$RDAR

PITOOEY!, INC.

CIK:0001384365|SEC Filings

Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Details
Revenue, net	$ 0	$ 0	$ 0	$ 0
Cost of goods sold	0	0	0	0
Gross profit	0	0	0	0
Operating expenses:
Advertising and marketing	0	247	0	268
Depreciation	0	1,144	350	3,432
Executive compensation	24,000	24,000	88,503	72,000
General and administrative expenses	63,431	4,746	191,930	25,909
Professional fees, including stock-based compensation of $148,850, $6,635,000, $0 and $35,000, respectively	22,587	86,869	400,724	6,708,912
Salaries and wages	0	0	17,944	116,596
Total operating expenses	110,018	117,006	699,451	6,927,117
Income (loss) from operations	(110,018)	(117,006)	(699,451)	(6,927,117)
Other income (expense):
Interest expense	(143,564)	(137,204)	(702,220)	(285,669)
Debt forgiveness	0	0	13,817	13,246
Other income (expense)	149,500	18	73,932	3,270
Change in fair value of derivatives	134,450	13,617	574,408	19,550
Total other income (expense)	140,386	(123,569)	(40,063)	(249,603)
Loss before provision for income taxes	30,368	(240,575)	(739,514)	(7,176,720)
Provision for income taxes	0	0	0	0
Net income (loss)	$ 30,368	$ (240,575)	$ (739,514)	$ (7,176,720)
Basic net income (loss) per common share attributable to common stockholders	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.06)
Diluted net income (loss) per common share attributable to common stockholders	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.06)
Weighted-average number of shares used in computing basic per share amounts	605,720,662	134,475,890	309,382,704	127,046,727
Weighted-average number of shares used in computing dilutive per share amounts	8,000,000,000	134,475,890	309,382,704	127,046,727

Condensed Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (739,514)	$ (7,176,720)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation	148,850	6,635,000
Depreciation and amortization	350	3,432
Gain (loss) on derivative liability	(574,408)	(19,550)
Increase in convertible notes payable principal due to default	123,625	13,750
Accretion of debt discount	469,384	62,999
Common stock issued for debt penalties, debt agreements and additional shares issued on conversions	4,075	87,440
Increase (decrease) in accounts payable	247,680	34,870
Increase (decrease) in accrued liabilities	76,504	252,587
Net cash used in operating activities	(243,454)	(106,192)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of notes payable	227,950	30,000
Contribution of capital	51	0
Proceeds from sale of common stock	0	30,000
Net cash provided by financing activities	228,001	60,000
Change in cash and cash equivalents	(15,453)	(46,192)
Cash and cash equivalents, beginning of period	15,503	46,192
Cash and cash equivalents, end of period	50	0
Non-cash investing and financing activities:
Conversions of notes payable into common stock	82,258	0
Warrants or common stock issued in connection with notes payable	4,075	0
Increase in convertible notes payable principal due to default	$ 123,625	$ 0

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Current assets
Cash and cash equivalents	$ 50	$ 15,503
Prepaid expenses and other current assets	60	59
Total current assets	110	15,562
Property and equipment, net	1,071	1,421
Total assets	1,181	16,983
Current liabilities
Account payable	557,128	309,447
Accrued liabilities	757,468	666,236
Preferred stock to be issued, value	259,900	259,900
Convertible notes payable, net	591,542	80,781
Notes payable, net	1,000,034	1,000,034
Related party notes payable, net	199,204	199,204
Derivative liabilities	950,151	1,374,149
Total current liabilities	4,315,427	3,889,751
Stockholders' Deficit:
Preferred stock; $0.001 par value; 80,000,000 shares authorized; 0 and 0 shares issued and outstanding as of September 30, 2016 and December 31, 2015, respectively 20,000,000 shares designated as Preferred stock, Series A; of which 0 and 0 shares are issued and outstanding as of September 30, 2016 and December 31, 2015, respectively	0	0
Common stock, $0.001 par value; 400,000,000 shares authorized, 609,974,036 and 117,124,984 shares issued and outstanding as of September 30, 2016 and December 31, 2015, respectively	609,975	117,125
Common stock, owed but not issued; 31,000 and 31,000 shares issued and outstanding as of September 30, 2016 and December 31, 2015, respectively	31	31
Additional paid-in capital	10,747,025	10,941,839
Accumulated deficit	(15,671,277)	(14,931,763)
Total stockholders' deficit	(4,314,246)	(3,872,768)
Total liabilities and stockholders' deficit	$ 1,181	$ 16,983