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Evaluation of Subsequent Events
9 Months Ended
Sep. 30, 2016
Notes to Financial Statements  
NOTE 10 - Evaluation of Subsequent Events

Subsequent to September 30, 2016, the Company:

 

  a) Issued a convertible promissory note in the amount of $25,000. The secured promissory note is due September 2, 2018 and bears interest at a rate of 18% per annum, accrued daily, and calculated and payable monthly in arrears on the last day of each and every month. The secured promissory note is secured by a first charge and security interest in all of the present and after acquired property and assets of the Company pursuant to a general security agreement and a charge against the inventory of the Company.
     
  a) Issued 250,000 shares of its common stock for gross proceeds of $10,500 pursuant to Equity Purchase Agreement discussed in note 6.

 

The Company evaluated all subsequent events after the balance sheet date through December 28, 2016, the date the financial statements were available to be issued, and concluded there were no events or transactions occurring during this period that required recognition or disclosure in the financial statements other than that mentioned above.