NOTE 8 – STOCKHOLDERS’ EQUITY (DEFICIT)

During the period ended June 30, 2013, the Company issued 406,000 common shares for total cash proceeds of $103,000.

During the period ended June 30, 2013, the Company issued 500,000 shares of common stock for services. The shares were valued at $0.50 per share for a total expense of $250,000. Fair market value for the shares was determined by taking the average share price for each cash-for-stock purchase in the period.

During the period ended June 30, 2013, the Company issued 165,180 shares of common stock for accrued rent, current period rent expense and prepaid rent (see Note 6).