Greenway (GWTI) 10-K 17 Apr 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Mar. 21, 2017	Jun. 30, 2016
Document and Entity Information:
Entity Registrant Name	UMED HOLDINGS, INC.
Entity Trading Symbol	umed
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Entity Central Index Key	1,572,386
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		239,168,967
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	FY
Entity Public Float			$ 0

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Current Assets
Cash	$ 67,964	$ 0
Prepaid expenses	13,476	0
Total Current Assets	81,440	0
Fixed assets
Property & equipment	4,015	4,015
Less depreciation	3,666	3,271
Total Fixed Assets	349	744
Other Assets
Other assets	5,000	0
Total Assets	86,789	744
Current Liabilities
Accounts payable	86,518	85,545
Advances from stockholders	59,690	102,214
Accrued management fees	1,916,602	1,793,617
Note payable	13,500	0
Accrued expenses	250,522	229,763
Convertible note payable, net of discounts of $13,647 and $0)	120,753	0
Derivative liability	56,057	60,164
Total Current Liabilities	2,503,642	2,271,303
Total Liabilities	2,503,642	2,271,303
Commitments and Contingencies
Stockholders' Deficit
Class B stock, 20,000,000 shares authorized, par value $0.0001, 126,938 issued and outstanding at December 31, 2016 and 15,126,938 at December 31, 2015	13	1,513
Class A stock 300,000,000 shares authorized, par value $0.0001, 231,118,372 and 183,882,132 issued and outstanding at December 31, 2016 and December 31, 2015, respectively	23,114	18,389
Additional paid-in capital	12,036,225	10,167,670
Accumulated deficit	(14,476,205)	(12,458,131)
Total Stockholders' Deficit	(2,416,853)	(2,270,559)
Total Liabilities & Stockholders' Deficit	$ 86,789	$ 744

Consolidated Balance Sheet Bala

Consolidated Balance Sheet Balance Sheet Parentheticals - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Parentheticals
Discount on Convertible note	$ 13,647	$ 0
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	126,938	15,126,938
Class B stock, shares outstanding	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	231,118,372	183,882,132
Class A stock, shares outstanding	231,118,372	183,882,132

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Loss from continuing operations
General and administrative	$ 1,050,101	$ 3,829,466
Research and development	967,348	766,726
Depreciation	396	396
Total Expense	2,017,845	4,596,588
Operating loss.	(2,017,845)	(4,596,588)
Other income (expenses)
Debt forgiveness	30,076	518,300
Write off Logistix software	0	(73,500)
Loss on debt settlement	(8,500)	0
Gain (loss) on change in fair value of derivatives	(7,129)	139,397
Interest expense	(14,676)	(218,105)
Total other expenses	(229)	366,092
Operating loss from continuing operations	(2,018,074)	(4,230,496)
Discontinued operations, net of tax Loss from discontinued operations.,	0	(561,412)
Gain on disposal of discontinued operations	0	763,206
Total net gain net from discontinued operations	0	201,794
Loss before income taxes	(2,018,074)	(4,028,702)
Provision for income taxes	0	0
Net loss	$ (2,018,074)	$ (4,028,702)
Basic loss per share;
Operating loss	$ (0.01)	$ (0.02)
Income Loss from discontinued operations	0	0
Net loss per share	$ (0.01)	$ (0.02)
Weighted average shares Outstanding; Basic and diluted	202,062,054	165,860,150

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Deficit - USD ($)	Class B Number of Shares	Stock Par Value 0.0001 Amount	Class A Number of Shares	Par Value 0.0001 Amount	Additional Paid-In-Capital	Accumulated Deficit	Total
Balance at Dec. 31, 2014	15,738,894	1,574	145,559,835	14,557	5,983,053	(8,429,429)	(2,430,245)
Sale of common stock			10,915,101	1,091	1,081,502		1,082,593
Conv of class B stock to class A common	(611,956)	(61)	9,179,340	918	(857)
Convert shareholders' advances to common stock			1,817,746	182	314,335		314,517
Shares issued for services			16,410,110	1,641	2,403,087		2,404,728
Warrants issued for services					$ 386,549		$ 386,549
Net loss						$ (4,028,702)	$ (4,028,702)
Balance. at Dec. 31, 2015	15,126,938	1,513	183,882,132	18,389	10,167,670	(12,458,131)	(2,270,559)
Conv of class B stock to class A common	(15,000,000)	(1,500)	1,500,000	1,500
Sale of common stock			31,055,955	3,107	1,751,913		1,755,000
Conv shareholders' advances to common stock			664,285	66	51,434		51,500
Shares issued for services			516,000	52	41,228		41,280
Shares issued for note settlement			200,000	20	23,980		24,000
Net loss						$ (2,018,074)	$ (2,018,074)
Balance at Dec. 31, 2016	126,938	13	231,118,372	23,114	12,036,225	(14,476,205)	(2,416,853)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Cash Flows from Operating Activities
Net Loss from Operations	$ (2,018,074)	$ (4,230,496)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	395	397
Stock issued for services	41,280	2,404,729
Loss on debt settlement.	8,500	0
Interest and amortization of debt discounts	206	102,700
Debt forgiveness	30,706	(518,300)
Warrants	0	386,549
Write off of Logistix software	0	73,500
Loss (gain) change in fair value of derivatives	7,129	(139,397)
Changes in operating assets and liabilities:
Prepaid insurance	(13,476)	0
Other assets	(5,000)	0
Accounts payable	973	50,559
Accrued management fees	122,985	489,241
Accrued expenses	(20,759)	76,171
Net Cash Used in Operating Activities	(1,845,765)	(1,304,347)
Cash Flows from Investing Activities	0	0
Cash Flows from Financing Activities
Advances from shareholders converted to common stock	118,500	314,517
Advances from shareholders	(94,024)	(79,058)
Increase in notes payable	13,500	0
Proceeds from convertible note payable	224,000	0
Payments on convertible note payable	(89,600)	(47,200)
Debt issuance costs.,	(13,647)	0
Proceeds from sale of common stock	1,755,000	1,082,593
Net Cash Provided by Financing Activities	1,913,729	1,270,852
Cash Used in Discontinued Operations	0	(44,009)
Net Increase ( Decrease) in Cash	67,964	(77,504)
Cash Beginning of Year	0	77,504
Cash End of Year	67,964	0
Supplemental Disclosure of Cash Flow Information:
Cash Paid during the period for interest	14,537	69,297
Cash Paid during the period for taxes	0	0
Conversion of class B common stock to class A common stock	$ 1,500	$ 918

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES {1}	12 Months Ended
	Dec. 31, 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 ("UMC"). 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 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 3, 4 and 12. In August 2012, the Company acquired 100% of Greenway Innovative Energy, Inc., which owns patents and proprietary technology that is capable of converting natural gas to diesel and jet fuels.

BASIS OF PRESENTATION AND GOING

BASIS OF PRESENTATION AND GOING CONCERN UNCERTAINTIES	12 Months Ended
	Dec. 31, 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 consolidated financial statements include the financial statements of UMED and its wholly-owned subsidiaries. The Company's investment in Jet Regulators is accounted for at cost due to its lack of significant influence. All significant inter-company accounts and transactions were eliminated in consolidation. The accompanying consolidated financial statements include the accounts of the following entities: Name of Entity % Entity Incorporation Relationship UMED Holdings, Inc. Corporation Texas Parent Universal Media Corporation 100 % Corporation Wyoming Subsidiary Greenway Innovative Energy, Inc. 100 % Corporation Nevada Subsidiary Logistix Technology Systems, Inc. 100 % Corporation Texas Subsidiary Going Concern Uncertainties The accompanying 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 consolidated financial statements, the Company sustained a loss of $2 million for the year ended December 31, 2016 and has a deficit of $14.5 million at December 31, 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 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 ACCOUNT9

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 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 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 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 thousand dollars ($84,275) of UMED debts. HBI has paid so far two hundred forty-five thousand five hundred dollars ($245,400) of the two hundred fifty thousand dollars ($250,000) due at closing and pay three installments of one hundred fifty thousand dollars ($150,000) on each of thirty, sixty and ninety-day from the closing date. The Company has not received any payment on the $454,600 and has 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. The results of Mamaki are presented as a separate line item in the consolidated statements of operations and the consolidated balance sheets entitled "Assets/Liabilities sold relating to discontinued operations" and "Assets/Liabilities related to discontinued operations". In accordance with EITF 87-24, "Allocation of Interest to Discontinued Operations", 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 Equivalent 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 December 31, 2016 and 2015, respectively. Segment Information ASC 280, " Segment Reporting management approach Mine Exploration and Development Costs The Company plans to account for mine exploration costs in accordance with Accounting Standards Codification 932, Extractive Activities. Mine Properties The Company will account for mine properties in accordance with Accounting Standard Codification 930, Extractive Activities-Mining. 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 (520,487) 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 Note7 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 December 31, 2016: Description Level 1 Level 2 Level 3 Derivative Liabilities $ $ $ 56,057 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 December 31, 2016 is as follows: Fair Value Change in New Fair Value January 1, 2016 Fair Value Convertible Notes Payments December 31, 2016 Derivative Liabilities $ 60,164 $ 7,129 $ 51,829 $ (63,065) $ 56,057 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 188% Expected term: conversion feature 3 months Risk free interest rate 0.51% Stock Based Compensation The Company follows Accounting Standards Codification subtopic 718-10, Compensation At December 31, 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.

CONTRACT RECEIVABLE

CONTRACT RECEIVABLE	12 Months Ended
	Dec. 31, 2016
CONTRACT RECEIVABLE
CONTRACT RECEIVABLE	NOTE 4 – CONTRACT RECEIVABLE In November 2015, the Company completed the sale (entered into on October 1, 2015) 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 thousand dollars ($84,275) of UMED debts. HBI paid two hundred forty-five thousand five hundred dollars ($245,400) at closing towards the first installment due of two hundred fifty thousand ($250,000), resulting in a receivable of $454,600 at December 31, 2015. The Company has not received any payment on the $454,600 and has determined that collection is doubtful and wrote the account off at December 31, 2015 as a reduction to the gain calculated on the sale.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
	Dec. 31, 2016
PROPERTY, PLANT AND EQUIPMENT
PROPERTY, PLANT AND EQUIPMENT	NOTE 5 – PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment, their estimated useful lives, and related accumulated depreciation at December 31, 2016 and 2015, respectively, are summarized as follows: Range of Lives in Years 2016 2015 Equipment 5 2,032 2,032 Furniture and fixtures 5 1,983 1,983 4,015 4,015 Less accumulate depreciation (3,666 ) (3,271 ) $ 349 744 Depreciation expense for the year ended $ 396 $ 396 During the year ended December 31, 2015, the Company wrote-off the balance of its Logistix software and $11,188 of fully depreciated assets.

TERM NOTES PAYABLE

TERM NOTES PAYABLE	12 Months Ended
	Dec. 31, 2016
TERM NOTES PAYABLE
TERM NOTES PAYABLE	NOTE 6 – TERM NOTES PAYABLE Term notes payable consisted of the following at December 31, 2016: 2016 Unsecured note payable dated March 8, 2016 to an individual at 5.0% interest, payable upon the Company's availability of cash $ 13,500 The Company negotiated a $15,500 reduction of the note in November 2016 for 200,000 shares of common stock valued at $0.12 per share of $24,000. The Company recognized a $8,500 loss on the settlement.

CONVERTIBLE PROMISSORY NOTE

CONVERTIBLE PROMISSORY NOTE	12 Months Ended
	Dec. 31, 2016
CONVERTIBLE PROMISSORY NOTE:
CONVERTIBLE PROMISSORY NOTE	NOTE 7 – CONVERTIBLE PROMISSORY NOTE At December 31, 2016, the Company had convertible debentures outstanding as follows; Outstanding Balance of Convertible Debenture Unamortized Discounts May 4, 2016 Convertible Promissory Note $ 134,400 $ 13,647 May 2016 Convertible Note 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 ($51,826) is being amortized over the term of the debt (10 months). For the year ended December 31, 2016, the Company recognized interest expense of $42,499 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 are being amortized over 10 months, with amortization of $19,680 for the year ended December 31, 2016. · The derivative for the 2016 beneficial conversion interest was $35,237 at December 31, 2016 and was computed using the following variables. Commitment Date Expected dividends 0% Expected volatility 188% Expected term: conversion feature 3 months Risk free interest rate 0.51% 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 ($79,537) upon issuance, and marked -to-market on the balance sheet at $20,820 as of December 31, 2016 and $60,164 at December 31, 2015, which was computed as follows; Commitment Date Expected dividends 0% Expected volatility 188% Expected term: conversion feature 2.75 years Risk free interest rate 0.51%

ACCRUED EXPENSES

ACCRUED EXPENSES	12 Months Ended
	Dec. 31, 2016
ACCRUED EXPENSES
ACCRUED EXPENSES	NOTE 8 – ACCRUED EXPENSES Accrued expenses consisted of the following at December 31, 2016 and 2015; 2016 2015 Accrued consulting fees $ 249,500 $ 229,000 Bank overdraft 0 763 Accrued interest expense 1,022 0 Total accrued expenses $ 250,522 $ 229,763

CAPITAL STRUCTURE

CAPITAL STRUCTURE	12 Months Ended
	Dec. 31, 2016
CAPITAL STRUCTURE
CAPITAL STRUCTURE	NOTE 9– 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 stock 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. Class A Common Stock At December 31, 2016, there were 231,118,372 shares of class A common stock issued and outstanding. During the year ended December 31, 2016, the Company issued 31,055,955 shares of restricted class A common stock to forty-two individuals through private placements for cash of $1,770,393 at average of $0.057 per share. During the year ended December 31, 2016, the Company issued 400,000 shares of restricted common stock for consulting services of $32,800 at average of $.082 per share. During the year ended December 31, 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 year ended December 31, 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. During the year ended December 31, 2016, the Company issued 200,000 shares of restricted common stock in partial settlement of a note payable. During the year ended December 31, 2016, the Company issued 15,000,000 shares of class A stock in exchange for 15,000,000 class B shares. During the year ended December 31, 2015, the Company issued 10,915,101 shares of restricted class A common stock to eighteen individuals through private placements for cash of $1,082,593 at average of $0.099 per share. During the year ended December 31, 2015, the Company issued 3,035,110 shares of restricted common stock for consulting services of $399,837 at average of $.132 per share. During the year ended December 31, 2015, the Company issued 1,817,746 shares of restricted common stock for conversion of $314,517 in advances by shareholder at average of $.173 per share. During the year ended December 31, 2015, the Company issued 9,179,340 shares of class A stock in exchange for 611,956 class B shares on terms set by the Company's predecessor, Dynalyst Manufacturing Corporation. During the year ended December 31, 2015, the Company issued a total of 13,125,000 shares of restricted class A common stock to its former CEO, its President and Chief Financial Officer per their employment agreements. The shares were valued at an average of $0.15 per share based on market value. During the year ended December 31, 2015, the Company issued 250,000 shares of restricted class A common stock to its former CEO as set out in his separation agreement. The shares were valued at $0.138 per share based on market value. Class B Stock At December 31, 2016, there were 126,938 shares of class B stock issued and outstanding. Each class B share is convertible, at the option of the shareholder, into common stock on a one for one basis. During the year ended December 31, 2016, 15,000,000 the Company issued 15,000,000 shares of class A shares in exchange for 15,000,000 class B shares. During the year ended December 31, 2015, the Company issued 9,179,340 shares of class A stock in exchange for 611,956 class B shares on terms set by the Company's predecessor, Dynalyst Manufacturing Corporation. Stock options, warrants and other rights At December 31, 2016, the Company has not adopted any employee stock option plans. On October 1, 2015, the Company issued 4,000,000 warrants for legal work. The warrants are exercisable at $.20 per share for a period of five years from the date of issue. The Company valued the warrants as of December 31, 2015 at $386,549 using the Black-Scholes Model with expected dividend rate of 0%, expected volatility rate of 189%, expected conversion term of 4.75 years and risk free interest rate of 1.75%.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2016
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 10 - RELATED PARTY TRANSACTIONS Shareholders have made advances to the Company in the amounts of $141,040 and $383,878 during the years ended December 31, 2016 and 2015, respectively. The shareholders have elected to convert advances of $51,500 and $314,517 to shares of class A, common stock at an average value of $0.0775 and $0.173 per share and received repayments of $151,000 and $79,058 during the years ended December 31, 2016 and 2015, respectively. Shareholders forgave $30,077 of advances. In April 2015, the Company's then Chief Executive Officer resigned and in his settlement agreement gave up claims to receive deferred compensation, which amounted to $518,300 and treated as debt forgiveness. In May 2015, the Company issued 13,125,000 shares of restricted class A common stock to its former CEO, its President and Chief Financial Officer per their employment agreements. The shares were valued at an average of $0.15 per share based on market value.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2016
INCOME TAXES
INCOME TAXES	NOTE 11 – INCOME TAXES At December 31, 2016 and 2015, the Company had approximately $5.5 million and $4.0 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 2034. 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 years ended December 31, 2016 and 2015: 2016 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 years ended December 31, 2015 and 2014 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 December 31, 2016 and December 31, 2015: 2016 2015 Deferred tax assets Net operating loss carry forwards $ 5,602,576 $ 4,028,702 Deferred compensation 2,570,198 2,409,213 Stock based compensation 5,165,124 4,898,968 Other 1,138,307 1,121,248 Total 14,476,205 12,458,131 Less valuation allowance (14,476,205 ) (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 $1,935,510 and $4,028,702 for the years ended December 31, 2016 and 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 $14,393,641 and $12,458,131 at December 31, 2016 and 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	12 Months Ended
	Dec. 31, 2016
DISCONTINUED OPERATIONS
DISCONTINUED OPERATIONS	NOTE 12 – DISCONTINUED OPERATIONS In November 2015, the Company completed the sale (entered into on October 1, 2015) 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 thousand dollars ($84,275) of UMED debts. HBI paid two hundred forty-five thousand five hundred dollars ($245,400) at closing towards the first installment due of two hundred fifty thousand ($250,000) and with three installments of one hundred fifty thousand dollars ($150,000) on each due thirty, sixty and ninety days from the closing date. The Company has not received any payment on the $454,600 and has determined that the collection is doubtful and wrote the receivable off at December 31, 2015 against the gain calculated on the sale. The following is a summary of the calculation of the gain from the sale of Mamaki of Hawaii, Inc.: Mamaki of Hawaii historical operations $ 2,008,794 Contract receivable from Hawaiian Beverages 700,000 UMED note payable assumed by Hawaiian Beverages 64,697 Write off Mamaki of Hawaii Intercompany receivable (777,255 ) Write off UMED investment in Mamaki of Hawaii stock (778,430 ) Write off contract receivable (454,600 ) Gain from discontinued operations for 2015 $ 763,206 The following statements of the discontinued operations (Mamaki of Hawaii, Inc.) for the year ended December 31, 2015: 2015 Sales $ 47,275 Cost of sales 8,407 Gross profit 38,868 Operating Expenses: General and administrative expenses 395,824 Depreciation 89,218 Total Operating Expenses 485,042 Operating Loss (446,174 ) Other Income (Expense) Interest expense (115,238 ) Loss from discontinued operations $ (561,412 ) Loss per share – discontinued operations $ (0.00 )

COMMITMENTS

COMMITMENTS	12 Months Ended
	Dec. 31, 2016
COMMITMENTS
COMMITMENTS	NOTE 13 – 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, 2106. 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 years ended December 31, 2016 and 2015, the Company accrued a total of $150,000 and $405,000, respectively, as management fees in accordance with the terms of these agreements. Kevin Bentley resigned as Chief Executive Officer in April 2015 and relinquished his claim to receive $518,300 of deferred compensation, which the Company treated as debt forgiveness. Richard Halden resigned as President in January 2016 and Randy Moseley resigned as Chief Financial Officer in November 2016. 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 March 1,2015, 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 years ended December 31, 2016 and 2015, respectively, the Company accrued $180,000 and $191,250 towards the employment agreements. Leases In July 2015, the Company reduced its office lease space from 3,500 to 1,800 square feet on a month-to-month basis at $3,200 per month. In October 2015, the Company signed a new two-year lease for new office space of approximately 1,800 square feet at the rate of $2,417 for the first twelve months and $2,495 for the second twelve months. During the years ended December 31, 2016 and 2015, the Company expensed $33,512 and $55,836, respectively, in rent expense. The Company pays approximately $11,600 in annual maintenance fees on its Arizona BLM mining leases, in addition to 10% royalties based on production. Legal From time to time, the Company may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. The Company currently is not aware of any such legal proceedings that we believe will have, individually or in the aggregate, a material adverse effect on its business, financial condition or operating results.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2016
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 14-SUBSEQUENT EVENTS During the period from January 1, 2017 through April 17, 2017, the Company issued 12,217,500 shares of restricted class A common stock to 18 individuals for $977,400 at average price of $0.08 per share. During the period from January 1, 2017 through April 17, 2017, the Company issued 1,750,000 shares of restricted class A common stock for consulting services at average price of $0.12 per share. During the period from January 1, 2017 through April 17, 2017, the Company canceled 15,000,000 of common stock that had been reserved against a convertible note payable that was paid March 10, 2017. During the period from January 1, 2017 through April 17, 2017, the Company canceled 5,205,000 of common stock that had been returned to the Company by its previous Chief Financial Officer in conjunction with his separation agreement. During the period from January 1, 2017 through April 17, 2017, the Company canceled 300,000 of common stock that had been returned to the Company.

ACCOUNTING POLICIES (POLICIES)

ACCOUNTING POLICIES (POLICIES)	12 Months Ended
	Dec. 31, 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 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 thousand dollars ($84,275) of UMED debts. HBI has paid so far two hundred forty-five thousand five hundred dollars ($245,400) of the two hundred fifty thousand dollars ($250,000) due at closing and pay three installments of one hundred fifty thousand dollars ($150,000) on each of thirty, sixty and ninety-day from the closing date. The Company has not received any payment on the $454,600 and has 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. The results of Mamaki are presented as a separate line item in the consolidated statements of operations and the consolidated balance sheets entitled "Assets/Liabilities sold relating to discontinued operations" and "Assets/Liabilities related to discontinued operations". In accordance with EITF 87-24, "Allocation of Interest to Discontinued Operations", 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 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 Equivalent	Cash and Cash Equivalent 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 December 31, 2016 and 2015, respectively.
Segment Information	Segment Information ASC 280, " Segment Reporting management approach
Mine Exploration and Development Costs	Mine Exploration and Development Costs The Company plans to account for mine exploration costs in accordance with Accounting Standards Codification 932, Extractive Activities.
Mine Properties	Mine Properties The Company will account for mine properties in accordance with Accounting Standard Codification 930, Extractive Activities-Mining.
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 (520,487) have been excluded as a common stock equivalent in the diluted loss per share because their effect is anti-dilutive.
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.
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 December 31, 2016: Description Level 1 Level 2 Level 3 Derivative Liabilities $ $ $ 56,057 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 December 31, 2016 is as follows: Fair Value Change in New Fair Value January 1, 2016 Fair Value Convertible Notes Conversions December 31, 2016 Derivative Liabilities $ 60,164 $ 7,129 $ 51,829 $ (63,065) $ 56,057 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 188% Expected term: conversion feature 3 months Risk free interest rate 0.51%
Stock Based Compensation	Stock Based Compensation The Company follows Accounting Standards Codification subtopic 718-10, Compensation At December 31, 2016, the Company did not have any issued or outstanding stock options.
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 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)	12 Months Ended
	Dec. 31, 2016
BASIS OF PRESENTATION (TABLES):
The accompanying condensed consolidated financial statements include the accounts of the following entities	The accompanying 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.* 100 % 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 October 2015

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES (TABLES)	12 Months Ended
	Dec. 31, 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 December 31, 2016: Description Level 1 Level 2 Level 3 Derivative Liabilities $ $ $ 56,057
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 December 31, 2016 is as follows: Fair Value Change in New Fair Value January 1, 2016 Fair Value Convertible Notes Conversions December 31, 2016 Derivative Liabilities $ 60,164 $ 7,129 $ 51,829 $ (63,065) $ 56,057
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 188% Expected term: conversion feature 3 months Risk free interest rate 0.51%

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (TABLES)	12 Months Ended
	Dec. 31, 2016
PROPERTY, PLANT AND EQUIPMENT (TABLES):
Schedule of Property, Plant and Equipment	Property, plant and equipment, their estimated useful lives, and related accumulated depreciation at December 31, 2016 and 2015, respectively, are summarized as follows: Range of Lives in Years 2016 2015 Equipment 5 2,032 2,032 Furniture and fixtures 5 1,983 1,983 4,015 4,015 Less accumulate depreciation (3,666 ) (3,271 ) $ 349 744 Depreciation expense for the year ended $ 396 $ 396

TERM NOTES PAYABLE (TABLES)

TERM NOTES PAYABLE (TABLES)	12 Months Ended
	Dec. 31, 2016
TERM NOTES PAYABLE (TABLES):
Schedule of Term Notes Payable	Term notes payable consisted of the following at December 31, 2016: 2016 Unsecured note payable dated March 8, 2016 to an individual at 5.0% interest, payable upon the Company's availability of cash $ 13,500

CONVERTIBLE PROMISSORY NOTE (TA

CONVERTIBLE PROMISSORY NOTE (TABLES)	12 Months Ended
	Dec. 31, 2016
CONVERTIBLE PROMISSORY NOTE (TABLES):
Schedule of Convertible debentures outstanding	At December 31, 2016, the Company had convertible debentures outstanding as follows; Outstanding Balance of Convertible Debenture Unamortized Discounts May 4, 2016 Convertible Promissory Note $ 134,400 $ 13,647
Schedule of Derivative for the 2016 beneficial conversion interest and computed using the following variables	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 are being amortized over 10 months, with amortization of $19,680 for the year ended December 31, 2016. · The derivative for the 2016 beneficial conversion interest was $35,237 at December 31, 2016 and was computed using the following variables. Commitment Date Expected dividends 0% Expected volatility 188% Expected term: conversion feature 3 months Risk free interest rate 0.51%
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 ($79,537) upon issuance, and marked -to-market on the balance sheet at $20,820 as of December 31, 2016 and $60,164 at December 31, 2015, which was computed as follows; Commitment Date Expected dividends 0% Expected volatility 188% Expected term: conversion feature 2.75 years Risk free interest rate 0.51%

ACCRUED EXPENSES (TABLES)

ACCRUED EXPENSES (TABLES)	12 Months Ended
	Dec. 31, 2016
ACCRUED EXPENSES (TABLES):
ACCRUED EXPENSES (TABLES)	Accrued expenses consisted of the following at December 31, 2016 and 2015; 2016 2015 Accrued consulting fees $ 249,500 $ 229,000 Bank overdraft 0 763 Accrued interest expense 1,022 0 Total accrued expenses $ 250,522 $ 229,763

INCOME TAXES (TABLES)

INCOME TAXES (TABLES)	12 Months Ended
	Dec. 31, 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 years ended December 31, 2016 and 2015: 2016 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 years ended December 31, 2015 and 2014 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 December 31, 2016 and December 31, 2015: 2016 2015 Deferred tax assets Net operating loss carry forwards $ 5,602,576 $ 4,028,702 Deferred compensation 2,570,198 2,409,213 Stock based compensation 5,165,124 4,898,968 Other 1,138,307 1,121,248 Total 14,476,205 12,458,131 Less valuation allowance (14,476,205 ) (12,458,131 ) Deferred tax asset - - Deferred tax liabilities Depreciation and amortization $ - $ - Net long-term deferred tax asset $ - $ -

DISCONTINUED OPERATIONS (TABLES

DISCONTINUED OPERATIONS (TABLES)	12 Months Ended
	Dec. 31, 2016
DISCONTINUED OPERATIONS (TABLES):
Condensed statements of the discontinued operations	The following is a summary of the calculation of the gain from the sale of Mamaki of Hawaii, Inc.: Mamaki of Hawaii historical operations $ 2,008,794 Contract receivable from Hawaiian Beverages 700,000 UMED note payable assumed by Hawaiian Beverages 64,697 Write off Mamaki of Hawaii Intercompany receivable (777,255 ) Write off UMED investment in Mamaki of Hawaii stock (778,430 ) Write off contract receivable (454,600 ) Gain from discontinued operations for 2015 $ 763,206
Assets and liabilities retained relating to discontinued operations	The following statements of the discontinued operations (Mamaki of Hawaii, Inc.) for the year ended December 31, 2015: 2015 Sales $ 47,275 Cost of sales 8,407 Gross profit 38,868 Operating Expenses: General and administrative expenses 395,824 Depreciation 89,218 Total Operating Expenses 485,042 Operating Loss (446,174 ) Other Income (Expense) Interest expense (115,238 ) Loss from discontinued operations $ (561,412 ) Loss per share – discontinued operations $ (0.00 )

Nature of Operations Textuals (

Nature of Operations Textuals (Details) - USD ($)	Dec. 31, 2015	Aug. 31, 2012	May 31, 2012
Nature of Operations textuals
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.	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, 2016
Name of the Entity
UMED Holdings, Inc.	100.00%
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)	12 Months Ended
	Dec. 31, 2016USD ($)
Going Concern Uncertainties
Companied sustained loss amounted	$ 2,000,000
Company incurred deficit of	$ 14,500,000

Property and Equipment-Estimate

Property and Equipment-Estimated life (Details)	Dec. 31, 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 {1}
HBI acquired common stock of Mamaki in percentage	100.00%
HBI acquired common stock of Mamaki	$ 700,000
UMED debts	84,275
HBI was to pay	250,000
HBI was to pay in three installments	150,000
Company has not received any payment	$ 454,600

Mine Properties (Details)

Mine Properties (Details)	Dec. 31, 2015	Dec. 31, 2014USD ($)	Dec. 31, 2010USD ($)
Mine Properties Details
Mining claims in acres	1,440
Mining claims acquired in exchange for shares of common stock			$ 5,066,000
Nominal value of common stock			$ 100,000
Impairment charge		$ 100,000

Net Loss Per Share, basic and d

Net Loss Per Share, basic and diluted (Details)	Dec. 31, 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	(520,487)

Assets and liabilities by level

Assets and liabilities by level measured at fair value (Details)	Dec. 31, 2016USD ($)
Fair value details
Derivative Liabilities Level 1	$ 0
Derivative Liabilities Level 2	0
Derivative Liabilities Level 3	$ 56,057

Change in the notes payable at

Change in the notes payable at fair value (Details)	12 Months Ended
	Dec. 31, 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	7,129
Derivative Liabilities New Convertible Notes	51,829
Derivative Liabilities Payments	(63,065)
Derivative Liabilities Fair Value December 31, 2016	$ 56,057

Fair value measurement of the l

Fair value measurement of the liabilities (Details)	Dec. 31, 2016
Fair value measurement of the liabilities Details
Expected dividends	0.00%
Expected volatility	188.00%
Expected term: conversion feature	3
Risk free interest rate	0.51%

Research and Development (Detai

Research and Development (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Research and Development Details
Company incurred research and development expenses	$ 967,348	$ 766,726

CONTRACT RECEIVABLE (Details)

CONTRACT RECEIVABLE (Details) - USD ($)	Dec. 31, 2015	Nov. 30, 2015
CONTRACT RECEIVABLE Details
HBI acquired common stock of Mamaki in percentage		100.00%
HBI acquired common stock of Mamaki		$ 700,000
UMED debts		84,275
HBI was to pay		250,000
HBI paid at closing towards the first installment		(245,400)
HBI resulting in a receivable		$ 454,600
Company has not received any payment	$ 454,600

Property, Plant and Equipment42

Property, Plant and Equipment (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment Details
Equipment with Range of Lives in 5 Years	$ 2,032	$ 2,032
Furniture and fixtures with Range of Lives in 5 Years	1,983	1,983
Total value of the assets	4,015	4,015
Less accumulate depreciation	(3,666)	(3,271)
Net value of assets,	349	744
Depreciation expense for the year ended	$ 396	$ 396

Depreciated Assets (Details)

Depreciated Assets (Details)	12 Months Ended
	Dec. 31, 2015USD ($)
Depreciated Assets
Company wrote-off depreciated assets	$ 11,188

Term notes payable consisted of

Term notes payable consisted of the following (Details)	Dec. 31, 2016USD ($)
Term notes payable consisted of the following Details
Unsecured note payable dated March 8, 2016 to an individual at 5.0% interest, payable upon the Company's availability of cash	$ 13,500

Term notes payable Parenthetica

Term notes payable Parentheticals (Details)	Mar. 08, 2016
Term notes payable Parentheticals Details
Unsecured note payable to an individual at interest	5.00%

Term notes payable Narrative (D

Term notes payable Narrative (Details)	Dec. 31, 2016USD ($)
Term notes payable Narrative Details
Company negotiated a reduction of the note	$ 15,500
Company negotiated a reduction of the note shares of common stock	200,000
Company negotiated a reduction of the note shares of common stock Value	$ 8,500

CONVERTIBLE PROMISSORY NOTE (De

CONVERTIBLE PROMISSORY NOTE (Details)	Dec. 31, 2016USD ($)
CONVERTIBLE PROMISSORY NOTE Details
May 4, 2016 Convertible Promissory Note Outstanding Balance of Convertible Debenture	$ 134,400
May 4, 2016 Convertible Promissory Note Unamortized Discounts	$ 13,647

Convertible promissory note iss

Convertible promissory note issues (Details) - USD ($)	Dec. 31, 2016	May 31, 2016	Dec. 31, 2015	Sep. 18, 2014
Convertible promissory note issues
Company issued a convertible promissory note to an accredited investor		$ 224,000		$ 158,000
Convertible promissory note bears interest at a rate per annum		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%
The discount related to the beneficial conversion feature on the note valued at an amount based on intrinsic value		$ 224,000		$ 158,000
Discount related to beneficial conversion feature is amortized over the term of (10 months)		$ 51,826		$ 78,463
Expected dividends			0.00%
Expected volatility	188.00%		188.00%
Expected term: conversion feature(years)	3		2.75
Risk free interest rate	0.51%		0.51%
Derivative beneficial conversion interest	$ 35,237
Warrants - having a fair value of	79,537
Warrants - having a fair value upon issuance, and marked -to-market on the balance sheet	$ 20,820		$ 60,164

Convertible promissory note deb

Convertible promissory note debt issue costs as follows (Details)	12 Months Ended
	Dec. 31, 2016USD ($)
Convertible promissory note debt issue costs as follows
Amortization of debt issue costs for the period	$ 4,000
Company amortized over 10 months, with amortization	19,680
Original issue discount was amortized	20,000
Company recognized interest expense	$ 42,499

Accrued expenses consisted of t

Accrued expenses consisted of the following (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Accrued expenses consisted of the following
Accrued consulting fees	$ 249,500	$ 229,000
Bank overdraft	0	763
Accrued interest expense	1,022	0
Total accrued expenses	$ 250,522	$ 229,763

Class A Common Stock transactio

Class A Common Stock transactions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Class A Common Stock transactions
Authorized shares of class A common stock	300,000,000
Par value per share of class A common stock	$ 0.0001
Authorized shares of class B common stock	20,000,000
Par value per share of class B common stock	$ 0.0001
Shares of class A common stock issued and outstanding.	231,118,372
Company issued shares of restricted class A common stock to forty-two individuals through private placements	31,055,955
Value of shares of restricted class A common stock issued to forty-two individuals through private placements	$ 1,770,393
Per share value of restricted class A common stock issued to forty-two individuals through private placements	$ 0.057
Company issued shares of restricted class A common stock for consulting services	400,000	3,035,110
Value of shares of restricted class A common stock issued for consulting services	$ 32,800	$ 399,837
Per share value of shares of restricted class A common stock issued for consulting services	$ 0.082	$ 0.132
Company issued shares of restricted class A common stock to a creditor for rent expense	106,000
Value of shares of restricted class A common stock to a creditor for rent expense	$ 8,480
Per share value of shares of restricted class A common stock to a creditor for rent expense	$ 0.08
Company issued shares of restricted class A common stock for conversion of advances from shareholders	664,285	1,817,746
Value of shares of restricted class A common stock issued for conversion of advances from shareholders	$ 51,500	$ 314,517
Per share value of shares of restricted class A common stock issued for conversion of advances from shareholders	$ 0.0775	$ 0.173
Company issued shares of restricted common stock in partial settlement of a note payable	200,000
Company issued shares of class A stock	15,000,000	179,340
Company issued shares of class A stock in exchange for class B shares	15,000,000	611,956
Company issued shares of restricted class A common stock to eighteen individuals through private placements		10,915,101
Value of shares of restricted class A common stock issued to eighteen individuals through private placements		$ 1,082,593
Per share value of restricted class A common stock issued to eighteen individuals through private placements		$ 0.099
Company issued a total of shares of restricted class A common stock to its former CEO, its President and Chief Financial Officer per their employment agreements		13,125,000
Per share value of shares of restricted class A common stock issued to its former CEO, its President and Chief Financial Officer per their employment agreements		$ 0.15
Company issued shares of restricted class A common stock to its former CEO as set out in his separation agreement		250,000
Per share value of shares of restricted class A common stock issued to its former CEO as set out in his separation agreement		$ 0.138

Class B Stock (Details)

Class B Stock (Details) - shares	Dec. 31, 2016	Dec. 31, 2015
Class B Stock
Shares of class B stock issued and outstanding		126,938
Company issued shares of class A stock for class B shares on terms set by the Company's predecessor, Dynalyst Manufacturing Corporation.	15,000,000	9,179,340
Class B shares exchanged as per the terms	15,000,000	611,956

Stock options, warrants and oth

Stock options, warrants and other rights (Details) - USD ($)	Dec. 31, 2015	Oct. 01, 2015
Stock options, warrants and other rights
Company issued warrants for legal work		$ 4,000,000
The warrants are exercisable per share for a period of five years from the date of issue		$ 0.20
Black-Scholes Model Assumptions
Expected dividend rate	0.00%
Expected volatility rate	189.00%
Expected conversion term of years	4.75
Risk free interest rate	1.75%

Related Party (Details)

Related Party (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Related Party
Shareholders made advances	$ 141,040	$ 383,878
Shareholders converted advances into common stock at market value	$ 51,500	$ 314,517
Shareholders converted advances into common stock at market value per share	$ 0.0775	$ 0.173
Received repayments	$ 151,000	$ 79,058

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Jul. 31, 2015	May 31, 2015	Apr. 30, 2015
Related Party Transactions
Deferred compensation amount			$ 518,300
Company issued shares of restricted common stock to its former CEO, its President and CFO	9,179,340	13,125,000
Company issued shares of restricted common stock to its former CEO, its President and CFO par value		$ 0.15
Company issued shares of restricted common stock to its former CEO, its President and CFO for conversion shares of preferred stock rate of fifteen shares	$ 611,956

The provision for income taxes

The provision for income taxes for continuing operations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
The provision for income taxes for continuing operations
Current	$ 0	$ 0
Deferred	0	0
Total tax provision for (benefit from) income taxes	$ 0	$ 0

Comparison of Provision for inc

Comparison of Provision for income tax expense (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Comparison of Provision for income tax expense
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 ($)	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets
Net operating loss carry forwards	$ 5,602,576	$ 4,028,702
Deferred compensation	2,570,198	2,409,213
Stock based compensation	5,165,124	4,898,968
Other	1,138,307	1,121,248
Total	14,476,205	12,458,131
Less valuation allowance	(14,476,205)	$ (12,458,131)
Deferred tax asset	0
Deferred tax liabilities
Depreciation and amortization	0
Net long-term deferred tax asset	$ 0

Valuation Allowance and Net Ope

Valuation Allowance and Net Operating Losses Carry Forward (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Valuation Allowance and Net Operating Losses Carry Forward
Change in the valuation allowance	$ 1,935,510	$ 4,028,702
Company has recorded a 100% valuation allowance related to the deferred tax asset for the loss from operations amount	14,393,641	12,458,131
Net operating losses carry forward for federal and state income tax purposes	$ 5,500,000	$ 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	245,500
HBI was due	250,000
HBI was to pay in three installments	$ 150,000

Calculation of the gain from th

Calculation of the gain from the sale of Mamaki (Details)	Dec. 31, 2015USD ($)
Calculation of the gain from the sale of Mamaki Details
Mamaki of Hawaii historical operations	$ 2,008,794
Contract receivable from Hawaiian Beverages	700,000
UMED note payable assumed by Hawaiian Beverages	64,697
Write off Mamaki of Hawaii Intercompany receivable	(777,255)
Write off UMED investment in Mamaki of Hawaii stock	(778,430)
Write off contract receivable	(454,600)
Gain from discontinued operations for 2015	$ 763,206

Condensed Statements Of Discont

Condensed Statements Of Discontinued Operations (Details)	12 Months Ended
	Dec. 31, 2015USD ($)$ / shares
Condensed Statements Of Discontinued Operations
Discontinued Operations Sales	$ 47,275
Discontinued Operations Cost of sales	8,407
Discontinued Operations Gross profit	38,868
Discontinued Operations Operating Expenses:
Discontinued Operations General and administrative expenses	395,824
Discontinued Operations Depreciation	89,218
Discontinued Operations Total Operating Expenses	485,042
Discontinued Operations Operating Loss	(446,174)
Discontinued Operations Other Income (Expense)
Discontinued Operations Interest expense	(115,238)
Loss from discontinued operations.	$ (561,412)
Discontinued Operations Loss per share | $ / shares	$ 0

Commitments Consists of the fol

Commitments Consists of the following (Details) - USD ($)	Jul. 31, 2015	Apr. 30, 2015	Jun. 30, 2014	Aug. 31, 2012
Commitments Consists of the following
Compensation payable during the year				$ 90,000
President's employment agreement was amended to increase his annual pay			$ 180,000
Company's chief executive officer resigned and relinquished his claim to receive compensation		$ 518,300
Company reduced its office lease space on a month-to-month basis per month	$ 3,200
Company signed a new two-year lease for new office space for the first twelve months	2,417
Company signed a new two-year lease for new office space for the second twelve months	2,495
Company pays in annual maintenance fees	$ 11,600
Mining leases, in addition to royalties based on production	10.00%

Commitments (Details)

Commitments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Commitment details
Company accrued towards the employment agreements	$ 180,000	$ 191,250
Rent expenses accrued during the period	33,512	55,836
Company accured total management fee	$ 150,000	$ 405,000

SUBSEQUENT TRANSACTIONS (DETAIL

SUBSEQUENT TRANSACTIONS (DETAILS)	4 Months Ended
	Apr. 17, 2017USD ($)$ / sharesshares
SUBSEQUENT TRANSACTIONS
Company issued shares of restricted class A common stock to 18 individuals	12,217,500
Company issued shares of restricted class A common stock to 18 individuals for cash | $	$ 977,400
Company issued shares of restricted class A common stock to 18 individuals average price per share | $ / shares	$ 0.08
Company issued shares of restricted class A common stock for consulting services	1,750,000
Company issued shares of restricted class A common stock for consulting services average price per share | $ / shares	$ 0.12
Company canceled common stock that had been reserved against a convertible note payable	15,000,000
Company canceled common stock that had been returned to the Company	5,205,000
Company canceled common stock that had been returned to the Company	300,000