SUBSEQUENT EVENTS
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6 Months Ended |
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Jun. 30, 2014
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Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS |
NOTE 11 SUBSEQUENT EVENTS
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 and has determined that no material subsequent events exist other than noted below.
On July 1, 2014, the Board of Directors approved a consulting agreement with Namford Enterprises. The terms of the agreement required the Company to issue 1,111,617 shares of common stock as compensation for the agreed upon services. The shares were valued at $0.37 for a total non-cash expense of $411,298 to be amortized over the six month term of the contract.
On July 10, 2014, the Company sold 135,140 shares to an investor for total cash proceeds of $50,000. |