NOTE 6 - DEBT DISCOUNT

12 Months Ended

Dec. 31, 2015

Note 6 - Debt Discount

NOTE 6 - DEBT DISCOUNT

NOTE 6 - DEBT DISCOUNT

The debt discount was recorded in 2016 and 2015 and pertains to convertible debt issued that contains ratchet features that are required to be reported at fair value.

Debt discount is summarized as follows:  

Discount roll-forward	Discount
Payable		21,000
Discount during 2016		341,050
Amortization of debt discount during 2016		(362,050	)
Discount as of 12-31-2016		—

Amortization of debt discount on notes payable for the year ended December 31, 2016 and December 31, 2015 was $362,050 and $144,322, respectively.