Greenway (GWTI) 10-Q 21 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Nov. 01, 2016
Document and Entity Information:
Entity Registrant Name	UMED HOLDINGS, INC.
Entity Trading Symbol	umed
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Amendment Flag	false
Entity Central Index Key	1,572,386
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		215,163,134
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3

Condensed Consolidated Balance

Condensed Consolidated Balance Sheet (Unaudited) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Current Assets
Cash	$ 681,795	$ 0
Prepaid insurance	20,691	0
Total Current Assets	702,486	0
Fixed Assets
Property & equipment	62,715	4,015
Less depreciation	3,568	3,271
Total Fixed Assets	59,147	744
Total Assets	761,633	744
Current Liabilities
Accounts payable	50,952	85,545
Stockholder advances	79,127	102,214
Accrued management fees	1,967,602	1,793,617
Accrued expenses	298,802	229,763
Note payable	31,000	0
Convertible note, net of $45,494 discount	178,506	0
Derivative liability	341,499	60,164
Total Current Liabilities	2,947,488	2,271,303
Total Liabilities	2,947,488	2,271,303
Commitments and contingencies
Stockholders' Deficit
Common Class B stock, 20,000,000 shares authorized, par value $0.0001, 15,126,938 issued and outstanding at September 30, 2016 and December 31, 2015	1,513	1,513
Common Class A stock 300,000,000 shares authorized, par value $0.0001, 214,713,134 and 183,882,132 issued and outstanding at September 30, 2016 and December 31, 2015, respectively	21,467	18,389
Additional paid-in capital	11,880,873	10,167,670
Accumulated deficit	(14,089,708)	(12,458,131)
Total Stockholders' Deficit	(2,185,855)	(2,270,559)
Total Liabilities & Stockholders' Deficit	$ 761,633	$ 744

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheet Balance Sheet Parentheticals - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Parentheticals
Discount on Convertible note	$ 45,494	$ 45,494
Class B stock par value	$ 0.0001	$ 0.0001
Class B stock, shares authorized	20,000,000	20,000,000
Class B stock, shares issued	15,126,938	15,126,938
Class B stock, shares outstanding	15,126,938	15,126,938
Class A stock, par value	$ 0.0001	$ 0.0001
Class A stock, shares authorized	300,000,000	300,000,000
Class A stock, shares issued	214,713,134	183,882,132
Class A stock, shares outstanding	214,713,134	183,882,132

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - Unaudited - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
REVENUES
Sales	$ 0	$ 0	$ 0	$ 0
Expenses
General and administrative	305,941	566,310	743,284	2,207,320
Research and development	358,336	374,998	618,007	593,725
Depreciation	99	99	297	297
Total Expense	664,376	941,407	1,361,588	2,801,343
Operating loss	(664,376)	(941,407)	(1,361,588)	(2,801,343)
Other income (expenses)
Write off of Logistix software	0	0	0	(73,500)
Gain (loss) on derivative	(204,445)	40,072	(229,510)	4,943
Interest expense	(28,749)	(52,600)	(40,479)	(155,783)
Total other income (expense)	(233,194)	(12,528)	(269,989)	(224,340)
Operating loss from continuing operations	(897,570)	(953,935)	(1,631,577)	(3,025,683)
Loss from discontinued operations, net of tax	0	(208,946)	0	(561,412)
Loss before income taxes	(897,570)	(1,162,881)	(1,631,577)	(3,587,095)
Provision for income taxes	0	0	0	0
Net loss	$ (897,570)	$ (1,162,881)	$ (1,631,577)	$ (3,587,095)
Net loss per share;
Basic and diluted net income loss per share, continuing operations	$ (0.01)	$ (0.01)	$ (0.01)	$ (0.02)
Weighted average shares Outstanding; Basic and diluted	199,077,102	178,585,952	196,444,816	159,097,739

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows - Unaudited - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash Flows from Operating Activities
Net Loss from operations	$ (1,631,577)	$ (3,025,683)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	297	299
Stock issued for services	41,280	1,931,011
Write off Logistix software	0	73,500
Loss (Gain) on derivative	229,510	(4,943)
Debt issue costs amortized	30,332	55,427
Changes in operating assets and liabilities:
Prepaid insurance	(20,691)	0
Accounts payable	5,407	19,933
Accrued management fees	173,985	(157,699)
Derivative liability	51,825	67,139
Accrued expenses	29,039	53,732
Net Cash Used in Operating Activities	(1,090,593)	(987,284)
Cash Flows from Investing Activities
Purchase of equipment	(58,700)	0
Cash Flows from Financing Activities
Shareholder advances.,	129,414	0
Repayment of shareholder advances	(101,000)	0
Proceeds - note payable	36,000	63,875
Repayment on note payable	(5,000)	0
Proceeds (Payments) - convertible notes payable, net	224,000	(131,858)
Proceeds from sale of common stock	1,623,500	1,083,643
Advances from shareholders converted to common stock	0	116,384
Debt issuance cost	(75,826)	0
Net Cash Provided by Financing Activities	1,831,088	1,132,044
Cash Used in Discontinued Operations	0	(211,076)
Net Increase (Decrease) in Cash	681,795	(66,316)
Cash Beginning of Period	0	82,400
Cash End of Period	681,795	16,084
Supplemental Disclosure of Cash Flow Information:
Cash Paid during the period for interest	600	69,297
Cash Paid during the period for taxes	0	0
Conversion of shareholder advances to common stock	51,501	182,275
Common Stock issued to settle payables	8,480	0
Common Stock issued for consulting services	32,800	2,007,713
Conversion of Preferred Stock to Common Stock	$ 0	$ 918

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES {1}	9 Months Ended
	Sep. 30, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations UMED Holdings, Inc. ("UMED" or the "Company") was organized on March 13, 2002 under the laws of the State of Texas as Dynalyst Manufacturing Corporation. On August 18, 2009, in connection with a merger with Universal Media Corporation, a privately held Nevada company, the Company changed its name to Universal Media Corporation ("Universal Media"). The company changed its name to UMED Holdings, Inc. on March 23, 2011. UMED's mission is to operate as a holding company through the acquisition of businesses as wholly-owned subsidiaries that meet some key requirements: (1) solid management that will not have to be replaced in the near future (2) the ability to grow with steady growth to follow and (3) an emphasis on emerging core industry markets, such as energy and metals. It is the Company's intention to add experienced personnel and select strategic partners to manage and operate the acquired business units. In September 2010, UMED acquired 1,440 acres of placer mining claims on Bureau of Land Management land in Mohave County, Arizona. See discussion in Note 3. Due the Company not producing any revenues from its BLM mining leases since its acquisition of the leases, achieving a position of producing cash flow levels to fund the development of its BLM mining leases in December of 2010 and not having current resources for an appraisal, we recognized an impairment charge of $100,000 during the year ended December 31, 2014. In October 2011, UMED acquired a 49% interest in Jet Regulators, LP (aka Jet Tech LLC), an aircraft maintenance company located at Meacham Field in Fort Worth, Texas. Due to reduced growth expectations and the Company not receiving any revenues from its ownership in Jet Tech, we recognized an impairment charge of $90,000 during the year ended December 31, 2014. In May 2012, the Company acquired 80% of Mamaki Tea & Extract of Hawaii, Inc. (nka Mamaki of Hawaii, Inc.) which owns and operates Wood Valley Plantation a 25 acre Mamaki Tea plantation located in the Kau district of the Island of Hawaii and lies at the foot of Mauna Loa, the Earth's largest volcano. On December 31, 2012, the Company acquired the remaining 20% for 500,000 shares of restricted common stock and $127,800 of cash. Mamaki of Hawaii, Inc. was sold in October 2015 as discussed further in Notes 11 and 12. In August 2012, the Company acquired 100% of Greenway Innovative Energy, Inc., which owns two patents and proprietary technology for the conversion of natural gas to diesel/jet fuels.

BASIS OF PRESENTATION AND GOING

BASIS OF PRESENTATION AND GOING CONCERN UNCERTAINTIES	9 Months Ended
	Sep. 30, 2016
BASIS OF PRESENTATION AND GOING CONCERN UNCERTAINTIES
BASIS OF PRESENTATION AND GOING CONCERN UNCERTAINTIES	NOTE 2 - BASIS OF PRESENTATION AND GOING CONCERN UNCERTAINTIES Principles of Consolidation The accompanying condensed consolidated financial statements include the financial statements of UMED and its wholly-owned subsidiaries. All significant inter-company accounts and transactions were eliminated in consolidation. Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulations S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the periods presented are not necessarily indicative of the results that may be expected for the year ending December 31, 2016. The net assets and results of operations of Mamaki of Hawaii, Inc. have been reflected as discontinued operations for the nine months ended September 30, 2015. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company's annual report on Form 10-K for the year ended December 31, 2015. The accompanying condensed consolidated financial statements include the accounts of the following entities: Name of Entity % Entity Incorporation Relationship UMED Holdings, Inc. Corporation Texas Parent Mamaki of Hawaii, Inc.* * Corporation Nevada Subsidiary Universal Media Corporation 100 % Corporation Wyoming Subsidiary Greenway Innovative Energy, Inc. 100 % Corporation Nevada Subsidiary Logistix Technology Systems, Inc. 100 % Corporation Texas Subsidiary * Sold in November 2015 Going Concern Uncertainties The accompanying condensed consolidated financial statements have been prepared on a going concern basis, which contemplates realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the accompanying condensed consolidated financial statements, the Company sustained a loss of approximately $1,592 million for the nine-month period ended September 30, 2016 and has an accumulated deficit of approximately $14 million at September 30, 2016. The ability of the Company to continue as a going concern is in doubt and dependent upon achieving a profitable level of operations or on the ability of the Company to obtain necessary financing to fund ongoing operations. Management believes that its current and future plans enable it to continue as a going concern for the next twelve months. To meet these objectives, the Company continues to seek other sources of financing in order to support existing operations and expand the range and scope of its business. However, there are no assurances that any such financing can be obtained on acceptable terms and timely manner, if at all. The failure to obtain the necessary working capital would have a material adverse effect on the business prospects and, depending upon the shortfall, the Company may have to curtail or cease its operations. The accompanying condensed consolidated financial statements do not include any adjustment to the recorded assets or liabilities that might be necessary should the Company have to curtail operations or be unable to continue in existence.

SUMMARY OF SIGNIFICANT ACCOUNT8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES {2}
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A summary of significant accounting policies applied in the presentation of the condensed consolidated financial statements are as follows: Property & Equipment Property and equipment is recorded at cost. Major additions and improvements are capitalized. The cost and related accumulated depreciation of equipment retired or sold are removed from the accounts and any differences between the undepreciated amount and the proceeds from the sale are recorded as a gain or loss on sale of equipment. Depreciation is computed using the straight-line method over the estimated useful life of the assets as follows. Equipment 5 to 7 years Impairment of Long-Lived Assets The Company assesses the impairment of long-lived assets whenever events or changes in circumstances indicate that the carrying amount may not be recoverable, in accordance with ASC Topic 360, "Property, Plant and Equipment." An asset or asset group is considered impaired if its carrying amount exceeds the undiscounted future net cash flow the asset or asset group is expected to generate. If an asset or asset group is considered impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds its fair value. If estimated fair value is less than the book value, the asset is written down to the estimated fair value and an impairment loss is recognized. Discontinued Operations On November 2, 2015, the Company consummated on the sale of its wholly owned subsidiary, Mamaki of Hawaii, Inc. ("Mamaki") to Hawaiian Beverages, Inc. ("HBI"). Under the agreement, HBI acquired 100% of the common stock of Mamaki in exchange for seven hundred thousand dollars ($700,000) and the assumption of eighty-four thousand two hundred seventy-five dollars ($84,275) of UMED debts. HBI paid two hundred forty-five thousand five hundred dollars ($245,000) of the two hundred fifty thousand dollars ($250,000) due at closing and was scheduled to pay three installments of one hundred fifty thousand dollars ($150,000) on each of thirty, ninety and ninety-day anniversary of the closing date. The Company has not received any payment on the $454,600 and determined that the account is doubtful and wrote it off, as of December 31, 2015, as a deduction from the gain calculated on the sale. On April 22, 2016, the Company filed suit against HBI and Mamaki to collect on the note -See Notes 11 and 12. The results of Mamaki are presented as a separate line item in the consolidated statement of operations for the three and nine months ended September 30, 2015 and for the nine months ended September 30, 2015 in consolidated cash flow statement. In accordance with Accounting Standards Codification Subtopic 205-10-45, the Company elected to not allocate consolidated interest expense to discontinued operations where the debt is not directly attributable to or related to discontinued operations. All of the financial information in the consolidated financial statements and notes to the consolidated financial statements has been revised to reflect only the results of continued operations. (See Note 11). Revenue Recognition The Company has not, to date, generated significant revenues. The Company plans to recognize revenue in accordance with Accounting Standards Codification subtopic 605-10, Revenue Recognition ("ASC 605-10") which requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. ASC 605-10 incorporates Accounting Standards Codification subtopic 605-25, Multiple-Element Arraignments Use of Estimates The preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenue and expenses during the reported period. Actual results could differ materially from the estimates. Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. There were no cash equivalents at September 30, 2016 or December 31, 2015. Income Taxes The Company accounts for income taxes in accordance with FASB ASC 740, "Income Taxes," which requires that the Company recognize deferred tax liabilities and assets based on the differences between the financial statement carrying amounts and the tax bases of assets and liabilities, using enacted tax rates in effect in the years the differences are expected to reverse. Deferred income tax benefit (expense) results from the change in net deferred tax assets or deferred tax liabilities. A valuation allowance is recorded when it is more likely than not that some or all deferred tax assets will not be realized. The Company has adopted the provisions of FASB ASC 740-10-05 Accounting for Uncertainty in Income Taxes Net Loss Per Share, basic and diluted Basic loss per share has been computed by dividing net loss available to common shareholders by the weighted average number of common shares outstanding for the period. Shares issuable upon the exercise of warrants (417,036) have been excluded as a common stock equivalent in the diluted loss per share because their effect is anti-dilutive. Derivative Instruments The Company accounts for derivative instruments in accordance with Accounting Standards Codification 815, Derivatives and Hedging ("ASC 815"), If certain conditions are met, a derivative may be specifically designated as a hedge, the objective of which is to match the timing of gain or loss recognition on the hedging derivative with the recognition of (i) the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk or (ii) the earnings effect of the hedged forecasted transaction. For a derivative not designated as a hedging instrument, the gain or loss is recognized in income in the period of change. See Note 6 below for discussion regarding convertible notes payable and a warrant agreement. Fair Value of Financial Instruments Effective January 1, 2008, fair value measurements are determined by the Company's adoption of authoritative guidance issued by the FASB, with the exception of the application of the statement to non-recurring, non-financial assets and liabilities, as permitted. Fair value is defined in the authoritative guidance as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. A fair value hierarchy was established, which prioritizes the inputs used in measuring fair value into three broad levels as follows: Level 1 – Valuation based on unadjusted quoted market prices in active markets for identical assets or liabilities. Level 2 – Valuation based on, observable inputs (other than level one prices), quoted market prices for similar assets such as at the measurement date; quoted prices in the market that are not active; or other inputs that are observable, either directly or indirectly. Level 3 – Valuation based on unobservable inputs that are supported by little or no market activity, therefore requiring management's best estimate of what market participants would use as fair value. Original Issue Discount For certain convertible debt issued, the Company provides the debt holder with an original issue discount ("OID"). An OID is the difference between the original cash proceeds and the amount of the note upon maturity. The Note is originally recorded for the total amount payable. The OID is amortized into interest expense pro-rata over the term of the Note. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. The valuation of the Company's notes recorded at fair value is determined using Level 3 inputs, which consider (i) time value, (ii) current market and (iii) contractual prices. The carrying amounts of financial assets and liabilities, such as cash and cash equivalents, receivables, accounts payable, notes payable and other payables, approximate their fair values because of the short maturity of these instruments. The following table represents the Company's assets and liabilities by level measured at fair value on a recurring basis at September 30, 2016: Description Level 1 Level 2 Level 3 Derivative Liabilities $ $ $ 341,499 The following assets and liabilities are measured on the balance sheets at fair value on a recurring basis utilizing significant unobservable inputs or Level 3 assumptions in their valuation. The following tables provide a reconciliation of the beginning and ending balances of the liabilities: The change in the notes payable at fair value for the nine-month period ended September 30, 2016 is as follows: Fair Value Change in New Fair Value January 1, 2016 Fair Value Convertible Notes Conversions September 30, 2016 Derivative Liabilities $ 60,164 $ 229,509 $ 51,826 $ 0 $ 341,499 All gains and losses on assets and liabilities measured at fair value on a recurring basis and classified as Level 3 within the fair value hierarchy are recognized in other interest income and expense in the accompanying financial statements. The significant unobservable inputs used in the fair value measurement of the liabilities described above are as follows; Commitment Date Expected dividends 0% Expected volatility 237% Expected term: conversion feature 6 months Risk free interest rate 0.45% Stock Based Compensation The Company follows Accounting Standards Codification subtopic 718-10, Compensation At September 30, 2016, the Company did not have any issued or outstanding stock options. Concentration and Credit Risk Financial instruments and related items, which potentially subject the Company to concentrations of credit risk, consist primarily of cash. The Company places its cash with high credit quality institutions. At times, such deposits may be in excess of the FDIC insurance limit. Research and Development The Company accounts for research and development costs in accordance with Accounting Standards Codification subtopic 730-10, Research and Development Issuance of Common Stock The issuance of common stock for other than cash is recorded by the Company at market values. Impact of New Accounting Standards Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying consolidated financial statements.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	9 Months Ended
	Sep. 30, 2016
PROPERTY, PLANT AND EQUIPMENT
PROPERTY, PLANT AND EQUIPMENT	NOTE 4 – PROPERTY, PLANT, AND EQUIPMENT Range of Lives in Years September 30, 2016 December 31, 2015 Equipment 5 $ 60,732 $ 2,032 Furniture and fixtures 5 1,983 1,983 62,715 4,015 Less accumulated depreciation (3,568 ) (3,271 ) $ 59,147 $ 744 Depreciation expense for the period ended $ 297 $ 396

TERM NOTES PAYABLE

TERM NOTES PAYABLE	9 Months Ended
	Sep. 30, 2016
TERM NOTES PAYABLE
TERM NOTES PAYABLE	NOTE 5 – TERM NOTES PAYABLE Term notes payable consisted of the following at September 30, 2016 and December 31, 2015: 2016 2015 Unsecured note payable dated March 8, 2016 to an individual at 5.0% interest, payable upon the Company's availability of cash $ 31,000 $ 0

CONVERTIBLE PROMISSORY NOTE

CONVERTIBLE PROMISSORY NOTE	9 Months Ended
	Sep. 30, 2016
CONVERTIBLE PROMISSORY NOTE:
CONVERTIBLE PROMISSORY NOTE	NOTE 6 – CONVERTIBLE PROMISSORY NOTE At September 30, 2016, the Company had convertible debentures outstanding as follows; Outstanding Balance of Convertible Debenture Unamortized Discounts May 4, 2016 Convertible Promissory Note $ 224,000 $ 45,494 May 2016 Convertible Note On May 4, 2016, the Company issued a $224,000 convertible promissory note bearing interest at 10.0% per annum to an accredited investor, payable beginning November 10, 2016, in monthly installments of $44,800 plus accrued interest and a cash premium equal to 10.0% of the installment amount. The holder has the right under certain circumstances to convert the note into common stock of the Company at a conversion price equal to 70% of the average of the 3 lowest volume weighted average trading prices during the 20-day period ending on the latest complete trading day prior to the conversion date. The Company evaluated the terms of the convertible note in accordance with ASC 815-40, Contracts in Entity's Own Equity, and concluded that the Convertible Note resulted in a derivative. The Company evaluated the terms of the convertible note and concluded that there was a beneficial conversion feature since the convertible note was convertible into shares of common stock at a discount to the market value of the common stock. The discount related to the beneficial conversion feature on the note was valued at $224,000 based on the Black Scholes Model. The discount related to the beneficial conversion feature ($51,829) is being amortized over the term of the debt (10 months). For the nine months ended September 30, 2016, the Company recognized interest expense of $20,732 related to the amortization of the discount. In connection with the issuance of the $224,000 note, the Company recorded debt issue cost and discount as follows: ? $20,000 original issue discount and $4,000 debt issue cost, which is being amortized over 10 months, with amortization of $9,600 for nine months ended September 30, 2016. · The derivative for the 2016 beneficial conversion interest was $283,117 at September 30, 2016 and was computed using the following variables. Commitment Date Expected dividends 0% Expected volatility 237% Expected term: conversion feature 6 months Risk free interest rate 0.45% September 2014 Convertible Note On September 18, 2014, the Company issued a $158,000 convertible promissory note bearing interest at 10.0% per annum to an accredited investor, payable July 23, 2015, in monthly installments of $31,600 plus accrued interest beginning 6 months after the date of the promissory note. The note was paid in full on July 22, 2015. The holder had the right under certain circumstances to convert the note into common stock of the Company at a conversion price equal to 70% of the average of the 3 lowest volume weighted average trading prices during the 20-day period ending on the latest complete trading day prior to the conversion date. The Company evaluated the terms of the convertible note in accordance with ASC 815-40, Contracts in Entity's Own Equity, and concluded that the Convertible Note did result in a derivative. The Company evaluated the terms of the convertible note and concluded that there was a beneficial conversion feature since the convertible note was convertible into shares of common stock at a discount to the market value of the common stock. In connection with the issuance of the $158,000 note, the Company recorded warrants as follows: ? Warrants – recorded at fair value on the balance sheet at $58,385 as of September 30, 2016 and $60,164 at December 31, 2015, which was computed as follows; Commitment Date Expected dividends 0% Expected volatility 237% Expected term: conversion feature 3.00 years Risk free interest rate 0.45%

ACCRUED EXPENSES

ACCRUED EXPENSES	9 Months Ended
	Sep. 30, 2016
ACCRUED EXPENSES
ACCRUED EXPENSES	NOTE 7 – ACCRUED EXPENSES Accrued expenses consisted of the following at September 30, 2016 and December 31, 2015; 2016 2015 Accrued consulting fees $ 249,500 $ 229,000 Other accrued expenses 40,000 0 Bank overdraft 0 763 Accrued interest expense 9,302 0 Total accrued expenses $ 298,802 $ 229,763

CAPITAL STRUCTURE

CAPITAL STRUCTURE	9 Months Ended
	Sep. 30, 2016
CAPITAL STRUCTURE
CAPITAL STRUCTURE	NOTE 8– CAPITAL STRUCTURE The Company is authorized to issue 300,000,000 shares of class A common stock with a par value of $.0001 per share and 20,000,000 shares of class B common with a par value of $.0001 per share. Each common stock share has one voting right and the right to dividends, if and when declared by the Board of Directors. Common A Stock At September 30, 2016, there were 214,713,134 shares of class A common stock issued and outstanding. During the nine-month period ended September 30, 2016, the Company issued 29,610,717 shares of restricted common stock to twenty-nine individuals through private placements for cash of $1,623,500 at average of $.0548 per share. During the nine-month period ended September 30, 2016, the Company issued 410,000 shares of restricted common stock for consulting services of $32,800 at average of $.08 per share. During the nine-month period ended September 30, 2016, the Company issued 106,000 shares of restricted common stock to a creditor for rent expense of $8,480 at average of $.08 per share. During the nine-month period ended September 30, 2016, the Company issued 664,285 shares of restricted common stock for conversion of $51,500 in advances by shareholder at average of $.0775 per share. The issuance of these shares was exempt from the registration requirements of the Securities Act of 1933 under Section 4 (2) thereof. Class B Common At September 30, 2016, there were 15,126,938 shares of class B common stock issued and outstanding. Each class B share is convertible, at the option of the class B shareholder, into one share of class A common stock. Stock options, warrants and other rights At September 30, 2016, the Company has not adopted any employee stock option plans.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2016
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 9 - RELATED PARTY TRANSACTIONS Shareholders have made advances to the Company in the amounts of $129,414 and $204,884 during the nine months ended September 30, 2016 and 2015, respectively. The shareholders have elected to convert advances of $51,500 and $182,275 to shares of common stock at market value ($.08 and $.1056 per share) and received repayments of $101,000 and $10,000 during the nine months ended September 30, 2016 and 2015, respectively.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2016
INCOME TAXES
INCOME TAXES	NOTE 10 – INCOME TAXES At September 30, 2016 and December 31, 2015, the Company had approximately $6 million and $4 million, respectively, of net operating losses ("NOL") carry forwards for federal and state income tax purposes. These losses are available for future years and expire through 2033. Utilization of these losses may be severely or completely limited if the Company undergoes an ownership change pursuant to Internal Revenue Code Section 382. The provision for income taxes for continuing operations consists of the following components for the nine months ended September 30, 2016 and the year ended December 31, 2015: 2015 2015 Current $ - $ - Deferred - - Total tax provision for (benefit from) income taxes $ - $ - A comparison of the provision for income tax expense at the federal statutory rate of 34% for the nine months ended September 30, 2016 and the year ended December 31, 2015 the Company's effective rate is as follows: 2016 2015 Federal statutory rate (34.0 ) % (34.0 ) % State tax, net of federal benefit (0.0 ) (0.0 ) Permanent differences and other including surtax exemption 0.0 0.0 Valuation allowance 34.0 34.0 Effective tax rate 0.0 % 0.0 % The net deferred tax assets and liabilities included in the financial statements consist of the following amounts at September 30, 2016 and December 31, 2015: 2016 2015 Deferred tax assets Net operating loss carry forwards $ 5,176,012 $ 4,028,702 Deferred compensation 2,784,213 2,409,213 Stock based compensation 5,197,324 4,898.968 Other 932,159 1,121,2480 Total 14,089,708 12,458,131 Less valuation allowance (14,089,708 ) (12,458,131 ) Deferred tax asset - - Deferred tax liabilities Depreciation and amortization $ - $ - Net long-term deferred tax asset $ - $ - The change in the valuation allowance was $1,631,577 and $4,028,702 for the nine months ended September 30, 2016 and the year ended December 31, 2015, respectively. The Company has recorded a 100% valuation allowance related to the deferred tax asset for the loss from operations, interest expense, interest income and other income subsequent to the change in ownership, which amounted to $14,089,708 and $12,458,131 at September 30, 2016 and December 31, 2015, respectively. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, historical taxable income including available net operating loss carry forwards to offset taxable income, and projected future taxable income in making this assessment.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	9 Months Ended
	Sep. 30, 2016
DISCONTINUED OPERATIONS
DISCONTINUED OPERATIONS	NOTE 11 – DISCONTINUED OPERATIONS In November 2015, the Company completed the sale of its wholly owned subsidiary, Mamaki of Hawaii, Inc, ("Mamaki") to Hawaiian Beverages, Inc. ("HBI"). Under the agreement, HBI acquired 100% of the common stock of Mamaki in exchange for seven hundred thousand dollars ($700,000) and the assumption of eighty-four thousand two hundred seventy-five dollars ($84,275) of UMED debts. HBI paid two hundred forty-five thousand five hundred dollars ($245,500) at closing towards the first installment due of two hundred fifty thousand ($250,000) and was to pay three installments of one hundred fifty thousand dollars ($150,000) on each of thirty, ninety and ninety-day anniversary of the closing date. The Company has not received any payment on the $454,600 and determined that the account is doubtful and wrote it off, as of December 31, 2015, as a deduction from the gain calculated on the sale. See Note 13 for disclosure of suit filed by the Company against HBI and Mamaki for collection of the note. The following are condensed statements of the discontinued operations (Mamaki of Hawaii, Inc.) for the three and nine months ended September 30, 2015: Three Nine Months Months Sales $ 11,068 $ 47,275 Cost of sales 1,767 8,407 Gross profit 9,301 38,868 Operating Expenses: General and administrative expenses 124,517 395,824 Depreciation 29,740 89,218 Total Operating Expenses 154,257 485,042 Operating Loss (144,956 ) (446,174 ) Other Income (Expense) Interest expense (63,990 ) (115,238 ) Loss from discontinued operations $ (208,946 ) $ (561,412 ) Loss per share - discontinued operations $ (0.00 ) $ (0.00 )

COMMITMENTS

COMMITMENTS	9 Months Ended
	Sep. 30, 2016
COMMITMENTS
COMMITMENTS	NOTE 12 – COMMITMENTS Employment Agreements In May 2011, the Company entered into employment agreements with its chief executive officer, president and chief financial officer. The Agreements were for a term of 5 years (ending on May, 31, 2016) with compensation of $180,000 the first year, $240,000 the second year, $300,000 the third year, $350,000 the fourth year and the fifth year at a salary commensurate with those in similar industries. The employment agreements also provide for the officers to receive 1,250,000 shares of restricted common stock annually for each year of the employment agreement. During the nine months ended September 30, 2016 and 2015, with consent of management, the Company accrued a total of $150,000 and $270,000, respectively, as management fees in accordance with the terms of these agreements. On April 8, 2015, the Company's chief executive officer resigned and relinquished his claim to receive $518,300 of deferred compensation, which the Company treated as debt forgiveness. In August 2012, the Company entered into employment agreements with the president and chairman of the board of Greenway Innovative Energy, Inc. for a term of 5 years with compensation of $90,000 per year. In June of 2014, the president's employment agreement was amended to increase his annual pay to $180,000. On April 30, 2015, accrual on the Greenway chairman of the board agreement was ceased due to his absence from the company for more than a year. During the nine months ended September 30, 2016 and 2015, respectively, the Company accrued $135,000 and $146,250 towards the employment agreements. Leases In October 2015, the Company entered into a two-year lease for approximately 1,800 square feet a base rate of $2,417 per month. During the nine months ended September 30, 2016 and 2015, the Company expensed $21,753 and $44,800, respectively, in, rent expense. The Company is obligated to pay approximately $11,600 in annual maintenance fees on its mining leases, in addition to 10% royalties based on production. Legal On April 22, 2016, the Company filed suit in District Court, Dallas County, Texas against Mamaki of Hawaii, Inc. ("Mamaki"), Hawaiian Beverages, Inc.("HBI"), Curtis Borman and Lee Jenison for breach of Stock Purchase Agreement dated October 29, 2015, wherein the Company sold its shares in Mamaki of Hawaii, Inc. to Hawaiian Beverages, Inc. for $700,000 (along with the assumption of certain debt). The Defendants failed to make payments of $150,000 each on November 30, 2015, December 28, 2015 and January 27, 2016.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2016
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 13 – SUBSEQUENT EVENTS Subsequent to September 30, 2016, the Company sold 450,000 shares of class A restricted common stock for $40,000. On August 17, 2012, Mamaki Tea, Inc. ("Mamaki Tea") entered into a Loan Agreement with Southwest Capital Funding, LTD ("Southwest"). Under the Loan Agreement, Southwest loaned $850,000 to Mamaki Tea to purchase certain real properties located in Ka'u County, Hawaii, which was secured by a first lien covering the property. On December 20, 2012, the Second Modification of Note and Lien was executed between Mamaki Tea, Mamaki of Hawaii, Inc. ("Mamaki of Hawaii") and Southwest, wherein Mamaki of Hawaii agreed to assume and be responsible, jointly and severally with Mamaki Tea. At that time, Mamaki of Hawaii was a wholly-owned subsidiary of UMED Holdings, Inc. ("UMED"). Also, on December 20, 2012, UMED executed a Guaranty Agreement whereby UMED jointly and severally and unconditionally guaranteed to Southwest all of the indebtedness owed by Mamaki Tea and Mamaki of Hawaii to Southwest. The Company received notice in October 2016 that the Borrowers defaulted on the loan and Southwest filed a foreclosure action on September 27, 2016. UMED has entered discussions with Southwest regarding the loan foreclosure and UMED's guaranty. Southwest believes that at foreclosure, the bid on the property will be greater than the loan amount and there will be no deficiency, which would preclude Southwest from seeking any amount for UMED under the guaranty. Based on the above information, UMED believes that it will not incur any liability relative to its guaranty.

ACCOUNTING POLICIES (POLICIES)

ACCOUNTING POLICIES (POLICIES)	9 Months Ended
	Sep. 30, 2016
Accounting Policies:
Property & Equipment	Property & Equipment Property and equipment is recorded at cost. Major additions and improvements are capitalized. The cost and related accumulated depreciation of equipment retired or sold are removed from the accounts and any differences between the undepreciated amount and the proceeds from the sale are recorded as a gain or loss on sale of equipment. Depreciation is computed using the straight-line method over the estimated useful life of the assets as follows. Equipment 5 to 7 years
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company assesses the impairment of long-lived assets whenever events or changes in circumstances indicate that the carrying amount may not be recoverable, in accordance with ASC Topic 360, "Property, Plant and Equipment." An asset or asset group is considered impaired if its carrying amount exceeds the undiscounted future net cash flow the asset or asset group is expected to generate. If an asset or asset group is considered impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds its fair value. If estimated fair value is less than the book value, the asset is written down to the estimated fair value and an impairment loss is recognized.
Discontinued Operations	Discontinued Operations On November 2, 2015, the Company consummated on the sale of its wholly owned subsidiary, Mamaki of Hawaii, Inc. ("Mamaki") to Hawaiian Beverages, Inc. ("HBI"). Under the agreement, HBI acquired 100% of the common stock of Mamaki in exchange for seven hundred thousand dollars ($700,000) and the assumption of eighty-four thousand two hundred seventy-five dollars ($84,275) of UMED debts. HBI paid two hundred forty-five thousand five hundred dollars ($245,000) of the two hundred fifty thousand dollars ($250,000) due at closing and was scheduled to pay three installments of one hundred fifty thousand dollars ($150,000) on each of thirty, ninety and ninety-day anniversary of the closing date. The Company has not received any payment on the $454,600 and determined that the account is doubtful and wrote it off, as of December 31, 2015, as a deduction from the gain calculated on the sale. On April 22, 2016, the Company filed suit against HBI and Mamaki to collect on the note -See Notes 11 and 12. The results of Mamaki are presented as a separate line item in the consolidated statement of operations for the three and nine months ended September 30, 2015 and for the nine months ended September 30, 2015 in consolidated cash flow statement. In accordance with Accounting Standards Codification Subtopic 205-10-45, the Company elected to not allocate consolidated interest expense to discontinued operations where the debt is not directly attributable to or related to discontinued operations. All of the financial information in the consolidated financial statements and notes to the consolidated financial statements has been revised to reflect only the results of continued operations. (See Note 11).
Revenue Recognition	Revenue Recognition The Company has not, to date, generated significant revenues. The Company plans to recognize revenue in accordance with Accounting Standards Codification subtopic 605-10, Revenue Recognition ("ASC 605-10") which requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. ASC 605-10 incorporates Accounting Standards Codification subtopic 605-25, Multiple-Element Arraignments
Use of Estimates	Use of Estimates
Cash and Cash Equivalent	Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. There were no cash equivalents at September 30, 2016 or December 31, 2015.
Income Taxes	Income Taxes The Company accounts for income taxes in accordance with FASB ASC 740, "Income Taxes," which requires that the Company recognize deferred tax liabilities and assets based on the differences between the financial statement carrying amounts and the tax bases of assets and liabilities, using enacted tax rates in effect in the years the differences are expected to reverse. Deferred income tax benefit (expense) results from the change in net deferred tax assets or deferred tax liabilities. A valuation allowance is recorded when it is more likely than not that some or all deferred tax assets will not be realized. The Company has adopted the provisions of FASB ASC 740-10-05 Accounting for Uncertainty in Income Taxes
Net Loss Per Share, basic and diluted	Net Loss Per Share, basic and diluted Basic loss per share has been computed by dividing net loss available to common shareholders by the weighted average number of common shares outstanding for the period. Shares issuable upon the exercise of warrants (417,036) have been excluded as a common stock equivalent in the diluted loss per share because their effect is anti-dilutive.
Derivative Instruments	Derivative Instruments The Company accounts for derivative instruments in accordance with Accounting Standards Codification 815, Derivatives and Hedging ("ASC 815"), If certain conditions are met, a derivative may be specifically designated as a hedge, the objective of which is to match the timing of gain or loss recognition on the hedging derivative with the recognition of (i) the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk or (ii) the earnings effect of the hedged forecasted transaction. For a derivative not designated as a hedging instrument, the gain or loss is recognized in income in the period of change. See Note 6 below for discussion regarding convertible notes payable and a warrant agreement.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Effective January 1, 2008, fair value measurements are determined by the Company's adoption of authoritative guidance issued by the FASB, with the exception of the application of the statement to non-recurring, non-financial assets and liabilities, as permitted. Fair value is defined in the authoritative guidance as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. A fair value hierarchy was established, which prioritizes the inputs used in measuring fair value into three broad levels as follows: Level 1 – Valuation based on unadjusted quoted market prices in active markets for identical assets or liabilities. Level 2 – Valuation based on, observable inputs (other than level one prices), quoted market prices for similar assets such as at the measurement date; quoted prices in the market that are not active; or other inputs that are observable, either directly or indirectly. Level 3 – Valuation based on unobservable inputs that are supported by little or no market activity, therefore requiring management's best estimate of what market participants would use as fair value.
Original Issue Discount	Original Issue Discount For certain convertible debt issued, the Company provides the debt holder with an original issue discount ("OID"). An OID is the difference between the original cash proceeds and the amount of the note upon maturity. The Note is originally recorded for the total amount payable. The OID is amortized into interest expense pro-rata over the term of the Note. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. The valuation of the Company's notes recorded at fair value is determined using Level 3 inputs, which consider (i) time value, (ii) current market and (iii) contractual prices. The carrying amounts of financial assets and liabilities, such as cash and cash equivalents, receivables, accounts payable, notes payable and other payables, approximate their fair values because of the short maturity of these instruments. The following table represents the Company's assets and liabilities by level measured at fair value on a recurring basis at September 30, 2016: Description Level 1 Level 2 Level 3 Derivative Liabilities $ $ $ 341,499 The following assets and liabilities are measured on the balance sheets at fair value on a recurring basis utilizing significant unobservable inputs or Level 3 assumptions in their valuation. The following tables provide a reconciliation of the beginning and ending balances of the liabilities: The change in the notes payable at fair value for the nine-month period ended September 30, 2016 is as follows: Fair Value Change in New Fair Value January 1, 2016 Fair Value Convertible Notes Conversions September 30, 2016 Derivative Liabilities $ 60,164 $ 229,509 $ 51,826 $ 0 $ 341,499 All gains and losses on assets and liabilities measured at fair value on a recurring basis and classified as Level 3 within the fair value hierarchy are recognized in other interest income and expense in the accompanying financial statements. The significant unobservable inputs used in the fair value measurement of the liabilities described above are as follows; Commitment Date Expected dividends 0% Expected volatility 237% Expected term: conversion feature 6 months Risk free interest rate 0.45%
Stock Based Compensation	Stock Based Compensation The Company follows Accounting Standards Codification subtopic 718-10, Compensation
Concentration and Credit Risk	Concentration and Credit Risk Financial instruments and related items, which potentially subject the Company to concentrations of credit risk, consist primarily of cash. The Company places its cash with high credit quality institutions. At times, such deposits may be in excess of the FDIC insurance limit.
Research and Development	Research and Development The Company accounts for research and development costs in accordance with Accounting Standards Codification subtopic 730-10, Research and Development
Issuance of Common Stock	Issuance of Common Stock The issuance of common stock for other than cash is recorded by the Company at market values.
Impact of New Accounting Standards	Impact of New Accounting Standards Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying consolidated financial statements.

BASIS OF PRESENTATION (TABLES)

BASIS OF PRESENTATION (TABLES)	9 Months Ended
	Sep. 30, 2016
BASIS OF PRESENTATION (TABLES):
The accompanying condensed consolidated financial statements include the accounts of the following entities	The accompanying condensed consolidated financial statements include the accounts of the following entities: Name of Entity % Entity Incorporation Relationship UMED Holdings, Inc. Corporation Texas Parent Mamaki of Hawaii, Inc.* * Corporation Nevada Subsidiary Universal Media Corporation 100 % Corporation Wyoming Subsidiary Greenway Innovative Energy, Inc. 100 % Corporation Nevada Subsidiary Logistix Technology Systems, Inc. 100 % Corporation Texas Subsidiary

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES (TABLES)	9 Months Ended
	Sep. 30, 2016
SIGNIFICANT ACCOUNTING POLICIES (TABLES):
Schedule of Company's assets and liabilities by level measured at fair value on a recurring basis	The following table represents the Company's assets and liabilities by level measured at fair value on a recurring basis at September 30, 2016: Description Level 1 Level 2 Level 3 Derivative Liabilities $ $ $ 341,499
Schedule of Change in the notes payable at fair value for the six month and three month ended June 30,2016	The change in the notes payable at fair value for the nine-month period ended September 30, 2016 is as follows: Fair Value Change in New Fair Value January 1, 2016 Fair Value Convertible Notes Conversions September 30, 2016 Derivative Liabilities $ 60,164 $ 229,509 $ 51,826 $ 0 $ 341,499
Schedule of Significant unobservable inputs used in the fair value measurement of the liabilities	The significant unobservable inputs used in the fair value measurement of the liabilities described above are as follows; Commitment Date Expected dividends 0% Expected volatility 237% Expected term: conversion feature 6 months Risk free interest rate 0.45%

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (TABLES)	9 Months Ended
	Sep. 30, 2016
PROPERTY, PLANT AND EQUIPMENT (TABLES):
Schedule of Property, Plant and Equipment	Range of Lives in Years September 30, 2016 December 31, 2015 Equipment 5 $ 60,732 $ 2,032 Furniture and fixtures 5 1,983 1,983 62,715 4,015 Less accumulated depreciation (3,568 ) (3,271 ) $ 59,147 $ 744 Depreciation expense for the period ended $ 297 $ 396

TERM NOTES PAYABLE (TABLES)

TERM NOTES PAYABLE (TABLES)	9 Months Ended
	Sep. 30, 2016
TERM NOTES PAYABLE (TABLES):
Schedule of Term Notes Payable	Term notes payable consisted of the following at September 30, 2016 and December 31, 2015: 2016 2015 Unsecured note payable dated March 8, 2016 to an individual at 5.0% interest, payable upon the Company's availability of cash $ 31,000 $ 0

CONVERTIBLE PROMISSORY NOTE (TA

CONVERTIBLE PROMISSORY NOTE (TABLES)	9 Months Ended
	Sep. 30, 2016
CONVERTIBLE PROMISSORY NOTE (TABLES):
Schedule of Convertible debentures outstanding	At September 30, 2016, the Company had convertible debentures outstanding as follows; Outstanding Balance of Convertible Debenture Unamortized Discounts May 4, 2016 Convertible Promissory Note $ 224,000 $ 45,494
Schedule of Derivative for the 2016 beneficial conversion interest and computed using the following variables	· The derivative for the 2016 beneficial conversion interest was $283,117 at September 30, 2016 and was computed using the following variables. Commitment Date Expected dividends 0% Expected volatility 237% Expected term: conversion feature 6 months Risk free interest rate 0.45%
Schedule of Warrants recorded at fair value which was computed as follows	In connection with the issuance of the $158,000 note, the Company recorded warrants as follows: ? Warrants – recorded at fair value on the balance sheet at $58,385 as of September 30, 2016 and $60,164 at December 31, 2015, which was computed as follows; Commitment Date Expected dividends 0% Expected volatility 237% Expected term: conversion feature 3.00 years Risk free interest rate 0.45%

ACCRUED EXPENSES (TABLES)

ACCRUED EXPENSES (TABLES)	9 Months Ended
	Sep. 30, 2016
ACCRUED EXPENSES (TABLES):
ACCRUED EXPENSES (TABLES)	Accrued expenses consisted of the following at September 30, 2016 and December 31, 2015; 2016 2015 Accrued consulting fees $ 249,500 $ 229,000 Other accrued expenses 40,000 0 Bank overdraft 0 763 Accrued interest expense 9,302 0 Total accrued expenses $ 298,802 $ 229,763

INCOME TAXES (TABLES)

INCOME TAXES (TABLES)	9 Months Ended
	Sep. 30, 2016
INCOME TAXES (TABLES):
Schedule of Components of the provision for income taxes for continuing operations	The provision for income taxes for continuing operations consists of the following components for the nine months ended September 30, 2016 and the year ended December 31, 2015: 2015 2015 Current $ - $ - Deferred - - Total tax provision for (benefit from) income taxes $ - $ -
Schedule of Comparison of the provision for income tax expense at the federal statutory rate	A comparison of the provision for income tax expense at the federal statutory rate of 34% for the nine months ended September 30, 2016 and the year ended December 31, 2015 the Company's effective rate is as follows: 2016 2015 Federal statutory rate (34.0 ) % (34.0 ) % State tax, net of federal benefit (0.0 ) (0.0 ) Permanent differences and other including surtax exemption 0.0 0.0 Valuation allowance 34.0 34.0 Effective tax rate 0.0 % 0.0 %
Schedule of Net deferred tax assets and liabilities	The net deferred tax assets and liabilities included in the financial statements consist of the following amounts at September 30, 2016 and December 31, 2015: 2016 2015 Deferred tax assets Net operating loss carry forwards $ 5,176,012 $ 4,028,702 Deferred compensation 2,784,213 2,409,213 Stock based compensation 5,197,324 4,898.968 Other 932,159 1,121,2480 Total 14,089,708 12,458,131 Less valuation allowance (14,089,708 ) (12,458,131 ) Deferred tax asset - - Deferred tax liabilities Depreciation and amortization $ - $ - Net long-term deferred tax asset $ - $ -

DISCONTINUED OPERATIONS (TABLES

DISCONTINUED OPERATIONS (TABLES)	9 Months Ended
	Sep. 30, 2016
DISCONTINUED OPERATIONS (TABLES):
Condensed statements of the discontinued operations	The following are condensed statements of the discontinued operations (Mamaki of Hawaii, Inc.) for the three and nine months ended September 30, 2015: Three Nine Months Months Sales $ 11,068 $ 47,275 Cost of sales 1,767 8,407 Gross profit 9,301 38,868 Operating Expenses: General and administrative expenses 124,517 395,824 Depreciation 29,740 89,218 Total Operating Expenses 154,257 485,042 Operating Loss (144,956 ) (446,174 ) Other Income (Expense) Interest expense (63,990 ) (115,238 ) Loss from discontinued operations $ (208,946 ) $ (561,412 ) Loss per share - discontinued operations $ (0.00 ) $ (0.00 )

Nature of Operations Textuals (

Nature of Operations Textuals (Details)	Dec. 31, 2015USD ($)shares	Aug. 31, 2012	May 31, 2012	Oct. 31, 2011	Sep. 30, 2010
Nature of Operations textuals
UMED has acquired acres of placer mining claims on Bureau of Land Management land in Mohave County, Arizona.					1,440
UMED acquired a % of interest in Jet Regulators, LP, an aircraft maintenance company located at Meacham Field in Fort Worth, Texas.				49.00%
Percentage of Shares acquired of Mamaki Tea & Extract of Hawaii, Inc. (nka Mamaki of Hawaii, Inc.)			80.00%
Company acquired % of Greenway Innovative Energy, Inc.,		100.00%
Company acquired the remaining 20% shares of restricted common stock of Rig Support Group, Inc., (nka Logistix Technology Systems, Inc. | shares	500,000
Cash paid for acquisition of Mamaki Tea & Extract of Hawaii, Inc. | $	$ 127,800

Basis of presentation (Details)

Basis of presentation (Details)	Dec. 31, 2015
Name of the Entity
UMED Holdings, Inc.	0.00%
Mamaki of Hawaii, Inc.	0.00%
Universal Media Corporation	100.00%
Greenway Innovative Energy, Inc.	100.00%
Logistix Technology Systems, Inc.	100.00%

Going Concern Uncertainties (De

Going Concern Uncertainties (Details)	9 Months Ended
	Sep. 30, 2016USD ($)
Going Concern Uncertainties
Companied sustained loss amounted	$ 1,592,000
Company incurred accumulated deficit	$ 14,000,000

Property and Equipment-Estimate

Property and Equipment-Estimated life (Details)	Sep. 30, 2016
Property and Equipment-Estimated life in years
Equipment estimated life minimum	5
Equipment estimated life maximum	7

Discontinued Operations (Detail

Discontinued Operations (Details)	Nov. 02, 2015USD ($)
Discontinued Operations Details
HBI acquired common stock of Mamaki in percentage	100.00%
HBI acquired common stock of Mamaki	$ 700,000
UMED debts	84,275
HBI paid	245,000
HBI was to pay	250,000
HBI was to pay in three installments	150,000
Company has not received any payment	$ 454,600

Net Loss Per Share, basic and d

Net Loss Per Share, basic and diluted (Details)	Sep. 30, 2016shares
Net Loss Per Share, basic and diluted-Details
Exercise of warrants has been excluded as a common stock equivalent in the diluted loss per share	(417,036)

Assets and liabilities by level

Assets and liabilities by level measured at fair value (Details)	Sep. 30, 2016USD ($)
Fair value details
Derivative Liabilities Level 1	$ 0
Derivative Liabilities Level 2	0
Derivative Liabilities Level 3	$ 341,499

Change in the notes payable at

Change in the notes payable at fair value (Details)	9 Months Ended
	Sep. 30, 2016USD ($)
Change in the notes payable at fair value details
Derivative Liabilities Fair Value January 1, 2016	$ 60,164
Derivative Liabilities Change in Fair Value	229,509
Derivative Liabilities New Convertible Notes	51,826
Derivative Liabilities Conversions	0
Derivative Liabilities Fair Value September 30, 2016	$ 341,499

Unobservable inputs used in the

Unobservable inputs used in the fair value measurement (Details)	9 Months Ended
	Sep. 30, 2016
Unobservable inputs used in the fair value measurement
Expected dividends	0.00%
Expected volatility	237.00%
Expected term: conversion feature	6 months
Risk free interest rate	0.45%

Research and Development (Detai

Research and Development (Details) - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Research and Development Details
Research and development expenses	$ 618,007	$ 593,725

Property, Plant and Equipment38

Property, Plant and Equipment (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Property, Plant and Equipment Details
Equipment	$ 60,732	$ 2,032
Furniture and fixtures	1,983	1,983
Property & equipment	62,715	4,015
Less accumulate depreciation	(3,568)	(3,271)
Property, plant and equipment, net	59,147	744
Depreciation expense for the period ended	$ 297	$ 396

Property, plant and equipment r

Property, plant and equipment range of lives in years (Details)	Sep. 30, 2016	Dec. 31, 2015
Property, plant and equipment range of lives in years:
Equipment range of lives in years	5	5
Furniture and fixtures range of lives in years	5	5

Term notes payable (Details)

Term notes payable (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Term notes payable details
Unsecured note payable dated March 8, 2016 to an individual at 5.0% interest, payable upon the company's availability of cash	$ 31,000	$ 0

Convertible debentures outstand

Convertible debentures outstanding (Details)	Sep. 30, 2016USD ($)
Convertible debentures outstanding Details
May 4, 2016 Convertible Promissory Note Outstanding	$ 224,000
Unamortized Discounts	$ 45,494

Convertible Note May 2016 & Sep

Convertible Note May 2016 & September 2014 (Details) - USD ($)	May 04, 2016	Sep. 18, 2014
Convertible Note Details
Issued convertible promissory	$ 224,000	$ 158,000
Convertible promissory note bearing interest	10.00%	10.00%
Monthly instalments payable on note	$ 44,800	$ 31,600
Note converted into common stock at conversion price equal to average of 3 lowest volume weighted average trading prices during 20 day	70.00%	70.00%
Beneficial conversion feature on the note valued	$ 224,000

May 2016 Convertible Note durin

May 2016 Convertible Note during the period (Details)	9 Months Ended
	Sep. 30, 2016USD ($)
May 2016 Convertible Note during the period
Interest expense	$ 20,732
Original issue discount	20,000
Debt issue cost	4,000
Amortization	9,600
Beneficial conversion interest May 2016 Convertible Note	$ 283,117
Beneficial conversion computed using the following variables
Expected dividends	0.00%
Expected volatility	165.00%
Expected term: conversion feature	9 months
Risk free interest rate	0.45%

September 2014 Convertible Note

September 2014 Convertible Note during the period (Details) - USD ($)	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
September 2014 Convertible Note during the period
Warrants - recorded at fair value	$ 58,385	$ 60,164
Warrants - recorded at fair value computed using the following variables
Expected dividends	0.00%
Expected volatility	165.00%
Expected term: conversion feature	3.25 years
Risk free interest rate	0.45%

Accrued expenses consisted of t

Accrued expenses consisted of the following (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Accrued expenses consisted of the following
Accrued consulting fees	$ 249,500	$ 229,000
Other accrued expenses	40,000	0
Bank overdraft	0	763
Accrued interest expense	9,302	0
Total accrued expenses	$ 298,802	$ 229,763

Capital Stock Transactions (Det

Capital Stock Transactions (Details)	Sep. 30, 2016$ / sharesshares
Common Stock Details
Authorized to issue shares of class A common stock	300,000,000
Shares of class A common stock par value | $ / shares	$ 0.0001
Shares of class A common stock issued and outstanding	214,713,134
Authorized to issue shares of class B common stock	20,000,000
Shares of class B common stock par value | $ / shares	$ 0.0001
Shares of class B common stock issued and outstanding	15,126,938

Common A Stock During the Perio

Common A Stock During the Period (Details)	9 Months Ended
	Sep. 30, 2016USD ($)$ / sharesshares
Common A Stock During the Period details
Issued shares of restricted common stock | shares	29,610,717
Shares of restricted common stock through private placements for cash | $	$ 1,623,500
Shares of restricted common stock per share | $ / shares	$ 0.0548
Issued shares of restricted common stock for consulting services | shares	410,000
Issued shares of restricted common stock for consulting services value | $	$ 32,800
Issued shares of restricted common stock for consulting services per share | $ / shares	$ 0.08
Issued shares of restricted common stock to a creditor for rent expense | shares	106,000
Issued shares of restricted common stock to a creditor for rent expense value | $	$ 8,480
Issued shares of restricted common stock to a creditor for rent expense per share | $ / shares	$ 0.08
Issued shares of restricted common stock for conversion of shareholder advances | shares	664,285
Issued shares of restricted common stock for conversion of shareholder advances value | $	$ 51,500
Shares of restricted common stock for conversion of shareholder advances | $ / shares	$ 0.0775

Related Party (Details)

Related Party (Details) - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Related Party
Shareholders made advances	$ 129,414	$ 204,884
Shareholders converted advances into common stock at market value	$ 51,500	$ 182,275
Shareholders converted advances into common stock at market value per share	$ 0.08	$ 0.1056
Received repayments	$ 101,000	$ 10,000

Provision for income taxes cons

Provision for income taxes consists of the following components (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Provision for income taxes for continuing operations:
Current	$ 0	$ 0
Deferred	0	0
Total tax provision for (benefit from) income taxes	$ 0	$ 0

Provision for income tax expens

Provision for income tax expense effective rate is as follows (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Provision for income tax expense effective rate is as follows:
Federal statutory rate	(34.00%)	(34.00%)
State tax, net of federal benefit	0.00%	0.00%
Permanent differences and other including surtax exemption	0.00%	0.00%
Valuation allowance	(34.00%)	(34.00%)
Effective tax rate	0.00%	0.00%

Deferred tax assets and liabili

Deferred tax assets and liabilities (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Deferred tax assets and liabilities Details
Net operating loss carry forwards	$ 5,176,012	$ 4,028,702
Deferred compensation	2,784,213	2,409,213
Stock based compensation	5,197,324	4,899
Other	932,159	11,212,480
Total	14,089,708	12,458,131
Less valuation allowance	(14,089,708)	(12,458,131)
Deferred tax asset	0	0
Deferred tax liabilities
Depreciation and amortization	0	0
Net long-term deferred tax asset	$ 0	$ 0

Valuation Allowance and Net Ope

Valuation Allowance and Net Operating Losses Carry Forward (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Valuation Allowance and Net Operating Losses Carry Forward
Change in the valuation allowance	$ 1,631,577	$ 4,028,702
Company has recorded a 100% valuation allowance related to the deferred tax asset for the loss from operations amount	14,089,708	12,458,131
Net operating losses carry forward for federal and state income tax purposes	$ 6,000,000	$ 4,000,000

Discontinued Operations Textual

Discontinued Operations Textual (Details)	Nov. 02, 2015USD ($)
Discontinued Operations Textual
HBI acquired common stock of Mamaki in percentage	100.00%
HBI acquired common stock of Mamaki	$ 700,000
UMED debts	84,275
HBI paid towards the first installment	245,000
HBI was due	250,000
HBI was to pay in three installments	150,000
Company has not received any payment	$ 454,600

Condensed Statements Of Discont

Condensed Statements Of Discontinued Operations (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015
Condensed Statements Of Discontinued Operations
Discontinued Operations Sales	$ 11,068	$ 47,275
Discontinued Operations Cost of sales	1,767	8,407
Discontinued Operations Gross profit	9,301	38,868
Discontinued Operations Operating Expenses:
Discontinued Operations General and administrative expenses	124,517	395,824
Discontinued Operations Depreciation	29,740	89,218
Discontinued Operations Total Operating Expenses	154,257	485,042
Discontinued Operations Operating Loss	(144,956)	(446,174)
Discontinued Operations Other Income (Expense)
Discontinued Operations Interest expense	(63,990)	(115,238)
Loss from discontinued operations.	$ (208,946)	$ (561,412)
Loss per share - discontinued operations	$ 0	$ 0

Commitments (Details)

Commitments (Details) - USD ($)	Apr. 08, 2015	May 31, 2011
Employment Agreements
Compensation payable during the first year		$ 180,000
Compensation payable during the second year		240,000
Compensation payable during the third year		300,000
Compensation payable during the fourth and fifth years		$ 350,000
Shares of restricted common stock annually for each year of the employment agreement		1,250,000
Company's chief executive officer resigned and relinquished his claim to receive compensation	$ 518,300

Commitment During the period (D

Commitment During the period (Details)	9 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)
Commitment during the period details
Company accured total management fee	$ 150,000	$ 270,000
Compensation for a term in years	5
Increase in annual pay	$ 180,000
Company accrued towards the employment agreements	135,000	146,250
Leases
Company entered into a lease in years	2
Rent expenses accrued during the period	21,753	$ 44,800
Company is obligated to pay annual maintenance fees	$ 11,600
Royalties based on production	10.00%
Lease amount of office space per month	$ 2,417

Commitments - Legal (Details)

Commitments - Legal (Details) - USD ($)	Apr. 22, 2016	Jan. 27, 2016	Dec. 28, 2015	Nov. 30, 2015
Commitments - Legal Details:
Company sold its shares in Mamaki of Hawaii, Inc. to Hawaiian Beverages, Inc.	$ 700,000
Defendants failed to make payments each on		$ 150,000	$ 150,000	$ 150,000

Subsequent Events Transactions

Subsequent Events Transactions (Details) - USD ($)	Sep. 30, 2016	Aug. 17, 2012
Subsequent Events Transactions Details
Company sold 450,000 shares of class A restricted common stock for	40,000
Southwest loaned to Mamaki Tea to purchase certain real properties		$ 850,000