Note 15 - Stockholders' Equity (deficit) | NOTE 13—STOCKHOLDERS’ EQUITY (DEFICIT) Preferred Stock On July 29, 2016, we filed an Amendment to the Articles of Incorporation Designating Rights, Privileges, and Preferences of Series A Preferred Stock with the Nevada Secretary of State respecting 1,515,000 shares of Series A Preferred Stock. The Series A Preferred Stock ranks equal to our common stock respecting the payment of dividends and distribution of assets upon liquidation, dissolution, or winding up. Each share is entitled to 50 votes, voting with the common stock as a single class. No shares of preferred stock are issued and outstanding. Common Stock On February 2, 2017, we sold 36,000,000 shares of common stock to Kodiak Capital Group LLC for total cash proceeds of $148,680. During the three months ended March 31, 2017, we issued 100,000 shares of common stock for services. The shares were valued at the closing stock price on the date of grant, for a total noncash expense of $625. The following table reflects the amounts of principal, interest, and fees converted, and the corresponding number of shares issued, in connection with outstanding convertible promissory notes during the three months ended March 31, 2017: Date Note Holder Shares Issued Amount 01/03/2017 EMA Financial LLC 17,400,000 $ 17,400.00 01/04/2017 EMA Financial LLC 19,200,000 19,200.00 01/05/2017 Adar Bays LLC 18,637,742 14,444.25 01/05/2017 Black Forest Capital LLC 10,000,000 7,750.00 01/06/2017 EMA Financial LLC 21,704,000 21,704.00 01/11/2017 Black Forest Capital LLC 15,000,000 11,625.00 01/13/2017 Black Forest Capital LLC 20,000,000 15,500.00 01/13/2017 EMA Financial LLC 24,556,110 24,556.11 01/13/2017 Microcap Equity Group LLC 22,851,306 17,138.48 01/17/2017 Black Forest Capital LLC 22,000,000 17,050.00 01/17/2017 Microcap Equity Group LLC 13,148,693 9861.52 01/17/2017 Tangiers Investment Group LLC 21,569,061 15,044.42 01/18/2017 Black Forest Capital LLC 22,500,000 17,437.50 01/18/2017 Kodiak Capital Group LLC 52,000,000 20,800.00 01/19/2017 Black Forest Capital LLC 11,939,846 9,253.38 01/19/2017 Kodiak Capital Group LLC 65,000,000 26,000.00 01/20/2017 Auctus Fund LLC 32,760,000 20,311.20 01/20/2017 Colonial Stock Transfer 13,289,051 8,970.11 01/24/2017 Kodiak Capital Group LLC 77,000,000 30,800.00 01/30/2017 Auctus Fund LLC 42,700,000 17,080.00 02/13/2017 Kodiak Capital Group LLC 24,716,275 9,886.51 02/13/2017 Kodiak Capital Group LLC 48,000,000 19,200.00 02/15/2017 Auctus Fund LLC 45,207,264 30,741 661,179,348 $401,753.48 | NOTE 15 STOCKHOLDERS EQUITY (DEFICIT) Common Stock On February 9, 2015, we issued 1,250 shares of common stock per the terms of the licensing agreement with Loyl.Me LLC. The shares were valued at $40.00 per share, the closing stock price on the date of grant, for total noncash stock compensation expense of $50,000 . On April 10, 2015, we issued 281 shares of common stock per the terms of the licensing agreement with Loyl.Me. The shares were valued at $29.36 per share, the closing stock price on the date of grant, for total noncash stock compensation expense of $8,250 . On July 10, 2015, we issued 1,202 shares of common stock per the terms of the licensing agreement with Loyl.Me. The shares were valued at $20.80 per share, the closing stock price on the date of grant, for total noncash stock compensation expense of $25,000 . On October 10, 2015, we authorized the issuance of 3,882 shares of common stock per the terms of the licensing agreement with Loyl.Me. The shares were valued at $6.44 per share, the closing stock price on the date of grant, for total noncash stock compensation expense of $25,000 . Pursuant to our November 10, 2015, agreement, on January 14, 2016, we issued 500,000 shares of our common stock in exchange for 10 million shares of MHB, Inc. The shares were valued at $5.80 per share, the closing stock price on the date of grant, for a total of $2,900,000 . On December 22, 2016, On January 14, 2016, we granted 2,500 shares of common stock to the successor-in-interest to Loyl.Me LLC, in connection with an amendment to the license agreement. The shares were valued at $5.60 per share, the closing stock price on the date of grant, for a total noncash expense of $14,000 . On February 8, 2016, we issued 1,250 shares of common stock in consideration for accounting services rendered. The shares were valued at $5.00 per share, the closing stock price on the date of grant, for a total noncash expense of $6,250 . On February 11, 2016, we issued 3,125 shares of common stock in consideration for consulting services rendered. The shares were valued at $5.00 per share, the closing stock price on the date of grant, for a total noncash expense of $15,625 . On March 31, 2016, we entered into an Agreement of Termination, Compromise, Settlement and Mutual Release of Claims, with LuvBuds, LLC, Brett Harris, and Tag Distributing LLC, to resolve, compromise, settle, and dispose of and any and all disputes and claims that existed or may exist among the parties. Pursuant to the terms of the agreement, Mr. Harris retained the stock grant for 15,000 shares of common stock. The shares were valued at $4.40 per share, the closing stock price on the date of grant, for a total noncash expense of $66,000 . On May 23, 2016, we entered into Amendment No. 1 to 10% Convertible Promissory Note to amend the terms of the 10% Convertible Promissory Note dated November 18, 2015, with an accredited investor. In consideration of the investors agreement not to submit a notice of conversion prior to June 10, 2016, we issued a grant of restricted stock of 5,000 shares of common stock to it. The shares were valued at $1.20 per share, the closing stock price on the date of grant, for a total noncash expense of $6,000 . On July 27, 2016, we entered into a Share Exchange Agreement with an entity owned by one of our directors to exchange 75,750 (1,515,000 shares of our pre-reverse-split common stock) for 1,515,000 shares of our Series A Preferred Stock. As provided in the terms of the Series A Preferred Stock, on October 17, 2016, the effective date of our recapitalization, the Series A Preferred Stock was automatically converted into 75,750 shares of common stock. On August 10, 2016, pursuant to an Advisory Engagement Agreement, we issued to an employee a grant of restricted stock for 12,500 shares of our common stock, to vest over 12 months in accordance with the schedule set forth in the stock grant. On August 11, 2016, we issued 6,250 shares of common stock in consideration for consulting services rendered. The shares were valued at $2.10 per share, the closing stock price on the date of grant, for a total noncash expense of $13,125 . During the fourth quarter of 2016 we issued 1,953,125 shares of common stock for services. The shares were valued at the closing stock price on the date of grant, for a total noncash expense of $5,431 . The following table reflects the amounts of principal, interest, and fees converted, and the corresponding number of shares issued, in connection with outstanding convertible promissory notes during the year ended December 31, 2016: Date Note Holder Price Shares Issued Amount Converted 04/29/2016 Blackbridge Capital $ 1.38 16,667 $ 25,000.00 05/03/2016 EMA Financial LLC 1.50 3,500 5,250.00 05/19/2016 Blackbridge Capital, LLC 0.02 6,061 (1) 05/27/2016 Blackbridge Capital, LLC 0.02 102,273 (1) 05/27/2016 EMA Financial LLC 0.12 50,000 5,500.00 06/03/2016 Black Forest Capital. LLC 0.20 50,000 10,000.00 06/06/2016 Auctus Fund, LLC 0.22 54,703 12,034.30 06/08/2016 Blackbridge Capital, LLC 0.08 100,000 10,000.00 06/08/2016 EMA Financial LLC 0.06 63,630 3,744.63 06/09/2016 EMA Financial LLC 0.04 74,330 2,861.69 06/09/2016 Tangiers Investment Group, LLC 0.08 135,065 10,400.00 06/10/2016 Auctus Fund 0.08 53,370 4,109.67 06/10/2016 Black Forest Capital. LLC 0.06 71,429 5,000.00 06/10/2016 Blackbridge Capital, LLC 0.06 142,857 10,000.00 06/13/2016 EMA Financial LLC 0.02 100,331 2,207.27 06/14/2016 Blackbridge Capital, LLC 0.02 81,818 (2) 06/14/2016 Tangiers Investment Group, LLC 0.06 184,298 11,150.00 06/15/2016 Black Forest Capital. LLC 0.06 90,909 5,000.00 06/16/2016 Tangiers Investment Group, LLC 0.04 55,632 2,509.00 06/17/2016 Black Forest Capital. LLC 0.04 122,500 5,022.50 06/17/2016 Blackbridge Capital, LLC 0.02 101,045 (3) 06/20/2016 Adar Bays LLC 0.04 107,692 4,415.39 06/20/2016 Blackbridge Capital, LLC 0.02 62,084 (2) 06/21/2016 Black Forest Capital. LLC 0.04 122,500 5,022.50 06/22/2016 Black Forest Capital. LLC 0.04 135,000 5,535.00 06/27/2016 Blackbridge Capital, LLC 0.04 12,195 500.00 07/08/2016 Adar Bays LLC 0.04 75,000 3,075.00 07/15/2016 Kodiak Capital Group LLC 0.02 158,183 3,717.00 10/07/2016 Kodiak Capital Group LLC 0.007 163,044 1,222.82 10/17/2016 Auctus Fund LLC 0.000 166,039 2,374.35 10/18/2016 EMA Financial LLC 0.005 179,800 934.60 10/19/2016 Black Forest Capital, LLC 0.013 174,000 2,262.00 10/20/2016 Black Forest Capital, LLC 0.013 190,770 2,480.00 10/21/2016 Black Forest Capital, LLC 0.013 210,000 2,730.00 10/21/2016 Auctus Fund LLC 0.014 174,170 2,490.63 10/21/2016 EMA Financial LLC 0.005 216,450 1,125.54 10/24/2016 Microcap Equity Group LLC 0.013 174,153 2,264.00 10/24/2016 Black Forest Capital, LLC 0.013 239,000 3,107.00 10/24/2016 Microcap Equity Group LLC 0.013 239,230 3,110.00 10/25/2016 Auctus Fund LLC 0.010 239,600 2,491.84 10/26/2016 Colonial Stock Transfer 0.012 205,128 2,400.00 10/26/2016 Black Forest Capital, LLC 0.013 259,000 3,367.00 10/26/2016 Microcap Equity Group LLC 0.013 260,153 3,382.00 10/27/2016 Adar Bays LLC 0.020 250,000 5,000.00 10/27/2016 Auctus Fund LLC 0.010 284,100 2,954.64 10/27/2016 EMA Financial LLC 0.005 293,300 1,525.16 10/27/2016 Microcap Equity Group LLC 0.013 260,153 3,382.00 10/31/2016 Black Forest Capital, LLC 0.013 311,285 4,000.00 10/31/2016 Adar Bays LLC 0.012 342,412 4,400.00 10/31/2016 Microcap Equity Group LLC 0.012 373,913 4,300.00 10/31/2016 Kodiak Capital Group LLC 0.000 171,000 64.12 10/31/2016 EMA Financial LLC 0.005 429,213 1,974.38 11/01/2016 Auctus Fund LLC 0.009 374,500 3,445.40 11/01/2016 Adar Bays LLC 0.011 373,913 4,300.00 11/01/2016 Microcap Equity Group LLC 0.012 414,956 4,772.00 11/02/2016 Adar Bays LLC 0.011 469,565 5,400.00 11/02/2016 EMA Financial LLC 0.004 530,500 2,153.83 11/03/2016 Black Forest Capital, LLC 0.011 370,000 3,977.50 11/03/2016 Auctus Fund LLC 0.008 374,500 3,040.94 11/03/2016 Tangiers Investment Group LLC 0.0091 1,028,681 9,397.00 11/04/2016 Microcap Equity Group LLC 0.010 512,315 5,200.00 11/04/2016 Kodiak Capital Group LLC 0.000 824,694 309.26 11/04/2016 Tangiers Investment Group, LLC 0.005 1,381,761 6,591.00 11/07/2016 Adar Bays LLC 0.010 465,116 5,000.00 11/07/2016 Adar Bays LLC 0.005 462,264 2,450.00 11/07/2016 Adar Bays LLC 0.003 664,528 3,522.00 11/08/2016 Microcap Equity Group LLC 0.000 497,767 (1) 11/08/2016 Black Forest Capital, LLC 0.003 690,000 3,657.10 11/08/2016 Adar Bays LLC 0.0053 274,151 1,203.00 11/08/2016 EMA Financial LLC 0.002 895,500 1,898.46 11/09/2016 Auctus Fund LLC 0.005 867,000 4022.88 11/09/2016 Tangiers Investment Group LLC 0.0048 1,736,268 8,282.00 11/09/2016 Adar Bays LLC 0.005 513,585 2,722.00 11/09/2106 Black Forest Capital, LLC 0.005 301,436 1,597.61 11/10/2016 Microcap Equity Group LLC 0.0053 866,037 4,590.00 11/10/2016 Adar Bays LLC 0.0053 1,028,113 5,449.00 11/11/2016 Black Forest Capital, LLC 0.0029 930,000 2,650.50 11/11/2016 Microcap Equity Group LLC 0.0028 744,489 2,121.79 11/11/2016 Tangiers Investment Group LLC 0.0026 2,502,534 6,419.00 11/14/2016 EMA Financial LLC 0.001 2,752,000 2,752.00 11/14/2016 Adar Bays LLC 0.0029 1,198,596 3,416.00 11/15/2016 Auctus Fund LLC 0.0017 1,450,000 2,436.00 11/15/2016 Black Forest Capital LLC 0.0021 1,450,000 3,045.00 11/15/2016 Adar Bays LLC 0.0021 1,458,452 3,062.75 11/21/2016 Black Forest Capital LLC 0.0015 1,870,000 2,805.00 11/22/2016 Tangiers Investment Group LLC 0.0013 3,749,630 5,062.00 11/22/2016 Microcap Equity Group LLC 0.0015 1,333,333 2,000.00 11/23/2016 EMA Financial LLC 0.001 4,888,000 4,888.00 11/23/2016 Black Forest Capital LLC 0.0015 1,950,000 2,925.00 11/23/2016 Adar Bays LLC 0.0014 1,873,074 2,528.65 11/28/2016 Adar Bays LLC 0.0014 2,220,000 2,997.00 11/28/2016 Black Forest Capital LLC 0.0013 1,950,000 2,437.50 11/29/2016 Tangiers Investment Group LLC 0.0011 5,314,667 5,979.00 11/29/2016 EMA Financial LLC 0.0005 6,089,500 6,089.50 11/29/2016 Adar Bays LLC 0.0011 2,654,222 2,986.00 11/29/2016 Adar Bays LLC 0.0011 2,862,222 3,220.00 11/30/2016 Black Forest Capital LLC 0.0013 2,640,000 3,300.00 11/30/2016 Adar Bays LLC 0.0011 3,706,667 4,170.00 12/01/2016 Black Forest Capital LLC 0.0013 3,103,992 3,900.48 12/01/2016 Adar Bays LLC 0.0011 3,642,978 4,098.35 12/01/2016 Auctus Fund LLC 0.0010 3,564,000 3,564.00 12/05/2016 EMA Financial LLC 0.0010 9,993,000 9,993.00 12/05/2016 Black Forest Capital LLC 0.0011 4,500,000 4,950.00 12/05/2016 Adar Bays LLC 0.0011 3,641,755 4,005.93 12/05/2016 Microcap Equity Group LLC 0.0011 3,636,363 4,000.00 12/05/2016 Tangiers Investment Group LLC 0.0010 9,085,859 8,995.00 12/07/2016 Auctus Fund LLC 0.0009 3,564,000 3,136.32 12/07/2016 EMA Financial LLC 0.001 13,380,000 13,380.00 12/07/2016 Black Forest Capital LLC 0.0011 6,000,000 6,600.00 12/09/2016 Black Forest Capital LLC 0.0011 7,000,000 7,700.00 12/12/2016 Auctus Fund LLC 0.0016 4,535,000 3,990.80 12/13/2016 Black Forest Capital LLC 0.0011 7,100,000 7,810.00 12/13/2016 Auctus Fund LLC 0.0008 7,790,000 6,543.60 12/14/2016 EMA Financial LLC 0.0004 10,940,250 10,940.25 12/15/2016 Black Forest Capital LLC 0.0008 8,500,000 6,800.00 12/16/2016 Auctus Fund LLC 0.0006 8,241,688 5,274.68 12/19/2016 Microcap Equity Group LLC 0.0008 7,500,000 6,000.00 12/20/2016 Black Forest Capital LLC 0.0008 8,487,500 6,790.00 12/21/2016 Adar Bays LLC 0.0008 8,750,000 7,000.00 12/21/2016 EMA Financial LLC 0.001 10,632,000 10,632.00 12/22/2016 Black Forest Capital LLC 0.0008 7,800,000 6,240.00 12/27/2016 EMA Financial LLCs 0.001 12,470,000 12,470.00 12/27/2016 Adar Bays LLC 0.0016 11,677,419 9,050.00 12/28/2016 Microcap Equity Group LLC 0.0008 9,333,333 7,000.00 12/28/2016 Adar Bays LLC 0.0008 12,076,129 9,359.00 12/28/2016 Adar Bays LLC 0.0008 13,281,290 10,293.00 12/28/2016 Black Forest Capital LLC 0.0008 7,452,710 5,775.85 12/28/2016 EMA Financial LLC 0.001 13,714,000 13,714.00 12/29/2016 Adar Bays LLC 0.008 16,069,355 12,453.75 12/30/2016 Adar Bays LLC 0.008 16,000,000 12,000.00 353,106,142 _______________ (1) Additional shares issued for the April 29, 2016, conversion. (2) Additional shares issued for the June 8, 2016, conversion. (3) Additional shares issued for the June 10, 2016, conversion. Preferred Stock On July 29, 2016, we filed an Amendment to the Articles of Incorporation Designating Rights, Privileges, and Preferences of Series A Preferred Stock with the Nevada Secretary of State respecting 1,515,000 shares of Series A Preferred Stock. The Series A Preferred Stock ranks equal to our common stock respecting the payment of dividends and distribution of assets upon liquidation, dissolution, or winding up. Each share is entitled to 50 votes, voting with the common stock as a single class. On July 27, 2016, we entered into a Share Exchange Agreement to exchange 1,515,000 pre-reverse-split shares of our common stock owned by an entity owned by one of our directors for 1,515,000 shares of our Series A Preferred Stock. As provided in the terms of the Series A Preferred Stock, upon October 17, 2016, the effective date of our recapitalization, the Series A Preferred Stock was automatically converted into 75,750 shares of common stock. |