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Note 12 - Issuance of Stock: Issuance of Stock Policy (Policies)
9 Months Ended
Sep. 30, 2013
Policies  
Issuance of Stock Policy

Over the 9 month period ending September 30, 2013 the following common stock was issued:

 

Number of Shares

Par Value

Additional Paid-In Capital

Balance at January 1, 2013

184,912,000

$1,849

$186,525

Issuance of stock against conversions of debt

494,623,413

4,946

537,628

Used towards the purchase of Top Sail Productions, LLC (see Note 1)

5,000,000

50

14,950

Used to compensate financial consultant

50,000,000

500

91,500

Total issued and outstanding September 30, 2013

734,535,413

7,345

830,603

Gain on change in fair market value of derivative liabilities on debt conversions during the period ending September 30, 2013

0

0

2,055,258

Balance at September 30, 2013

734,535,413

$7,345

$2,885,861

 

Subsequent to September 30, 2013, the Company issued additional common shares totaling 266,937,022 through November 14, 2013 for a total of issued and outstanding of 1,001,472,435 at November 14, 2013. All of these subsequent issuances related to debt conversions and interest thereon.