Annual report pursuant to Section 13 and 15(d)

SUBSEQUENT EVENTS

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SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2017
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 12 – SUBSEQUENT EVENTS

 

Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855, from the balance sheet date through the date the financial statement were issued, and has determined that no material subsequent events exist.

  

On December 14, 2017, the Board approved a 1 for 30 reverse stock split. The split was approved by FINRA and effective February 20, 2018. All shares throughout these financial statements have been retroactively adjusted to reflect the reverse split. 

 

On February 26, 2018, the Board approved the issuance of 117,282,442 to its officers and directors for services rendered at a price per share of $0.00027.

 

On February 26, 2018, the Board approved the issuance of 30,300,000 to various service providers at a price per share of $0.00027.

 

On March 1, 2018, per the terms of the August 4, 2017, settlement and general release agreement with Carwash, LLC, the Company issued warrants to purchase 666,666 shares of common stock. The warrants are being issued on a post reverse basis at an exercise price of $1.05 per shares for a period of five years.