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Assets and Impairment
12 Months Ended
Dec. 31, 2015
Assets and Impairment [Abstract]  
ASSETS AND IMPAIRMENT

NOTE 6 – ASSETS AND IMPAIRMENT

 

On March 31, 2015, Mr. Fleming transferred $5,743 of various office equipment and supplies to the Company.  The Company is carrying the balance due to Mr. Fleming under short-term liabilities and will reimburse Mr. Fleming. Mr. Fleming has a balance of $8,441 owed to him under “due to officers” for the transfer of assets, consulting fees and various out of pocket expenses.

 

On September 3, 2015, the Company completed an Acquisition Agreement under which the Company acquired all of the equity interests of Stimulating Software, LLC, a Florida limited liability company, the acquisition of all the common stock of Inner Four, Inc., a Florida corporation, and all of the common and preferred stock of Play Celebrity Games, Inc., a Delaware corporation.

 

With the acquisitions the Company purchased 371 various apps with an estimated value of $5,000 per app giving the Company an asset value of $1,855,000. The Company issued 25,417,405 restricted shares of common stock and 4,075 restricted shares of Series A preferred stock valued at $4,486,777; thus the Company recorded $2,623,142 in goodwill. As of December 31, 2015, the Company impaired $4,478,142 of apps and goodwill. The Company is currently working on revamping the apps to bring them up to date.