Subsequent Events

3 Months Ended

Mar. 31, 2014

Subsequent Events [Abstract]

Subsequent Events

12.      Subsequent Events

In preparing these financial statements, the Company has evaluated events and transactions for potential recognition of disclosure as follows:

On or around April 2, 2014, GV notified the Company of its conversion of 2,270 shares of Series C Preferred Shares into 12,485,000 shares of Common Stock of the Company. On or around April 21, 2014, GV notified the Company of its conversion of 1,200 shares of Series C Preferred Shares into 13,200,000 shares of Common Stock of the Company. On or around May 6, 2014, GV notified the Company of its conversion of 1,300 shares of Series C Preferred Shares into 14,300,000 shares of Common Stock of the Company. After these conversions, GV still holds 1,900 Series C Preferred Shares.

On or around April 14, Financier notified the Company of its intention to convert $12,390 of its note to 6,883,333 common shares. On or around April 17, Financier notified the Company of its intention to convert $11,000 of its note to 5,500,000 common shares. On or around April 23, Financier notified the Company of its intention to convert $11,700 of its note to 10,636,364 common shares. After these conversions, the note balance due Financier is zero.

Effective April 4, 2014, the Company filed with the State of Nevada a Certificate of Amendment to Articles of Incorporation changing the Company’s number of authorized shares to 600,000,000.

On May 13, 2014, the Company signed an agreement with a third-party financier (“Counterparty”) where Counterparty agreed to purchase the Rasel note for consideration of its face value plus accrued interest ($147,625) in two roughly equal installments. The resultant note carries interest at 8%, and is convertible to freely-trading stock with no holding period. The conversion price will be at a 42% discount to the lowest closing price bid during the prior 10-day trading sessions.