NOTE 12 - COMMON AND PREFERRED STOCK TRANSACTIONS | 9 Months Ended |
Sep. 30, 2014 |
Equity [Abstract] | ' |
NOTE 12 - COMMON AND PREFERRED STOCK TRANSACTIONS | ' |
NOTE 12 - COMMON AND PREFERRED STOCK TRANSACTIONS |
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Preferred Stock |
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The Company is authorized to issue 200 preferred shares of $0.0001 par value. As of September 30, 2014 and December 31, 2013 the Company has 200 shares of preferred stock issued and outstanding. Although the preferred stock carries no dividend, distribution, liquidation or conversion rights, each share of preferred stock carries ten million (10,000,000) votes and holders of our preferred stock are able to vote together with our common stockholders on all matters. Consequently, the holder of our preferred stock is able to unilaterally control the election of our board of directors and, ultimately, the direction of our Company. |
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Common stock |
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The Company is authorized to issue 2,500,000,000 shares of $0.0001 par value of common stock. As of September 30, 2014 and December 31, 2013 the Company had 1,413,672,725 and 37,709,552 shares of common stock as issued and outstanding. |
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On January 13, 2014, the Company issued an aggregate of 2,859,067 shares of its common stock to certain consulting personnel for services provided. |
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On January 14, 2014, the Company converted into 1,660,026 shares of common stock, a portion of a loan originally received by the Company on March 21, 2012. |
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On January 16, 2014, the Company issued a promissory note in the original principal amount of $3,000 to a lender. The Note matures on July 16, 2014 and carries an interest rate of 8% per annum. |
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On January 22, 2014, the Company issued a Note in the original principal amount of $212,500. The Note carries an interest rate of 8% per annum. The Note shall at the maturity date, be due and payable in full unless converted partially or in its entirety upon the election of the lender into fully paid and non-assessable shares of Common Stock of the Company at a 40% discount to the average of the three lowest daily trading prices as reported on the OTCQB for the ten trading days previous to the conversion date. The net proceeds of the Note were used to redeem and retire two 8% convertible notes that were issued to Asher Enterprises, Inc. in the aggregate principal amount of $131,500. The Asher Notes were issued on July 19th, 2013 and August 26th, 2013. |
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On January 22, 2014, the Company issued a promissory note in the original principal amount of $5,000 to a lender. The Note matures on July 22, 2014 and carries an interest rate of 8% per annum. |
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On January 29, 2014, the Company converted into 1,166,667 shares of common stock, a portion of a loan originally received by the Company on March 21, 2012. |
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On January 30, 2014, the Company issued a promissory note in the original principal amount of $16,000 to a lender. The Note matures on January 30, 2015 and carries an interest rate of 8% per annum. The Note at the election of the lender is convertible into fully paid and non-assessable shares of Common Stock of the Company at a 40% discount from the lowest trading price in the five (5) days prior to the day that the Holder requests conversion. |
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On January 30, 2014, the Company issued a promissory note in the original principal amount of $78,500 to a lender. The Note matures on November 3, 2014 and carries an interest rate of 8% per annum. The Note shall at the maturity date, be due and payable in full unless converted partially or in its entirety upon the election of the lender into fully paid and non-assessable shares of Common Stock of the Company at a 40% discount to the average of the three lowest daily trading prices as reported on the OTCQB for the ten trading days previous to the conversion date. |
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On January 30, 2014, the Company issued a promissory note in the original principal amount of $11,209 to a lender. The Note matures on June 2, 2014 and carries an interest rate of 10% per annum. The Note at the election of the lender is convertible into fully paid and non-assessable shares of Common Stock of the Company at a 40% discount to the market. |
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On February 10, 2014, the Company converted into 1,237,624 shares of common stock, a portion of a loan originally received by the Company on March 21, 2012. |
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On February 18, 2014, the Company converted into 1,470,588 shares of common stock, a portion of a loan originally received by the Company on March 21, 2012. |
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On February 20, 2014, the Company recorded an additional $25,000 draw down and consideration in respect of a credit line and associated promissory note in the original principal amount of $300,000. The Maturity Date is two years from the effective date of each draw down. The Note carries an initial interest rate in the first 90 days of 0%, thereafter a one-time interest charge of 12% will apply. The Note shall at the Maturity Date, be due and payable in full unless converted partially or in its entirety upon the election of the lender into fully paid and non-assessable shares of Common Stock of the Company at 60% of the average of the two lowest trade prices in the 25 trading days previous to the conversion. |
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On March 3, 2014, the Company issued 1,000,000 shares of its common stock to a consultant of the Company for services provided. |
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On March 4, 2014, the Company converted into 2,083,333 shares of common stock, a portion of a loan originally received by the Company on March 21, 2012. |
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On March 5, 2014, the Company issued a promissory note in the original principal amount of $10,000 to a lender. The Note matures on September 5, 2014 and carries an interest rate of 8% per annum. The Note at the election of the lender is convertible into fully paid and non-assessable shares of Common Stock of the Company at a 40% discount to the average of the three lowest daily trading prices as reported on the OTCQB for the ten trading days previous to the conversion date. |
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On March 17, 2014, the Company converted into 2,210,884 shares of common stock, a portion of a loan originally received by the Company on March 21, 2012. |
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On March 21, 2014, the Company issued 1,200,000 shares of its common stock to a consultant of the Company for services provided. |
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On March 31, 2014, the Company converted into 2,529,762 shares of common stock, a portion of a loan originally received by the Company on March 21, 2012. |
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On April 1, 2014, the Company converted outstanding invoices of the Company into a promissory note in the original principal amount of $45,000 to a consultant of the Company. The Note is due upon demand, and carries an interest rate of 10% per annum. The Note at the election of the lender is convertible into fully paid and non-assessable shares of Common Stock of the Company at a 40% discount from the lowest trading price in the five (5) days prior to the day that the Holder requests conversion. |
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On April 1, 2014, the Company issued a promissory note in the original principal amounts of $25,000 to a consultant of the Company for services rendered. The Note carries an interest rate of 10% per annum, and at the election of the lender is convertible into fully paid and non-assessable shares of Common Stock of the Company at a conversion price of $0.005 per share. |
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On April 1, 2014, the Company issued a promissory note in the original principal amounts of $93,000 to a consultant of the Company for services rendered. The Note carries an interest rate of 10% per annum, and at the election of the lender is convertible into fully paid and non-assessable shares of Common Stock of the Company at a 25%discount to the average of the three lowest trading days in the ten trading days previous to the conversion. |
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On April 1, 2014, the Company converted into 744,048 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 1, 2013. |
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On April 1, 2014, the Company issued a promissory note in the original principal amount of $145,000 to a lender. The Note carries an interest rate of 8% per annum. The Note shall at the maturity date, be due and payable in full unless converted partially or in its entirety upon the election of the lender into fully paid and non-assessable shares of Common Stock of the Company at a 40% discount to the average of the three lowest daily trading prices as reported on the OTCQB for the ten trading days previous to the conversion date. |
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On April 1, 2014, the Company issued a promissory note in the original principal amount of $6,669 to a lender. The Note matures on May 1, 2014 and carries an interest rate of 10% per annum. The Note, at the election of the lender is convertible into fully paid and non-assessable shares of Common Stock of the Company at a 40%discount to the average of the three lowest trading days in the ten trading days previous to the conversion. |
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On April 1, 2014, the Company issued a promissory note in the original principal amount of $83,500 to a lender. The Note matures on January 2, 2015 and carries an interest rate of 8% per annum. The Note shall at the maturity date, be due and payable in full unless converted partially or in its entirety upon the election of the lender into fully paid and non-assessable shares of Common Stock of the Company at a 40% discount to the average of the three lowest daily trading prices as reported on the OTCQB for the ten trading days previous to the conversion date. |
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On April 3, 2014, the Company converted outstanding invoices of the Company into a promissory note in the original principal amount of $14,000 to a consultant of the Company. The Note is due upon demand, and carries an interest rate of 10% per annum. The Note at the election of the lender is convertible into fully paid and non-assessable shares of Common Stock of the Company at a 40% discount from the lowest trading price in the five (5) days prior to the day that the Holder requests conversion. |
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On April 7, 2014, the Company converted into 1,200,000 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 2, 2013. |
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On April 8, 2014, the Company converted into 1,070,205 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 1, 2013. |
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On April 9, 2014, the Company converted into 3,656,379 shares of common stock, a portion of a loan originally received by the Company on March 21, 2012. |
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On April 9, 2014, the Company issued a promissory note in the original principal amount of $2,679.16 to a lender. The Note matures on May 9, 2014 and carries an interest rate of 10% per annum. The Note, at the election of the lender is convertible into fully paid and non-assessable shares of Common Stock of the Company at a 40%discount to the average of the three lowest trading days in the ten trading days previous to the conversion. |
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On April 28, 2014, the Company converted into 2,400,000 shares of common stock, a portion of a loan originally received by the Company on October 14, 2013. |
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On May 2, 2014, the Company converted into 3,125,000 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 1, 2013. |
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On May 2, 2014, the Company converted into 2,500,000 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 2, 2013. |
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On May 6, 2014, the Company converted into 6,854,167 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 23, 2013. |
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On May 6, 2014, the Company converted into 3,125,000 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 1, 2013. |
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On May 7, 2014, the Company converted into 5,630,630 shares of common stock, a portion of a loan originally received by the Company on March 21, 2012. |
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On May 7, 2014, the Company converted into 3,400,000 shares of common stock, a portion of a loan originally received by the Company on October 14, 2013. |
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On May 7, 2014, the Company converted into 3,400,000 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 2, 2013. |
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On May 7, 2014, the Company converted into 995,833 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 23, 2013. |
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On May 8, 2014, the Company converted into 4,504,504 shares of common stock, a portion of a loan originally received by the Company on March 21, 2012. |
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On May 9, 2014, the Company converted into 5,000,000 shares of common stock, a portion of a loan originally received by the Company on October 14, 2013. |
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On May 9, 2014, the Company converted into 4,750,000 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 23, 2013. |
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On May 9, 2014, the Company converted into 3,500,000 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company in February, 2000. |
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On May 12, 2014, the Company issued 500,000 shares of its common stock to a director of the Company for services provided. |
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On May 13, 2014, the Company converted into 3,500,000 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 2, 2013. |
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On May 13, 2014, the Company issued 500,000 shares of restricted common stock to a consultant for services rendered. |
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On May 15, 2014, the Company converted into 9,615,384 shares of common stock, a portion of a loan originally received by the Company on March 21, 2012. |
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On May 16, 2014, the Company issued a promissory note in the original principal amount of $1,975 to a lender. The Note matures on November 16, 2014 and carries an interest rate of 8% per annum. The Note, at the election of the lender is convertible into fully paid and non-assessable shares of Common Stock of the Company at a 40%discount to the average of the three lowest trading days in the ten trading days previous to the conversion. |
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On May 19, 2014, the Company issued 500,000 shares of restricted common stock to a consultant for services rendered. |
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On May 21, 2014, the Company converted outstanding invoices of the Company into a promissory note in the original principal amount of $4,000 to a consultant of the Company. The Note is due upon demand, and carries an interest rate of 10% per annum. The Note at the election of the lender is convertible into fully paid and non-assessable shares of Common Stock of the Company at a 40% discount from the lowest trading price in the five (5) days prior to the day that the Holder requests conversion. |
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On May 22, 2014, the Company converted into 4,166,667 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 1, 2013. |
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On May 23, 2014, the Company converted into 3,505,263 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 23, 2013. |
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On May 13, 2014, the Company converted into 3,750,000 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 2, 2013. |
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On May 15, 2014, the Company converted into 9,567,901 shares of common stock, a portion of a loan originally received by the Company on March 21, 2012. |
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On May 29, 2014, the Company converted into 3,571,428 shares of common stock, a portion of a loan originally received by the Company on October 5, 2013. |
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On May 13, 2014, the Company converted into 5,044,270 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 2, 2013. |
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On May 30, 2014, the Company converted into 4,461,282 shares of common stock, a portion of a loan originally received by the Company on October 14, 2013. |
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On May 30, 2014, the Company converted into 1,050,410 shares of common stock, a loan originally received by the Company on August 13, 2013. |
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On June 3, 2014, the Company converted into 6,987,877 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 1, 2013. |
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On June 3, 2014, the Company converted into 16,025,641 shares of common stock, a portion of a loan originally received by the Company on March 21, 2012. |
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On May 19, 2014, the Company issued 2,000,000 shares of restricted common stock to a consultant for services rendered. |
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On June 11, 2014, the Company converted into 17,948,718 shares of common stock, a portion of a loan originally received by the Company on March 21, 2012. |
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On June 11, 2014, the Company converted into 8,000,000 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 2, 2013. |
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On June 12, 2014, the Company converted into 8,240,741 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 1, 2013. |
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On June 23, 2014, the Company converted into 18,055,556 shares of common stock, a portion of a loan originally received by the Company on March 21, 2012. |
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On June 26, 2014, the Company converted into 4,545,455 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 4, 2013. |
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On June 27, 2014, the Company converted into 6,437,879 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company in February, 2000. |
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On June 30, 2014, the Company issued a promissory note in the original principal amount of $1,928.50 to a lender. The Note matures on December 30, 2014 and carries an interest rate of 8% per annum. The Note, at the election of the lender is convertible into fully paid and non-assessable shares of Common Stock of the Company at a 40%discount to the average of the three lowest trading days in the ten trading days previous to the conversion. |
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On July 1, 2014, the Company converted outstanding invoices of the Company into a promissory note in the original principal amount of $45,000 to a consultant of the Company. The Note is due upon demand, and carries an interest rate of 10% per annum. The Note at the election of the lender is convertible into fully paid and non-assessable shares of Common Stock of the Company at a 40% discount from the lowest trading price in the five (5) days prior to the day that the Holder requests conversion. |
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On July 1, 2014, the Company issued a promissory note in the original principal amount of $5,000 to a lender. The Note is due upon demand, and carries an interest rate of 12% per annum. |
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On July 14, 2014, the Company converted into 24,057,318 shares of common stock, a portion of a loan originally received by the Company on March 21, 2012. |
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On July 14, 2014, the Company issued a promissory note in the original principal amount of $5,000 to a lender. The Note is due upon demand, and carries an interest rate of 12% per annum. |
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On July 14, 2014, the Company converted into 15,517,241 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company in February, 2000. |
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On July 15, 2014, the Company converted into 14,202,945 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 1, 2013. |
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On July 15, 2014, the Company converted into 14,291,666 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 1, 2013. |
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On July 17, 2014, the Company converted into 25,757,576 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on December 12, 2013. |
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On July 18, 2014, the Company converted into 8,400,000 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 2, 2013. |
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On July 22, 2014, the Company converted into 16,428,571 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 1, 2013. |
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On July 23, 2014, the Company converted into 13,047,619 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company in February, 2000. |
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On July 24, 2014, the Company converted into 21,323,529 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on December 12, 2013. |
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On July 24, 2014, the Company converted into 6,944,444 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on March 21, 2012. |
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On July 24, 2014, the Company converted into 10,401,348 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 2, 2013. |
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On July 30, 2014, the Company converted into 37,037,037 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on December 12, 2013. |
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On August 6, 2014, the Company converted into 21,851,852 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 1, 2013. |
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On August 6, 2014, the Company issued a promissory note in the original principal amount of $5,000 to a lender. The Note is due upon demand, and carries an interest rate of 12% per annum. |
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On August 6, 2014, the Company converted into 45,740,741 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on January 30, 2014. |
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On August 7, 2014, the Company issued a promissory note in the original principal amount of $1,569 to a lender. The Note is due upon demand, and carries an interest rate of 12% per annum. |
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On August 11, 2014, the Company converted into 26,812,500 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on December 12, 2013. |
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On August 11, 2014, the Company converted into 45,740,741 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on January 30, 2014. |
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On August 12, 2014, the Company converted into 15,131,579 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on March 5, 2013. |
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On August 13, 2014, the Company converted into 29,761,905 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 1, 2013. |
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On August 19, 2014, the Company converted into 16,666,667 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on January 30, 2014. |
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On August 20, 2014, the Company converted into 36,826,054 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on January 30, 2014. |
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On August 22, 2014, the Company converted into 24,888,889 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on January 30, 2014. |
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On August 22, 2014, the Company converted into 62,500,000 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on January 21, 2014. |
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On August 22, 2014, the Company converted into 52,729,500 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on January 30, 2014. |
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On August 25, 2014, the Company converted into 40,476,190 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 1, 2013. |
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On August 29, 2014, the Company issued a promissory note in the original principal amount of $7,000 to a lender. The Note matures on November 1, 2014 and carries an interest rate of 12% per annum. The Note, at the election of the lender is convertible into fully paid and non-assessable shares of Common Stock of the Company at a 40%discount to the average of the three lowest trading days in the ten trading days previous to the conversion. |
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On September 2, 2014, the Company converted into 30,833,333 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 5, 2013. |
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On September 10, 2014, the Company converted into 62,500,000 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on January 21, 2014. |
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On September 10, 2014, the Company converted into 76,923,077 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on January 21, 2014. |
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On September 17, 2014, the Company converted into 48,000,000 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 2, 2013. |
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On September 18, 2014, the Company converted into 53,720,027 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 1, 2013. |
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On September 18, 2014, the Company converted into 50,000,000 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 2, 2013. |
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On September 4, 2014, the Company issued a promissory note in the original principal amount of $6,000 to a lender. The Note is due upon demand, and carries an interest rate of 12% per annum. |
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On September 26, 2014, the Company converted into 95,000,000 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on January 21, 2014. |
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On September 30, 2014, the Company converted into 63,583,333 shares of common stock, a portion of a certain convertible promissory note originally issued by the Company on October 1, 2013. |