SUBSEQUENT EVENTS

9 Months Ended

Jun. 30, 2015

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 9 - SUBSEQUENT EVENTS

On July 7, 2015 the Board of Directions passed a motion to transfer the intellectual property of the Psychic Friends Network to Marc Lasky in lieu of $17,000 in accrued compensation.

On July 10, 2015 the Company entered into a convertible note with a 10% Original Issue Discount (OID). The note bears no interest for the first three months and the OID is prorated thereafter. The note matures on a rolling two years from the date of funding and the total face value to be funded is $150,000 ($135,000 cash plus $15,000 OID) with the initial $25,000 being funded upon closing of the note and the balance in subsequent tranches. The note is convertible at the lesser $0.002 or 60% of the lowest trade price in the 25 trading days previous to the conversion.

On July 10, 2015 the Company entered into a convertible note with a third party with an OID of $4,092 or 12% and a face value of $34,100. The note matures on May 28, 2016 and is convertible into share of the Company's common stock at $0.001 par value. The note contains a default interest rate of 20% per annum. This is the second draw on the $600,000 financing agreement disclosed in Note 5.

On July 13, 2015 hired a Director of Business Development. The director will receive 2.5% of the diluted shares of the Company payable in two equal notes with the first being due July 21, 2015. The consulting agreement with the director is to raise $10 million in financing. The Company agreed to pay the consultant 8% cash and 8% in warrants on the equity lines of credit and 3% cash and no warrants on straight debt capital raised. The agreement contains a retainer with two phases: 1) selling the public vehicle and exclusive license, and 2) selling the public vehicle all of Code2Action's intellectual property and assets. The third party shall be issued 2.5% of the post closing fully-diluted capitalization of the Company. As of the issuance date of these financials, the Company owed 5,383,484 shares pursuant to this retainer.

On July 17, 2015 the Company entered into a convertible debt financing agreement with a third party financer. The agreement consists of an initial $31,500 in funding as well as $31,500 in 'back-end' funding for a total face value of $63,000 which is collateralized and matured March 17, 2016. The note bears an 8% interest rate and has a 30 day prepayment penalty of 118% to 148% of the notes face value plus interest. The principal and interest are convertible into common shares at a 50% discount to the lowest previous 20 day trading price. The note matures on July 17, 2016.

On July 27, 2015 a convertible note holder converted $5,220 into 10,000,000 shares of common stock at a price of $0.000522 per share.

On August 7, 2015 the Company entered into a convertible note with a 10% OID with a face value of $30,250. The principal and interest are convertible into common shares at a 50% discount to the lowest previous 20 day trading price. The note matures on August 7, 2016. The note stipulates a total of $110,000 in funding (with a $121,000 face value) issuable in $27,500 tranches within 120 days of the execution of the agreement. 

During August - December, 2015 the Company issued seven convertible debentures to third parties for a total of $172,500 all carrying a 12% interest rate and convertible into common shares at the lesser of $3,000,000 or a 50% discount to market based on the average 5 lowest closing prices of the preceding 20 trading days.

On November 10, 2015 the Company added a member to its advisory board issuing 360,000 stock options as compensation vesting in 24 months.

The Company has evaluated events subsequent to the balance sheet date through the issuance date of these financial statements in accordance with FASB ASC 855 and has determined there are no other events that would require adjustment to, or disclosure in, the financial statements.