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Organization and Nature of Business
12 Months Ended
Dec. 31, 2014
Organization And Nature Of Business [Abstract]  
Organization and Nature of Business

Note 1 - Organization and Nature of Business

 

Gopher Protocol, Inc., (f/k/a Forex International Trading Corp.) (the "Company", "we", "us", "our" or "Gopher") was incorporated on July 22, 2009, under the laws of the State of Nevada and is headquartered in Perris, California. On September 9, 2009, the Company filed a Form S-1 Registration Statement to provide for the registration of securities under the Securities Act of 1933. Currently and going forward the company is a consumer heuristic technology platform that connects consumers with the products or services they need. In the past it had been principally engaged in offering consulting for foreign currency market trading to non-US resident clients, professionals and retail clients

 

On May 1, 2014, the Company stock was moved from OTCQB to OTC Pink Sheets due to the new OTCQB $.01 closing bid price requirement. From May1, 2014 to July 18, 2014, the Company stock traded both on OTCBB and on OTC Pink Sheets. On July 18, 2014, the last broker quoting the Company stock on the OTCBB had removed their quote, resulting in the company no longer trading on OTCBB from that date.

 

On August 13, 2014, the Company filed a definitive Information Statement Pursuant to Section 14 (c) of the Securities Exchange Act of 1934 for the following purposes:

 

  The amendment (the “Amendment”) to the Company’s Articles of Incorporation, as amended (the “Articles of Incorporation”) to increase the Company’s authorized Common Stock from 400,000,000 shares to 2,000,000,000 shares, par value $0.00001 
  The amendment Articles of Incorporation to effect up to a one-for-ten thousand (1-10,000) reverse stock split of the Company’s Common Stock (the “Reverse Split”)

 

In September of 2014, the Company filed an amended Certificate of Incorporation with the Secretary of State of Nevada to increase the authorized shares to 2,000,000,000 shares. In October of 2014, the Company implemented a 1-5,000 reverse split, with no fractional shares allowed.

 

In February of 2015, the Company filed Articles of Merger (the “Articles”) with the Secretary of the State of Nevada to effectuate a name change. The Articles were filed to effectuate a merger between Gopher Protocol, Inc., a Nevada corporation and a wholly owned subsidiary of Forex International Trading Corp., with Forex International Trading Corp. being the surviving entity. As a result, the Company’s name changed from “Forex International Trading Corp.” to “Gopher Protocol, Inc.”