NOTE 10 – STOCKHOLDERS’ EQUITY (DEFICIT)

During the three months ended March 31, 2015, the Company issued 4,000 shares of common stock for services to a service provider. The shares were valued at $0.317 per share for a total non-cash expense of $1,268. Fair market value for the shares was determined by taking the average share price for each cash-for-stock purchase in the prior period.

During the three months ended March 31, 2015, the Company converted loans due to a creditor totaling $298,000 into 1,655,555 shares of common stock. The shares were valued at $0.317 which was determined using the average of the most recent stock sales for cash.