Note 17 – Subsequent Events
The Company has evaluated subsequent events occurring after the balance sheet date and has identified the following:
During December 2014 through February 2015, the Company:
Received $20,000 in proceeds and issued 4,000 shares of Series B Preferred stock.
Received $120,000 in proceeds and issued 24,000 shares of Series C Preferred stock and 1,200,000 one to two year common stock warrants with an exercise price of $0.01 and 1,000,000 one year common stock warrants of RealBiz with an exercise price of $0.01.
Received $2,500 in proceeds upon the exercise of 50,000 common stock warrants and issued 50,000 shares of common stock.
Received $5,000 in proceeds as in anticipation of the issuance of 1,000 Series C Preferred shares issued on March 9, 2015.
Received $25,000 in proceeds from a related party investor and the Company issued a 15 day bridge loan agreement with an annual interest rate of 6% due on or before December 19, 2014. The loan was paid on January 30, 2015.
The Company’s litigation with Twelfth Child Entertainment (see Note 14) resulted in Twelfth Child being granted an arbitration award during February 2015. However, the Company is continuing to negotiate a settlement that would set aside this award.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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