Note 10: Preferred Stock and Common Stock | Note 10: PREFERRED STOCK AND Common Stock The Stockholders Equity section of the Company contains the following class of Common and Preferred Stock (par value $0.0001) as of: December 31, 2016 Authorized: 400,000,000 preferred shares, Series A 1 preferred share, Series B 12,000,000,000 common shares Issued and outstanding: 72,800,920 preferred shares, Series A 1 preferred share, Series B 1,492,558,483 common shares On January 12, 2016, the Board of Directors authorized the issuance of 72,800,920 shares of Series A Preferred Stock in lieu of payment of $310,131.92 deferred accrued Executive Compensation. The following compensation was paid to Keith White and Jeff Stockdale: Deferred Compensation Share Price (1) Number of Shares Keith White $130,065.96 $0.00426 30,531,915 Jeff Stockdale $180,065.96 $0.00426 42,269,005 Note 1 The accrued executive compensation was paid in the form of Series A Preferred shares because the utilization of common stock would have resulted in a deficit of unissued common shares reserved for various convertible notes. On January 5, 2016, the Company issued 7,704,762 common shares for partial note payable conversion at $0.0021 per share. On January 5, 2016, the Company issued 2,494,195 common shares for partial note payable and accrued interest conversion at $0.00189 per share. On January 6, 2016, the Company issued 4,389,474 common shares for partial note payable and accrued interest conversion at $0.0019 per share. On January 12, 2016, the Company issued 4,938,381 common shares for partial note payable and accrued interest conversion at $0.00165 per share. On January 20, 2016, the Company issued 7,472,496 common shares for partial note payable and accrued interest conversion at $0.00165 per share. On January 15, 2016, the Company issued 9,449,488 common shares for partial note payable and accrued interest conversion at $0.00122 per share. On January 29, 2016, the Company issued 9,649,712 common shares for partial note payable conversion at $0.00156 per share. On February 10, 2016, the Company issued 9,649,712 common shares for partial note payable conversion at $0.00132 per share. On February 11, 2016, the Company issued 7,197,534 common shares for partial note payable and accrued interest conversion at $0.001030 per share. On February 22, 2016, the Company issued 9,649,712 common shares for partial note payable conversion at $0.00108 per share. On March 1, 2016, the Company issued 9,649,712 common shares for partial note payable conversion at $0.00102 per share. On March 4, 2016, the Company issued 9,649,712 common shares for partial note payable conversion at $0.000974 per share. On March 7, 2016, the Company issued 9,564,864 common shares for partial note payable and accrued interest conversion at $0.000780 per share. On March 8, 2016, the Company issued 9,649,712 common shares for partial note payable conversion at $0.000974 per share. On March 16, 2016, the Company issued 14,137,311 common shares for partial note payable conversion at $0.000994 per share. On March 21, 2016, the Company issued 9,788,827 common shares for partial note payable and accrued interest conversion at $0.000770 per share. On March 23, 2016, the Company issued 14,137,311 common shares for partial note payable conversion at $0.000900 per share. On April 1, 2016, the Company issued 13,958,137 common shares for a partial note payable and accrued interest conversion at $0.00075 per share. On April 7, 2016, the Company issued 16,065,753 common shares for a partial note payable and accrued interest conversion at $0.00075 per share. On April 7, 2016, the Company entered into an updated and revised Securities Purchase Agreement and a Registration Rights Agreement with accredited investor, River North Equity, LLC. These two agreements replace the identically named agreements that we entered into with River North Equity, LLC on December 11, 2015. These agreements modified language in the Definitions section, updated information concerning our capital structure, our DWAC eligibility, financial information and other changes reflected in our Periodic Reports which we file with the Securities and Exchange Commission. Additionally, the Company has elected to register 90,000,000 common shares as stated in Note 7. On April 8, 2016, the Company issued 14,040,790 common shares for a partial note payable and accrued interest conversion at $0.00088 per share. On April 19, 2016, the Company issued 6,307,822 common shares for a partial note payable and accrued interest conversion at $0.0007927 per share. On April 25, 2016, the Company issued 16,877,589 common shares for a partial note payable and accrued interest conversion at $0.00067 per share. On May 2, 2016, the Company issued 15,264,929 common shares for a partial note payable and accrued interest conversion at $0.0007927 per share. On May 2, 2016, the Company issued 17,631,411 common shares for a partial note payable and accrued interest conversion at $0.00067 per share. On May 3, 2016, the Company issued 13,165,887 common shares for a partial note payable and accrued interest conversion at $0.0007927 per share. On May 3, 2016, the Company issued 20,185,029 common shares for a partial note payable and accrued interest conversion at $0.0007927 per share. On May 3, 2016 the Company received $37,100 on the back end convertible promissory note associated with Note E listed in Note 6 above, less an original issue discount (OID) of $2,100. The note matures on October 14, 2017 (the "Maturity Date") and to pay interest on the unpaid principal balance hereof at the rate of Eight (8%) percent. The Lender has the right to convert the outstanding principal and interest into common shares at its option, at any time. The conversion price will be variable and based on a 42% discount to the market price. The market price will be the average of the three lowest trading prices for the common stock during the fifteen prior trading days. On May 4, 2016, the Company issued 7,073,339 common shares for a partial note payable and accrued interest conversion at $0.0007927 per share. On May 4, 2016, the Company issued 14,886,459 common shares for a partial note payable and accrued interest conversion at $0.0007927 per share. On May 4, 2016, the Company issued 12,857,820 common shares for a partial note payable and accrued interest conversion at $0.000812 per share. On May 6, 2016, the Company issued 13,852,692 common shares for a partial note payable and accrued interest conversion at $0.000754 per share. On May 10, 2016, the Company issued 15,742,129 common shares for a partial note payable and accrued interest conversion at $0.0004447 per share. On May 12, 2016, the Company issued 18,288,768 common shares for a partial note payable and accrued interest conversion at $0.000406 per share. On May 12, 2016, the Company issued 19,704,433 common shares for a partial note payable and accrued interest conversion at $0.000406 per share. On May 17, 2016, the Company issued 21,551,724 common shares for a partial note payable and accrued interest conversion at $0.000232 per share. On May 18, 2016, the Company issued 27,413,793 common shares for a partial note payable and accrued interest conversion at $0.0001933 per share. On May 18, 2016, the Company issued 25,904,301 common shares for a partial note payable and accrued interest conversion at $0.0001700 per share. On May 25, 2016, the Company issued 25,985,753 common shares for a partial note payable and accrued interest conversion at $0.0001500 per share. On June 1, 2016, the Company issued 26,108,000 common shares for a partial note payable and accrued interest conversion at $0.0001500 per share. On June 10, 2016, the Company issued 26,130,205 common shares for a partial note payable and accrued interest conversion at $0.0001000 per share. On June 17, 2016, the Company issued 31,221,781 common shares for a partial note payable and accrued interest conversion at $0.0001000 per share. On June 27, 2016, the Company issued 32,518,767 common shares for a partial note payable and accrued interest conversion at $0.0001000 per share. On July 6, 2016, the Company issued 38,732,055 common shares for a partial note payable and accrued interest conversion at $0.0001 per share. On July 18, 2016, the Company issued 38,712,329 common shares for a partial note payable and accrued interest conversion at $0.0001 per share. On July 18, 2016, the Company received a $25,000 advance on the convertible promissory note associated with Note G listed in Note 6 above. On July 26, 2016, the Company issued 38,657,644 common shares for a partial note payable and accrued interest conversion at $0.0001 per share. On August 3, 2016, the Company issued 38,788,110 common shares for a partial note payable and accrued interest conversion at $0.0001 per share. On August 11, 2016, our investor and lender of the $900,000 and $250,000 convertible promissory notes (Footnote 6: Notes A and G) waived the "Reservation of Shares" requirement for a period of sixty (60) days. Due to our falling share price, we presently have insufficient authorized common stock capital to meet the "Reservation of Shares" requirements under both notes. The Company has increased the authorized shares to satisfy this requirement. On August 16, 2016, the Company issued 46,220,616 common shares for a partial note payable and accrued interest conversion at $0.0001 per share. On August 29, 2016, the Company issued 48,530,959 common shares for a partial note payable and accrued interest conversion at $0.0001 per share. On September 13, 2016, the Company filed a Certificate of Designation creating a Series B Preferred Share. Initially, the number of shares will be one (1) share, par value $10.00 per share. The Series B Preferred Stock will have continuing super voting rights which will always represent no less than Fifty-one (51%) percent of all the Companys voting capital stock. The share of Series B Preferred Stock will be issued to Keith White, at par value, who will vote from time to time in favor of increasing the common stock capital for the sole purpose of avoiding a default in any of the outstanding convertible promissory notes. On September 15, 2016, the Company issued 51,210,685 common shares for a partial note payable and accrued interest conversion at $0.0001 per share. On September 28, 2016, the Company issued 52,619,315 common shares for a partial note payable and accrued interest conversion at $0.0001 per share. Fourth quarter 2016, the Company issued 359,779,453 common shares for partial note payable and accrued interest conversion at $0.0001 to $0.00015 per share On November 30, 2016, the Company issued one preferred B share to an Executive for the sole purpose of increasing the Companys common shares at $10 par value On January 25, 2017, the Company amended its Certificate of Incorporation increasing its authorized common stock capital from Two Billion (2,000,000,000) common shares, par value $0.0001 per share, to Twelve Billion (12,000,000,000) common shares, par value $0.0001. The Four Hundred Million (400,000,000) preferred shares, par value $0.0001 remained unchanged. First quarter 2017, the Company issued 215,691,123 common shares for partial note payable and accrued interest conversion at $0.0001 per share In the second quarter 2017, the Company issued 534,226,054 common shares for partial note payable and accrued interest conversion at $0.0001 per share. In the third quarter of 2017, the Company issued no common shares for partial note payable and accrued interest conversion. September 30, 2017 Authorized: 400,000,000 preferred shares, Series A 1 preferred share, Series B 12,000,000,000 common shares Issued and outstanding: 72,800,920 preferred shares, Series A 1 preferred share, Series B 2,242,475,661 common shares |