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Note 17 - Subsequent Events
12 Months Ended
Dec. 31, 2015
Notes  
Note 17 - Subsequent Events

Note 17 – Subsequent Events

 

Subsequent to December 31. 2015, we issued a total of 25,285,602 shares of our common stock for conversion of debt principal of $39,000 and accrued interest payable of $1,355.

 

Subsequent to December 31, 2015, we received total proceeds of $260,000 from convertible debentures.

 

Subsequent to December 31, 2015, we received net proceeds of $98,727 from short-term notes payable.

 

Effective January 1, 2016, we cancelled 20,000 shares of Series AA Preferred Stock upon the resignation of a Director.

 

On March 3, 2016, the holders with the power to vote more than a majority of the outstanding common stock of the Company approved an amendment to the Company's Articles of Incorporation to effect the authorized share increase in our common stock from 500,000,000 shares to two billion (2,000,000,000) shares of common stock. The amendment became effective on April 8, 2016.

 

On March 3, 2016, the name of the Company was changed from One World Holdings, Inc. to Tonner-One World Holdings, Inc.

 

On January 20, 2016, the Company created Tonner-One World, Inc. (“TOW”), a wholly owned subsidiary, for the purpose of taking initial steps to begin production of dolls under the combined Tonner-One World name.