COMMON STOCK

6 Months Ended

Jun. 30, 2018

Common Stock

COMMON STOCK

12. COMMON STOCK

During the six month period ended June 30, 2018, the Company issued 2,000,000 shares of common stock for a legal settlement. The shares were issued at a value of $0.12 per share or for a total value of $240,000. In addition, the Company issued 1,597,971 shares for the conversion of a promissory note of $50,000 and accrued interest of $1,231. The stock was issued at a value of $0.03 per share. The Company relied on Section 4(a)(1) of the Securities Act of 1933, as amended, as the exemption from registration under the Act. The Company authorized the increase in the number of common shares available to one billion common shares as described within Note 14.

During the six month period ended June 30, 2017, no stock was sold or issued.