SUBSEQUENT EVENTS
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9 Months Ended |
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Sep. 30, 2014
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Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS |
NOTE 11 SUBSEQUENT EVENTS
On October 8, 2014, the Company executed a promissory note with an investor for an additional $50,000, The Company then converted this loan, in addition to the $112,000 in loans already outstanding into 980,000 shares of common stock.
On October 20, 2014, the Company executed a promissory note with an investor for $69,000. The note bears interest at 3% and matures in six months. This loan was converted into 363,158 shares of common stock.
On October 15, 2014, the Company sold 10,000 shares of common stock for cash proceeds of $3,000.
On October 15, 2014, the Companys Board of Directors approved the issuance of 37,000 shares of common stock toa third party in order to extend, for one year, its agreement for a product.
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 above. |