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Emerald Medical Applications Corp. - Balance Sheets | Dec. 30, 2015 USD ($) | Dec. 31, 2014 USD ($)
--- | --- | ---
Current assets: |  |  |
Cash and cash equivalents |  | $ 115,449 | $ 14,411
Due from related party |  | 0 | 18,999
Other receivable |  | 25,797 | 6,718
Total current assets |  | 141,246 | 40,128
Fixed assets, net: |  |  |
Fixed assets, net of accumulated depreciation of $6,563 and $66, respectively |  | 21,120 | 1,390
Total assets |  | 162,366 | 41,518
Current liabilities: |  |  |
Accounts payable and accrued liabilities |  | $ 90,705 | $ 2,577
Advances payable - related party |  | 3,480 | 4,439
Employee payable |  | $ 25,612 | $ 0
Accrued interest payable |  | $ 19,285 | $ 2,013
Short term notes payable - related party |  | 0 | 19,521
Short term notes payable |  | 119,974 | 68,389
Convertible note payable - net of discount of $0 and $9,555, respectively |  | 29,719 | 20,164
Derivative liability |  | $ 0 | $ 20,532
Total current liabilities |  | 288,775 | 137,635
Total liabilities |  | 288,775 | 137,635
Stockholders' deficit: |  |  |
Preferred stock | [1] | 0 | 0
Common stock | [2] | 1,533 | 744
Accumulated other comprehensive income (loss) |  | (19,337) | 8,932
Additional paid in capital |  | 8,752,711 | (744)
Accumulated deficit |  | (8,861,316) | (105,049)
Total Stockholders' equity (deficit) |  | (126,409) | (96,117)
Total Liabilities and Stockholders' Equity |  | $ 162,366 | $ 41,518
[1] | $0.0001 par value; 10,000,000 shares authorized; none issued.
[2] | $0.0001 par value; 490,000,000 shares authorized; 15,325,889 and 7,438,141 issued and outstanding at December 31, 2015 and 2014, respectively.

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