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SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2018
SUBSEQUENT EVENTS  
NOTE 10 - SUBSEQUENT EVENTS

On January 9, 2019, Steven A. Cantor resigned as Chairman of the Board, and Deborah Robinson resigned as one of its directors and Chief Marketing Officer. Mike Zaman was appointed to Chairman of the Board. Management has evaluated subsequent events as of the date of the Consolidated Financial Statements and has determined that all events are disclosed herein.

 

During 2019 company issued an additional total of 229,377 shares of common shares, subsequent to December 31, 2018, which are broken down as follows:

 

116,000 shares were issued for cash proceeds of $58,000 and 113,377 shares were issued for the conversions of notes payable $56,688

 

All notes with the exception of Munti Consulting, LLC have 10% annual interest, due within one year and are convertible at $0.50 per share.

 

Notes converted were as follows:

 

Five notes from OCHC, LLC on August 21, 2018 for $631, October 2, 2018 for $631, October 24, 2018 for $631, November 16, 2018 for $631 and December 4, 2018 for $631. Shares issued were 1,263, 1,263, 1,263, 1,263 and 1,263, respectively. The notes were converted within the terms of the agreement.

 

Three notes from Chris Knudsen on July 7, 2017 for $630.77, August 8, 2017 for $200 and September 18, 2017 for $200. Shares issued were 1,262,400 and 400, respectively.

 

One note from Kevin Wiltz on November 27, 2017 for $1,500 which 3,000 shares were issued. The notes were converted within the terms of the agreement.

 

Two notes from Richard W. LeAndro on December 5, 2017 for $3,000 and January 4, 2018 for $3,000. Shares issued were 6,000 and 6,000, respectively. The notes were converted within the terms of the agreement.

 

Two notes from Munti Consulting, LLC on October 2, 2018 for $35,000 and December 19, 2018 for $10,000. Shares issued were 70,000 and 20,000, respectively. The notes were converted within the terms of the agreement.

 

Sales of Company stock subsequent to December 31, 2018:

 

On January 23, 2019 and February 25, 2019, Richard W. LeAndro purchased $2,000 for 4,000 shares and $3,000 for 6,000 shares, respectively.

 

On April 23, 2019, Glen J. Rineer purchased $3,000 for 6,000 shares of Company stock.

 

On April 30, 2019, May 31, 2019, July 1, 2019, August 1, 2019 and September 3, 2019 Munti Consulting, LLC purchased $10,000 for each month , respectively for a total purchase of $50,000 for 100,000 shares of Company stock.

 

On May 10, 2019, Brian D. Colvin resigned as director and Vice President, as well as Arnulfo Saucedo-Bardan resigned as director and Chief Operating Officer. Montse Zaman appointed Chief Operating Officer as she maintains her Secretary/Treasurer position.

 

Management has evaluated subsequent events as of the date of the Consolidated Financial Statements and has determined that all events are disclosed herein.