Common Stock

3 Months Ended

Mar. 31, 2016

Common Stock [Abstract]

COMMON STOCK

NOTE 8 – 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.

During the three months ended March 31, 2016 the Company issued shares of its common stock as follows:

· 19,013,332 shares of common stock to consultants as compensation for services valued at $3,975,653. The value was based on the market price of the Company’s common stock at the date of issuance; and

· 22,843,310 shares of common stock under the September 3, 2015 acquisition agreement valued at $2,280,331. The value was based on the market price of the Company’s common stock at the date of issuance.