STOCKHOLDERS' EQUITY (DEFICIT)
|9 Months Ended|
Sep. 30, 2015
|Notes to Financial Statements|
|STOCKHOLDERS' EQUITY (DEFICIT)||
NOTE 11 STOCKHOLDERS EQUITY (DEFICIT)
During the nine months ended September 30, 2015, the Company issued 45,500 shares of common stock for services to service providers. The shares were valued at $0.317 per share for a total non-cash expense of $14,424. 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 nine months ended September 30, 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.