Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
STATEMENTS OF CASH FLOWS (USD $)	Dec. 31, 2014	Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (8,473,040)us-gaap_NetIncomeLoss	$ (9,804,631)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to cash used in operating activities:
Depreciation	15,809us-gaap_Depreciation	17,059us-gaap_Depreciation
Amortization of debt discount	593,770	2,441,220
Stock based compensation	5,743,425us-gaap_ShareBasedCompensation	3,305,063us-gaap_ShareBasedCompensation
Fair value of warrants issued in connection with Series C preferred stock modifications	0us-gaap_OtherNoncashExpense	1,074,833us-gaap_OtherNoncashExpense
Fair value of warrants issued for services	0	837,243
Changes in operating assets and liabilities:
Prepaid expenses	8,715	20,000
Accounts payable	(110,844)	349,809
Stock based payable	226,305	0
Deferred rent payable	(1,212)	(3,055)
Net cash used in operating activities	(1,997,072)	(1,762,459)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(3,963)	(11,716)
Net cash used in investing activity	(3,963)	(11,716)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net proceeds from the sale of Series C preferred stock and warrants	0	1,768,410
Proceeds from sale of common stock	1,969,410	299,974
Payments of related party notes	0us-gaap_RepaymentsOfRelatedPartyDebt	(30,000)us-gaap_RepaymentsOfRelatedPartyDebt
Net repayments of related party advances	(30,781)	13,741
Net cash provided by financing activities	1,938,629	2,052,125
Net (decrease) increase in cash and cash equivalents	(62,406)	277,950
Cash and cash equivalents, beginning of the period	302,187	24,237
Cash and cash equivalents, end of the period	239,781	302,187
Supplemental disclosures of cash flow information:
Cash paid during the period for interest	0us-gaap_InterestPaid	0us-gaap_InterestPaid
Cash paid during the period for income taxes	0us-gaap_IncomeTaxesPaid	0us-gaap_IncomeTaxesPaid
Non cash investing and financing activities:
Convertible bridge notes payable exchanged for preferred shares	0	600,000
Related party donated capital	87,500	0
Series A Preferred Stock [Member]
Non cash investing and financing activities:
Common stock issued upon conversion preferred stock and accrued dividends	1,063,331	0
Series B Preferred Stock [Member]
Non cash investing and financing activities:
Common stock issued upon conversion preferred stock and accrued dividends	997,526	0
Series C Preferred Stock [Member]
Non cash investing and financing activities:
Common stock issued upon conversion preferred stock and accrued dividends	88,900	0
Stock Issued for Services [Member]
Non cash investing and financing activities:
Common stock issued	85,000	0
Stock Issued for Settlement of Accounts Payable [Member]
Non cash investing and financing activities:
Common stock issued	65,000	0
Stock Issued for Settlement of Related Party Note and Advances Payable [Member]
Non cash investing and financing activities:
Common stock issued	0	228,508
Stock issued for Settlement of Accrued Interest [Member]
Non cash investing and financing activities:
Common stock issued	$ 0	$ 18,677