5. Equity Transactions | 9 Months Ended |
Sep. 30, 2014 |
Stockholders' Equity (Deficit) | ' |
5. Equity Transactions | ' |
On February 28, 2014, the Company entered into settlement agreements with note holders with a total principal balance of $1,141,740 and accrued interest of $558,168 via the issuance of 22,834,800 shares of common stock. |
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On March 4, 2014, the Company entered into settlement agreements with three previous service providers in which a total of $578,730 of previously accrued expenses was converted to 11,574,600 shares of common stock. |
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On April 1, 2014, the Company entered into a settlement agreement with a note holder with a principal balance of $25,000 and accrued interest of $24,523 via the issuance of 990,460 shares of common stock. |
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On May 15, 2014, the Company entered into a settlement agreement with a related party holding a note payable with a principal balance of $8,750,000 and accrued interest of $716,769 via the issuance of 189,335,380 shares of common stock. |
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On May 29, 2014, the Company issued 5,735,840 shares of common stock for cash totaling $28,680. |
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On May 31, 2014, the Company entered into a settlement agreement with a note holder with a principal balance of $250,000 and accrued interest of $125,295 via the issuance of 7,505,900 shares of common stock. |
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On June 6, 2014, the Company issued 50,000,000 shares of common stock for cash totaling $250,000. |
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On June 13, 2014, the Company issued a total of 100,691,195 shares of common stock for consulting fees valued at $13,517 and conversion inducement consideration of $489,939. |
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On June 25, 2014, the Company issued a total of 123,000,000 shares of common stock for consulting fees valued at $615,000. On the same date, the Company issued 95,374,930 shares of common stock to its sole officer and Director for compensation totaling $476,875. The Company also issued, on June 25, 2014, 5,000,000 shares of common stock for prepaid legal fees totaling $25,000. |
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On September 2, 2014, the Company issued 50,000,000 shares of common stock for cash totaling $250,000. |
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On September 4, 2014, the Company issued a total of 150,000,000 shares of common stock for consulting fees valued at $750,000. |