Subsequent Events |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2015 | |||
| Subsequent Events [Abstract] | |||
| Subsequent Events |
Between January 1, 2016 and the date of this filing, GreenShift paid a total of $379,574 to all but three of the YAGI Assignees (see Note 9, Debt Obligations, above), in settlement of about $2,914,000 in debt elimination, and a gain on extinguishment of debt of $2,551,613.
On April 23, 2016, the Company entered in to two release agreements pursuant to which the Company and the associated creditors agreed to fully satisfy $413,252 in obligations plus related accrued interest in exchange for $15,000 in cash and 200,000,000 shares of the Companys common stock. |