NOTE 10 – SUBSEQUENT EVENTS
On April 13, 2016 the Company issued 1,000,000 shares of Common Stock of the Company to a consultant in consideration for corporate finance, investor communications and financial and investor public relations services. The consulting agreement provides for the issuance of an additional 1,000,000 shares of common stock as a service bonus if the agreement is not terminated prior to June 9, 2016. The Company has estimated the fair value of su ch shares, and recorded an expense of $72,733.
On April 13, 2016, we issued an aggregate of 875,000 shares of Common Stock to a consultant, pursuant to consulting agreements dated September 1, 2015 and March 1, 2016, in consideration for investor relations and communications services. The Company has estimated the fair value of such shares, and recorded an expense of $42,467.
On May 18, 2016, a 1.5-year warrant to purchase shares of Common Stock, dated May 4, 2015, was exercised into 700,000 shares of common stock at an exercise price of $0.058 per share, for total consideration of $40,600.
On June 2, 2016 the Company issued 13,930,742 shares of Common Stock in consideration of $145,526 that were received in December 2015 to finance a portion of the acquisitions of one hundred percent (100%) of the SPVs.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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