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(11) Subsequent Events
6 Months Ended
Jun. 30, 2013
Notes  
(11) Subsequent Events

(11)     Subsequent Events

 

The Company has evaluated events subsequent to June 30, 2013, pursuant to ASC Topic 855 to include the following:

 

In July 2013, the Company issued Securities Transfer agreements totaling $140,000 to three note holders and transferring four convertible debentures.

 

In July 2013, the Company issued 57,827,516 shares of stock related to conversions of notes for various securities purchase agreements.

 

In August 2013, the Company issued 21,791,894 shares of stock related to conversions of notes for various securities purchase agreements.

 

In July 2013, the Company issued 65,200,000 shares of stock to related parties for consulting and contract services.

 

On July 19, 2013 the Company issued 5,000,000 shares of stock as compensation for a one year consulting agreement, and a two-year consulting contract payable in cash based on an 8% consulting fee for financing for the Company.

 

In July 2013, the Company received $79,000 in shareholder advances.

 

On July 1, 2013 the Company issued a nine month $35,000 convertible note bearing a 10% interest rate with payments of $7,500 per month and a variable conversion price.

 

On July 11, 2013 the Company issued a $21,500 convertible note bearing a 12% interest rate with a one-year term and variable conversion price.

 

On July 11, 2013 the Company issued a $50,000 promissory note bearing a 12% interest rate with a one-year term and variable conversion price.

 

On July 23, 2013 the Company issued a $62,000 one- year convertible note bearing an 8% interest rate with a variable conversion price.

 

On July 26, 2013 the Company issued a $78,500 one- year convertible note bearing an 8% interest rate with a variable conversion price.

 

On July 31, 2013 the Company increased its authorized shares to 710,000,000 including 700,000,000 common shares at .0025 par value and 10,000,000 preferred shares at .0001 par value.