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NOTE 3 - PRIVATE PLACEMENTS OF EQUITY
6 Months Ended
Jun. 30, 2015
Equity [Abstract]  
NOTE 3 - PRIVATE PLACEMENTS OF EQUITY

 

NOTE 3 - PRIVATE PLACEMENTS OF EQUITY

 

During the six months ended June 30, 2015, the company issued 15,608,696 common shares to the Class C Note holders in order to terminate the litigation between us, terminate all agreements between us, cancel all warrants we have previously issued to them as well as the outstanding balance of the Class C Notes. In order to have sufficient shares to deliver, we implemented the previously authorized amendment to our certificate of incorporation and increased our authorized common stock to one hundred fifty million shares.

 

During the six months ended June 30, 2015, the Company issued an aggregate of 536,000 shares of common stock as payment for services rendered with an additional 268,000 shares subscribed but not yet issued for services rendered, an aggregate value of $80,400

  

During the six months ended June 30, 2014, the Company issued 2,830,973 common shares by converting $374,375 of the convertible notes payable into common stock.

 

During the six months ended June 30, 2014, the Company issued an aggregate of 450,000 shares of common stock as payment for services rendered with an aggregate value of $63,300. The Company also recognized stock issued for services in the amount of $12,609 for stocks issued in year 2013 but amortized in this period.

 

During the six months ended June 30, 2014, the Company issued 63,526 shares to an officer of the company as payment for an accrued expense in the amount of $9,625.