Common Stock

12 Months Ended

Dec. 31, 2015

Common Stock and Preferred Stock [Abstract]

COMMON STOCK

NOTE 9 – COMMON STOCK

On April 27, 2015, the Company completed a 3,000 to 1 reverse split of its issued and outstanding shares of common stock, taking the balance from 3,013,552,063 to 1,004,517.  As of September 30, 2015, the number of issued and outstanding shares of common stock was 44,367,447 (includes shares issued for purposes of rounding). 

During the year ended December 31, 2015 the Company issued shared of its common stock as follows:

· 18,338,275 shares of common stock (and 680 shares of preferred stock – see below) to consultants as compensation for services valued at $4,101,575. The value was based on the market price of the Company’s common stock at the date of issuance;

· 25,417,405 shares of common stock (and 4,045 shares of preferred stock – see below) for the acquisition of 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;

· 26,865,905 shares of common stock under the September 3, 2015 acquisition agreement valued at $27,215,905. The value was based on the market price of the Company’s common stock at the date of issuance; and

· 740,000 shares of common stock for financing costs valued at $312,500. The value was based on the market price of the Company’s common stock at the date of issuance.