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Note 7 - Stockholders' Equity
9 Months Ended
Sep. 30, 2015
Notes  
Note 7 - Stockholders' Equity

NOTE 7 - STOCKHOLDERS’ EQUITY

 

The Company is authorized to issue an aggregate of 3,000,000,000 common shares with a par value of $0.0001 per share and 1,000,000 shares of preferred stock with a par value of $0.001 per share. No preferred shares have been issued.

 

On January 12, 2015, the Company agreed to issue 221,340,000 shares of common stock valued at $177,072 to consultants as stock-based compensation for development, implementation and maintenance of sound business strategies. The services are valued based on the closing price of the Company's common stock on the date of the agreement exchanged for the services.

 

From January 1 to September 30, 2015, the Company elected to convert $31,932 of principal and interest of a convertible note due to The Cellular Connection Ltd. into 319,320,000 shares of common stock of the Company at a fixed conversion price of $0.0001 per share.

 

On April 30, 2015, the Company elected to convert $14,688 of principal and interest of a convertible note due to Doug Clark into 73,437,515 shares of common stock of the Company at a fixed conversion price of $0.0002 per share.

 

On June 15, 2015, the Company agreed to issue 200,000,000 shares of common stock valued at $60,000 to consultants as stock-based compensation for development, implementation and maintenance of sound business strategies. The services are valued based on the closing price of the Company's common stock on the date of the agreement.

 

On June 15, 2015, the Company agreed to issue 50,000,000 shares of common stock valued at $15,000 to Nadav Elituv, the Chief Executive Officer of the Company, as stock-based compensation for salary. The salary is valued based on the closing price of the Company's common stock on the date of the agreement.

 

On August 31, 2015, the Company agreed to issue 50,000,000 shares of common stock valued at $5,000 to consultants as stock-based compensation for development, implementation and maintenance of sound business strategies.