Subsequent Events

3 Months Ended

Mar. 31, 2014

Note 8. Subsequent Events

On April 3, 2014, the Company acquired 100% of the issued and outstanding capital stock of Medite Enterprises, Inc. and its wholly owned subsidiaries (“Medite”)and issued in consideration 1,468,750,000 of the Company’s common stock to the shareholders of Medite. Also, the Company issued 69,723,439 shares of common stock as payment for approximately $1.6 million in accrued wages owed by the Company.

Concurrent with the closing of the acquisition of Medite, the Company had an initial closing of the a private placement of the Company’s common stock. Pursuant to the Securities Purchase Agreement the Company issued 95,587,500 shares of common stock to accredited investors at an aggregate gross purchase price of $1,529,400. In conjunction with the issuance of the common stock, the Company paid cash commissions of $46,298, or 7%, to a placement agent.

Subsequent to the closing, the Company raised additional gross proceeds of $100,000 under the Private Placement.