v3.7.0.1

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Current Assets
Cash and cash equivalents	$ 301,777	$ 638,601
Deposits paid	300,312	0
Prepayments	0	10,000
Total Assets	602,089	648,601
Current Liabilities
Accrued expenses	36,051	63,504
Convertible Promissory Note	0	1,000,000
Total Current Liabilities	36,051	1,063,504
Total liabilities	36,051	1,063,504
Stockholders' Equity
Common stock, 700,000,000 shares authorized for issuance, $0.001 par value, 133,506,570 and 28,439,904 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively	133,506	28,440
Additional paid-in capital	24,265,011	23,319,411
Accumulated deficit	(22,199,226)	(22,129,586)
Other comprehensive income	(433,253)	(433,168)
Stock subscription receivable	(1,200,000)	(1,200,000)
Total Stockholders' Equity	566,038	(414,903)
Total Equity	566,038	(414,903)
Total Liabilities and Equity	$ 602,089	$ 648,601

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

TRANSAKT LTD. 10-Q