Stockholders' Equity | The following provides information for the shares of restricted and unregistered shares of common stock that we issued (or cancelled) from January 1, 2016 through the date of this report: In January 2016 we issued 500,000 shares of restricted and unregistered shares of common stock for cash proceed of $15,000. In January 2016 we issued a total of 2,500,000 shares of restricted and unregistered shares of common stock as compensation to our officers, valued at $142,250. In February 2016, a convertible note holder converted $4,275 of principal for 250,000 shares of the Companys common stock. In February 2016, a convertible note holder converted $58,482, total principal and interest for 3,744,015 of the Companys common stock. In February 2016 we issued 75,000 shares of restricted and unregistered shares of common stock to a Director for services totaling $7,410. In February 2016 we entered in a $50,000 web development services agreement that included the issuance of 603,449 shares of restricted and unregistered shares of common stock for website development services totaling $34,879. In February 2016 we issued 100,000 shares of restricted and unregistered shares of common stock for consulting services totaling $5,690. In February 2016 we issued 150,000 shares of restricted and unregistered shares of common stock for consulting services totaling $8,535. In February 2016 we issued 35,000 shares of restricted and unregistered shares of common stock for consulting services totaling $1,992. In February 2016 we issued 2,898,551 shares of restricted and unregistered shares of common stock for cash totaling $100,000. In February 2016 we obtained a $250,000 promissory note with a 15% interest rate due on June 2016 and this transaction also included issuance of 100,000 shares of restricted and unregistered shares of common stock as in incentive totaling $9,880. In February 2016 we issued 1,428,575 shares of restricted and unregistered shares of common stock as a $59,000 payment for a $209,000 balance owed to one of our service providers. In February 2016 we issued 340,136 shares of restricted and unregistered shares of common stock for cash totaling $25,000. In February 2016 we issued 136,054 shares of restricted and unregistered shares of common stock for cash totaling $10,000. In March 2016, a convertible note holder converted $5,000 of principal and $202 of interest for 193,010 of the Companys common stock. In March 2016, a convertible note holder converted $9,000 of principal and $414 of interest for 570,560 shares of the Companys common stock. In March 2016, a convertible note holder converted $5,400 of principal for 300,000 shares of the Companys common stock. In March 2016, we issued 450,000 shares of restricted and unregistered common stock to 3 directors for services rendered totaling $36,000. Warrants During the period ended March 31, 2016 we issued warrants to certain investors as part of the private placements of our restricted and unregistered common stock. The following table presents a summary of our warrant activity: As of March 31, 2016 Shares Weighted Average Weighted Aggregate Outstanding, December 31, 2015 3,871,591 0.37 2.52 $ Warrants granted Warrants exercised Warrants expired, cancelled, forfeited Outstanding and exercisable at March 31, 2016 3,871,591 0.37 2.52 $ As of March 31, 2016 and December 31, 2015 all outstanding warrants were fully vested. Of the outstanding warrants, 862,500 are contingently exercisable only in the event that other equity-linked instruments are exercised. Options In August 2015, outstanding options and warrants with an aggregate fair value of $493,161 were reclassified from equity to derivative liability. As of March 31, 2016 and 2015 the Company had 568,162 stock options outstanding. During the periods presented there were no options granted, exercised, cancelled, or forfeited, correspondingly, no additional compensation expense was recognized for the periods presented. All options outstanding are exercisable and do not have any intrinsic value as of March 31, 2016 and 2015 and are set to expire in October of 2017. At March 31, 2016 the weighted average exercise price of the outstanding options was $6.60 with a weighted average remaining term of 1.59 years. |