JAMMIN JAVA CORP.

CIK:0001334586|SEC Filings

STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016	Oct. 31, 2015
Operating Expenses:
Compensation and benefits	$ 42,407	$ 304,798	$ 1,258,144	$ 935,452
General and administrative	221,483	342,176	1,141,568	1,104,422
Total operating expenses	263,890	646,974	2,399,712	2,039,874
Other expense
Other income (expense)		(17,165)		(49,702)
Changes in fair value of derivative liability	(2,338,989)	(118,370)	(2,983,972)	(118,370)
Gain on extinguishment of debt			362,506
Loss on settlement of accounts payable	(28,516)		(28,516)
Interest expense	(731,144)	(41,367)	(1,917,519)	(50,940)
Total other income (expense)	(3,098,649)	(176,902)	(4,567,501)	(219,012)
Net loss from continuing operations	(3,362,539)	(823,876)	(6,967,213)	(2,258,886)
Net income (loss) from discontinued operations	(53,824)	(672,953)	(830,938)	(1,403,674)
Net Loss	$ (3,416,363)	$ (1,496,829)	$ (7,798,151)	$ (3,662,560)
Continuing operations	$ (0.02)	$ (0.01)	$ (0.05)	$ (0.02)
Discontinued operations	0.00	0.00	0.00	(.01)
Total	$ (0.02)	$ (0.01)	$ (0.05)	$ (0.03)
Weighted average number of common shares outstanding - basic and diluted (in shares)	190,115,702	125,687,580	149,769,338	125,375,347

STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	Oct. 31, 2016	Oct. 31, 2015
Operating Activities:
Net loss	$ (7,798,151)	$ (3,662,560)
Net loss from discontinued operations	830,938	1,403,674
Adjustments to reconcile net loss to net cash provided (used) by operating activities:
Change in fair value of derivative liability	2,983,972	118,370
Loss on settlement of accounts payable	28,516
Amortization of stock options	840,471	939,808
Common stock issued for services	46,180	188,346
Original issue discount on convertible notes payable	(49,974)
Amortization of discount on notes payable	881,994
Changes in operating assets and liabilities:
Other current assets	5,000	(27,167)
Other assets	17,966	3
Accrued liability - related party		(11,957)
Accounts payable and accrued liabilities	1,768,958
Net cash used in operating activities - continuing operations	(444,130)	(1,051,483)
Net cash provided by (used in) operating activities - discontinued operations	39,130	(861,594)
Net cash used in operating activities	(405,000)	(1,913,077)
Investing Activitites:
Net cash provided by investing activities - discontinued operations	31,912	65,108
Net cash provided by investing activities	31,912	65,108
Financing Activities:
Proceeds from issuance of notes payable	582,389	1,464,523
Proceeds from issuance of convertible notes payable	775,000
Repayments of notes payable	(680,392)
Repayments of notes payable	(524,653)
Net cash provided by financing activities	152,344	1,464,523
Net increase in cash	(220,744)	(383,446)
Cash - Beginning of Period	231,021	443,189
Cash - End of Period	10,277	59,743
Noncash Investing and Financing Transactions:
Accounts payable converted to common stock	430,964
Settlement of derivative liability	362,506
Common stock issued for conversion of convertible note payable	338,540
Settlement of convertible notes payable derivative liability	317,894
Derivative discount on convertible notes payable	618,977
Interest expense		$ 4,400
Common stock issued for debt issuance costs	27,500
Note payable issued for accounts payable	$ 297,324

BALANCE SHEETS (Unaudited) - USD ($)	Oct. 31, 2016	Jan. 31, 2016
CURRENT ASSETS
Cash and cash equivalents	$ 10,277	$ 231,021
Current assets of discontinued operations	664,432	1,440,730
Prepaid expenses	5,000	5,000
Other current assets	3,000	8,000
Total current assets	682,709	1,684,751
Noncurrent assets of discontinued operations		781,163
Other assets	5,600	23,567
Total Assets	688,309	2,489,481
Current Liabilities
Accounts payable	254,846	81,272
Accrued expenses	783,536
Current liabilities of discontinued operations	3,587,017	4,027,416
Convertible notes payable in default	207,345
Current portion of convertible and other notes payable, net of discount	961,378	1,029,558
Derivative liability - conversion feature		778,951
Total current liabilities	5,794,122	5,917,197
Convertible notes payable, net of discount	231,404
Derivative liability - conversion feature	3,524,595
Total Liabilities	9,550,121	5,917,197
Commitments & Contingencies
Stockholders' Deficit
Common stock, $0.001 par value, 5,112,861,525 shares authorized; 230,567,965 and 126,455,312 shares issued and outstanding as of October 31, 2016 and January 31, 2016, respectively	230,568	126,455
Additional paid-in capital	27,897,174	25,691,579
Common stock payable	54,347
Accumulated deficit	(37,043,901)	(29,245,750)
Total Stockholders' Deficity	(8,861,812)	(3,427,716)
Total Liabilities and Stockholders' Deficit	$ 688,309	$ 2,489,481