Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

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Subsequent Events
3 Months Ended
Mar. 31, 2018
Subsequent Events [Abstract]  
Subsequent Events

Note 10 – Subsequent Events

 

Subsequent to March 31, 2018, an aggregate of 9,514,704 shares of restricted common stock were issued on the conversion of $170,000 of principal and $18,045 of accrued interest pursuant to one Variable Note.

 

Subsequent to March 31, 2018, the Company received $250,000 of funding in connection with a $283,000 convertible note due on October 3, 2018 bearing interest at a rate of 12%. In addition, the Company issued 3,387,534 common shares that are refundable as long as the Company does not default under the terms of the note.

 

Subsequent to March 31, 2018, the Company received $70,000 of cash from the issuance of 70 shares of Preferred C Stock and issued two-year warrants for the exercise up to 387,085 shares of common stock with exercise prices ranging from $0.0344 to $0.0381related thereto.

 

Subsequent to March 31, 2018, the Company issued a two-year warrant exercisable into up to 163,044 at an exercise price of $0.0368 for the extension of the maturity date on one note.

 

As a result of these issuances the total number of common shares outstanding is 350,860,300, Preferred B shares outstanding is 1,350 and Preferred C shares outstanding is 830