Indoor Harvest Corp Just Filed Its Quarterly Report: NOTE 9 - SUBSEQUENT...

NOTE 9 - SUBSEQUENT EVENTS

 

Subsequent to September 30, 2016, the Company converted debt and accrued interest, totaling $100,000 into 1,278,220 shares of common stock.

 

October 11, 2016, the Company issued 89,928 shares of Common Stock to a consultant for services rendered having a fair value of $19,784 ($0.22/share) based upon the most recent trading price per share of the Company's stock.

 

October 17, 2016, the Company issued 9,800 shares of Common Stock to a consultant for services rendered having a fair value of $2,940 ($0.30/share) based upon the most recent trading price per share of the Company's stock.

 

On October 19, 2016 the Company entered into a securities purchase agreement with Firstfire Global Opportunities Fund, LLC, relating to the issuance and sale of a note of $137,500 in aggregate principal amount including $125,000 actual payment of purchase price, plus a 10% original issue discount.

 

On October 20, 2016, we issued 20,820 shares of Common Stock related to a Director Agreement with John Zimmerman. The Company recorded fair value of $11,035 ($0.53/share) based upon the most recent trading price per share of the Company's stock.

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

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