3     -       -  
Total   $ 19,890     $ 19,891  

 

    For the six Months Ended  
    June 30,  
    2016     2015  
             
Series                
A   $ 25,020       25,019  
A-1     14,761       14,760  
B     -       -  
C-1     -       -  
C-2     -       -  
C-3     -       -  
Total   $ 39,781     $ 39,779  

Schedule of Accrued Liabilities

Accrued dividends payable at June 30, 2016 and December 31, 2015 are comprised of the following:

 

    June 30, 2016     December 31, 2015  
Series                
A   $ 284,666     $ 259,646  
A-1     206,247       191,487  
B     -       -  
C-1     -       -  
C-2     -       -  
C-3     -       -  
Total   $ 490,913     $ 451,133  

Schedule of Warrants Activity

A summary of the warrant activity during the six months ended June 30, 2016 is presented below:

 

          Weighted     Weighted        
          Average     Average        
    Number of     Exercise     Remaining     Intrinsic  
    Warrants     Price     Life in Years     Value  
Outstanding, December 31, 2015     437,335     $ 0.60       -       -  
Issued     -       -       -       -  
Exercised     -       -       -       -  
Expired     (437,335 )     0.60       -       -  
Outstanding, June 30, 2016     -     $ -       -     $ -  
Exercisable, June 30, 2016     -     $ -       -     $ -