Share Capital

6 Months Ended

Jun. 30, 2015

Notes to Financial Statements

Note 8 - Share Capital

The Company is authorized to issue 100,000,000 shares of its common stock with a par value of $0.0001. All shares are ranked equally with regards to the Company's residual assets.

During the year ended December 31, 2014, the Company received subscriptions for 2,775,360 shares of its common stock at a price of $0.138 per share for proceeds of $383,000. As at December 31, 2014, the shares had yet to be issued and the full amount of the proceeds was included in share subscriptions payable. During the six months ended June 30, 2015, the Company issued the common shares.

During the six months ended June 30, 2015, the Company issued 2,849,992 shares of its common stock at an average price of $0.155 per share for proceeds of $439,800.

During the six months ended June 30, 2015, the Company issued 60,000 shares of its common stock at a price of $0.138 per share to Ryan Goulding Services, LLC, for services performed, pursuant to a settlement agreement, dated February 12, 2015, by and among the Company, Securities Counselors, Inc. and Belair Capital Partners, Inc. The fair value of the common shares of $8,280 has been expensed as transaction costs during the six months ended June 30, 2015.

During the six months ended June 30, 2015, the Company issued 2,178,866 shares of its common stock at a price of $0.138 per share as settlement for amounts payable pursuant to an advisory agreement disclosed in note 11(b). Of the total fair value of the common shares of $300,684, $40,000 was included in professional fees expense during the year ended December 31, 2014 and was included in accounts payable and accrued liabilities as at that date. The remaining $260,684 has been expensed as professional fees during the six months ended June 30, 2015.

During the six months ended June 30, 2015, the Company issued 500,000 shares of its common stock to a key sales consultant with respect to services rendered to the Company at a deemed price of $0.147 per share. The fair value of $73,500 is included in sales and marketing expense for the six months ended June 30, 2015.

During the six months ended June 30, 2015, the Company issued 15,500,000 to various consultants and advisors pursuant to agreements disclosed in notes 11(c) through (g) at a deemed price of $0.147 per share.

The deemed price of $0.147 used to value the common shares issued to the sales and other consultants was calculated as the weighted average price per share for all subscriptions for common shares of the Company's stock that were paid in cash during the six months ended June 30, 2015.

During the six months ended June 30, 2015, the Company issued 37,000,000 shares of its common stock to the former sole shareholder of TruXmart in connection with the Reverse Acquisition described in note 1.

The Company's net loss per weighted average number of shares outstanding for the six month periods ended June 30, 2015 and 2014 are as follows:

	2015		2014
Net income (loss) for the period	$	(847,860)	$	(22,006)
Weighted average number of shares (basic and diluted)		13,556,886		100
Income (Loss) per weighted average share (basic and diluted)	$	0	$	(220)

The Company's net loss per weighted average number of shares outstanding for the three month periods ended June 30, 2015 and 2014 are as follows:

	2015			2014
Net income (loss) for the period	$	(822,174	)	$	(37,526	)
Weighted average number of shares (basic and diluted)		23,662,690			100
Income (Loss) per weighted average share (basic and diluted)	$	0		$	(375)

As at June 30, 2015 and December 31, 2014, the Company's authorized, issued and outstanding share capital is as follows:

	June 30, 2015		December 31, 2014
64,405,082 common shares (December 31, 2014 2,840,864)	$	6,440	$	284