v3.7.0.1

Consolidated Balance Sheet (Unaudited) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash	$ 78,242	$ 63,199
Accounts receivable	335	170
Inventory	13,867	0
Total Current Assets	92,444	63,369
Fixed Assets:
Equipment, net	837	837
Intangible assets	50,000	50,000
Total Assets	143,281	114,206
Current liabilities:
Accounts payable	55,058	54,350
Accrued expenses	194,353	229,505
Convertible notes payable, net	521,043	974,396
Derivative liabilities, current	413,298	1,143,830
Total current liabilities	1,183,752	2,402,081
Derivative liabilities, noncurrent	0	130,963
Total liabilities	1,183,752	2,533,044
Stockholders' equity:
Preferred stock, $0.001 par value, 20,000,000 shares authorized 1,000 and 1,000 shares respectively issued and outstanding	1	1
Common stock, $0.001 par value, 7,000,000,000 and 7,000,000,000 shares authorized; 801,110,887 and 138,889,083 shares respectively issued and outstanding	801,111	138,889
Additional paid-in capital	4,982,070	3,584,011
Retained earnings	(6,823,653)	(6,141,739)
Total stockholders' deficit	(1,040,471)	(2,418,838)
Total liabilities and stockholders' deficit	$ 143,281	$ 114,206

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).

FBEC Worldwide Inc. 10-Q