v3.7.0.1

Consolidated Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
CURRENT ASSETS:
Cash		$ 12,721
Accounts receivable, net of allowance for doubtful accountsof $2,208 and $2,208, respectively
Total current assets		12,721
Property and equipment, net of accumulated depreciation of $1,000 and $1,000, respectively
Prepaid expense		60,000
Total Assets	0	72,721
CURRENT LIABILITIES:
Accounts payable	489,820	458,634
Bank balance in excess	1,574
Accrued liabilities	202,353	187,635
Accrued preferred dividend	44,359	42,047
Bank loan and notes payable:
Bank loan		115,402
Advance from officer	29,700	29,700
Loan from officer	45,000	45,000
Total current liabilities	812,806	878,418
Commitments and contingencies
STOCKHOLDERS’ DEFICIT:
Preferred stock, Series A; $0.001 par value, $3.00 face value; 25,000,000 shares authorized; 5,708 and 5,708 shares issued and outstanding, respectively	6	6
Common stock, $0.001 par value; 100,000,000 shares authorized, 13,395,341 and 13,085,341 issued and outstanding, respectively	13,395	13,085
Additional paid-in capital	4,081,449	3,952,979
Retained deficit	(4,907,656)	(4,771,767)
Total stockholders’ deficit	(812,806)	(805,697)
Total Liabilities and Stockholders’ Deficit	$ 0	$ 72,721

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

ST JOSEPH INC 10-K