Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

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Subsequent Events
6 Months Ended
Jun. 30, 2017
Subsequent Events [Abstract]  
Subsequent Events

Note 8 – Subsequent Events

 

Subsequent to June 30, 2017, an aggregate of 576,000 shares of restricted common stock were issued for services.

 

Subsequent to June 30, 2017, the Company issued 5,175,121 shares of its restricted common stock and 5,175,121 warrants pursuant to a Private Placement Memorandum and private offerings for $100,000

 

Subsequent to June 30, 2017, an aggregate of 10,275,649 shares of restricted common stock were issued on the conversion of $141,000 of principal and $4,200 of accrued interest pursuant to one Variable Note.

 

Subsequent to June 30, 2017, an aggregate of 12,500 shares of restricted common stock were issued pursuant to a leak out agreement.

 

Subsequent to June 30, 2017, the Company received $217,500 of funding in connection with $228,750 of convertible notes issued.

 

Subsequent to June 30, 2017, an aggregate of 1,800,000 shares of restricted common stock were issued pursuant to a 2016 debt settlement agreement that is included in accounts payable and accrued expenses which had a balance of $76,050 at June 30, 2017. (WHAT IS THIS)

 

Subsequent to June 30, 2017, The Corporation made an offer to certain consultants offering the right to convert up to $220,000 of deferred compensation to three-year stock options, with a cashless exercise feature and an exercise price of $0.0216 per share where for each option the consultant receives, $0.0216 of accrued compensation shall be relinquished by the consultant. This offer shall expire on August 30, 2017

 

Subsequent to June 30, 2017, The Board of Directors of the Company issued an additional 4,000 shares of Series AA Super Voting Preferred Stock to an officer and director of the Company.

 

As a result of these issuances the total number of shares outstanding is 262,009,141.