v3.8.0.1

Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 5,816	$ 67
Prepaid expenses	977	3,894
Total current assets	6,793	3,961
Property and equipment, net of accumulated depreciation of $39,220 and $82,323, respectively
Total assets	6,793	3,961
Current liabilities:
Accounts payable	1,101,892	1,103,207
Accrued liabilities	1,125,822	1,112,453
Convertible accounts payable and accrued liabilities	944,350	986,045
Notes payable	445,000	420,000
Line of credit, related party	256,245	256,245
Note payable to a related party	200,000	200,000
Convertible notes payable, net of discount of $2,499 and $27,489, respectively	47,483	22,492
Derivative liabilities	805,848	858,099
Total current liabilities	4,926,640	4,958,541
Total liabilities	4,926,640	4,958,541
Commitments and contingencies (Note 7)
Redeemable noncontrolling interest	859,377	859,377
Stockholders' deficit:
Preferred stock, no par value, 1,000,000 shares authorized; 51 and 51 shares issued and outstanding as of March 31, 2018, and December 31, 2017, respectively
Common stock, $0.001 par value; 5,000,000,000 shares authorized; 849,726,109 and 499,680,109 shares issued and 849,693,938 and 499,647,938 outstanding, as of March 31, 2018, and December 31, 2017, respectively	849,727	499,681
Additional paid-in capital	16,896,450	17,080,374
Treasury stock at cost, 32,172 shares	(101,581)	(101,581)
Accumulated deficit	(23,423,820)	(23,292,431)
Total stockholders' deficit	(5,779,224)	(5,813,957)
Total liabilities and stockholders' deficit	$ 6,793	$ 3,961

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

Bluefire Renewables, Inc. 10-Q