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11. SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2012
Subsequent Events [Abstract]  
11. SUBSEQUENT EVENTS

During the first quarter of 2013, the company issued 277,552 shares of common stock valued at $156,339 in order to convert debt of $44,600.

 

On January 9, 2013 the Board of Directors adopted a resolution to enter into a securities purchase agreement in connection with the issuance of an 8% Convertible Note of the Company in the aggregate principal amount of $12,500, convertible into share of common stock, no par value per share, of the Company. The Company also executed an irrevocable letter agreement with Worldwide Stock Transfer, LLC, the Company’s transfer agent, with respect to the reserve of shares of common stock of the Company to be issued upon any conversion of the above Note.

 

On June 11, 2013 the Board of Directors adopted a resolution to enter into a securities purchase agreement in connection with the issuance of an 8% Convertible Note of the Company in the aggregate principal amount of $53,000, convertible into share of common stock, no par value per share, of the Company. The Company also executed an irrevocable letter agreement with Worldwide Stock Transfer, LLC, the Company’s transfer agent, with respect to the reserve of shares of common stock of the Company to be issued upon any conversion of the above Note.

 

On August 7, 2013 the Board of Directors adopted a resolution to enter into a securities purchase agreement in connection with the issuance of an 8% Convertible Note of the Company in the aggregate principal amount of $6,000, convertible into share of common stock, no par value per share, of the Company. The Company also executed an irrevocable letter agreement with Worldwide Stock Transfer, LLC, the Company’s transfer agent, with respect to the reserve of shares of common stock of the Company to be issued upon any conversion of the above Note.