v2.4.1.9
Common Stock
12 Months Ended
Dec. 31, 2014
Equity [Abstract]  
Common Stock

NOTE 14 – COMMON STOCK

 

On January 13, 2014 the Company filed with the Nevada Secretary of State a Certificate of Amendment to Articles of Incorporation. The Certificate of Amendment increased the number of authorized shares of common stock from 250 million to 2 billion. On September 12, 2014 the Company filed with the Nevada Secretary of State a Certificate of Amendment to Articles of Incorporation. The Certificate of Amendment increased the number of authorized shares of common stock from 2 billion to 4.2 billion. There were 2,948,694,586 shares issued and outstanding as of December 31, 2014. The activity surrounding the issuances of the Common Stock is as follows:

 

During the year ended December 31, 2014 the Company issued 1,870,277,969 shares in conversion of notes payable of $912,132, 2,500,000 shares for cash of $2,500, 50,000,000 shares of its common stock to Angie Daza under the MOU (see Note 1), and 850,000,000 shares of its common stock pursuant to the Share Exchange Agreements (see Note 6).

 

During the year ended December 31, 2013 the Company issued 105,992,647 shares of common stock of that 5,164,621 shares were issued as payment for accounts payables at an average price of $0.08 per share, 5,124,498 shares were issued at an average price of $0.07 per share as payment for services valued at $370.531 and subscriptions payable of $71,431, and 95,703,528 shares were issued in conversion of notes payable of $138,270. As of December 31, 2014, we had $120,438 of common stock to be issued, and subscription payable of $181,074.