v3.5.0.2

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 49,326	$ 135,965
Accounts receivable	68,205	158,329
Inventory	20,465	100,637
Prepaid expenses and other current assets	35,946	17,058
Total current assets	173,942	411,989
Fixed assets, net of accumulated depreciation of $86,183 and $73,396, respectively	22,732	31,272
Intangible assets, net of accumulated amortization of $522,407 and $489,221, respectively	95,124	142,799
Other assets	106,963	104,683
Total assets	398,761	690,743
Current liabilities:
Accounts payable and accrued expenses	1,821,189	1,627,641
Income taxes payable	29,000	29,000
Deferred revenue	385,022	773,163
Loans and notes payable, current portion	502,546	469,400
Convertible notes payable, net of discount of $1,470,374 and $0, respectively	1,437,874
Derivative liabilities	3,869,620	12,173,986
Total current liabilities	8,045,251	15,073,190
Deferred revenue, long term	172,436	202,826
Convertible notes payable, net of discount of $0 and $1,247,035, respectively		849,396
Loans payable		13,953
Total liabilities	8,217,687	16,139,365
Stockholders' deficit
Common stock authorized 500,000,000 shares, $0.001 par value, 448,809,894 and 98,381,445 shares issued and outstanding, respectively	448,810	98,381
Additional paid in capital	9,501,071	6,890,970
Accumulated deficit	(17,754,836)	(22,414,873)
Accumulated other comprehensive income (loss)	(14,718)	(23,847)
Total stockholders' deficit	(7,818,926)	(15,448,622)
Total liabilities and stockholders' deficit	398,761	690,743
Preferred Stock, Undesignated
Stockholders' deficit
Preferred stock, value
Preferred Stock, Series B
Stockholders' deficit
Preferred stock, value	75	75
Preferred Stock, Series C
Stockholders' deficit
Preferred stock, value	$ 672	$ 672

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

Thinspace Technology, Inc. 10-Q