NOTE 3 - PRIVATE PLACEMENT OF EQUITY

12 Months Ended

Dec. 31, 2013

Equity [Abstract]

NOTE 3 - PRIVATE PLACEMENT OF EQUITY

NOTE 3 - PRIVATE PLACEMENTS OF EQUITY

During the year ended December 31, 2013, the Company sold 875,000 common shares for a cash investment of $87,500. The company received $10,000 for stock issued in 2012 and recorded as subscription receivable.

During the year ended December 30, 2013, the Company issued 1,500,000 common shares for a cash investment of $150,000 which was received in 2012. The shares were not issued as of December 31, 2012, and were recorded as common stock subscribed but not yet issued at December 31, 2012. 

During the year ended December 31, 2013, the Company raised $120,000 with the exercise of warrants covering 800,000 shares of its common stock at a price of $0.15 per share.

During the year ended December 31, 2013, 100,000 stock options were exercised at a price of $0.11 per share for cash proceeds of $11,000.

During the year ended December 31, 2013, the Company issued an aggregate of 9,482,146 shares of common stock as payment for services rendered with an aggregate value of $3,151,714, $12,609 of which was recorded as deferred compensation as of December 31, 2013.

During the year ended December 31, 2012, the Company sold 3,200,000 common shares for a cash investment of $307,000. $10,000 from the 4^th quarter financing was not received until 2013 and 1,500,000 shares were subscribed but not yet issued at December 31, 2012.

During the year ended December 31, 2012, the Company issued an aggregate of 2,575,925 shares of common stock as payment for services rendered with an aggregate value of $374,184, $12,500 of which was deferred and performed in the first quarter in 2013. The Company also issued an aggregate of 525,000 shares of common stock for services rendered in prior years.

During the year ended December 31, 2012, the Company raised $7,500 with the exercise of options covering 150,000 shares of its common stock at a price of $0.05 per share.