Common Stock

6 Months Ended

Jun. 30, 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 and on August 8, 2016 completed a 19,000 to 1 reverse split of its issued and outstanding shares of common stock. All shares and per share information in the accompanying financial statements has been retroactively restated to reflect these two reverse stock splits.

During the six months ended June 30, 2016, the Company issued shares of its common stock as follows:

· 1,001 free trading 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;

· 1,202 restricted 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;

· 3,784 free trading shares of common stock for the conversion of $20,140 in debt;

· 263 restricted shares of common stock for financing costs valued at $10,500. The value was based on the market price of the Company’s common stock at the date of issuance; and

· 249 restricted shares of common stock for the conversion of 0 shares of preferred stock.