v3.6.0.2

CONDENSED BALANCE SHEETS (Unaudited) - USD ($)	Jul. 31, 2016	Jan. 31, 2016
CURRENT ASSETS
Cash and cash equivalents	$ 137,561	$ 231,021
Accounts receivable, net	129,614	1,415,559
Prepaid expenses	103,109	30,171
Other current assets	3,000	8,000
Total current assets	373,284	1,684,751
Property and equipment, net	123,523	187,838
Intangible asset, net	477,694	593,325
Other assets	21,316	23,567
Total Assets	995,817	2,489,481
Current Liabilities:
Accounts payable	3,057,769	3,527,083
Accrued expenses	1,196,654	497,431
Accrued royalty and other expenses - related party		84,174
Note payable - related party	297,324
Current portion of convertible and other notes payable, net of discount	1,243,972	1,029,558
Derivative liability - conversion feature	1,503,500	778,951
Total current liabilities	7,299,219	5,917,197
Convertible notes payable, net of discount	231,404
Total Liabilities	7,530,623	5,917,197
Commitments & Contingencies (Note 8)
Stockholders' Deficit
Common stock, $0.001 par value, 5,112,861,525 shares authorized; 130,473,328 and 126,455,312 shares issued and outstanding as of July 31,2016 and January 31, 2016, respectively	130,473	126,455
Additional paid-in capital	26,962,259	25,691,579
Accumulated deficit	(33,627,538)	(29,245,750)
Total Stockholders' Deficit	(6,534,806)	(3,427,716)
Total Liabilities and Stockholders' Deficit	$ 995,817	$ 2,489,481

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).

JAMMIN JAVA CORP. 10-Q