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Note 8. Subsequent Events
3 Months Ended
Mar. 31, 2015
Notes  
Note 8. Subsequent Events

NOTE 8.                      SUBSEQUENT EVENTS

 

On April 10, 2015, the Company borrowed $200,000 from each of its two major stockholders.  The promissory notes bear interest at 5% per annum and are due on March 31, 2016.  Any or all of the promissory notes may be converted to shares of common stock.  Such conversion may not occur until the Company has raised $1,000,000 in gross proceeds from one or a series of equity offerings.  The conversion price will be equal to 80% of the price paid by investors in the financing for identical securities.