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Subsequent Events
3 Months Ended
Sep. 30, 2014
Subsequent Events  
Subsequent Events

8.     SUBSEQUENT EVENTS

 

Management has evaluated subsequent events according to the requirements of ASC TOPIC 855, and has reported the following events:

 

On October 1, 2014, October 16, 2014 and October 31, 2014, the Company received advances in the amounts of $30,000, $40,000 and $40,000, respectively, on the September 2014 Note.

 

On October 14, 2014, the March 2013 Note holder converted $17,000 of the $83,000 outstanding balance of the March 2013 Note, including accrued interest of $2,645, into 4,911,370 shares of common stock.