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NOTE 13 - SUBSEQUENT EVENT
12 Months Ended
Dec. 31, 2015
Subsequent Events [Abstract]  
NOTE 13 - SUBSEQUENT EVENT

NOTE 13 - SUBSEQUENT EVENT 

The company received an additional $56,500 in January and February under the Convertible Debenture signed on October 30, 2015 with the face amount of $405,000.

 

We issued promissory notes in the amount of $140,000 during January and February of 2016.The promissory notes carry a 6% annual interest rate and are payable upon the earlier of (a) 12 months from the date of the promissory note or (b) the Company reaching a settlement(s) on a patent infringement claim(s) and receiving an aggregate of at least $2 million net proceeds from such settlement(s). 

 

The convertible debt holder converted $125,000 worth of debentures for 11,271,666 shares of common stock during the first quarter of 2016.