Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.5.0.2
Subsequent Events
6 Months Ended
Jun. 30, 2016
Subsequent Events [Abstract]  
Subsequent Events

11. SUBSEQUENT EVENTS

 

On July 8, 2016, the Company issued 70,000 shares of its common stock with a grant date value of $49,700 for a legal retainer.

 

On July 8, 2016, the Company issued 95,000 shares of its common stock with a grant date value of $114,000 as settlement of debt.

 

On July 20, 2016, the Company issued 50,000 shares of its common stock with a grant date value of $30,000 to an individual as incentive compensation.

 

On July 24, 2016, the Company issued 214,404 shares of its common stock with a grant date value of $6,217 to a law firm for a legal settlement.

 

On July 27, 2016, the Company issued 75,000 shares of its common stock with a grant date value of $45,000 as incentive compensation.

 

On July 28, 2016, the Company issued 20,000 shares of its common stock with a grant date value of $12,000 to an individual as incentive compensation.

 

On August 5, 2016, the Company issued 100,000 shares of its common stock with a grant date value of $5,000 to an individual for services performed for the Company.

 

The common shares issued as described above were not registered under the Securities Act of 1933, as amended (the “Securities Act”) in reliance upon the exemption from registration provided by Section 4(2) of that Act and Regulation D promulgated thereunder, which exempts transactions by an issuer not involving any public offering. These securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. Certificates representing these securities contain a legend stating the same.