0001511164-14-000707.txt : 20141119 0001511164-14-000707.hdr.sgml : 20141119 20141119161830 ACCESSION NUMBER: 0001511164-14-000707 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20140930 FILED AS OF DATE: 20141119 DATE AS OF CHANGE: 20141119 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NUTRAFUELS INC CENTRAL INDEX KEY: 0001563463 STANDARD INDUSTRIAL CLASSIFICATION: DAIRY PRODUCTS [2020] IRS NUMBER: 461482900 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-55144 FILM NUMBER: 141235740 BUSINESS ADDRESS: STREET 1: 6601 LYONS ROAD CITY: L 6 COCONUT CREEK STATE: FL ZIP: 33073 BUSINESS PHONE: 888 509 8901 MAIL ADDRESS: STREET 1: 6601 LYONS ROAD CITY: L 6 COCONUT CREEK STATE: FL ZIP: 33073 FORMER COMPANY: FORMER CONFORMED NAME: NUTRAFUELS DATE OF NAME CHANGE: 20121203 10-Q/A 1 f10qforquarterended93014docx.htm FORM 10-Q/A Converted by EDGARwiz

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549


FORM 10-Q /A

Amendment No. 1

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934. 

For the Quarter Ended September 30, 2014

Commission File Number: 333-191407

 

NutraFuels, Inc.

(Exact name of registrant as specified in its charter)

 

Florida

 

46-1482900

(State or other jurisdiction of incorporation or organization)

 

(I.R.S. Employer Identification No.)

   

Edgar Ward

6601 Lyons Road, L-6

Coconut Creek, FL 33073

 (Address of principal executive offices)(Zip Code)

 

Telephone 888-509-8901

 (Registrant’s telephone number, including area code)

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter periods that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

 

Yes    No  

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

 

Yes    No


Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or smaller reporting company filer.  See definition of large accelerated filer, accelerated filer and smaller reporting company in rule 12b-2 of the Exchange Act.

 

 Large accelerated filer

 

Accelerated filer

 

Non-accelerated filer

(Do not check if a smaller reporting company)

 

Smaller reporting company

 


Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

 

Yes  No


As of November 14, 2014, the registrant had 22,222,114 shares of its common stock outstanding.



1



EXPLANATORY NOTE

NutraFuels, Inc. is filing this Amendment No. 1 to its Quarterly Report on Form 10-Q (“Form 10-Q”) for the quarter ending September 30, 2014,  filed with the  Securities & Exchange Commission on November 14, 2014, to provide its Form10-Qformatted in XBRL (Extensible Business Reporting Language). Except as set forth above, the Original Filing has not been amended, updated or otherwise modified.

 



2




TABLE OF CONTENTS

 

PART I- FINANCIAL INFORMATION

Page

Item 1

Financial Statements

4

Item 2

Management’s Discussion and Analysis of Financial Condition and Results of Operations

11

Item 3

Quantitative and Qualitative Disclosures About Market Risk

14

Item 4

Controls and Procedures

14

 

PART II-- OTHER INFORMATION

 

Item 1

Legal Proceedings

15

Item 1A

Risk Factors

15

Item 2

Unregistered Sales of Equity Securities and Use of Proceeds

15

Item 3

Defaults Upon Senior Securities

16

Item 4

Mine Safety Disclosures

16

Item 5

Other Information

16

Item 6

Exhibits

17

 SIGNATURES

 

18




3




PART I:  FINANCIAL INFORMATION


NutraFuels, Inc

Balance Sheets

(Unaudited)

ASSETS

 

 

 

 

September 30,

2014

 

December 31,

2013

 

 

 

 

 

 

 

 

Current Assets

 

 

 

 

 

 

Cash

 

 $                    27,055

 

 $             63,255

 

 

Accounts Receivable

 

12,503

 

10,068

 

 

Subscription Receivable

 

                                 -

 

25,000

 

 

Inventory

 

274,115

 

274,925

 

 

Total  Current Assets

 

313,673

 

373,247

 

 

 

 

 

 

 

 

Property, Plant and Equipment, net

 

 

 

 

 

of accumulated depreciation of $85,399 and $46,092, respectively

262,098

 

274,282

TOTAL ASSETS

 

 $                  575,771

 

 $           647,529

 

 

 

 

 

 

 

LIABILITIES AND SHAREHOLDERS'  DEFICIT

 

Current Liabilities

 

 

 

 

 

 

Accounts Payable

 

 $                    26,754

 

 $           109,707

 

 

Accrued Liabilities

 

103,886

 

41,099

 

 

Convertible Debt, net of discount of $282,350 and $87,177

437,650

 

262,823

 

 

Convertible Debt - Related Party

210,000

 

210,000

 

 

Notes Payable

 

25,000

 

                            -   

 

 

Notes Payable - Related Party

95,000

 

95,000

 

Total  Current Liabilities

 

 $                  898,290

 

 $           718,629

 

 

Commitments and Contingencies

 

 

 

 

 

Shareholders' Deficit

 

 

 

 

 

 

Preferred Stock: par value .0001; Authorized 10,000; issued

 

 

 

 

 

 and outstanding 1,000 and 10,000, respectively

                                  -

 

                            -

 

 

Common Stock: par value .0001; Authorized 500,000,000; issued

 

 

 

 

 

and outstanding 21,998,408 and 21,238,408, respectively

2,200

 

2,124

 

 

Additional Paid-In Capital

 

3,773,385

 

2,707,549

 

 

Retained Earnings

 

(4,098,104)

 

(2,780,773)

 

 

 

 

(322,519)

 

(71,100)

Total  Liabilities and Shareholders' Deficit

 $                  575,771

 

 $           647,529

The accompanying notes are an integral part of these unaudited financial statements.



4




NutraFuels, Inc.

STATEMENTS OF OPERATIONS

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended

September 30,

 

For the Nine Months Ended

September 30,

 

 

 

 

 

 

2014

 

2013

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

 

 

 

 

 $             5,337

 

 $       192,243

 

 $       53,247

 

 $       479,328

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Revenues

 

 

 

 

88,332

 

90,058

 

144,098

 

183,305

Gross Profit (loss)

 

 

 

 

(82,995)

 

102,185

 

(90,851)

 

296,023

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Expenses:

 

 

 

 

 

 

 

 

 

 

Advertising and Promotion

 

 

 

72,612

 

54,484

 

263,859

 

168,519

Administrative Salaries

 

 

 

48,500

 

59,221

 

132,500

 

125,289

Selling, General, and Administrative

 

 

180,022

 

571,429

 

542,144

 

  1,547,065

Depreciation Expense

 

 

 

13,135

 

           12,438

 

39,307

 

38,772

Total Operating Expenses

 

 

 

314,269

 

697,572

 

977,810

 

1,879,645

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expense)

 

 

 

 

 

 

 

 

 

 

Income from Indebtedness

 

 

 

 

 

7,956 

 

Interest Income

 

 

 

 

 

 

15 

 

Interest Expense

 

 

 

 

(102,621)

 

(7,239)

 

(256,641)

 

(34,461)

Net Loss

 

 

 

 

 

$

(499,884)

 

$

(602,626)

 

$

(1,317,331)

 

$

(1,618,083)

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Loss Per Common Share - Basic and Diluted

 

$

(0.02)

 

$

(0.03)

 

$

(0.06)

 

$

(0.09)

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted  Average Common Shares

Outstanding - Basic and Diluted

21,857,865

 

20,971,595

 

21,593,151

 

17,526,309


The accompanying notes are an integral part of these unaudited financial statements.



5



NutraFuels, Inc.

STATEMENTS OF CASH FLOWS

(Unaudited)

 

 

 

 

 

 

 

Nine Months

Ended September 30,

 

 

 

 

 

 

 

2014

 

2013

OPERATING ACTIVITIES

 

 

 

 

 

 

 

 

Net Loss

 

 

 

 

 

$  (1,317,331)

 

 $  (1,618,083)

 

Adjustments to reconcile net loss to net cash used in operations:

 

 

 

 

 

 

 

Depreciation

 

 

 

39,307

 

              38,772

 

 

Stock for services - related party

 

                       -   

 

           896,313

 

 

Stock for services

 

 

 

29,314

 

           381,247

 

 

Amortization of Debt Discount

 

 

191,427

 

                9,317

 

 

Reclassification of Down Payment for Equipment

(22,400)

 

                       -   

 

 

Income from Indebtedness

 

 

(7,956)

 

 

 

 

Changes in operating assets and liabilities:

 

 

 

 

 

Accounts Receivable

 

 

(2,435)

 

           (84,610)

 

 

Subscription Receivable

 

 

25,000

 

                       -   

 

 

Inventory

 

 

 

810

 

         (241,630)

 

 

Accrued Expenses

 

 

 

62,787

 

              25,243

 

 

Accounts Payable

 

 

 

(74,999)

 

           (50,956)

Net Cash used in Operating Activities

 

 

 

(1,076,476)

 

(644,387)

INVESTING ACTIVITIES

 

 

 

 

 

 

 

 

Purchase of fixed assets

 

 

 

              (4,724)

 

         (263,810)

Net cash used in Investing Activities

 

 

 

(4,724)

 

         (263,810)

FINANCING ACTIVITIES

 

 

 

 

 

 

 

 

Common stock issued for cash

 

 

 

           650,000

 

           390,000

 

Borrowings on Debt

 

 

 

 

420,000

 

           300,000

 

Repayments on Debt - Related Party

 

 

                         -

 

         (310,600)

 

Repayments on Debt

 

 

 

           (25,000)

 

                       -   

 

Borrowings on Debt - Related Party

 

 

                         -

 

           455,000

Net cash provided by Financing Activities

 

 

 

1,045,000

 

           834,400

Net Cash Decrease for the Period

 

 

(36,200)

 

           (73,797)

Cash at beginning of period

 

 

 

 

63,255

 

           144,750

Cash at end of period

 

 

 

 

 $          27,055

 

 $          70,953

Supplementary Cash Flow Information:

 

 

 

 

 

Interest paid in cash

 

 

$

-

 

$

-

Income tax paid in cash

 

 

-

 

-

Noncash financing and investing activities:

 

 

 

 

 

 

Shares issued for Conversion of Debt

 

-

 

$

150,000

 

Debt Discount from Beneficial Conversion Feature

 

43,822

 

-

 

Shares issued with the issuance of debt

 

 

52,778

 

111,803

 

Warrants issued with the issuance of debt

 

290,000

 

-

The accompanying notes are an integral part of these unaudited financial statements.



6



NOTES TO UNAUDITED FINANCIAL STATEMENTS:


NOTE 1 – DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION, AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES


Description of Business


Nutrafuels is the producer of nutritional supplements that uses micro molecular formulae and a utilization of an oral spray to provide faster and more efficient absorption.


Basis of presentation


The financial statements have been prepared by Nutrafuels, Inc. in accordance with accounting principles generally accepted in the United States.  The information furnished herein reflects all adjustments (consisting of normal recurring accruals and adjustments), which are, in the opinion of management, necessary to fairly present the financial position and operating results for the respective periods.


Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal period, as reported in the Company’s most recent annual report on Form 10-K, have been omitted.  


NOTE 2 – GOING CONCERN


As shown in the accompanying financial statements, we have incurred losses from inception, including net losses of $1,317,331 for the nine months ended September 30, 2014.  In response to these conditions, we may raise additional capital through the sale of equity securities, through an offering of debt securities or through borrowings from financial institutions or individuals.  The financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.  


NOTE 3 –NOTES PAYABLE 


During February 2014, an investor loaned the Company $50,000 with a maturity date of May 1, 2014.  The investor also received 50,000 shares of common stock in conjunction with the loan.  The proceeds were allocated using relative fair value to the stock and loan as follows:


 

 

 

 

 

 

 

 

 

 

Relative fair value of stock

 

$

25,000

 

Relative fair value of note payable

 

 $

25,000

 


The discount on the note, $25,000, will be recognized as additional interest over the life of the note.  As of September 30, 2014, the note’s discount has been fully amortized.


The note became due on May 1, 2014 and has not been paid in full as of September 30, 2014.  An informal extension has been granted by the investor.


NOTE 4 – CONVERTIBLE DEBT

On March 26, 2014, the Company borrowed $290,000 under a convertible note agreement with an investor.  The note bears an interest rate of 10%, matures on March 26, 2015, and is convertible at $1.00 per share.  The investor received warrants to purchase 500,000 shares of common stock at $0.50 per share with a two year exercise term.



7




We evaluated the warrants for derivative accounting consideration under ASC Topic 815-40, Derivatives and Hedging – Contracts in Entity’s own stock.  We concluded that the warrants meet the criteria for classification in stockholders' equity.  Therefore, derivative accounting is not applicable for the warrants.  Accordingly, we allocated the proceeds from the transaction to the debt, stock, and warrants based on their relative fair value.  We determined the fair value of the warrants using a Black-Sholes option pricing model with the following inputs:



 

 

 

 

 

Risk-free interest rate

 

 

0.45

%

Dividend yield

 

 

-

%

Volatility factor

 

 

145

%

Expected life (years)

 

 

 2

 


The volatility was determined by referring to the average historical volatility of a peer group of public companies because we do not have a trading history from which to determine historical volatility. 


The fair value of the investment was allocated between the note and warrant as follows:


 

 

 

 

 

 

 

 

 

 

Relative fair value of warrants

 

 

$167,447

 

Relative fair value of note payable

 

 


$122,553

 

 

Because the price for recent sales of common stock exceeded the effective conversion price, we also recognized a beneficial conversion feature of $122,553.  The total discount on the note, $290,000, will be recognized as additional interest over the life of the note.  As of September 30, 2014, the remaining amount of the discount is $221,346.


On June 7, 2013, we entered into a convertible note in the principal amount of 100,000 which bears interest at the rate of 10% per annum.  At the option of the investor, the outstanding principal and interest due under the note may be converted into shares of our common stock at the price of $1.00 per share.  The note had originally had a due date of June 1, 2014 and was convertible at the most recent price we offered or sold common in an offering registered with the Securities and Exchange Commission.  On September 7, 2013, the note was amended to allow the amounts outstanding to be converted into our common stock at the price of $1.00 per share.


The note became due on June 1, 2014 and has not been paid as of September 30, 2014.  Subsequent to September 30, 2014, the note was amended and granted new due date of June 1, 2015.


On August 26, 2013, we entered into a note agreement with an investor with a principal amount of $200,000.  The note bears interest at the rate of 15% per annum and is due on August 26, 2014.  Under the terms of the note, the investor received 250,000 common shares and 500,000 common stock purchase warrants.  The warrants are exercisable at the price of $.75 per share at any time prior to August 26, 2015.


The note became due August 26, 2014 and has not been paid as of September 30, 2014.  Subsequent to September 30, 2014, the note was amended and granted new due date of August 26, 2015.


On June 23, 2014, the Company borrowed $30,000 under a convertible note agreement with an investor.  The note bears an interest rate of 10%, matures on June 23, 2015, and is convertible at $1.00 per share.  Because the market price for our common stock on the date of the note exceeded the note’s conversion price, $1.00 per share, we recognized a beneficial conversion feature of $21,600 as a discount on the note.  The discount will be recognized as additional interest over the life of the note.  As of September 30, 2014, the remaining amount of the discount is $18,382.



8



On August 27, 2014, the Company borrowed $50,000 under a convertible note agreement with an investor.  The note bears an interest rate of 10%, matures on January 2 2015, and is convertible at $1.00 per share.  The investor also received 50,000 shares of common stock with the issuance of the note.


The fair value of the investment was allocated among the shares, note payable, and beneficial conversion feature:


Relative fair value of shares

 

 

$27,778

 

Relative fair value of conversion feature

 

 

$22,222

 

Relative fair value of note payable

 

 

$           -

 


The note is fully discounted in the amount of $50,000 will be amortized over the life of the note.  As of September 30, 2014, the remaining balance on the debt discount is $42,622.


We evaluated the conversion features embedded in the notes payable described above for derivative accounting in accordance with ASC 815-40, Derivatives and Hedging embedded in the modified notes payable for derivative accounting in accordance with the criteria for classification in stockholders' equity.  Therefore, derivative accounting is not applicable.



NOTE 5 – SHAREHOLDERS’ EQUITY


During April 2014, an investor purchased 500,000 shares for $1.00 per share.  The investor also received warrants to purchase 500,000 shares at exercise price of $0.50 per share.  The warrants have a one-year term.


During September 2014, an investor purchased 150,000 shares for $1.00 per share.  The investor also received warrants to purchase 150,000 shares at exercise price of $0.20 per share.  The warrants have a one-year term.


For the three months ended September 30, 2014, there were 10,000 shares of stock issued for services, resulting in stock based compensation expense of $29,314.


NOTE 6 – COMMITMENTS & CONTINGENCIES


During January 2014, we were granted a license to market nutritional supplements under the TapouT XT name to retail locations worldwide.  Under the license agreement, we are required to pay a royalty fee to Nutra Evolution of 12.5% of net sales.  The agreement provides us with an initial test period of four years, until January 31, 2018, to distribute the product.  We paid $85,000 in conjunction with the license.  At the expiration of this four year period, we may extend the license for three (3) consecutive three (3) year terms.  We are required to pay minimum royalties of $400,000 during the first contract year; $750,000 during the second contract year and $1,000,000 each year thereafter.


In late April 2014, the Company entered into an agreement with Sullivan Media Group, a Nevada corporation, to conduct market research in regards to promotion of the NutraFuels brand at a cost of $104,500.


On May 26, 2014, we entered into an agreement with SRC Sales Inc., a Massachusetts corporation (“SRC Sales”) to be the exclusive distributor of our products to certain retailers (the “Retailer Accounts”) in the United States and Canada.  We agreed to pay 7% of sales derived from any Retailer Account obtained from the efforts of SRC Sales.  The agreement has a term of 36 months.  We agreed to issue 50,000 restricted shares of our common stock to SRC Sales for each Retailer Account, and 50,000 shares for each order of $500,000.  For purposes of the agreement, Retailer Account means a retailer with more than 200 locations.  The terms of the Agreement do not apply to any of our prior or existing customers.


NOTE 7 – NOTES PAYABLE - RELATED PARTY


As of September 30 2014, the Company is indebted to Neil Catania, vice president, for $305,000.  From time to time, Mr. Catania has advanced funds to the Company with no formal note agreement.  During 2013, Mr. Catania advanced $405,000 to the Company and the Company repaid $310,000, resulting a net balance due to him of $95,000.  The remaining $210,000 relates to two convertible notes payable, which are described below. 



9



On November 15, 2012, the Company borrowed $135,000 under a convertible note agreement with Neil Catania, vice president.  Under the original terms of the note, it was convertible at the most recent price of shares sold in an offering registered with SEC.  The note bears interest at 10% and is due on November 15, 2014.  As of December 31, 2012, $160,000 in principal was outstanding.  During September 2013, the note was modified to establish a set conversion price of $1.00 per share.  Because no registered offering of our common stock has occurred, the notes did not have an effective conversion feature before the modification occurred and thus derivative treatment could not be determined.  Additionally, there was no beneficial conversion feature associated with the notes prior to their modification.  


Subsequent to September 30, 2014, the note was amended and granted new due date of November 15, 2015.


We evaluated the modification using the criteria set forth in ASC Topic 470-50, Debt – Modifications and Extinguishments and we determined that the modification was an extinguishment because there was a substantial modification of terms.  However, we did not experience a gain or loss on extinguishment because the fair value of the extinguished note was the same as the fair value of the modified note.  There was no beneficial conversion feature associated with the modified note because the conversion price equaled or exceeded the cash sales prices of common stock ($.35 per share) that had occurred before the modification.


On February 15, 2013 Mr. Catania lent the Company an additional $50,000.  The note is convertible into common stock at a price of $1.00 per share.  The note bears interest at 10% and is due on May 15, 2014.  The conversion feature was not beneficial at the time of issuance because the conversion price equaled or exceeded the cash sales prices of common stock ($.35 per share) that had occurred before the modification.


The note became due on May 15, 2014 and has not been paid as of September 30, 2014.  Subsequent to September 30, 2014, the note was amended and granted new due date of November 15, 2015.


We evaluated the conversion features embedded in the modified November Note and the February Note for derivative accounting in accordance with ASC 815-40, Derivatives and Hedging – Contracts in Entity’s own stock and concluded that the conversion features meet the criteria for classification in stockholders' equity.  Therefore, derivative accounting is not applicable.


On February 15, 2012, we entered into a convertible note with an investor with an aggregate principal and interest outstanding of $50,000 which bears interest at the rate of 10% per annum.  The note had originally had a due date of November 15, 2013 and was convertible at the most recent price we offered or sold common in an offering registered with the Securities and Exchange Commission.  On September 7, 2013, the note was amended to (i) extend the repayment date to November 15, 2014 and allow the amounts outstanding to be converted into our common stock at the price of $1.00 per share.


Subsequent to September 30, 2014, the note was amended and granted new due date of January 15, 2015.


NOTE 8 – SUBSEQUENT EVENTS


During October 2014, the company entered into a convertible note with an investor with a principal amount of $60,000, and bears an interest rate of 10%.  As additional consideration for providing the principal amount, the investor shall also receive 150,000 shares of common stock.  


The note was due on November 2, 2014 and has not been paid.


In November 2014, the Company issued a $30,000 convertible note along with an equity consideration to raise additional capital.


During November 2014, the due dates for several notes payable was extended, as detailed in Notes 4 and 7.



10




MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

 

You should read the following discussion of our financial condition and results of operations in conjunction with the consolidated financial statements and notes thereto included elsewhere in this prospectus.  The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs.  Our actual results could differ materially from those discussed in the forward-looking statements.  Factors that could cause or contribute to these differences include those discussed below and elsewhere in this Quarterly Report on Form 10-Q.


OVERVIEW

 

NutraFuels, Inc. (“NutraFuels”, “us”, “we”, or “our”) is the producer of nutritional oral spray supplements that provide faster and more efficient absorption than traditional methods of delivery.

 

We were founded as NutraFuels, LLC in 2010.  We have progressively added the needed equipment to expand our operations to meet the demand of consumption on a national level.  


We have continually invested for the long term, adding larger facilities, purchasing necessary equipment, and other application development to expand sales and marketing.  This has increased our costs on an absolute basis in the near-term.  Many of these investments had and will continue to occur in advance of experiencing any immediate near term benefit.


Upon making significant investments in market research and brand development, the Company plans to start distributing new products.  Pending additional capital investment, the Company is aiming to nationally expand into the retail and grocery markets.

 

Components of Results of Operations

 

Revenues


We derive our revenues from sales of our products.  We recognize our revenues from the point of sale and shipment.  For the quarter ended September 30, 2014, and September 30, 2013, our revenues were $5,337 and $192,243, respectively.  Our revenues declined during the period ending September 30, 2014 because of significantly lower purchases from wholesale and distribution customers and the loss of one of our primary distributors.


Should we not have sufficient revenues to meet operating costs, we will require additional capital.  We have no commitments or assurances that it will ever be successful in obtaining adequate future financing.  We have incurred net losses and losses from operations and we expect that we will continue to have negative cash flows as we implement our business plan.  There can be no assurance that our continuing efforts to execute our business plan will be successful and that we will be able to continue as a going concern.  The accompanying unaudited financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate our continuation as a going concern.  As of September 30, 2014, we did not have sufficient cash to sustain us for the next twelve months and we will require additional capital to continue as a going concern.  In the event that future financing does not materialize, we may be unable to pay our obligations as they become due or continue as a going concern, any of which circumstances would have a material adverse effect on our business, prospects, financial condition and results of operations.



11



Costs and Expenses


The Cost of Goods Sold was heavily concentrated in labor and overhead costs.


Advertising costs continued to be some of our largest operational expenses.  As 2014 progresses, we are anticipating more marketing expenditures to research, promote, and enhance our brand.  


This past quarter the Company also established an inventory valuation allowance of nearly $70,000 to account for expiring product.  


The remaining significant expenses related to professional fees associated with our SEC filings and accrued interest as it relates to debt securities issued from current and prior years.


Results of Operations


In comparison to the prior year, sales have decreased significantly by 88%.  As of the nine months ending September 30, 2014, we’ve experienced a decline in repeat business from prior year wholesale and distribution customers and we no longer sold our product to one of our primary distributors.


To address the loss of our primary distributor, we entered into a distribution agreement on May 26, 2014, with SRC Sales Inc., a Massachusetts corporation in the United States and Canada.  We agreed to pay 7% of sales derived from any Retailer Account obtained from the efforts of SRC Sales.  The agreement has a term of 36 months.  We agreed to issue 50,000 restricted shares of our common stock to SRC Sales for each Retailer Account, and 50,000 shares for each order of $500,000.  For purposes of the agreement, Retailer Account means a retailer with more than 200 locations.  The terms of the Agreement do not apply to any of our prior or existing customers.  During the three month period ending September 30, 2014, we did not receive additional sales from the agreement.


Advertising costs have nearly doubled due to marketing research and brand promotion.  


Selling, General, and Administrative Costs are significantly lower than the prior year, as there’s been relatively no stock compensation issued for services performed by employees or outside parties.


Finally, interest expense is higher due to the issuance of debt securities to finance operations.


LIQUIDITY AND CAPITAL RESOURCES


In addition to revenue, our primary source of cash stems from issuance of equity and debt securities.  We are dependent upon the proceeds from the offer and sale of securities to fund our operations.  


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months
Ended September 30,

 

 

 

 

 

 

 

2014

 

2013

Net Cash used in Operating Activities

 

 

 

(1,076,476)

 

(644,387)

 

 

 

 

 

 

 

 

 

 

Net cash used in Investing Activities

 

 

 

(4,724)

 

(263,810)

 

 

 

 

 

 

 

 

 

 

Net provided by Financing Activities

 

 

 

1,045,000

 

834,400

 

 

 

 

 

 

 

 

 

 


Operating


During the first nine months of 2014, in addition to fixed & variable overhead costs, other operational expenditures primarily consisted of inventory purchases, payments to vendors, professional fees, and advertising costs.



12



Investing


During the first nine months of 2014, our investments in fixed assets were limited to equipment purchases.


Financing


Our cash inflow from financing related to the issuance of debt and equity securities.  During the nine month period ended September 30, 2014, we received an aggregate of $1,070,000 from the sale of securities and as proceeds from notes payable as follows:


 the sale of 150,000 common shares at a price of $1.00 per share, on September 2, 2014,

 a note payable with shares of common stock in the amount of $50,000 on August 27, 2014, 

 a note payable with shares of common stock in the amount of $50,000 on February 20, 2014, 

 a convertible note with attached warrants in the principal amount of $290,000 on March 26, 2014,

 a convertible note in the principal amount of $30,000 on June 23, 2014,

the sale of 500,000 common shares at the price of $1.00 per share or an aggregate of $500,000, on April 25, 2014.


SIGNIFICANT ACCOUNTING POLICIES


We report revenues and expenses using the accrual method of accounting for financial and tax reporting purposes.


USE OF ESTIMATES


Management uses estimates and assumption in preparing these financial statements in accordance with generally accepted accounting principles.  Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses.


INCOME TAXES


We account for income taxes under ASC 740 “Income Taxes” which codified SFAS 109, “Accounting for Income Taxes” and FIN 48 “Accounting for Uncertainty in Income Taxes – an Interpretation of FASB Statement No. 109.”  Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.  Under ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs.  A valuation allowance is provided for certain deferred tax assets if it is more likely than not that we will not realize tax assets through future operations.


FAIR VALUE OF FINANCIAL INSTRUMENTS


Accounting Standards Codification Topic 820, “Disclosures About Fair Value of Financial Instruments,” requires us to disclose, when reasonably attainable, the fair market values of our assets and liabilities, which are deemed to be financial instruments.  Our financial instruments consist primarily of cash.


PER SHARE INFORMATION


We compute net loss per share accordance with FASB ASC 205 “Earnings per Share”.  FASB ASC 205 requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement.


Basic EPS is computed by dividing net loss available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period.  Diluted EPS gives effect to all potentially dilutive common shares outstanding during the period.  Diluted EPS excludes all potentially dilutive shares if their effect is anti-dilutive.



13




STOCK OPTION GRANTS


We have not granted any stock options to our officers and directors since our inception.  Upon the further development of our business, we will likely grant options to directors and officers consistent with industry standards for nutritional and dietary supplement companies.


Item 3.    Quantitative and Qualitative Disclosures About Market Risk


Smaller reporting companies are not required to provide the information required by this item.


Item 4.    Controls and Procedures


Evaluation of Disclosure Controls and Procedures


Pursuant to Rule 13a-15(b) under the Securities Exchange Act of 1934 (“Exchange Act”), the Company carried out an evaluation, with the participation of the Company’s management, including the Company’s President, Chief Financial Officer, Secretary, Treasurer and Director, of the effectiveness of the Company’s disclosure controls and procedures (as defined under Rule 13a-15(e) under the Exchange Act) as of the end of the period covered by this report. Based upon that evaluation, the Company’s CEO and CFO concluded that the Company’s disclosure controls and procedures were not effective to ensure that information required to be disclosed by the Company in the reports that the Company files or submits under the Exchange Act, is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to the Company’s management, including the Company’s CEO and CFO, as appropriate, to allow timely decisions regarding required disclosure for the reasons discussed below.


Management believes that the appointment of one or more outside directors, who shall be appointed to a fully functioning audit committee, will remedy the lack of a functioning audit committee and a lack of a majority of outside directors on our board of directors. In addition, the Company currently has limited accounting personnel. Management plans to take action and implementing improvements to our controls and procedures when our financial position permits.


Changes in Internal Control Over Financial Reporting

 

There have been no changes in the Company’s internal controls over financial reporting during the three month period ending September 30, 2014, or in other factors that could significantly affect these controls, that materially affected, or are reasonably likely to materially affect, the Company’s internal controls over financial reporting.




14




PART II:  OTHER INFORMATION

 

Item 1. Legal Proceedings

 

From time to time, we may become involved in litigation relating to claims arising out of our operations in the normal course of business.  We are not involved in any pending legal proceeding or litigation and, to the best of our knowledge, no governmental authority is contemplating any proceeding to which we are a party or to which any of our properties is subject, which would reasonably be likely to have a material adverse effect on our business and operations.

 

Item 1A. Risk Factors

 

Smaller reporting companies are not required to provide the information required by this item.


Item 2. Unregistered Sale of Equity Securities 


During the three month period ending September 30, 2014, we offered and sold securities below.  We used the proceeds from the sale of these securities for working capital.  None of the issuances involved underwriters, underwriting discounts or commissions.   We relied upon Section 4(2) of the Securities Act, and Rule 506 of the Securities Act of 1933, as amended for the offer and sale of the securities.  We believed Section 4(2) was available because:


We are not a blank check company;

We filed a Notice of Sales on Form D, with the Securities & Exchange Commission;

Sales were not made by general solicitation or advertising;

All certificates had restrictive legends; and

Sales were made to persons with a pre-existing relationship to our chief executive officer, Edgar Ward.


On September 15, 2014, we sold 150,000 units to Craig Hetherington in exchange for $150,000.  Each one (1) unit contains 150,000 shares of common stock and warrants to purchase 1500,000 shares of common stock at the price of $.20 at any time September 2, 2016.


On November 5, 2014, we amended the November 15, 2012, promissory note between us and Michael Smyth with a principal amount of $50,000.  As amended, we are obligated to repay the principal and interest due under the note on January 15, 2015.  The note bears interest at the rate of 10%.  The note is convertible into our common stock at the price of $1.00 per share.


On August 12, 2014, we issued 10,000 shares of our restricted common stock to Jon Dunsmoor for services rendered to us.

 

On August 27, 2014, we entered into a note agreement with John Hampton in the amount of $50,000 bearing interest at the rate of 10%.  The principal and accrued interest under the note is due on January 2, 2015.  The principal and interest due under the note may be converted into common stock at the rate of $1.00 per share.  We issued 50,000 shares of our restricted common stock to John Hampton as additional consideration for the note.

 

On September 15, 2014, we sold 150,000 units to Donald Brennik in exchange for $150,000.  Each one (1) unit contains 150,000 shares of common stock and warrants to purchase 150,000 shares of common stock at the price of $.20 at any time September 2, 2016.

 

On November 15, 2014, we issued 60,000 shares of our restricted common stock to Uptick Capital LLC for services rendered to us.

 



15



On October 30, 2014, we amended the August 23, 2013, promissory note between us and Craig Hetherington with a principal amount of $200,000.  As amended, we are obligated to repay the principal and interest due under the note on August 26, 2015.  The note bears interest at the rate of 15%.  The note is convertible into our common stock at the price of $1.00 per share.

 

On October 30, 2014, we amended the November 15, 2012, promissory note between us and Neil Catania, our Vice-President.  The note has a principal amount of $160,000.  As amended, we are obligated to repay the principal and interest due under the note on November 15, 2015.  The note bears interest at the rate of 10%.  The note is convertible into our common stock at the price of $1.00 per share.

 

On October 30, 2014, we amended February 15, 2013, promissory note between us and Neil Catania, our Vice-President.  The note has a principal amount of $50,000.  As amended, we are obligated to repay the principal and interest due under the note on November 15, 2015.  The note bears interest at the rate of 10%.  The note is convertible into our common stock at the price of $1.00 per share.

 

On October 2nd 2014 we entered into a convertible promissory note with John Hampton in the amount of $60,000, bearing interest at the rate of 10%.  The note investor received 150,000 shares of our common stock in exchange for the investment.  The principal and accrued interest is due on November 2nd 2014

 

On November 5, 2014, we amended the November 15, 2012, promissory note between us and Michael Smyth with a principal amount of $50,000.  As amended, we are obligated to repay the principal and interest due under the note on January 15, 2015.  The note bears interest at the rate of 10%.  The note is convertible into our common stock at the price of $1.00 per share.


Item 3. Defaults Upon Senior Securities

Not Applicable.

 

Item 4. Mine Safety Disclosures

 

Not Applicable.


Item 5. Other Information

 

Not Applicable.




16




Item 6. Exhibits


Exhibit No.

Description

3.1

Articles of Organization of NutraFuels, LLC, a Florida Limited Liability Company (1)

3.2

Certificate of Conversion from a Florida Limited Liability Company to a Florida Corporation (1)

3.3

Articles of Incorporation of NutraFuels, Inc., a Florida Corporation (1)

3.4

Certificate of Designation of Series A Preferred Shares (1)

3.5

Bylaws of NutraFuels, Inc (1)

4.1

Form of Convertible Note and Warrant. (1)

4.2

Form of Subscription Agreement (1)

4.3

Form of Convertible Note (1) 

10.1

Agreement between Nutra Evolution LLC and NutraFuels Inc (1)

10.2

Agreement between AMS Health Services LLC and NutraFuels Inc. (1)

10.3

February 12, 2012 Agreement between NutraFuels, Inc. and Neil Catania (2)

10.4

November 12, 1012 Agreement between NutraFuels, Inc. and Neil Catania (2)

10.5

November 15, 2012 Agreement between NutraFuels, Inc. and Mike Smyth (2)

10.6

November 15, 2012 Agreement between NutraFuels, Inc. and Donald Brennick (2)

10.7

June 7, 2013 Agreement between NutraFuels, Inc. and Craig Hetherington (2)

10.8

August 26, 2013 Agreement between Nutafuels, Inc. and Craig Hetherington (2)

10.9

Form of Purchase Order Alpine (3)

10.10

Core-Mark Vendor Program Agreement (3)

10.11

Form of Invoice (3)

10.12

Note Agreement Dennis Poland (4)

10.13

Unit Subscription Agreement with William J. Ferri(4)

10.14
10.15
10.16

Amendment to Tapout Agreement dated January 29, 2014 (4)
Agreement between NutraFuels, Inc. and Sullivan Media Group (5)
Agreement between NutraFuels, Inc. and SRC Sales(5)

10.17

Amended Note to February 15, 2013 note between NutraFuels, Inc. and Neal Catania

10.18

Amended Note to November 15, 2012 note between NutraFuels, Inc. and Neal Catania

10.19

Amended Note to August 26, 2013 note between NutraFuels, Inc. and Craig Hetherington

10.20

10.21

Amended Note to November 15, 2012 note between NutraFuels, Inc. and Michael Smyth

Note Agreement dated October 2, 2014, between NutaFuels and John Hampton

31.1

Certification of Principal Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of Sarbanes Oxley Act of 2002

31.2

Certification of Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of Sarbanes Oxley Act of 2002

 

(1) Incorporated by reference to our Form S-1 Registration Statement filed with the Securities and Exchange Commission on September 26, 2013.

(2) Incorporated by reference to our Form S-1 Registration Statement filed with the Securities and Exchange

Commission on October 31, 2013.

(3) Incorporated by reference to our Form S-1 Registration Statement filed with the Securities and Exchange

Commission on December 5, 2013.

(4) Incorporated by reference to our Form 10-K filed with the Securities and Exchange Commission on May 5, 2014.

(5) Incorporated by Reference to our Form 10-Q for the period ending June 30, 2014 and filed with the Securities and Exchange Commission on August 13, 2014.

(6) Filed herewith.



17



SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, there unto duly authorized.

 

 

 

 

Dated: November 19, 2014

 

NutraFuels, Inc

 

 

/s/ Edgar Ward.

 

 

 Edgar Ward

 

 

Chief Executive Officer

 

 

(Duly Authorized and Principal Executive Officer)

 




18



EX-10.17 2 f1017neilcatania50000amended.htm AMENDED NOTE TO FEBRUARY 15, 2013 NOTE BETWEEN NUTRAFUELS, INC. AND NEAL CATANIA Converted by EDGARwiz

AMENDED AND RESTATED PROMISSORY NOTE

This is an amendment and restatement of the $50,000.00 promissory note originally issued on February 15, 2013 and amended on September 7, 2013 by and between NutraFuels, Inc., a Florida corporation formerly known as NutraFuels, LLC, a Florida limited liability company to Neil Catania, an individual (the Original Promissory Note).  This Amended and Restated Promissory Note (the Amended and Restated Promissory Note) is effective on October 30, 2014.


FOR VALUE RECEIVED, NUTRAFUELS, Inc, a Florida corporation (the Maker), promises to pay to the order of Neil Catania, an individual (the Holder), the principal amount of fifty thousand dollars ($50,000.00), together with interest accrued under the Original Promissory Note but not paid as of the date hereof shall be due and payable together with interest hereunder on or before November 15, 2015.  At no time shall the aggregate obligation of Maker to Holder exceed the principal sum of this Amended and Restated Promissory Note plus accrued but unpaid interest on amounts previously received.  Maker may at any time prior to conversion, redemption or repayment in full of this Amended and Restated Promissory Note repay all or any part of said loans under this Amended and Restated Promissory Note.


1. Interest.  The outstanding principal balance of this Interest shall accrue on the outstanding principal balance of this Amended and Restated Promissory Note at a fixed rate of ten (10%) percent per annum.  Interest shall be calculated on the basis of a 365-day year.


2.  Interest Method of Payment; Application.  Payments (including all prepayments) received  by Holder on this Amended and Restated Promissory Note shall be applied first to the payment of accrued and unpaid interest and only thereafter to the outstanding principal balance of this Amended and Restated Promissory Note.


3. Conversion.  Holder  shall  have  the  right  to  convert  the outstanding  principal  balance of and accrued  interest  on this Amended and Restated Promissory Note,  or such lesser  portion  thereof as Holder may elect,  into Shares  ("Shares") of Maker's Common Stock (the Common Stock) at any time unless this Amended and Restated Promissory Note is sooner redeemed or paid in full.  In the event that Maker undertakes a corporate restructuring this Amended and Restated Promissory Note shall be binding upon any successor entity or assign.


Upon any conversion of this Amended and Restated Promissory Note, the sum of the principal balance and accrued interest to be converted shall be converted into shares of the Makers Common Stock (the Conversion Shares).  The per share conversion price (the Conversion Price) shall be $1.00 per share.


Upon any conversion of this Amended and Restated Promissory Note, Holder shall deliver to Maker at Maker's principal  office  this  Amended and Restated Promissory Note (or of any replacement Note), together with the written notice of election to convert (the "Notice of  Conversion") attached hereto as Exhibit A and made a part  hereof.  Conversion shall be deemed to have been effected on the date when such delivery of the conversion notice is actually made.  As promptly as practicable thereafter, Maker shall issue and deliver to or upon the written order of Holder a certificate or certificates for the number of Shares to which the Holder is entitled.  Upon conversion of only a portion of the principal of this Amended and Restated Promissory Note, Maker shall issue and deliver to, or upon the written  order of Holder, a new note in the principal amount of this Amended and Restated Promissory Note not



converted,  which new Amended and Restated Promissory Note shall entitle the Holder to interest  on the  principal  amount to the same extent as if the unconverted portion of this Amended and Restated Promissory Note had not been surrendered for conversion.  Maker covenants that all Shares, which may be issued upon conversion, will, upon issuance, be fully paid and non-assessable and free from all taxes, liens and charges caused or created by Maker with respect to the issuance.


4. Prepayment.  Maker may prepay the principal and accrued interest due at any time without penalty.


5. Notices.  All notices or other communications required or provided to be sent by either party shall be in writing and shall be sent by: (i) by United States Postal Service, certified mail, return receipt requested, (ii) by any nationally known overnight delivery service for next day delivery, (iii) delivered in person or (iv) sent by telecopier or facsimile machine which automatically generates a transmission report that states the date and time of the transmission, the length of the document transmitted and the telephone number of the recipients telecopier or facsimile machine (with a copy thereof sent in accordance with clause (i), (ii) or (iii) above).  All notices shall be deemed to have been given upon receipt. All notices shall be addressed to the parties at the addresses below:


To the Maker:  NutraFuels, Inc., 6601 Lyons Rd. L-6, Coconut Creek, FL 33073


To the Holder:  Neil Catania, 5 Fireplace Court, East Northport, NY 11731

6. Governing law.  This Amended and Restated Promissory Note shall be governed by, and shall be construed and interpreted in accordance with the laws of the State of Florida, without giving effect to the principles of conflicts of laws thereof.


7. Entire agreement.  This Amended and Restated Promissory Note constitutes the entire agreement between the parties with respect to the subject matter hereof and may not be modified, amended, or changed except in writing.  


8. Benefits; binding effect.  This Amended and Restated Promissory Note shall be for the benefit of, and shall be binding upon, the Maker and the Holder and their respective successors and assigns.


9. Jurisdiction and venue.  Any claim or dispute arising out of, connected with, or in any way related to this Amended and Restated Promissory Note shall be instituted by the complaining party and adjudicated in a court of competent jurisdiction located in Broward County, Florida.


10. Headings.  The headings contained in this Amended and Restated Promissory Note are for reference purposes only and shall not affect in any way the meaning or interpretation of any or all of the provisions hereof.

11. Amendment.  The effect of this Amended and Restated Promissory Note is to amend and restate the Original Promissory Note.  This Amended and Restated Promissory Note shall constitute a renewal, extension and modification of the terms of the Original Promissory Note and evidences the same indebtedness that existed under the Original Promissory Note.  To the extent that any rights, benefits or provisions in favor of Holder existed in the Original Promissory Note as of the date hereof, then such rights, benefits or provisions are acknowledged to be and to continue to be effective from and after the date of the Original Promissory Note.  The Maker and the Holder agree and acknowledge that any and all rights, remedies and payment provisions under the Original Promissory Note, as hereby amended



and restated, shall continue and survive the execution and delivery of this Amended and Restated Promissory Note.  The Maker and the Holder further agree and acknowledge that any and all amounts owing or otherwise due under or pursuant to the Original Promissory Note immediately prior to the effectiveness of this Amended and Restated Promissory Note shall be owing and otherwise due pursuant to this Amended and Restated Promissory Note.  All references to the Original Promissory Note in any agreement, instrument or document executed or delivered in connection herewith or therewith shall be deemed to refer to this Amended and Restated Promissory Note, as the same may be amended, restated, supplemented or otherwise modified from time to time.


IN WITNESS WHEREOF, the undersigned have executed this Amended and Restated Promissory Note as of the date first written above.



NutraFuels, Inc.



_____________________________

Edgar Ward, President



_____________________________

Neil Catania, Holder





EX-10.18 3 f1018neilcatania160000amende.htm AMENDED NOTE TO NOVEMBER 15, 2012 NOTE BETWEEN NUTRAFUELS, INC. AND NEAL CATANIA Converted by EDGARwiz

AMENDED AND RESTATED PROMISSORY NOTE

This is an amendment and restatement of the $160,000.00 promissory note originally issued on November 15, 2012 and amended on September 7, 2013 by and between NutraFuels, Inc., a Florida corporation formerly known as NutraFuels, LLC, a Florida limited liability company to Neil Catania, an individual (the Original Promissory Note).  This Amended and Restated Promissory Note (the Amended and Restated Promissory Note) is effective on October 30, 2014.


FOR VALUE RECEIVED, NUTRAFUELS, Inc, a Florida corporation (the Maker), promises to pay to the order of Neil Catania, an individual (the Holder), the principal amount of one hundred sixty thousand dollars ($160,000.00), together with interest accrued under the Original Promissory Note but not paid as of the date hereof shall be due and payable together with interest hereunder on or before November 15, 2015.  At no time shall the aggregate obligation of Maker to Holder exceed the principal sum of this Amended and Restated Promissory Note plus accrued but unpaid interest on amounts previously received.  Maker may at any time prior to conversion, redemption or repayment in full of this Amended and Restated Promissory Note repay all or any part of said loans under this Amended and Restated Promissory Note.


1. Interest.  The outstanding principal balance of this Interest shall accrue on the outstanding principal balance of this Amended and Restated Promissory Note at a fixed rate of ten (10%) percent per annum.  Interest shall be calculated on the basis of a 365-day year.


2.  Interest Method of Payment; Application.  Payments (including all prepayments) received  by Holder on this  Amended and Restated Promissory Note shall be applied first to the payment of accrued and unpaid  interest and only thereafter to the outstanding principal balance of this Amended and Restated Promissory Note.


3. Conversion.  Holder  shall  have  the  right  to  convert  the outstanding  principal  balance of and accrued  interest  on this Amended and Restated Promissory Note,  or such lesser  portion  thereof as Holder may elect,  into Shares  ("Shares") of Maker's Common Stock (the Common Stock) at any time unless this Amended and Restated Promissory Note is sooner redeemed or paid in full.  In the event that Maker undertakes a corporate restructuring this Amended and Restated Promissory Note shall be binding upon any successor entity or assign.


Upon any conversion of this Amended and Restated Promissory Note, the sum of the principal balance and accrued interest to be converted shall be converted into shares of the Makers Common Stock (the Conversion Shares).  The per share conversion price (the Conversion Price) shall be $1.00 per share.


Upon any conversion of this Amended and Restated Promissory Note, Holder shall deliver to Maker at Maker's principal  office  this  Amended and Restated Promissory Note (or of any replacement Note), together with the written notice of election to convert (the "Notice of  Conversion") attached hereto as Exhibit A and made a part  hereof.  Conversion shall be deemed to have been effected on the date when such delivery of the conversion notice is actually made.  As promptly as practicable thereafter, Maker shall issue and deliver to or upon the written order of Holder a certificate or certificates for the number of Shares to which the Holder is entitled.  Upon conversion of only a portion of the principal of this Amended and Restated Promissory Note, Maker shall issue and deliver  to, or upon the written  order of Holder,  a new note in the principal amount of this Amended and Restated



Promissory Note not converted,  which new Amended and Restated Promissory Note shall entitle the Holder to interest  on the  principal  amount to the same extent as if the unconverted portion of this Amended and Restated Promissory Note had not been surrendered for conversion.  Maker covenants that all Shares, which may be issued upon conversion, will, upon issuance, be fully paid and non-assessable and free from all taxes, liens and charges caused or created by Maker with respect to the issuance.


4. Prepayment.  Maker may prepay the principal and accrued interest due at any time without penalty.


5. Notices.  All notices or other communications required or provided to be sent by either party shall be in writing and shall be sent by: (i) by United States Postal Service, certified mail, return receipt requested, (ii) by any nationally known overnight delivery service for next day delivery, (iii) delivered in person or (iv) sent by telecopier or facsimile machine which automatically generates a transmission report that states the date and time of the transmission, the length of the document transmitted and the telephone number of the recipients telecopier or facsimile machine (with a copy thereof sent in accordance with clause (i), (ii) or (iii) above).  All notices shall be deemed to have been given upon receipt. All notices shall be addressed to the parties at the addresses below:


To the Maker:  NutraFuels, Inc., 6601 Lyons Rd. L-6, Coconut Creek, FL 33073


To the Holder:  Neil Catania, 5 Fireplace Court, East Northport, NY 11731

6. Governing law.  This Amended and Restated Promissory Note shall be governed by, and shall be construed and interpreted in accordance with the laws of the State of Florida, without giving effect to the principles of conflicts of laws thereof.


7. Entire agreement.  This Amended and Restated Promissory Note constitutes the entire agreement between the parties with respect to the subject matter hereof and may not be modified, amended, or changed except in writing.  


8. Benefits; binding effect.  This Amended and Restated Promissory Note shall be for the benefit of, and shall be binding upon, the Maker and the Holder and their respective successors and assigns.


9. Jurisdiction and venue.  Any claim or dispute arising out of, connected with, or in any way related to this Amended and Restated Promissory Note shall be instituted by the complaining party and adjudicated in a court of competent jurisdiction located in Broward County, Florida.


10. Headings.  The headings contained in this Amended and Restated Promissory Note are for reference purposes only and shall not affect in any way the meaning or interpretation of any or all of the provisions hereof.

11. Amendment.  The effect of this Amended and Restated Promissory Note is to amend and restate the Original Promissory Note.  This Amended and Restated Promissory Note shall constitute a renewal, extension and modification of the terms of the Original Promissory Note and evidences the same indebtedness that existed under the Original Promissory Note.  To the extent that any rights, benefits or provisions in favor of Holder existed in the Original Promissory Note as of the date hereof, then such rights, benefits or provisions are acknowledged to be and to continue to be effective from and after the date of the Original Promissory Note.  The Maker and the Holder agree and acknowledge that any and



all rights, remedies and payment provisions under the Original Promissory Note, as hereby amended and restated, shall continue and survive the execution and delivery of this Amended and Restated Promissory Note.  The Maker and the Holder further agree and acknowledge that any and all amounts owing or otherwise due under or pursuant to the Original Promissory Note immediately prior to the effectiveness of this Amended and Restated Promissory Note shall be owing and otherwise due pursuant to this Amended and Restated Promissory Note.  All references to the Original Promissory Note in any agreement, instrument or document executed or delivered in connection herewith or therewith shall be deemed to refer to this Amended and Restated Promissory Note, as the same may be amended, restated, supplemented or otherwise modified from time to time.


IN WITNESS WHEREOF, the undersigned have executed this Amended and Restated Promissory Note as of the date first written above.



NutraFuels, Inc.



_____________________________

Edgar Ward, President



_____________________________

Neil Catania, Holder





EX-10.19 4 f1019craighetherington200kam.htm AMENDED NOTE TO AUGUST 26, 2013 NOTE BETWEEN NUTRAFUELS, INC. AND CRAIG HETHERINGTON Converted by EDGARwiz

AMENDED AND RESTATED PROMISSORY NOTE

This is an amendment and restatement of the $200,000.00 promissory note issued on August 26, 2013, by and between NutraFuels, Inc., a Florida corporation formerly known as NutraFuels, LLC, a Florida limited liability company to Craig Hetherington, an individual (the Original Promissory Note).  This Amended and Restated Promissory Note (the Amended and Restated Promissory Note) is effective on October 30, 2014.


FOR VALUE RECEIVED, NUTRAFUELS, Inc, a Florida corporation (the Maker), promises to pay to the order of Craig Hetherington, an individual (the Holder), the principal amount of two hundred thousand dollars ($200,000.00), together with interest accrued under the Original Promissory Note but not paid as of the date hereof shall be due and payable together with interest hereunder on or before August 26, 2015.  At no time shall the aggregate obligation of Maker to Holder exceed the principal sum of this Amended and Restated Promissory Note plus accrued but unpaid interest on amounts previously received.  Maker may at any time prior to conversion, redemption or repayment in full of this Amended and Restated Promissory Note repay all or any part of said loans under this Amended and Restated Promissory Note.


1. Interest.  The outstanding principal balance of this Interest shall accrue on the outstanding principal balance of this Amended and Restated Promissory Note at a fixed rate of  fifteen (15%) percent per annum.  Interest shall be calculated on the basis of a 365-day year.


2.  Interest Method Of Payment; Application.  Payments (including all prepayments) received  by Holder on this  Amended and Restated Promissory Note shall be applied first to the payment of accrued and unpaid  interest and only thereafter to the outstanding principal balance of this Amended and Restated Promissory Note.


3. Conversion.  Holder  shall  have  the  right  to  convert  the outstanding  principal  balance of and accrued  interest  on this Amended and Restated Promissory Note, or such lesser portion thereof as Holder may elect, into Shares ("Shares") of Maker's Common Stock (the Common Stock) at any time unless this Amended and Restated Promissory Note is sooner redeemed or paid in full.  In the event that Maker undertakes a corporate restructuring this Amended and Restated Promissory Note shall be binding upon any successor entity or assign.


Upon any conversion of this Amended and Restated Promissory Note, the sum of the principal balance and accrued interest to be converted shall be converted into shares of the Makers Common Stock (the Conversion Shares).  The per share conversion price (the Conversion Price) shall be $1.00 per share.


Upon any conversion of this Amended and Restated Promissory Note, Holder shall  deliver  to  Maker  at Maker's  principal  office  this  Amended and Restated Promissory Note (or of any replacement Note), together with the written notice of election to convert (the "Notice of  Conversion")  attached  hereto as Exhibit A and made a part  hereof.  Conversion shall be deemed to have been effected on the date when such delivery of the conversion notice is actually made.  As promptly as practicable thereafter, Maker shall issue and deliver to or upon the written order of Holder a certificate or certificates for the number of Shares to which the Holder is entitled.  Upon conversion of only a portion of the principal of this Amended and Restated Promissory Note, Maker shall issue and deliver  to, or upon the written  order of Holder, a new note in the principal amount of this Amended and Restated Promissory Note not



converted,  which new Amended and Restated Promissory Note shall entitle the Holder to interest  on the  principal  amount to the same extent as if the unconverted portion of this Amended and Restated Promissory Note had not been surrendered for conversion.  Maker covenants that all Shares, which may be issued upon conversion, will, upon issuance, be fully paid and non-assessable and free from all taxes, liens and charges caused or created by Maker with respect to the issuance.


4. Prepayment.  Maker may prepay the principal and accrued interest due at any time without penalty.


5. Notices.  All notices or other communications required or provided to be sent by either party shall be in writing and shall be sent by: (i) by United States Postal Service, certified mail, return receipt requested, (ii) by any nationally known overnight delivery service for next day delivery, (iii) delivered in person or (iv) sent by telecopier or facsimile machine which automatically generates a transmission report that states the date and time of the transmission, the length of the document transmitted and the telephone number of the recipients telecopier or facsimile machine (with a copy thereof sent in accordance with clause (i), (ii) or (iii) above).  All notices shall be deemed to have been given upon receipt. All notices shall be addressed to the parties at the addresses below:


To the Maker:  NutraFuels, Inc., 6601 Lyons Rd. L-6, Coconut Creek, FL 33073


To the Holder:  Craig Hetherington, 29 Glen Way, Cold Spring Harbor, NY 11724


6. Governing law.  This Amended and Restated Promissory Note shall be governed by, and shall be construed and interpreted in accordance with the laws of the State of Florida, without giving effect to the principles of conflicts of laws thereof.


7. Entire agreement.  This Amended and Restated Promissory Note constitutes the entire agreement between the parties with respect to the subject matter hereof and may not be modified, amended, or changed except in writing.  


8. Benefits; binding effect.  This Amended and Restated Promissory Note shall be for the benefit of, and shall be binding upon, the Maker and the Holder and their respective successors and assigns.


9. Jurisdiction and venue.  Any claim or dispute arising out of, connected with, or in any way related to this Amended and Restated Promissory Note shall be instituted by the complaining party and adjudicated in a court of competent jurisdiction located in Broward County, Florida.


10. Headings.  The headings contained in this Amended and Restated Promissory Note are for reference purposes only and shall not affect in any way the meaning or interpretation of any or all of the provisions hereof.

11. Amendment.  The effect of this Amended and Restated Promissory Note is to amend and restate the Original Promissory Note.  This Amended and Restated Promissory Note shall constitute a renewal, extension and modification of the terms of the Original Promissory Note and evidences the same indebtedness that existed under the Original Promissory Note.  To the extent that any rights, benefits or provisions in favor of Holder existed in the Original Promissory Note as of the date hereof, then such rights, benefits or provisions are acknowledged to be and to continue to be effective from and after the date of the Original Promissory Note.  The Maker and the Holder agree and acknowledge that any and all rights, remedies and payment provisions under the Original Promissory Note, as hereby amended



and restated, shall continue and survive the execution and delivery of this Amended and Restated Promissory Note.  The Maker and the Holder further agree and acknowledge that any and all amounts owing or otherwise due under or pursuant to the Original Promissory Note immediately prior to the effectiveness of this Amended and Restated Promissory Note shall be owing and otherwise due pursuant to this Amended and Restated Promissory Note.  All references to the Original Promissory Note in any agreement, instrument or document executed or delivered in connection herewith or therewith shall be deemed to refer to this Amended and Restated Promissory Note, as the same may be amended, restated, supplemented or otherwise modified from time to time.


IN WITNESS WHEREOF, the undersigned have executed this Amended and Restated Promissory Note as of the date first written above.



NutraFuels, Inc.



_____________________________

Edgar Ward, President



_____________________________

Craig Hetherington, Holder





EX-10.20 5 f1020mikesmyth50kamendedandr.htm AMENDED NOTE TO NOVEMBER 15, 2012 NOTE BETWEEN NUTRAFUELS, INC. AND MICHAEL SMYTH Converted by EDGARwiz

AMENDED AND RESTATED PROMISSORY NOTE

This is an amendment and restatement of the $50,000.00 promissory note issued on November 15, 2012 by and between NutraFuels, Inc., a Florida corporation formerly known as NutraFuels, LLC, a Florida limited liability company to Michael Smyth, an individual (the Original Promissory Note).  This Amended and Restated Promissory Note (the Amended and Restated Promissory Note) is effective on October 30, 2014.


FOR VALUE RECEIVED, NUTRAFUELS, Inc, a Florida corporation (the Maker), promises to pay to the order of Michael Smyth, an individual (the Holder), the principal amount of fifty thousand dollars ($50,000.00), together with interest accrued under the Original Promissory Note but not paid as of the date hereof shall be due and payable together with interest hereunder on or before January 15, 2015.  At no time shall the aggregate obligation of Maker to Holder exceed the principal sum of this Amended and Restated Promissory Note plus accrued but unpaid interest on amounts previously received.  Maker may at any time prior to conversion, redemption or repayment in full of this Amended and Restated Promissory Note repay all or any part of said loans under this Amended and Restated Promissory Note.


1. Interest.  The outstanding principal balance of this Interest shall accrue on the outstanding principal balance of this Amended and Restated Promissory Note at a fixed rate of ten (10%) percent per annum.  Interest shall be calculated on the basis of a 365-day year.


2.  Interest Method of Payment; Application.  Payments (including all prepayments) received by Holder on this  Amended and Restated Promissory Note shall be applied first to the payment of accrued and unpaid  interest and only thereafter to the outstanding principal balance of this Amended and Restated Promissory Note.


3. Conversion.  Holder  shall  have  the  right  to  convert  the outstanding  principal  balance of and accrued  interest on this Amended and Restated Promissory Note, or such lesser portion thereof as Holder may elect, into Shares  ("Shares") of Maker's Common Stock (the Common Stock) at any time unless this Amended and Restated Promissory Note is sooner redeemed or paid in full.  In the event that Maker undertakes a corporate restructuring this Amended and Restated Promissory Note shall be binding upon any successor entity or assign.


Upon any conversion of this Amended and Restated Promissory Note, the sum of the principal balance and accrued interest to be converted shall be converted into shares of the Makers Common Stock (the Conversion Shares).  The per share conversion price (the Conversion Price) shall be $1.00 per share.


Upon any conversion of this Amended and Restated Promissory Note, Holder shall deliver to Maker at Maker's principal  office  this  Amended and Restated Promissory Note (or of any replacement Note), together with the written notice of election to convert (the "Notice of  Conversion") attached hereto as Exhibit A and made a part  hereof.  Conversion shall be deemed to have been effected on the date when such delivery of the conversion notice is actually made.  As promptly as practicable thereafter, Maker shall issue and deliver to or upon the written order of Holder a certificate or certificates for the number of Shares to which the Holder is entitled.  Upon conversion of only a portion of the principal of this Amended and Restated Promissory Note, Maker shall issue and deliver  to, or upon the written  order of Holder, a new note in the principal amount of this Amended and Restated Promissory Note not converted, which new Amended and Restated Promissory Note shall entitle the Holder to interest on



the principal amount to the same extent as if the unconverted portion of this Amended and Restated Promissory Note had not been surrendered for conversion.  Maker covenants that all Shares, which may be issued upon conversion, will, upon issuance, be fully paid and non-assessable and free from all taxes, liens and charges caused or created by Maker with respect to the issuance.


4. Prepayment.  Maker may prepay the principal and accrued interest due at any time without penalty.


5. Notices.  All notices or other communications required or provided to be sent by either party shall be in writing and shall be sent by: (i) by United States Postal Service, certified mail, return receipt requested, (ii) by any nationally known overnight delivery service for next day delivery, (iii) delivered in person or (iv) sent by telecopier or facsimile machine which automatically generates a transmission report that states the date and time of the transmission, the length of the document transmitted and the telephone number of the recipients telecopier or facsimile machine (with a copy thereof sent in accordance with clause (i), (ii) or (iii) above).  All notices shall be deemed to have been given upon receipt. All notices shall be addressed to the parties at the addresses below:


To the Maker:  NutraFuels, Inc., 6601 Lyons Rd. L-6, Coconut Creek, FL 33073


To the Holder:  Michael Smyth, 11 Titicus Mountain Road, New Fairfield, CT 06812

6. Governing law.  This Amended and Restated Promissory Note shall be governed by, and shall be construed and interpreted in accordance with the laws of the State of Florida, without giving effect to the principles of conflicts of laws thereof.


7. Entire agreement.  This Amended and Restated Promissory Note constitutes the entire agreement between the parties with respect to the subject matter hereof and may not be modified, amended, or changed except in writing.  


8. Benefits; binding effect.  This Amended and Restated Promissory Note shall be for the benefit of, and shall be binding upon, the Maker and the Holder and their respective successors and assigns.


9. Jurisdiction and venue.  Any claim or dispute arising out of, connected with, or in any way related to this Amended and Restated Promissory Note shall be instituted by the complaining party and adjudicated in a court of competent jurisdiction located in Broward County, Florida.


10. Headings.  The headings contained in this Amended and Restated Promissory Note are for reference purposes only and shall not affect in any way the meaning or interpretation of any or all of the provisions hereof.

11. Amendment.  The effect of this Amended and Restated Promissory Note is to amend and restate the Original Promissory Note. This Amended and Restated Promissory Note shall constitute a renewal, extension and modification of the terms of the Original Promissory Note and evidences the same indebtedness that existed under the Original Promissory Note.  To the extent that any rights, benefits or provisions in favor of Holder existed in the Original Promissory Note as of the date hereof, then such rights, benefits or provisions are acknowledged to be and to continue to be effective from and after the date of the Original Promissory Note.  The Maker and the Holder agree and acknowledge that any and all rights, remedies and payment provisions under the Original Promissory Note, as hereby amended and restated, shall continue and survive the execution and delivery of this Amended and Restated



Promissory Note.  The Maker and the Holder further agree and acknowledge that any and all amounts owing or otherwise due under or pursuant to the Original Promissory Note immediately prior to the effectiveness of this Amended and Restated Promissory Note shall be owing and otherwise due pursuant to this Amended and Restated Promissory Note.  All references to the Original Promissory Note in any agreement, instrument or document executed or delivered in connection herewith or therewith shall be deemed to refer to this Amended and Restated Promissory Note, as the same may be amended, restated, supplemented or otherwise modified from time to time.


IN WITNESS WHEREOF, the undersigned have executed this Amended and Restated Promissory Note as of the date first written above.



NutraFuels, Inc.



_____________________________

Edgar Ward, President



_____________________________

Michael Smyth, Holder





EX-10.21 6 f1021convertiblenotenutra60k.htm NOTE AGREEMENT DATED OCTOBER 2, 2014, BETWEEN NUTAFUELS AND JOHN HAMPTON THIS CONVERTIBLE PROMISSORY NOTE AND THE SHARES OF COMMON STOCK INTO WHICH ALL OR A PORTION OF THE PRINCIPAL AMOUNT HEREOF AND INTEREST ACCRUED THEREON MAY BE CONVERTED MAY NOT BE SOLD, ASSIGNED, TRANSFERRED, CONVEYED, PLEDGED, HYPOTHECATED, ENCUMBERED,




THIS CONVERTIBLE PROMISSORY NOTE AND THE SHARES OF COMMON STOCK INTO WHICH ALL OR A PORTION OF THE PRINCIPAL AMOUNT HEREOF AND INTEREST ACCRUED THEREON MAY BE CONVERTED MAY NOT BE SOLD, ASSIGNED, TRANSFERRED, CONVEYED, PLEDGED, HYPOTHECATED, ENCUMBERED, OR OTHERWISE DISPOSED OF UNLESS (A) THEY ARE COVERED BY A REGISTRATION STATEMENT OR POST-EFFECTIVE AMENDMENT THERETO, EFFECTIVE UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”), OR (B) SUCH SALE, ASSIGNMENT, TRANSFER, CONVEYANCE, PLEDGE, HYPOTHECATION, ENCUMBRANCE OR OTHER DISPOSITION IS EXEMPT FROM THE PROVISIONS OF SECTION 5 OF THE 1933 ACT AND ANY OTHER APPLICABLE SECURITIES LAWS.


CONVERTIBLE PROMISSORY NOTE


FOR VALUE RECEIVED, NUTRAFUELS, INC, a Florida corporation (the “Maker”), promises to pay to the order of John Hampton, an individual (the “Holder”), the principal amount of sixty thousand dollars ($60,000), together with accrued interest, on or before November 2, 2014.   At no time shall the aggregate obligation of Maker to Holder exceed the principal sum of this Note plus accrued but unpaid interest on amounts previously received.  Maker may at any time prior to conversion, redemption or repayment in full of this Note repay all or any part of said loans under this Note.


1. Interest.  The outstanding  principal balance of this Note shall accrue interest at a fixed rate of ten percent (10%) per annum. Interest  shall be calculated on the basis of a 365-day year.


2.  Interest  Method Of  Payment;  Application. Payments  (including  all prepayments)  received  by Holder on this  Note  shall  be  applied  first to the payment of accrued and unpaid  interest and only  thereafter to the  outstanding principal balance of this Note.


3. Common Stock Consideration. As additional consideration for providing the principal amount representing by this obligation, the Maker shall deliver 150,000 shares of its restricted common stock to Holder upon execution hereof.


4. Conversion.  Holder  shall  have  the  right  to  convert  the outstanding  principal  balance of and accrued  interest  on this Note,  or such lesser  portion  thereof as Holder may elect,  into Shares  ("Shares") of Maker's Common Stock (the “Common Stock”) at any time unless this Note is sooner redeemed or paid in full. In the event that Maker undertakes a corporate restructuring this Note shall be binding upon any successor entity or assign.


Upon any conversion of this  Note,  the  sum of the  principal  balance  and  accrued  interest,  to be converted  shall be converted  into shares of the Maker’s Common Stock (the “Conversion Shares”). The per share conversion price (the “Conversion Price”) shall be $1.00 per common share.


Upon any conversion of this Note, Holder shall  deliver  to  Maker  at  Maker's  principal  office  this  Note (or of any replacement Note),  together with the written notice of election to convert (the "Notice of  Conversion")  attached  hereto as Exhibit A and made a part  hereof. Conversion  shall be deemed to have been effected on the date when such delivery of  the  conversion notice  is  actually  made.  As  promptly as  practicable thereafter,  Maker shall issue and deliver to or upon the written order of Holder a  certificate  or  certificates  for the number of Shares to which the Holder is entitled. Upon conversion of only a portion of the principal of this Note, Maker shall issue and deliver  to, or upon the written  order of Holder,  a new Note in the principal  amount of this Note not converted,  which new Note shall entitle the Holder to interest  on the  principal  amount to the same extent as if the unconverted portion of this Note had not been surrendered for conversion. Maker covenants  that all Shares, which may be issued  upon  conversion,  will,  upon issuance, be fully paid and  non-assessable and free from all taxes,  liens and charges caused or created by Maker with respect to the issuance.


5. Prepayment.  

Maker may prepay the principal and accrued interest due at any time without penalty.


6.   Notices. All notices or other communications required or provided to be sent by either party shall be in writing and shall be sent by: (i) by United States Postal Service, certified mail, return receipt requested, (ii) by any nationally known overnight delivery service for next day delivery, (iii) delivered in person or (iv) sent by telecopier or facsimile machine which automatically generates a transmission report that states the date and time of the transmission, the length of the document transmitted and the telephone number of the recipient’s telecopier or facsimile machine (with a copy thereof sent in accordance with clause (i), (ii) or (iii) above).  All notices shall be deemed to have been given upon receipt. All notices shall be addressed to the parties at the addresses below:


To the Maker: NutraFuels, Inc.  6601 Lyons Road, L 6 Coconut Creek, FL 33073


To the Holder: John Hampton 1401 East 3rd Street, #2 Long Beach Ca 90802


7. Governing law. This Note shall be governed by, and shall be construed and interpreted in accordance with the laws of the State of Florida, without giving effect to the principles of conflicts of laws thereof.


8. Entire agreement. This Note constitutes the entire agreement between the parties with respect to the subject matter hereof and may not be modified, amended, or changed except in writing.  


9. Benefits; binding effect.  This note shall be for the benefit of, and shall be binding upon, the Maker and the Holder and their respective successors and assigns.


10. Jurisdiction and venue. Any claim or dispute arising out of, connected with, or in any way related to this Note shall be instituted by the complaining party and adjudicated in a court of competent jurisdiction located in Broward County, Florida.


11. Headings. The headings contained in this Note are for reference purposes only and shall not affect in any way the meaning or interpretation of any or all of the provisions hereof.


IN WITNESS WHEREOF, the Maker, by and through its undersigned officer thereunto duly authorized, has executed and delivered this Note on October __, 2014.


NutraFuels, Inc.


_______________________________________

By:  Edgar Ward

Title: Chief Executive Officer



_______________________________________

John Hampton, Holder



1 | Page



EX-101.INS 7 ntfl-20140930.xml XBRL INSTANCE DOCUMENT 27055 63255 12503 10068 25000 274115 274925 313673 373247 262098 274282 575771 647529 26754 109707 103886 41099 437650 262823 210000 210000 25000 95000 95000 898290 718629 2200 2124 3773385 2707549 -4098104 -2780773 -322519 -71100 575771 647529 0.0001 0.0001 10000 10000 1000 1000 1000 1000 0.0001 0.0001 500000000 500000000 21998408 21238408 21998408 21238408 13135 12438 39307 38772 896313 29314 381247 191427 9317 -22400 -7956 -2435 -84610 25000 810 -241630 62787 25243 -74999 -50956 -1076476 -644387 -4724 -263810 -4724 -263810 650000 390000 420000 300000 -310600 -25000 455000 1045000 834400 -36200 -73797 63255 144750 27055 70953 150000 43822 52778 111803 290000 5337 192243 53247 479328 88332 90058 144098 183305 -82995 102185 -90851 296023 72612 54484 253859 168519 48500 59221 132500 125289 180022 571429 542144 1547065 13135 12438 39307 38772 314269 697572 977810 1879645 7956 1 15 -102621 -7239 -256641 -34461 -499884 -602626 -1618083 -0.02 -0.03 -0.06 -0.09 21857865 20971595 21593151 17526309 10-Q 2014-09-30 false NUTRAFUELS INC 0001563463 --12-31 21788408 Smaller Reporting Company Yes No No 2014 Q3 <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><b><font lang="EN-US">NOTE 1 &#150; DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION, AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</font></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><i><font lang="EN-US">Description of Business</font></i></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">Nutrafuels is the producer of nutritional supplements that uses micro molecular formulae and a utilization of an oral spray to provide faster and more efficient absorption.</font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><i><font lang="EN-US">Basis of presentation</font></i></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">The financial statements have been prepared by Nutrafuels, Inc. in accordance with accounting principles generally accepted in the United States. &#160;The information furnished herein reflects all adjustments (consisting of normal recurring accruals and adjustments), which are, in the opinion of management, necessary to fairly present the financial position and operating results for the respective periods.</font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal period, as reported in the Company&#146;s most recent annual report on Form 10-K, have been omitted. &nbsp;</font></p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><b><font lang="EN-US">NOTE 2 &#150; GOING CONCERN</font></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">As shown in the accompanying financial statements, we have incurred losses from inception, including net losses of $</font><font lang="EN-US">1,317,331 </font><font lang="EN-US">for the nine months ended September 30, 2014. &#160;In response to these conditions, we may raise additional capital through the sale of equity securities, through an offering of debt securities or through borrowings from financial institutions or individuals. &#160;The financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.&#160; </font></p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><b><font lang="EN-US">NOTE 3 &#150; NOTES PAYABLE&nbsp;</font></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">During February 2014, an investor loaned the Company $</font><font lang="EN-US">50,000 </font><font lang="EN-US">with a maturity date of May 1, 2014.&#160; The investor also received </font><font lang="EN-US">50,000</font><font lang="EN-US"> shares of common stock in conjunction with the loan. &nbsp;The proceeds were allocated using relative fair value to the stock and loan as follows:</font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0"> <tr align="left"> <td width="236" valign="bottom" style='width:177.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">Relative fair value of stock</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="10" valign="bottom" style='width:7.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">$</font></p> </td> <td width="55" valign="bottom" style='width:41.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">25,000</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> </tr> <tr align="left"> <td width="236" valign="bottom" style='width:177.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">Relative fair value of note payable</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="10" valign="bottom" style='width:7.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;$</font></p> </td> <td width="55" valign="bottom" style='width:41.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">25,000</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> </tr> </table> </div> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">The discount on the note, $25,000, will be recognized as additional interest over the life of the note.&#160; As of September 30, 2014, the note&#146;s discount has been fully amortized.</font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">The note became due on May 1, 2014 and has not been paid in full as of September 30, 2014.&#160; An informal extension has been granted by the investor.</font><font lang="EN-US">[s1]&nbsp;</font></p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:8.35pt;line-height:normal'><b><font lang="EN-US">NOTE 4 &#150; CONVERTIBLE DEBT</font></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">On March 26, 2014, the Company borrowed $</font><font lang="EN-US">290,000 </font><font lang="EN-US">under a convertible note agreement with an investor. &nbsp;The note bears an interest rate of </font><font lang="EN-US">10</font><font lang="EN-US">%, matures on March 26, 2015, and is convertible at $1.00 per share.&#160; The investor received warrants to purchase </font><font lang="EN-US">500,000</font><font lang="EN-US"> shares of common stock at $</font><font lang="EN-US">0.50 </font><font lang="EN-US">per share with a two year exercise term.</font></p> <font lang="EN-US"> </font> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">We evaluated the warrants for derivative accounting consideration under ASC Topic 815-40, Derivatives and Hedging &#150; Contracts in Entity&#146;s own stock. &#160;We concluded that the warrants meet the criteria for classification in stockholders' equity. &#160;Therefore, derivative accounting is not applicable for the warrants.&#160; Accordingly, we allocated the proceeds from the transaction to the debt, stock, and warrants based on their relative fair value. &nbsp;We determined the fair value of the warrants using a Black-Sholes option pricing model with the following inputs:</font></p> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0"> <tr align="left"> <td width="235" valign="bottom" style='width:176.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">Risk-free interest rate</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="54" valign="bottom" style='width:40.5pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal'><font lang="EN-US">0.45</font></p> </td> <td width="11" valign="bottom" style='width:8.35pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">%</font></p> </td> </tr> <tr align="left"> <td width="235" valign="bottom" style='width:176.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">Dividend yield</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="54" valign="bottom" style='width:40.5pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal'><font lang="EN-US">-</font></p> </td> <td width="11" valign="bottom" style='width:8.35pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">%</font></p> </td> </tr> <tr align="left"> <td width="235" valign="bottom" style='width:176.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">Volatility factor</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="54" valign="bottom" style='width:40.5pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal'><font lang="EN-US">145</font></p> </td> <td width="11" valign="bottom" style='width:8.35pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">%</font></p> </td> </tr> <tr align="left"> <td width="235" valign="bottom" style='width:176.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">Expected life (years)</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="54" valign="bottom" style='width:40.5pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal'><font lang="EN-US">&nbsp;</font><font lang="EN-US">2</font></p> </td> <td width="11" valign="bottom" style='width:8.35pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> </tr> </table> </div> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">The volatility was determined by referring to the average historical volatility of a peer group of public companies because we do not have a trading history from which to determine historical volatility.&nbsp;</font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">The fair value of the investment was allocated between the note and warrant as follows:</font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0"> <tr align="left"> <td width="236" valign="bottom" style='width:177.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">Relative fair value of warrants</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="8" valign="bottom" style='width:6.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="55" valign="bottom" style='width:41.25pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal'><font lang="EN-US">$</font><font lang="EN-US">167,447</font></p> </td> <td width="12" valign="bottom" style='width:9.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> </tr> <tr align="left"> <td width="236" valign="bottom" style='width:177.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">Relative fair value of note payable</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="8" valign="bottom" style='width:6.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="55" valign="bottom" style='width:41.25pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal'><font lang="EN-US">$</font><font lang="EN-US">122,553</font></p> </td> <td width="12" valign="bottom" style='width:9.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> </tr> </table> </div> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">Because the price for recent sales of common stock exceeded the effective conversion price, we also recognized a beneficial conversion feature of $</font><font lang="EN-US">122,553</font><font lang="EN-US">. &nbsp;The total discount on the note, $290,000, will be recognized as additional interest over the life of the note. &nbsp;As of September 30, 2014, the remaining amount of the discount is $</font><font lang="EN-US">221,346</font><font lang="EN-US">.</font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">On June 7, 2013, we entered into a convertible note in the principal amount of </font><font lang="EN-US">100,000</font><font lang="EN-US"> which bears interest at the rate of </font><font lang="EN-US">10</font><font lang="EN-US">% per annum. &#160;At the option of the investor, the outstanding principal and interest due under the note may be converted into shares of our common stock at the price of $</font><font lang="EN-US">1.00 </font><font lang="EN-US">per share. &#160;The note had originally had a due date of June 1, 2014 and was convertible at the most recent price we offered or sold common in an offering registered with the Securities and Exchange Commission. &#160;On September 7, 2013, the note was amended to allow the amounts outstanding to be converted into our common stock at the price of $</font><font lang="EN-US">1.00 </font><font lang="EN-US">per share. </font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">The note became due on June 1, 2014 and has not been paid as of September 30, 2014.</font><font lang="EN-US">&#160; </font><font lang="EN-US">Subsequent to September 30, 2014, the note was amended and granted new due date of June 1, 2015.</font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">On August 26, 2013, we entered into a note agreement with an investor with a principal amount of $</font><font lang="EN-US">200,000</font><font lang="EN-US">. &#160;The note bears interest at the rate of </font><font lang="EN-US">15</font><font lang="EN-US">% per annum and is due on August 26, 2014. &#160;Under the terms of the note, the investor received 250,000 common shares and 500,000 common stock purchase warrants. &#160;The warrants are exercisable at the price of $</font><font lang="EN-US">0.75 </font><font lang="EN-US">per share at any time prior to August 26, 2015. </font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">The note became due August 26, 2014 and has not been paid as of September 30, 2014.</font><font lang="EN-US">&#160; </font><font lang="EN-US">Subsequent to September 30, 2014, the note was amended and granted new due date of August 26, 2015.</font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">On June 23, 2014, the Company borrowed $</font><font lang="EN-US">30,000 </font><font lang="EN-US">under a convertible note agreement with an investor. &nbsp;The note bears an interest rate of </font><font lang="EN-US">10</font><font lang="EN-US">%, matures on June 23, 2015, and is convertible at $</font><font lang="EN-US">1.00 </font><font lang="EN-US">per share. &#160;Because the market price for our common stock on the date of the note exceeded the note&#146;s conversion price, $1.00 per share, we recognized a beneficial conversion feature of $</font><font lang="EN-US">21,600 </font><font lang="EN-US">as a discount on the note. &nbsp;The discount will be recognized as additional interest over the life of the note. &nbsp;As of September 30, 2014, the remaining amount of the discount is $</font><font lang="EN-US">18,382</font><font lang="EN-US">.</font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">On August 27, 2014, the Company borrowed $</font><font lang="EN-US">50,000 </font><font lang="EN-US">under a convertible note agreement with an investor. &nbsp;The note bears an interest rate of 10%, matures on January 2 2015, and is convertible at $</font><font lang="EN-US">1.00 </font><font lang="EN-US">per share. &nbsp;The investor also received 50,000 shares of common stock with the issuance of the note.</font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">The fair value of the investment was allocated among the shares, note payable, and beneficial conversion feature:</font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0"> <tr align="left"> <td width="236" valign="bottom" style='width:177.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">Relative fair value of shares</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="8" valign="bottom" style='width:6.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="53" valign="bottom" style='width:39.75pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal'><font lang="EN-US">$</font><font lang="EN-US">27,778</font></p> </td> <td width="14" valign="bottom" style='width:10.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> </tr> <tr align="left"> <td width="236" valign="bottom" style='width:177.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">Relative fair value of conversion feature</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="8" valign="bottom" style='width:6.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="53" valign="bottom" style='width:39.75pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal'><font lang="EN-US">$</font><font lang="EN-US">22,222</font></p> </td> <td width="14" valign="bottom" style='width:10.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> </tr> <tr align="left"> <td width="236" valign="bottom" style='width:177.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">Relative fair value of note payable</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="8" valign="bottom" style='width:6.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="53" valign="bottom" style='width:39.75pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal'><font lang="EN-US">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</font></p> </td> <td width="14" valign="bottom" style='width:10.5pt;background:#CCEEFF;padding:0'></td> </tr> </table> </div> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">The note is fully discounted in the amount of $</font><font lang="EN-US">50,000 </font><font lang="EN-US">will be amortized over the life of the note.&#160; As of September 30, 2014, the remaining balance on the debt discount is $</font><font lang="EN-US">42,622</font><font lang="EN-US">.</font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">We evaluated the conversion features embedded in the&nbsp;notes payable described above for derivative accounting in accordance with ASC 815-40, Derivatives and Hedging embedded in the modified notes payable for derivative accounting in accordance with the criteria for classification in stockholders' equity. &#160;Therefore, derivative accounting is not applicable.</font></p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><b><font lang="EN-US">NOTE 5 &#150; SHAREHOLDERS&#146; EQUITY</font></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">During April 2014, an investor purchased </font><font lang="EN-US">500,000 </font><font lang="EN-US">shares for $</font><font lang="EN-US">1.00 </font><font lang="EN-US">per share. &nbsp;The investor also received warrants to purchase </font><font lang="EN-US">500,000</font><font lang="EN-US"> shares at exercise price of $</font><font lang="EN-US">0.50 </font><font lang="EN-US">per share. &nbsp;The warrants have a one-year term.</font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">During September 2014, an investor purchased </font><font lang="EN-US">150,000</font><font lang="EN-US"> shares for $</font><font lang="EN-US">1.00 </font><font lang="EN-US">per share.&#160; The investor also received warrants to purchase </font><font lang="EN-US">150,000</font><font lang="EN-US"> shares at exercise price of $</font><font lang="EN-US">0.20 </font><font lang="EN-US">per share. &nbsp;The warrants have a one-year term.</font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">For the three months ended September 30, 2014, there were </font><font lang="EN-US">10,000 </font><font lang="EN-US">shares of stock issued for services, resulting in stock based compensation expense of $</font><font lang="EN-US">29,314</font><font lang="EN-US">.</font></p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><b><font lang="EN-US">NOTE 6 &#150; COMMITMENTS &amp; CONTINGENCIES</font></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">During January 2014, we were granted a license to market nutritional supplements under the TapouT XT name to retail locations worldwide. &#160;Under the license agreement, we are required to pay a royalty fee to Nutra Evolution of 12.5% of net sales. &#160;The agreement provides us with an initial test period of four years, until January 31, 2018, to distribute the product. &#160;We paid $</font><font lang="EN-US">85,000 </font><font lang="EN-US">in conjunction with the license. &#160;At the expiration of this four year period, we may extend the license for three (3) consecutive three (3) year terms. &#160;We are required to pay minimum royalties of $400,000 during the first contract year; $750,000 during the second contract year and $1,000,000 each year thereafter.</font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">In late April 2014, the Company entered into an agreement with Sullivan Media Group, a Nevada corporation, to conduct market research in regards to promotion of the NutraFuels brand at a cost of $</font><font lang="EN-US">104,500</font><font lang="EN-US">.</font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">On May 26, 2014, we entered into an agreement with SRC Sales Inc., a Massachusetts corporation (&#147;SRC Sales&#148;) to be the exclusive distributor of our products to certain retailers (the &#147;Retailer Accounts&#148;) in the United States and Canada.&#160; We agreed to pay 7% of sales derived from any Retailer Account obtained from the efforts of SRC Sales. &#160;The agreement has a term of 36 months.&#160; We agreed to issue 50,000 restricted shares of our common stock to SRC Sales for each Retailer Account, and 50,000 shares for each order of $500,000.&#160; For purposes of the agreement, Retailer Account means a retailer with more than 200 locations.&#160; The terms of the Agreement do not apply to any of our prior or existing customers.</font></p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><b><font lang="EN-US">NOTE 7 &#150; NOTES PAYABLE - RELATED PARTY</font></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">As of September 30 2014, the Company is indebted to Neil Catania, vice president, for $</font><font lang="EN-US">305,000</font><font lang="EN-US">.&#160; From time to time, Mr. Catania has advanced funds to the Company with no formal note agreement.&#160; During 2013, Mr. Catania advanced $</font><font lang="EN-US">405,000 </font><font lang="EN-US">to the Company and the Company repaid $310,000, resulting a net balance due to him of $95,000.&#160; The remaining $210,000 relates to two convertible notes payable, which are described below.&nbsp;</font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">On November 15, 2012, the Company borrowed $</font><font lang="EN-US">135,000 </font><font lang="EN-US">under a convertible note agreement with Neil Catania, vice president. &#160;Under the original terms of the note, it was convertible at the most recent price of shares sold in an offering registered with SEC. &#160;The note bears interest at </font><font lang="EN-US">10</font><font lang="EN-US">% and is due on November 15, 2014.&#160; As of December 31, 2012, $</font><font lang="EN-US">160,000 </font><font lang="EN-US">in principal was outstanding. &#160;During September 2013, the note was modified to establish a set conversion price of $</font><font lang="EN-US">1.00 </font><font lang="EN-US">per share. &#160;Because no registered offering of our common stock has occurred, the notes did not have an effective conversion feature before the modification occurred and thus derivative treatment could not be determined.&#160; Additionally, there was no beneficial conversion feature associated with the notes prior to their modification. &nbsp;</font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">Subsequent to September 30, 2014, the note was amended and granted new due date of November 15, 2015.</font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">We evaluated the modification using the criteria set forth in ASC Topic 470-50, Debt &#150; Modifications and Extinguishments and we determined that the modification was an extinguishment because there was a substantial modification of terms.&#160; However, we did not experience a gain or loss on extinguishment because the fair value of the extinguished note was the same as the fair value of the modified note.&#160; There was no beneficial conversion feature associated with the modified note because the conversion price equaled or exceeded the cash sales prices of common stock ($.35 per share) that had occurred before the modification.</font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">On February 15, 2013 Mr. Catania lent the Company an additional $</font><font lang="EN-US">50,000</font><font lang="EN-US">.&#160; The note is convertible into common stock at a price of $</font><font lang="EN-US">1.00 </font><font lang="EN-US">per share.&#160; The note bears interest at </font><font lang="EN-US">10</font><font lang="EN-US">% and is due on May 15, 2014.&#160; The conversion feature was not beneficial at the time of issuance because the conversion price equaled or exceeded the cash sales prices of common stock ($.35 per share) that had occurred before the modification.</font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">The note became due on May 15, 2014 and has not been paid as of September 30, 2014.&#160; Subsequent to September 30, 2014, the note was amended and granted new due date of November 15, 2015.</font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">We evaluated the conversion features embedded in the modified November Note and the February Note for derivative accounting in accordance with ASC 815-40, Derivatives and Hedging &#150; Contracts in Entity&#146;s own stock and concluded that the conversion features meet the criteria for classification in stockholders' equity. &#160;Therefore, derivative accounting is not applicable.</font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">On February 15, 2012, we entered into a convertible note with an investor with an aggregate principal and interest outstanding of $</font><font lang="EN-US">50,000 </font><font lang="EN-US">which bears interest at the rate of </font><font lang="EN-US">10</font><font lang="EN-US">% per annum. &#160;The note had originally had a due date of November 15, 2013 and was convertible at the most recent price we offered or sold common in an offering registered with the Securities and Exchange Commission. &#160;On September 7, 2013, the note was amended to (i) extend the repayment date to November 15, 2014 and allow the amounts outstanding to be converted into our common stock at the price of $</font><font lang="EN-US">1.00 </font><font lang="EN-US">per share.</font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">Subsequent to September 30, 2014, the note was amended and granted new due date of January 15, 2015.</font></p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><b><font lang="EN-US">NOTE 8 &#150; SUBSEQUENT EVENTS</font></b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">During October 2014, </font><font lang="EN-US">[s2]&nbsp;</font><font lang="EN-US">the company entered into a convertible note with an investor with a principal amount of $60,000, and bears an interest rate of 10%.&#160; As additional consideration for providing the principal amount, the investor shall also receive 150,000 shares of common stock.&#160; </font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">The note was due on November 2, 2014 and has not been paid.</font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">In November 2014, the Company issued a $30,000 convertible note along with an equity consideration to raise additional capital.</font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">During November 2014, the due dates for several notes payable was extended, as detailed in Notes 4 and 7.</font></p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><i><font lang="EN-US">Description of Business</font></i></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">Nutrafuels is the producer of nutritional supplements that uses micro molecular formulae and a utilization of an oral spray to provide faster and more efficient absorption.</font></p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><i><font lang="EN-US">Basis of presentation</font></i></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">The financial statements have been prepared by Nutrafuels, Inc. in accordance with accounting principles generally accepted in the United States. &#160;The information furnished herein reflects all adjustments (consisting of normal recurring accruals and adjustments), which are, in the opinion of management, necessary to fairly present the financial position and operating results for the respective periods.</font></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><font lang="EN-US">Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal period, as reported in the Company&#146;s most recent annual report on Form 10-K, have been omitted. &nbsp;</font></p> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0"> <tr align="left"> <td width="236" valign="bottom" style='width:177.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">Relative fair value of stock</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="10" valign="bottom" style='width:7.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">$</font></p> </td> <td width="55" valign="bottom" style='width:41.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">25,000</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> </tr> <tr align="left"> <td width="236" valign="bottom" style='width:177.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">Relative fair value of note payable</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="10" valign="bottom" style='width:7.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;$</font></p> </td> <td width="55" valign="bottom" style='width:41.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">25,000</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> </tr> </table> </div> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0"> <tr align="left"> <td width="235" valign="bottom" style='width:176.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">Risk-free interest rate</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="54" valign="bottom" style='width:40.5pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal'><font lang="EN-US">0.45</font></p> </td> <td width="11" valign="bottom" style='width:8.35pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">%</font></p> </td> </tr> <tr align="left"> <td width="235" valign="bottom" style='width:176.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">Dividend yield</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="54" valign="bottom" style='width:40.5pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal'><font lang="EN-US">-</font></p> </td> <td width="11" valign="bottom" style='width:8.35pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">%</font></p> </td> </tr> <tr align="left"> <td width="235" valign="bottom" style='width:176.25pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">Volatility factor</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="54" valign="bottom" style='width:40.5pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal'><font lang="EN-US">145</font></p> </td> <td width="11" valign="bottom" style='width:8.35pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">%</font></p> </td> </tr> <tr align="left"> <td width="235" valign="bottom" style='width:176.25pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">Expected life (years)</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="54" valign="bottom" style='width:40.5pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal'><font lang="EN-US">&nbsp;</font><font lang="EN-US">2</font></p> </td> <td width="11" valign="bottom" style='width:8.35pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> </tr> </table> </div> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0"> <tr align="left"> <td width="236" valign="bottom" style='width:177.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">Relative fair value of warrants</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="8" valign="bottom" style='width:6.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="55" valign="bottom" style='width:41.25pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal'><font lang="EN-US">$</font><font lang="EN-US">167,447</font></p> </td> <td width="12" valign="bottom" style='width:9.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> </tr> <tr align="left"> <td width="236" valign="bottom" style='width:177.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">Relative fair value of note payable</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="8" valign="bottom" style='width:6.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="55" valign="bottom" style='width:41.25pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal'><font lang="EN-US">$</font><font lang="EN-US">122,553</font></p> </td> <td width="12" valign="bottom" style='width:9.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> </tr> </table> </div> <!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'>&nbsp;</p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0"> <tr align="left"> <td width="236" valign="bottom" style='width:177.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">Relative fair value of shares</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="8" valign="bottom" style='width:6.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="53" valign="bottom" style='width:39.75pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal'><font lang="EN-US">$</font><font lang="EN-US">27,778</font></p> </td> <td width="14" valign="bottom" style='width:10.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> </tr> <tr align="left"> <td width="236" valign="bottom" style='width:177.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">Relative fair value of conversion feature</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="8" valign="bottom" style='width:6.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="53" valign="bottom" style='width:39.75pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal'><font lang="EN-US">$</font><font lang="EN-US">22,222</font></p> </td> <td width="14" valign="bottom" style='width:10.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> </tr> <tr align="left"> <td width="236" valign="bottom" style='width:177.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">Relative fair value of note payable</font></p> </td> <td width="5" valign="bottom" style='width:3.75pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="8" valign="bottom" style='width:6.0pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><font lang="EN-US">&nbsp;</font></p> </td> <td width="53" valign="bottom" style='width:39.75pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;line-height:107%;margin-bottom:0in;margin-bottom:.0001pt;text-align:right;line-height:normal'><font lang="EN-US">$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -</font></p> </td> <td width="14" valign="bottom" style='width:10.5pt;background:#CCEEFF;padding:0'></td> </tr> </table> </div> -1317331 50000 50000 25000 25000 290000 0.1000 500000 0.50 0.0045 1.4500 2 167447 122553 122553 221346 100000 0.1000 1.00 1.00 200000 0.1500 0.75 30000 0.1000 1.00 21600 18382 50000 1.00 27778 22222 50000 42622 500000 1.00 500000 0.50 150000 1.00 150000 0.20 10000 29314 85000 104500 305000 405000 135000 0.1000 160000 1.00 50000 1.00 0.1000 50000 0.1000 1.00 0001563463 2013-12-31 0001563463 2012-12-31 0001563463 2014-01-01 2014-09-30 0001563463 2014-09-30 0001563463 2014-07-01 2014-09-30 0001563463 2013-07-01 2013-09-30 0001563463 2013-01-01 2013-09-30 0001563463 2013-09-30 0001563463 2014-02-28 0001563463 fil:StockAndLoanMember 2014-01-01 2014-09-30 0001563463 2014-03-26 0001563463 fil:NoteAndWarrantsMember 2014-07-01 2014-09-30 0001563463 2013-06-07 0001563463 2013-09-07 0001563463 2013-08-26 0001563463 2014-06-23 0001563463 2014-08-27 0001563463 2014-04-01 2014-04-30 0001563463 2014-04-30 0001563463 2014-09-01 2014-09-30 0001563463 fil:SullivanMediaGroupMember 2014-04-01 2014-04-30 0001563463 fil:NeilCataniaMember 2014-09-30 0001563463 fil:NeilCataniaMember 2013-12-31 0001563463 fil:NeilCataniaMember 2012-11-15 0001563463 fil:NeilCataniaMember 2012-12-31 0001563463 fil:NeilCataniaMember 2013-09-30 0001563463 fil:NeilCataniaMember 2013-02-15 0001563463 2012-02-15 0001563463 fil:SullivanMediaGroupMember 2014-01-01 2014-01-31 0001563463 fil:NeilCataniaMember 2012-02-15 iso4217:USD shares iso4217:USD shares pure net of accumulated depreciation of $85,399 and $46,092, respectively. net of discount of $282,350 and $87,177 $0.0001 par value; Authorized 10,000; issued and outstanding 1,000 and 10,000 respectively. $0.0001 par value; Authorized 500,000,000; issued and outstanding 21,998,408 and 21,238,408 respectively. EX-101.SCH 8 ntfl-20140930.xsd XBRL TAXONOMY EXTENSION SCHEMA 000240 - Disclosure - Note 4 - Convertible Debt: Schedule of Derivative Liabilities at Fair Value (Details) link:presentationLink link:definitionLink link:calculationLink 000060 - Disclosure - Note 1 - Description of Business, Basis of Presentation, and Summary of Significant Accounting Policies link:presentationLink link:definitionLink link:calculationLink 000170 - Disclosure - Note 4 - Convertible Debt: Schedule of Derivative Liabilities at Fair Value (Tables) link:presentationLink link:definitionLink link:calculationLink 000160 - Disclosure - Note 3 -notes Payable: Schedule of Fair Value Stock and Loan (Tables) link:presentationLink link:definitionLink link:calculationLink 000070 - Disclosure - Note 2 - Going Concern link:presentationLink link:definitionLink link:calculationLink 000120 - Disclosure - Note 7 - Notes Payable - Related Party link:presentationLink link:definitionLink link:calculationLink 000110 - Disclosure - Note 6 - Commitments & Contingencies link:presentationLink link:definitionLink link:calculationLink 000180 - Disclosure - Note 4 - Convertible Debt: Schedule of Fair Value Note and Warrant (Tables) link:presentationLink link:definitionLink link:calculationLink 000040 - Statement - NutraFuels, Inc. - Statements of Operations link:presentationLink link:definitionLink link:calculationLink 000270 - Disclosure - Note 5 - Shareholders' Equity (Details) link:presentationLink link:definitionLink link:calculationLink 000150 - Disclosure - Note 1 - Description of Business, Basis of Presentation, and Summary of Significant Accounting Policies: Basis of Presentation (Policies) link:presentationLink link:definitionLink link:calculationLink 000140 - Disclosure - Note 1 - Description of Business, Basis of Presentation, and Summary of Significant Accounting Policies: Description of Business (Policies) link:presentationLink link:definitionLink link:calculationLink 000030 - Statement - Statement of Financial Position - Parenthetical link:presentationLink link:definitionLink link:calculationLink 000230 - Disclosure - Note 4 - Convertible Debt (Details) link:presentationLink link:definitionLink link:calculationLink 000220 - Disclosure - Note 3 -notes Payable: Schedule of Fair Value Stock and Loan (Details) link:presentationLink link:definitionLink link:calculationLink 000210 - Disclosure - Note 3 -notes Payable (Details) link:presentationLink link:definitionLink link:calculationLink 000050 - Statement - NutraFuels, Inc. - Statements of Cash Flows link:presentationLink link:definitionLink link:calculationLink 000100 - Disclosure - Note 5 - Shareholders' Equity link:presentationLink link:definitionLink link:calculationLink 000080 - Disclosure - Note 3 -notes Payable link:presentationLink link:definitionLink link:calculationLink 000250 - Disclosure - Note 4 - Convertible Debt: Schedule of Fair Value Note and Warrant (Details) link:presentationLink link:definitionLink link:calculationLink 000010 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 000130 - Disclosure - Note 8 - Subsequent Events link:presentationLink link:definitionLink link:calculationLink 000090 - Disclosure - Note 4 - Convertible Debt link:presentationLink link:definitionLink link:calculationLink 000190 - Disclosure - Note 4 - Convertible Debt: Schedule of Fair Value Investment (Tables) link:presentationLink link:definitionLink link:calculationLink 000020 - Statement - NutraFuels, Inc. - Balance Sheets link:presentationLink link:definitionLink link:calculationLink 000280 - Disclosure - Note 6 - Commitments & Contingencies (Details) link:presentationLink link:definitionLink link:calculationLink 000290 - Disclosure - Note 7 - Notes Payable - Related Party (Details) link:presentationLink link:definitionLink link:calculationLink 000200 - Disclosure - Note 2 - Going Concern (Details) link:presentationLink link:definitionLink link:calculationLink 000260 - Disclosure - Note 4 - Convertible Debt: Schedule of Fair Value Investment (Details) link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 9 ntfl-20140930_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 10 ntfl-20140930_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 11 ntfl-20140930_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Loans Payable, Current Debt Instrument Principal Outstanding Debt Instrument Principal Outstanding. Commitments & Contingencies {1} Commitments & Contingencies Discounted Note Discounted note. Tables/Schedules Shares issued with the issuance of debt Shares issued for the conversion of debt. Cash, beginning of period Cash, beginning of period Cash, end of period Net decrease for the period Accounts payable, increase decrease Stock for services- related party Common Stock, Par Value Total Current Liabilities Subscription receivable Entity Voluntary Filers Notes Payable- Related Party Relative Fair Value Warrants Relative fair value of warrants. Notes and Loans Payable Shares issued for conversion of debt Non-cash financing and investing activities: Borrowings on debt, related party Changes in operating assets and liabilities: Selling, general, and administrative Common Stock, Shares Issued Notes payable Current Liabilities: Commitments & Contingencies Debt Discount Debt Discount. Notes Net Cash Used In Operating Activities Net Cash Used In Operating Activities TOTAL OPERATING EXPENSES TOTAL OPERATING EXPENSES Cost of revenues Common Stock, Shares Outstanding TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT LIABILITIES AND STOCKHOLDERS' DEFICIT Accounts Payable, Interest-bearing, Interest Rate Due to Related Parties, Current Class of Warrant or Right, Exercise Price of Warrants or Rights Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate Debt Conversion Converted Instrument Warrants or Options Issued Debt Conversion Converted Instrument Warrants or Options Issued. Fair Value {1} Fair Value Schedule of Derivative Liabilities at Fair Value Interest Income Administrative salaries Preferred Stock, Shares Authorized Stockholders' Deficit Accounts payable Entity Registrant Name Relative Fair Value of Conversion Feature Relative Fair Value of Conversion Feature. Fair Value Assumptions, Expected Volatility Rate Statement {1} Statement Net cash used in Investing Activities Income from Indebtedness Value of stock issued in lieu of cash for services contributed to the entity. Value of the stock issued includes, but is not limited to, services contributed by vendors and founders. Depreciation Net loss per common share- basic and diluted Interest Expense Other Income (Expense): Retained earnings Notes payable, related party Property, Plant and Equipment, net Current Fiscal Year End Date Discounted Note {1} Discounted Note Discounted note. Schedule of Fair Value Stock and Loan Schedule of the fair value of stock and loans. Warrants issued with the issuance of debt Shares issued for the issuance of debt. Income tax paid in cash Accounts receivable, increase decrease Statement of Cash Flows Revenue Preferred Stock, Shares Outstanding Current Assets: Entity Current Reporting Status Sale of Stock, Price Per Share Share-based Compensation Beneficial Conversion Feature Beneficial conversion feature. Shares, Issued Note 8 - Subsequent Events Note 3 -notes Payable Interest paid in cash Investing Activities: Amortization of Debt Discount Preferred Stock, Shares Issued Convertible Note Issued Convertible Note Issued. Details Note 1 - Description of Business, Basis of Presentation, and Summary of Significant Accounting Policies Cash Debt Instrument Convertible Conversion Price Debt Instrument convertible conversion price. Remaining Contractual Term Remaining contractual term. Derivative, Variable Interest Rate Stock and Loan Repayments on debt Weighted average common shares outstanding- basic and diluted Income Statement Common stock Entity Central Index Key Document Period End Date Document Type Relative Fair Value of Note Payable Relative Fair Value of Note Payable. Debt Instrument, Unamortized Discount Policies Net Cash Provided by Financing Activities Net Cash Provided by Financing Activities Subscription receivable, increase decrease Income from indebtedness. Operating Activities: Operating Expenses: Additional paid-in capital Inventory Amendment Flag Common Stock Price Per Share Common Stock price per share. Relative Fair Value Stock Relative fair value of stock. Purchase of fixed assets Inventory, increase decrease Reclassification of Down Payment for Equipment Common Stock, Shares Authorized Accrued liabilities Accounts receivable Entity Filer Category Document and Entity Information: Neil Catania Short-term Debt, Percentage Bearing Fixed Interest Rate Schedule of Fair Value Investment Schedule of the fair value of an investment. Note 4 - Convertible Debt Net Loss Net Loss Advertising and promotion Preferred stock Document Fiscal Year Focus Entity Common Stock, Shares Outstanding Debt Instrument, Debt Default, Amount Proceeds from License Fees Received Sullivan Media Group Warrant Exercise Price Warrant exercise price. Note 7 - Notes Payable - Related Party Note 5 - Shareholders' Equity Supplementary Cash Flow Information: Common stock issued for cash Financing Activities: Convertible debt, related party Entity Well-known Seasoned Issuer Marketing Expense Note and Warrants Loans Payable Schedule of Fair Value Note and Warrant Schedule of the fair value of note and warrants. Note 6 - Commitments & Contingencies Note 2 - Going Concern Notes Payable- Related Party {1} Notes Payable- Related Party Common Stock Shares Purchased Common stock shares purchased. Long-term Debt Basis of Presentation Debt discount from beneficial conversion feature Repayments on debt, related party Borrowings on debt Accrued expenses, increase decrease Total Assets Total Assets Stock Issued During Period, Shares, Issued for Services Relative Fair Value Note Payable Relative fair value of note payable. Fair Value Description of Business Adjustments to reconcile net loss to net cash used in operations: Gross profit (loss) Preferred Stock, Par Value SHAREHOLDERS' DEFICIT SHAREHOLDERS' DEFICIT TOTAL CURRENT ASSETS TOTAL CURRENT ASSETS ASSETS Statement of Financial Position Entity Public Float Relative Fair Value of Shares Relative Fair Value of Shares Statement Stock for services Income for Indebtedness Depreciation {1} Depreciation Convertible debt Document Fiscal Period Focus EX-101.PRE 12 ntfl-20140930_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE EX-31.1 13 exhibit311.htm EXHIBIT 31.1 Converted by EDGARwiz

Exhibit 31.1

 CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 302 OF THE

SARBANES-OXLEY ACT OF 2002

 I, Edgar Ward, certify that:

 

1.    I have reviewed this quarterly report on Form 10-Q of  NutraFuels, Inc. for the quarter ending September 30, 2014.

 

2.    Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;

 

3.    Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report;

 

4.    The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal controls over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

 

a)

designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared;

 

 

b)

designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

 

c)

evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;

 

 

d)

disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an quarterly report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting;

 

5.    The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent function):

 

 

a)

all significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

 

b)

any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

 

 

 

 

Dated: November 19, 2014

By:

/s/ Edgar Ward

 

 

 Edgar Ward

 

 

Chief Executive Officer

 

 

(Principal Executive Officer)




EX-31.2 14 exhibit312.htm EXHIBIT 31.2 Converted by EDGARwiz

 

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906 OF THE

SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of NutraFuels, Inc., (the “Company”) on Form 10-Q for the period ended September 30, 2014 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), Edgar Ward, Chief Executive Officer of the Company, certifies, pursuant to 18 U.S.C. section 1350 of the Sarbanes-Oxley Act of 2002, that:

 

(1)  

The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

(2)  

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

 

 

 

Dated: November 19, 2014

By:

/s/ Edgar Ward

 

 

Edgar Ward

 

 

Chief Executive Officer

 

 

(Principal Executive Officer)

 

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

 

 

 




EXCEL 15 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx M4$L#!!0`!@`(````(0!F'MSGR0$``(03```3``@"6T-O;G1E;G1?5'EP97-= M+GAM;""B!`(HH``"```````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M``````````````````````````````````````#,F%U/PC`4AN]-_`]+;\W6 MM2JB87#AQZ62B#^@K@>VL+5-6Q#^O=WXB"$((9)X;EA@[7D?>O%D>WN#15U% M<["NU"HC+$E)!"K7LE23C'R,7N(NB9P72HI**\C($AP9]"\O>J.E`1>%W/%#J\@)JX1)M0(4[8VUKX<-7.Z%&Y%,Q`.*TKBK@$'H MWH3FSN\!ZWUOX6AL*2$:"NM?11TPZ**B7]I./[6>)H>'[*'4XW&9@]3YK`XG MD#AC04A7`/BZ2MIK4HM2;;@/Y+>+'6TO[,P@S?]K!Y_(P9%P7"/AN$'"<8N$ MHX.$XPX)1Q<)QST2#I9B`<%B5(9%J0R+4QD6J3(L5F58M,JP>)5A$2O#8E:. MQ:PP"3N'[6- MHR1`]_:$`X)*8]O1]N?//UO>[N9I5!\<8B].P[HH0;$S8GO7:GBMGU8/H&(B M9VD4QQJ.'&%7W=YL7WBDE)MBU_NHLHN+&KJ4_"-B-!U/%`OQ['*ED3!1RF%H MT9,9J&74"T\U<%J"`=[!ZH^^CSYLK$SO+ M=N5#9@NIS]NHFD++28,5\YS3$$X4UD^&'!Q0]47P```/__`P!02P,$%``&``@````A M`%"KK)4XNI9!KFWZ`L!7;Q):,I#[R]Q4F.`V$[27LQ2`)K\:SZ]F1 MUMN?KDV^M/.--;F`22H2;0I;-J;*Q&PO=V]R:V)O;VLN>&ULE)9;4]LP$(7?.]/_X/%[\95P&1)F@-#R M0C,-A4>-8BM8@RP92R;DWW=E$V?C*`Q]2F1GOZS..2O[XO*]%-X;JS57]I0V5.A9)L[*^9]B\GW[]=K%3]LE#JQ0.`U&._ M,*8Z#P*=%:RD^DA53,*=I:I+:F!9/P>ZJAG-=<&8*440A^$H*"F7?DK:I[6D+?[\+W!-5FFG/# M\K%_#$NU8CL7ZJ:Z:KB`NV=)F/C!I-_DK/9RMJ2-,`^PO0T=](K3.![97UHI M'CE;Z6V177KO3USF:F5_"M*N^U4"#:S:6T\\-P7<#\.PO_:+\>?";"X"/D#\ M5D'XG_;3D^WV-HH0<(I,I>%F3>YDISY78*%5_0YV%OE>?<[A2WV71[9Q3+EO M3$UO&R8T%&?DB@HJ,T;FME@C2(P@\1`R-]2`1M(0M22W7`*"4T%F2G-P"5$2 M1&G5_J25'JHM]3>BI(B2#GL9;&B711E&(G+#=%;SRD;--G'5 M:"Z9QKHD8'&/:6.QLR6+BFW'FK#^&'-":%4KD,%QD^MI`R#`".Q&% M3L8(>BA+;FP\M.W'@!9PWG#,P5Y$^QFU*IZ0>RP$^6./`):3&>:,D!G17DPM M@)R2>;/0[+6Q<9V^V:XPX003]B-J"0=C`6YNK85#M,]%M)_23T'@[!9TAD'N MH`Y"0N99P?(&+$><%`4WBVL3HS5@86K'8?, M74?(KAB+`XLOH+;/88QG'1;_!8+:+0@/>^P.M&-G74=0NP7A:>\>R>V] MC^=C.^W.$\RZCSEXYF-WH@^>8CN>X9F/W8D^>(QA4+JC=9OHH-T:O`)D5&3P M;F(_[".D#6JP>3.;_`,``/__`P!02P,$%``&``@````A`/6O]K9C!0``&Q0` M`!@```!X;"]W;W)K$_` M-M#SQ^MM[ M>3)>>=,6=;4QR=(V#5[E]:ZH#AOSG[\?%X%IM%U6[;)37?&-^<%;\]OVUU_6 M;W7SW!XY[PRP4+4;\]AUYY5EM?F1EUF[K,^\@I%]W919!U^;@]6>&Y[M^I?* MDT5MV[/*K*A,:6'5S+%1[_=%SI,Z?REYU4DC#3]E'?C?'HMS>[%6YG/,E5GS M_')>Y'5Y!A-/Q:GH/GJCIE'FJ^^'JFZRIQ/H?B=.EE]L]U^NS)=%WM1MO>^6 M8,Z2CEYK#JW0`DO;]:X`!6+9C8;O-^8#6:4D-*WMNE^@?PO^UBK_&^VQ?ONM M*78_BHK#:D.<1`2>ZOI9H-]WXA&\;%V]_=A'X,_&V/%]]G+J_JK??N?%X=A! MN%U0)(2M=A\);W-843"SI*ZPE-WJ\C\)D<&4-$('(_#&8(30)0UO3M?4* M2YH/2/0)PG0DOB!B`879Y/)@,DOT5](+(:('BD99L%BJK,\#=?%>P,+[R[R1 M?`"V1SE(37Q-^([N6G*-("/I-:$8T>2PK\@1,&28XKWOZKY%$G$4!'D?WR62 MNT1ZB]#D@2/SHR7@C0EK-P;']Y`\B01](KJ,^?IPK`Z3D%(')6*B`BZC#C*0 MJN..'S(:C#-HNF!#S=$D<3YGU%F("1,#1O)!$I;!'0,)SF[3V/58#8E`0(2%1@$=I0%L>0 M]!92%:"A9],IZ)HT*&+S8R9@M-5"?=Y((I`Q8[KBK7:72.X2Z2U"DR=:$J7> MWRZ,`M8C%]A(GD1DY'SJ$9R2ZKCK.`$2GZCCU&6!B]8O50'B05PG0!,6?D68 M@)$PE"^11*0P)W!M)#Q6QUTH(NC]1!TGC%X92#6`NC3XB3`"[&HUEXM3&E#=>A4$[TS$@U&\1U?-N;-JT6.B). M\=E)V=-(X;27>^^B@1D4,L*FF64]T0$X`5!%2C2`AA/118HS?[Y(V2%H8<1-"I', MK9/A/I(,B$P&/W31+.E-$[I"+LGZ],=@J:,E0=(J)V$PMH2#Q<_V,=\2E# MFS31`>IZGH/6*-41YCC>1.@*Q?D_7Z'L%C2%R+N(2$;VT`LG#`-TNAL@60I4;HFH7 M#0P4/9%K"WMI7QV)THI"3$X.-?6*0,N17L\R+;LN5#0'7Q292\.?"8 MGTZMD=W_````__\#`%!+`P04``8`"````"$`)0R1,3\"```2-]1#-:VHA?U.)UIQIDMV#DU1O=^T#4[(%Q$;4PAY[*$:2+5[*1FFZJ:'N M0SBA[,SN#S=X*9A61A4V`!SQB=[6_$@>"9"R)!=0@6L[TKQ(\7.X6$XPR9*^ M/[\%[\S5/3*5ZKYHD7\3#8=FPYC<`#9*;9WT)7<_03"YB5[W`WC5*.<%W=7V MA^J^%)Y0'A*=('`]0<(HB.9Q&$__3R$^H[[` M%;4T2[3J$"P->)J6NA4,%T!VE8VA/Q]7!B6YF&<7U(>"VL`T]ED41PG90PO9 M2;/\0#,H")@/&8#K=0;_=G9BR!"CBW,X';A]=DNOF5QI)H/BC3-@[G=VXA0# M^^(N=_::N>_(;#:;#\_?^$)JU[[W]=P%O?>_U.7]O>;D'\'GG;]?<#__ MEI;\.]6E:`RJ>0%5C8(9;*/VZ^T/5K7]G#?*PEKVMQ6\A3@LP2@`<:&4/1_< M'VAXKV5_`0``__\#`%!+`P04``8`"````"$`R\!LSW0"``#*!0``&0```'AL M+W=O/$2R^3LA?`\/F[')_#ZNI1#>0!C)5ZK&F6 MI)3`*'0CQZZF/W_K=^_6^VTN;<]@"/(,-J:]LY- M2\:LZ$%QF^@)1OS2:J.XPZ7IF)T,\&;>I`:6I^DY4UR.-#`LS2DDS^`C=;W'OJY\:]P,WNU^VX^@&^&--#R M[>"^Z]TGD%WO\+1+#.1S+9NG6[`""XHT23[;$'I``W@E2OK.P(+PQ_F^DXWK M:[HX3\HJ760()QNP[DYZ2DK$UCJM?@=0YDU%DGQ/@O<]258F15Y6%R>PL.!H M#GC+'5^OC-X1;!K4M!/W+9@MD=DG6V!]@H^8]5]1T9XGN?8L-:THP>T6C^=A MG1>7*_:`-15[S$W`X#5BJD6$,+03/:&/8T]O5_D@[<%>VI?*>[D)+XYU\K=E M%O\CX\$U1>[H/B_3R!N4`Z8XPA01\2P@0DX/Z,$OE;/(&Y0#YF*N?'9>%445 M`<^$L=M.%_;@%\+YWT!!.&#VPGE>EB^/-,Q4:#D%IH,/,`R6"+WU\Y*AX_@V MCO)U/D]C_("C-/$.OG+3R=&2`5K''/?Z%UW\```#__P,`4$L#!!0`!@`(````(0!O>RERE@(``%4& M```9````>&PO=V]R:W-H965TNZ5=JD:=K'LV,,6,48V4[3_OM=X\0B25ME>0`,Q^>> M98N>N#9"=06.HRE&O&.J%%U=X-^_[B=7&!E+NY*VJN,%?N$&WZP^?ECNE'XT M#><6`4-G"MQ8VR\(,:SADII(];R#+Y72DEH8ZIJ87G-:#I-D2Y+I=$XD%1WV M#`M]"8>J*L'XG6);R3OK231OJ07]IA&].;!)=@F=I/IQVT^8DCU0;$0K[,M` MBI%DBX>Z4YIN6O#]'*>4';B'P1F]%$PKHRH;`1WQ0L\]7Y-K`DRK92G`@8L= M:5X5>!TO;N>8K)9#/G\$WYG1,S*-VGW1HOPF.@YAPS*Y!=@H]>B@#Z5[!9/) MV>S[80%^:%3RBFY;^U/MOG)1-Q96.P-#SM>B?+GCAD&@0!,EF6-BJ@4!<$52 MN,Z`0.CS<-^)TC8%GLVC+)_.8H"C#3?V7CA*C-C66"7_>E"\I_(DR9X$[GN2 M.(O2),NO+F`A7M%@\(Y:NEIJM4/0-%#3]-2U8+P`9N=L!OEX'<'K6U;!HR-9 M.Y8"YQC!=`/+\[1*TFQ)GB!3ML?<>@Q<`R:?!0@!.4$3Z!AK>CWE0VD'=J5= MZD[+K7\QKI.\7F;V/V4<&*(9J4_B>>#UE3TF'6'2@#@R")#+#3IP@<%5R"U) M3ROO,=D0?1JEUT>__//DC:2A^\9"#JO_?N)NTJF@/!CU4>PQ7E`D_H6#-]\3;^]??=+KFO^B;>M04QMW=:-84YX&TZ5=3(< M#.$#[.J>UOP[U;7H#&IY!5.G40Y^M3\7_,"J?MA;&V5A/P^/#1S?'!IT&@&X M4LH>!N[D"7\(JW\```#__P,`4$L#!!0`!@`(````(0#G`,-OJ`4``%@@```9 M````>&PO=V]R:W-H965T&]Q4! M;W749Q[DSN[,SLY>7E-$92K$`5K;;[\G)%43:8YN7Q0MO_Q#\C^Y'-+%CX_R MH+WG=5.0:JF;@Z&NY55&-D6U6^I__^4_S72M:=-JDQY(E2_US[S1?ZQ^_65Q M(O5KL\_S5@.%JEGJ^[8]S@VCR?9YF38#&WXE)'R"!(OQ:%H/SM172NS>;2K2)V^'*#='^8HS;ZTNR\W\F61U:0AVW8` M<@9[T-LV/QO/!BBM%IL"6D"[7:OS[5+_:W(* MZF+S6U'ET-O@$W7@A9!7BD8;^B23^ZZZG8M/NE;D\&X^G0 M-@'77O*F]0LJJ6O96].2\E\&F5R*B5A>9815X'K6>7NAD"3N]Z`Z[GPP!P-'VG&A&O`]:+Q:(].N0@,TXO(PSWZ MS%7@>E%YN$=-"$H6(S0ZN?]@]9W!89Y###Z598T7QCL,L8PS3@\C M$NL>PIJ(C-O'3$7&ZV-F(N/W,<\B$_0P$A+V(/90E(GZ&%-DXC[&$IFDC['/ MC`$&GEV$.!)<5+M':7!9UR[NF5*_.XR!X7]F1N>JNQA8HX2+$AY*^"@1H$2( M$A%*Q"B1J`C!+.CX!\RB]%('\;,1]B4(.B<35CS*3K*).&KA3; M:P;`DY['J62ZBQ+>=25='5(E/@8$:!TA2D0H$:-$HB($QV!_)SBF7KDH+3HU MD19ZAR&FQ9SRGB07UNP^FZ2D>'<5]SS%/5^HGAU?@X$N!(B",11_@:T#..8EPD42*B:S17?L`UEEI?Y\#62-J[ M.;#CH]8J+%GCB(LC'H[X.!+@2(@C$4?@PA*XZ]['),!O&9?&;/)&#-`86_+HYX..+C2(`C(8Y$.!+C2*)$1/N@[P3[ MU%M'D^+2RC:2-O$.AQ2NK#G"G.W)G%U@U!7V\F)D3:R;25*5\'&PO=V]R:W-H965T27#ZHE]V"LU%U!DRBF!#JA2]G5!?W]:WNVI,0ZWI6\U1T4 M]!$LO5Q__I0/VMS9!L`19.AL01OG^A5C5C2@N(UT#QU^J;11W.'2U,SV!G@Y M;E(M2^/XG"DN.QH85N84#EU54L!&B[V"S@42`RUWZ-\VLK<'-B5.H5/>A-Z5_A9O9F]W8\@!^&E%#Q?>M^ZN$;R+IQ>-H9!O*Y5N7C!JS`@B)- ME(XVA&[1`%Z)DKXSL"#\8;P/LG1-06?G4;:(9PG"R0ZLVTI/28G86Z?5WP!* MO*F))'TBP?L329)%\S1;+$]@8<'1&'##'5_G1@\$FP8U;<]]"R8K9/;)9EB? MX&/*^E%4M.=)KCQ+01>4X':+QW._3M,D9_=84_&$N0X8O$Z89P1#-Y,EM'%L MZ?TB'Y0]V"O[2GDKU^'%L4PZ&7DA,_L?&0\N*')/YM/TF3_%KW.4_0#9B/=<-`A7Y38&KX M`FUKB=![/RP)^IW>3G-\E8ZC.'W`.>IY#;?5^@Z6]X.!)ID$`:.)HK0CM=*HZF7M&`-6,$:V$Y*W[S%.:*:9 M2K``#+^__]P@?3K)!AVY-D*U&8Z"$"/>,E6(MLKPSQ_;AR5&QM*VH(UJ>8;/ MW."G_..'M%=Z;VK.+0)":S)<6]LEA!A6PIM2:4DM+'5%3*D14! M4IX6`C)P94>:EQE^CI+U#),\'>KS2_#>W-PC4ZO^LQ;%5]%R*#:TR35@I]3> M25\*]P@VD[O=VZ$!KQH5O*2'QGY7_10D,LK*6 MI\07"EPOE"B>3"$^I"'##;4T3[7J$4P->)J.NAF,$B"_GQ+DXK3/3CQL@6`- MM.&8Q]%C2HY0.W;1K-_3+$<-`=O1&_RF>SLQ%`ZC&^_%R!WB6WO-[$8S&Q5O MG`$SW=F),PSL&^?5R/7.7K,<:C(/X1C?O_&%T*;[.O$_OO%?KO?UFL5_??U, M^XYWM.+?J*Y$:U##2\@F#!YA_K2?:+^PJALZO%,6!G&XK>''PZ']80#B4BE[ M7;AO9OR5Y7\```#__P,`4$L#!!0`!@`(````(0!P"NW_@00``$(4```9```` M>&PO=V]R:W-H965T])L1)T`".,)G,O'V7,;"QP\:3SD68V)__X/4O'S??/O),>4\?WLM254@5%\/RC5P0 MJA10*,A6O535=:UI)+F@/"83?$4%U)QPF<<5?"W/&KF6*#[6C?),,W5]KN5Q M6JA,85U^10.?3FF"')S<B6M6IY\12Z/R[?;]27!^14D M#FF65I^UJ*KDR3H\%[B,#QGT^\.8Q4FK77]YD,_3I,0$GZH)R&GL11_[O-)6 M&BCM-L<4>D##KI3HM%5?C75DZ*JVV]0!^B=%=]+[7R$7?/?+]/A'6B"(-OA$ M'3A@_$;1\$B+H+'VT-JK'?BK5([H%-^RZCN^!R@]7RJPVX(>T8ZMCY\.(@E$ M%&0FID65$IS!"\"GDJ#8BACDQEY9AS9]0F38J\/RI8LST9S1FC08\6PUK,C.M MQ?*9_D#/ZZ#`LU4QGU>9-RKP[%2^'-)%TQB>7>.G?8%!7O=CU1=YVA=(WR9' M:'8V_H/5X\FAL42K\]:)JWBW*?%=@@0:AZN(%D>;B-3RRV[!0FH:E?36;%8!XUQV3[\U^ M@#"7/.,,,#SA#A"F$&MOB%GP.OX0L^*98(`1D'``F>J\3#3$_`P.9P+,24^8 M0&F82/LQ-X18V(R!>:KS9<:_WEY*.%+"E1*>E/"E1"`E0BD1C1&<%1"R)ZR@ M]%8%I[LPPV+`!]IFS+R>1`Q+AS\>V/>!NEX`'`;`9_M.I_=>Z%:,-,1JH76+JL>,T)*^%(BD!*AE(C&",X)>GSM;R+'!P2E10>$ M#8/-F,')9<_J1@+H2`E72GA2PI<2@90(I40T1G`FP+&",^%KLQ-M)9@Q%]93 MFS$C`=]+"8<1S0SWN*B[4@5/2OA2(I`2H92(Q@C.$'JQ]!-3E?:716]FO3@)I3;QAI.J5"N=15P@W.-S^C/N#RG!5$R M=`))?;*`+47)[H#8EPI?ZP/W`5=P=U/_>X&[.@3G7-C+J,H)XZK]0G^@N_W; M_0<``/__`P!02P,$%``&``@````A`*@,?.NF`@``PP8``!D```!X;"]W;W)K M&ULE)5=;YLP%(;O)^T_6+XO!A)H&H542:INE39I MFO9Q[1@#5C!&MM.T_W['.-"&9EUV`]B\/'[/.?9AF\ ML1ZB>4TM^#>5:$U/D^P2G*1ZMV^OF)(M(+:B%O:Y@V(DV?RA;)2FVQKB?HJF ME/7L;O`&+P73RJC"!H`CWNC;F&_(#0'29'@5S3<))LM%EY]? M@A_,JV=D*G7XI$7^130?Y\QPV#A`(FB#L;3-5@`*Y("KR\<$B.V-U;)WUX4.5,#)#Y"X'Z$1'$03K"CIKU&4V2GFHVO<85%`P.+B%OKUV>KUUOQHF= M&5<`YV[M)X#]XBZ>C58^HTDG@^;$#*3IN]^:D6+S MGN+$&T`N]^;$8V_)R)O7O.?-*V9=U6=)&(8#X<09;-'+G3GQV-EHKZR]QJ\; MA5-8>5BX2RLT%0;7 MT,.Z$T^&%]!#6EKRKU27HC&HY@4@P\`=5>V[D!]8U7:G<*LL=(_NL8*?!8>- M&P8@+I2R_<`=B^'WL_P#``#__P,`4$L#!!0`!@`(````(0"`6.1V#P8``"8C M```9````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`7`59^>P^LO(+&$Q`H2:TAL!''+@]S.;96` M9$KZ:R"9LMJ,G%;,V+FMN&*M%`Q5X)>3)20L2(P@84-B#(D))!Q(3"$Q@\0< M$@M(+"&Q@L1:$.UL\+$VS=G*I+V!$MLJ0G(F_;V2G'G?=,E+J0Y5%NN!8*H< M"@D+$B-(V)`80V(""0<24TC,(#&'Q`(22T&(6P)E_5G!TFM(;""QK2(D<](_ M6LF4X;*6#K-"E6:5$@[XES%,)M6E)[!TG-(+""QA,1*$*5)7\/2 M&TALJPC);O0H5K+;?8LT+R7;KM%1GN<-!%/144-(6)`80<*&Q!@2$T@XD)A" M8@:).206D%A"8B6(7_TU64.!#22V583D3_ZP_S<,FA53':H\31[D4)5%,6)A M9(01&R-CC$PPXF!DBI$91N8866!DB9$51M88V6!DFR-BUI9O%&3/\N?:G_=> MJF\N^8948395'OD.Z]V"X,_?C@#_W3*=&\Z(WOS%/1?O<:%J\-C)E) MVQVTG:+$)\RD78]BW&$F;7X4XU-FTAY(,3YC)FV%%./TNL+7LOB`F;2G4^2' MS*2MG6+<8B;M\!3C(V;21D\Q;C.3]GLH;EP;3&\I7-R#OW#C0W!.M)._IUS5 M:QUZ'A*+]QS$CS2Z9+NOKU%*[R=D7X_T/HI/VU!T)ZQK^RA*/W[P"US?<.G_ M#P``__\#`%!+`P04``8`"````"$`^^7((9L&```W&P``&````'AL+W=OJTN^M;_GC?WQ\<*GJ].D,O+\)+\UZW]V7B?NRR.JJJ0[M`MPM,=`I MY_5RO01/CP_[`ABH9;?J_+"U/XE-(M?V\O&A6Z"_B_RE,?ZWFE/U\E-=['\M M+CFL-N1)9>"IJKXHZ"][-03&RXGUYRX#O]?6/C^DS^?VC^KEY[PXGEI(MP^, M%+'-_OLN;S)847"SD+[RE%5G"`#^6F6A2@-6)/W6?;X4^_:TM=W5P@\<5P#< M>LJ;]G.A7-I6]MRT5?D/@H1VA4ZD=@*?O1.Y"(2S=@-P?L?0TX;P^;XG0CP=7_B<]<0EKE>W_+NT31\?ZNK%@IJ&%6FNJ=HA8@/. M^G7'F(=,O)8(R(!R\DEYZ7S!&C=0/5\?9?BP_`H)SS0D0DA@6R.$(N(>H;*K MO.[Z`<-D36V2'J)J"Q@-M""%)JW;9=1'K\!0,$9HKD.?$R$$TC1$[U%$W".& MZ/N!5TV2'L&#ATCF!Z_`6QM<#9&Y@H86(23$O`2.[]/Y&.>];B]T"V\:K%S) M#1+#@*PZK,_\P!68!2YI8!%"5EW@L)4D_H"LQ"9X%%"-%Q!)X0 MO%H08"PZLUA+9I$8%B1T:`;S5UV!6>CL.1%",'17N*N`I25&@!$ZL0ABSZ""%(SP_\(&#=*D:`D2338N4%ON0B8%B0 MT`4<0^;'WJ&9#+`G11IS;V,/D&%G#R.O=H-D@'`I$$K@C$*[O_P=FJZ_Q_I( MI#%]?04^:P"Q!A@)("9P'`H<5F^):4-3H#1N?ORHB*:8>:P\(H$8C%\X;ABR M#11KA$G`M/&``;`&&;D$2$F:^W M;!+MM;.A!)1.SB>`JDH(<%51/T.@J6D"4V6.-<",'TV`Q9@VVN43TX@24&HY MGP!J*R'`]D,D3(%>WR)@"+0^>;]ADFB?-]9?*>;\\%%?2?BLMT3"%.EP';Q!0TCB?``HI;/8QTUSQ!&+N5$,\0$;1>-,H,8UH M"2E!-"C,;UJHI"0=K%5&HE?;D?&T;2$&_@ZKXK,^OIOA)]&85_P0SI)I_6S. MG2'53)\W:HW1+0!>#='-'.MY$B=KPCOJ0TC6)Y/[/BC7=QT*)/Y&-I/*-3_2 M&"3H!H'KAJP-QAIB=#EB).%0X'NL6!+3B%*`<,P2O:\S4J%9CEA\D<8@A0\> M')N%P]8XUAB3`WK65C(('2!/LYN85I0$.QR\06)Z(O!YJY:(T>&X4OJ"+6FL M(28'8A0(T%C.`!'39B>5T+).X<).>H,)RC.I*-ZU.\];&U\ZW#SG:X1)!/VB MS_TZ">X-3=]]MH.A1/AW;3H80,T9B4B++%5;+_SG=K$K78 M7&W^>R_2&'4,'SLNTZ%X!/6L=].AA`Q1/DI4_P<^J,TF'X]MN4@BAO*9[(0! M-/*9#"6C*T!1/DSI_^.[3XE*;?+A8A=I#.&S8KLT'D$C'_0-=OU00E"4CU)= MEA^UF=];;\H-:[:3_""&\F$*'\-]0;?+QN!WTR%UJS"BD`_>$N!KZC*OCWF< MG\^-E57/Z@8@@->!PRC>3D1RW5]/\!FQ@??*L'AL?`?W&;?&/TD?/'4W#,P" M]AC,K&[X@FJ%F>#F3`@SH9I9#N[@VN*:'O/?TOI87!KKG!^`E+-05PPU7GS@ ME[:Z=J_4GZH6+BRZ?T]P097#FW%G`>!#5;7]%_6`XW@(``#0)```8````>&PO=V]R:W-H965T&ULE)9=;]HP%(;O)^T_6+YOOB#A0X2J2=>M4B=-TSZN3>(0JTDO=85>J)",-S'V'0\CVF0\9\TZQK]_/=Q, M,9**-#FI>$-C_$8EOEU^_K384&GA>Y-6$--@YS<8D'+PJ6T7N>;6K:*&,B:$44\,N2 MM?+=K-ZT-QFO6[!8L8JIM\X4HSJ;/ZX;+LBJ@KQ?_3')WKV[FQ/[ MFF6"2UXH!^Q<`WJ:\\R=N>"T7.0,,M!E1X(6,;[SYZGO87>YZ`KTA]&M/+I& MLN3;KX+E3ZRA4&U8)[T"*\Z?M?0QUW_!8/=D]$.W`C\$RFE!-I7ZR;??*%N7 M"I8[A(QT8O/\[9[*#"H*-DX0:J>,5P``WZAF>FM`14UAH,,_E M:%H<8_`^H/4F3HS$#[JB^E]N>O%T.&YA06Z78VEQ#RNTZY$8262H//C8\70X M;F'!9K\<2XM[6)$];6(D!RP[G`Z&+:CH&B@M[D%-[%D3(QF$&@Q;4)-KH+2X M!S7M01G)\+X:CEM8NJ$=/2W.GT0M[F$=#K@YB49B:A7J?:4_-GIZ7F/AS:[! MTV(;;]*;.C$2@Q?XL]ET[/4*F]J28&1)+#AH4%<4KU/W\'R[,LE. M`^*"<_5^H_OJ_GUG^0\``/__`P!02P,$%``&``@````A`,D'+5@8'@``KV`` M`!0```!X;"]S:&%R9613=')I;F=S+GAM;,Q=ZW(;QY7^OU7[#ETJ>B55@10! MD")ETTI!(&@CD4":`.VX7/DQ!(;DV,`,,C,0Q?SR.^ROK=JMTK/H4?PD^WVG M+S/H'I"TDSBII"HBT)?3I\_E.Y=&CO[P83%7[^.\2++TRR?MG=TG*DZGV2Q) MK[]\7U4)*^/RM?'V72UB--2@0PU2,NDO%/# M5*\/LH]>E*^/7G"H'OY*O\__\H&=/O?' M/_4_,-2=Q]=)4>81:!Y%B]@?]71T,3GOG5P,WH[5<-3WOW943.Z6X=SV[O8W M&V>0>V#@35I[,HVM_E:=7T;P(YI@C]7$!>30'XV?Q!_6G M^"Z8O;N[V]Y_V=U[V?6_ZJ_R'-/525),L<3W<91O)/'I]G:[L]UM^VM8,K+% M(DO5N,RF/[74^";*XT*=KDJ140CMAFDGR3S.51\LN<[RD/3Q(IISP'F\S/(2 MRZA^MEA&:3#24F$.5(T?EU&Y*OS=GWX?!Y^9);[-YJNTC/([<`5;!\.>CC)_ M-3/SNW@^W_XIS6[!AC@JH)8S-2R*59S[$YP@U1E_`FT*=[M7&\QT(US-"WS3 M]71/,HG<:X-UB"0CV[&!^KK>?^Q.,8@[MM4=%@ M52M+O:+`$H%&]J/BQE^O-Q4S4Z@\GL;)^^AR'@CY>'593/-D6<*>W#-LF+Z/ MT[)!@B:GD]Y;U;\X/Q^,)JHW'@\F8Y^,LQR6,2_O6NH,7##6[*^K9$F%;*DT M+OT9/[3_XG\TR4IHD#Z\_YUES=LDNDSF29G$(7\<+Y;171,C\'V^@D#-JS6" M;3)P`5H"-JI9?!E2W0FH[GM36N#Q',HX4\L('/%W&&4EM'H#A6M?/K"0YE8# M7_P=Q9[<9/,9-/&I.HZODFD2'.PLCZ]B6+(9/"+,C[_&TT\?/WWT/_RAV\`, M,6&-:_RP%PSOS6:XRBS%M2^C9+:=I&H:+1.(@;_7>5S"J8(\V-<41BS0\O'7 MO?/!UZ=OCP?G8YQR<#+L#R?^*EJ4WPY[;X9OAY/A8*QZHV/UJ*D0895=J6@* M?[W2]SN+E]"Z)!+%PG=;A_NM[JM7XLJW]EZV=E]U>(?%,IZ6R?MX?K?CTV,6 MG<%W$!IP@ZW.8:?5W=_5JQP>M-H'!_ZTK=T=.B0*F'H?S5?Q%ZJW*F^R//D; M.-3>;>';+U1"NSF3=;+*B:@VOY5/]<#[*;Q_J_U=V>O>_3KMUJM7AZV]W4/9 M%']VNOK/>UE#IQ.+.P=33I(4MC6!F)QEA4@,#.X9_".P4%PF=+P;[.T#R_B< MK=3`>&%LHKXEBQ\<:?QU=1&/G2'^;?;8T??@`?CU&G[82/GZL`?);AS>3'/C MT'L(;O"B[KX**L,IG(JHUT9_VGTT(`Z\+?QVMH"_MH+FW\!Y#(<87GP_0W0` MVG+]=6"(OLJS`@8^SZZ24CV;XX\`!)AC`8H-/B"@*)I\V4S\4$&\QM``ZRTR M&AJ?RMYLD:0"R&EC5`$4DL,Y^L/&`%98JZ6NXQ0\G;=DU6AMLC_GN&;?_.^T M)3T]&YSW)L/15VKPY[/!:#P8^^-.H:`Y(1)9_6]Q&+/:@0A(#J9)[=;E2(2K9Z]#H; MD-+LQU51TKH6JLP@RM,,YA68APY).(%/^>\I]UL5.!Y<,R&>UL;@_L1:*EY? M$>?ODVE<;&/5>V!0.,%G;&_!<.5OSKL>`XZI8^,I_<'G\70>%44";%--8!1Q M%MV)$R%I`PM(_=E6^J!C]XI?_R9*KX'>*EY0.P6LBXC4@&7`(0=.*Z#>PD)3 M)`\*8DW]#Y^R#=C]$3,=G'_$6`N,8V.-'C>%B,4AV4=,H?:)_%Y0GH:IM>[@ M826J/@-XC$*BUFI,P-NS53Z](1MAEJ^2#U1&N11_,5*P)M%-J_N3#/98HS*@ MP'@^P;T6>%'DN)N_X)LLS[-;8EB%@*PIRD#HK<76C7@@%@@G/+SI`TNZVT)H M]SZ9@:>7#.<%AZWQPM^)$ZTXBT6`!Z!A1>[&'TII:*E+))128GI>WWT#D=_9 M/&2\6B[G`AB9=Q`YHYV$G.$>D*R#ZPQNS?D+!A_4ZJ;K,L:AC#Y(C+)IV"A+ MMSD=`FAY1+^=./F--IMC@\$,8!>YD:"2B4N>N$E&Q!RZP.&*INL2KIW!'=`P M[#G*%X4:9`TQH9MOXMRIOY@`W5T\>B)(\2]J@W8 M?AQ7V0AL\F8%C`-7WT("I4@$]0&$%W!-/'R74J9A[ADK&I M%)VS;(Z3A[B'VX;^_G0R`"V__/S?"!3'_?/AV61X.E*G)^K-Q7@X&HS'H*8W M'H[YT=GY8(S$!V#.Z:BEX\6+=^]ZY]_SR_'PJ]$0H6:/F9%^__1B)&CH[/0M MPL\0#6TXNZ\7`@.NF%T"F^5:`/]FJRG0"3B0(O=DH^;"23W'125]=:$6R33/ MU"*;QU.$JCFUD#%KK#&?6I7(H%2.-8*,,?N)1'9T1SB`S:CQZBHJ`+=D$GQQ MK.(K2A=N1D67199+0BD(:=TM+FNWZ!]P`DDS>L*-+0(OU`U0%.0X3D$$C"#S M$3`[%3],M@VJBD`\RV4O=WB33&X5STG\*7=D2<%ZK_2)*`2AM M!@V8JJ`.X(*NHB3'D0R'95K%S:6-D&E^#&0#$;B-U1S$T[KP_/C;Y"6,S2V" MJQ3=X7X<7VU0NRY-_FVVFB-OA#0CBBDES`]HFZV64$B$\#*9=@JP$F:HH&DR MJ1QSXFB%)!#8W+B#)7?!J(O0"=)WI5/MVE7`0##YR=QV=;EPQTMDN'_Y^7^@ M#+6949KB(LQP>M\3W!42)MM_:M5$+ULD)1:C4/B"2Y:H#JS85QEOM@_8'.=! M3#:B?>F(??GJE-%1_W34'YR/O-588_J\6$93U)Z6U);\??SD=:]0Q0VAJV4/ M!%M.PPV;>`0IBC7U$'LF[Y'A1#`#5HM7P(<0?(B40+0YF(UU4CAI,P@2N]5N M==L'K6ZW[<0#_C@&ZZ36!+^+-5%<0D+F$@;!5IC(H"'UHEA"`7#3(BGX!ZY8 MY_4*H6T!LY)'";Z(JGR?R?-!//)L=:V=#X)7P7`Q@#KJ8`4U2`*8EAM&8W6% M3"4/`"-U M+<*$SRA,.Y\^*D]07HO8==4VML>U(J9I2F^+U'5%ZOC/L3KK?=][\W802O$Q MV`K^G<27L$LP*2R0T-'B:$3;8,D\BYALI>(;75);^Y+K4]K:*D`J7@XTG4J. MJWB'6]9UC3T>09M3LQPX*U$F*A18U2Q4Z`(7ID+`F;@RZ!DP+$M_7*7`2_C0 M`0R29*\''FH:Q[,"C`5;87`RFIH9O!_/)8$GDR&TDSI!:JV8WH*6D(B!5%O"O9\O_8,-D7M^FU/^GC\$J9*%#>&`%;X-+M)`DWF?. M%=J5P!=!VF`9,^`BIG\I496:)39CD@$/R@KSY$KNRZ[&RX+-P=E"#:?>Z3W% ME#IB$&QI+WVUHK&/=*@.D^DS@D>04U_&4Q2+X1:P=UJ7%7&*7`_#C.5UJT5+"T`%Q4`UZ7+4.`+1/PZCW4V7*M?I:I6)638):HCA!DXK$F4(6$C MM]W>_:RE=18&1&Z@1M<^E1_(2)RSVQC6;`M-$[N2%1-E#?2:#EE4^M:&!;!M M2QN-F^H`W!F,G]SCFJ)S_=T=5#K@R/48:UO*VTS=L9`>?XCS*1T'3K,(A.L[ M0%*6/T3U><6."J(&@ M5L=NK@9M7\`S"E$ MFR-O8ICA!J-L+P0(DL3&:F]2,-C2?G[@EM7F/U)MY-/UI>PS&4*QT81N@ M?\HK6F2S>%YY#6W>^462+I&+#7(`YTGQT_85M&M=9WQ5_LS_X)B0@1F)NR2> MS_QOM_T/T!(!643A^@X'G,+%^@.8LI[27(E]?D;Q#PL'GSYV_'D3,.A]M?@M M#&:-H;!]NK!+#I@KLXGJ&X0L*!FR>%9;`#R/H)%0BVL`LR6M[W)U"2FBEUY& M*6)LF.EIA$"3(C/3F$CBMH@"(O!2+XVC,BVA@P1L[NA2C5M#(IL.%\J#MN22 MUN5Q*ZF]C,M;QHX4FE3,)N['2,]O\/56[GRJWICCTU>YT6OO[7>L,2NFD<.Y: M*Z&PA-A!.YM_#'B`K>O)<3>!AQQ]I^N,*T.>M;",=I6LH*]@9L#7$O^(S+J\[G8FV@=!:#@`%H94!W.*9"ZS!Z ML(N&"10UBX73^';31>\_6OMZJVM4#RVH[38IH+:^&T&K!7I-^KB%%EH&-]:6 MR5(/J.7^9Y5::M6"%]2AQCJQ>USU0E`?!8;`0QANI4>ST"HPPRJ-;SLF9K4` M5B-:"O$&3'*Y/VA-V_!PE*FVH>G08!1FL8PB4-GY"/*`-*'%Z8(!@/GE>:YZMM"(^ MJL$**HI$(MI0UU&%%\>)QD*V?PW"@(=^R;XQV)7*=QNZN+.5<.?7_Q&I"3"J MM\$@:DU]%+IH'[:ZAQW?O%&FK-AI+X(<6+-4&>7_':4J0IZ:B3D*^Z\1JPFD MQ%FO7Y-U.]&#>,VC9D MY\0N'WF/)C9DXVIJLJ%&NO7I8_@?%<1VY(8<"%!6)\2L$@ANJX$/^O8JCZI3 M=V`.^UP(F'Y[BJ[2@TO3AFY-!A/DEAQF>+;V.JV7G5`;OO.3*2%["L7\_XS` M2N/I3Q]Y;-<#@@"/I5T,08$0AY&*-&)1T.)1.HDIM_; MW`9X+^E%V\E!/K`$R>8]]@:Q7&Q458_3"3W@7+:L2G,&KE/:5\6L=5ZAB+@7 M7(T(^$O)JR.(,SV'_Q4MEE\PT\X=\":OJ7&#LO[2I-G?O1M.WJ$)8ZS,S%/I MLQB,&ILL5E+=^J/UH5+<0EPJ/+"!4(0\&_(U3"VC4T(#L$V-%=KOD^>3:)FM M)NK/$Y4RK,/4G.\2YJ@FZ;Y#5*2R?#Z[16J0MUM%&G8W!T`%@[$HF#.MR]P% MI0E1?Z3R["Z:,U&(^\6'TOV@!LC12$\I(6*+R"(OV%FX3Y^#&MXFN>K%: M&-XSR0ERMO9,;FBF18H[7R4Y>(>=I`@@7/M";1T8FU(;"$I0!E\?*<$6JNVL MW9%/<83BD*:/32;1%:Q;H$'#5+&15M6M."FQT<]Z[@L.;CWL'J.,AD((2E'Q M#(4&M*>OEH!<:H3:R8PA4KY$^X]N$,`EDVCAD$XD1(94'<>H250(@``2L6`R\(B/;NWLM1,K!V8#!63>NZF/0TX?.<]Y7 M8TFR#O'PCB=YAVY/,!(9Z1)5F=J!U+-??O[?L1W_R\__]YRT(^%#BA$[S5%0 M`$QQ<@UA`K%4!B/;=C:7F4Q+>5/=U\5,@6&,KOUQJ, MY.+[Z.>912R\0%_DEIS2'X@VZ]RQ(";8`TF>,[SUMU'9I>F@<949I)2!(G6H M9,\;F@2&^4C2PX/RG-V7QGL$%$EOGRW30P*@]5*:J#Q'$*&"KX[1@OM$M'W* M-=0/_:\,1CL76$EI,3D5TD5O!]>-IB:MDN2L$_!6R)I%C!(5#JGM,M:3P$;: MUU"&2P&"=BMCS0TF6)`<<6F@GE.?F:YML(@F;5>\"RD*[0=6_@;XE+<-%GC>\$Z?\.Q/^QXNRZ.3AO\+8W&1RCO^,\ MA'QAO-R0,(&51=,+0@/M=D8Q3'X_0O=6$K44$0`4(&:=E(\W:6.WNKMBV>5* M6-211!0NG?_;4N_R'3M?ZN_1#`9G2AF&[Q0EXKU9@R57DJ*-39?N4T)@=Z?< MP<`Y@#BD>^IKNW5AF;6G(0FUI6EYZG^SB1"MO5M=C7WJN"82YVG#)68+L=9- M(JJQ]5Q,!.=E6_QJX=%EC*0T3GKD MX768PQ$")^FR8MP/#N`)8?U`5:JKW=4<>&Q6XKY+IJFHL(HM#:SK!8^%%K)2 MLS2SJ/ MM`;@H;7I5M-U#/!QJ_U2NUU0@OB#/:+`0DR5UTH"I*$IG(`D\I1"&J>XT!-2 M`PN))"Z:16%XX(2,-%0).#%J7BL%MK$Y0*A"K1KB*B3&U`!P5\U1M.`9GJ"R MRZ\B"/R`D(,TW08(+C>6&$V6`PX0FJ>=H#Z%QJYN86%R"7\*B74]%"7@B:!W MG([MGMP-GM35=&=4W.H]+SL*P"]L0V;AA/?F=Y!6+#*^I(7)<)DHLAIZ9)/= M6`UM!'6">55'G@;]$VHDOI"%V6FX\_5&E#J5IBF-PN/2#!02W`%Z[B&*5?O) MWL'N-IPCVD^0M&%W^CO);]C0@L9M\($ATPJRQOHW/!T^`V:JK@%<=PK)Y(BY M6RD(02[6IN-2="&_NBD(<-7'N\9M"K$X2E[TU]DMGC_F`LVM[#$8Q--#V'VH MP341$QR'/"9#+FKSQ@V)Q&HPY(%B($)$#A8,NR!0_'>8@-1L-W-(YN3OD\"U M]>K,"C4<01PPJ10]UY+R\B1$XSI)>0C,6%/I9UL[W?VJT@.(R@N4$JU1=.S< MJ+!-:-KU=!KW@?>Q-=\\A\P([ZPKAJFH-0N:U*3AG.8\C&W=V$N!?8U^`?I5 M.LC21:H]GVLCU?N+.;4F3!L56B#7&6&D7H`)1-7EL6LR_F]Z M;9!2RZ!ZM;C."M'S?WF5[C=8PO#N@BQRY4K=^B/JO,5R3J3E4VA"W2W56ON( M+[S<[F-RRK2S_8=Z^H08G,7OZ&LZWN_?W/<80P#\$\36:YJM[2S?@<$HN"RO M>&-:B6N$1==,0U3(B1?D>EAJ$,K$<)+AT.@WU'P:<&0=;&^JV#_75>,4XL%& M%2C6VB=0T0V`F5/&D%ML,"1?Z]NE6?)<[K*V(0Q#%_T^V4I M_0)J^@?6]?O?H\GEZ)^/M&S6T5QF"+3$`APB!*[!O`%_MJCYB=^A@*CQQ9LQ MRB-('ZO!MTPB>R=I[C(S,<#IM,SXYD47%'XH.F@=I^S"!2Z9#\#>]S:>6?WQ M%*JN1:XM;DN')[8>>D\KMV!M@+^JSQ_B7NMKII%$"@L=JLS@D]Z:ULI^.GAP M5"%.8[-][9F&7R:!2ZV[?5+@\?&U4UMZ9S]"@_TA#\60!HXL,&##6B"L6<]# M6-0B^2FD&)F6$"M35_94?`=^T>_:I;V984<^?9U'4*9-CY("MU`S:R!LI&@`MPF6-9*CFRT&P,;_]'5[-?K[I M5:YZ9A_6!C]B8K\X\NS"[T:R>VEZQB2U>2]\#\&-XQNI]U]:?:[&^/W'V4J_ M3COAJR+Y32"\'I762UCKMWQ.]&S"7JZP;5M__,(N$A@K^P4=Y\;5&REM>K"R M3NUQ%<+7?CN-Z?G:3IL(KQ/VF(5^(XTU2D1ZZ,._TR]*-O*T3MH]\_]^BH;R M)DZZS1_#IAHMU8\N/`/C?CFBT?'+6I;+&)5^'*AZL?]-2S;^HN#[*I\7U M_O@[/F:@'&33:TL>LDG]'N8[NL[`=]-SYM.!AD)\B6QCTZ6@!+CY!U[QU`PS MS4LS?UFT1NRH7=,M[7^I"=(SN_Z70M"FF2)"-E/MS\0#G;S<9LY(,EKX;4B\ MYJ*AOH[5&U05B4U.Y.=:AK83_ARNU%]&LF']Z@BI-0,_0VV):T34>WG^,22(R_YOJ1_6\Y MHU%UUFW$8QQ.I6S^)M7L%IPUGMCQ$=R]>="MR5A:Q?+' MRF)-]F_]$FMGJ-QA=6N;'%T3)0!'VN_XI&P8_+!VRQDV-=\]3&0;^?G-/\:- M8(5U&^V>-.'JS#R-#=X+]OGK981_5F=AQL[Y4P(4/_,&5K2W-D9LG0P*`.7: MWGH>;*]FG\\]3:`V7;;RBL%H#;*_06W]O(0X8],B%BQ#2+"M>\08I]D>,7^< M\/P1_6!U]C>WL#3#`>00W`\L!Z"F:2&?P#/[VP+27/'6=(F=Q+"XY^8YB#\% MGA<-_'1G?,6)'B1_@!SZP1:`^I&;#U>OX?I[U%UQX,3K/SL=/"%%6+N#<%^7 MF_UECW5A7'0,UIZ]"NB.:JD^:Y!I&0QGZ:KR)@K"9^JLI]6SJX:!]Q(EFW0L;^=P=\1`C!!X7:;N4E<7?6):C+N`@2JWH@V*^`+_AP.O_U\`````__\#`%!+`P04``8`"``` M`"$`ZIO&%O0)``#-3P``#0```'AL+W-T>6QEP=J)V@>WVT$W1`KVB4&0YT44OKBSO)5?TO_<9ZFWH5[J6 MS>T9M[%E<^:9>89#\DTB)]&YE\>G(N! M:2PR-YZZ81+[(_/-7YC?W?[R%S>+["WT/S_[?F9`1+P8F<]9-K]NM1;>LQ^Y MB\MD[L?X9I:DD9OA8_K46LQ3WYTNJ%$4MJQV^ZH5N4%LYA*N(T]%2.2F+\OY MA9=$>OHQRVABU(NKV)EY$390O#2Y9Q-C*MZI*1?_-A.C*O3",W>9),`>(W M_UHFV;>_RO^\^]V[=^U_?O/MW__L3__QPV_7O_OA&[-5JF$RP<%NF9?MG6+Q M=2ZY55AP>S-+8F8(6!<.NGZ)DY]BA[Y#,,`\^MGMS>)GXXL;XDJ'X'E)F*1& M!I9AG[@2NY&?_V+BAL%C&M#/9FX4A&_Y98LNB,`H?A<%H(DNMG(-Y]7S2&A* MFP8$0[*I2U>X31%,(RN MBBNF)WUZ')F.@QS2:;?)K9RP$RD;3MK0=S9E5[VS6=9UNDZ_4A\[Y_=S9W-J]LFW5%&CY7#Z`.UZP7`W3='?V[[]#K''%RY@&M4<8P M@A\%3G`^WB^4<,SHO#>89>6Z3>T]A[38JF]4E9@P+C,5!&%93L6Z/)BNX M%P..A<#0:#H=WMV+9P\F,1T4$\]5]] M6N,TYJ9U!#T@&'8'PRL+0-KV0*@Z*X(N`/1[O4&O,[1L_"\F+Z='T+1/>Z9N M5AD"3:PR!)I8%7/J5@.9O^@I*"]H[JL,@296&0)-K/8;SL!][:PR!)I890@T ML2HJ00WV593M-/=5AD`3JPR!)E8;FWP6&7BHG56&0!.K#,&Y62V759/[>T?4 M!=9G9HW-CPM=-(D_7)=8-6*=^IBD4ZS&RTV#3AMKQ/S:[4WHSS*L2-/@Z9G^ M9LD<_SXF68;=B-N;:>`^);$;XFVK;%'^W=$2^S78FAF9V7/@O4"95`/.?9.K M.)6&*NO9M)JP^W:[;_>LJWS!UI#JR)\&RVC=NDKWQKB$&\FW^PUG/HPK)44X MU"6I%K%0T*?80E`MF%9L@)@H0T*Q11,VUN5951M9"S4;60-%&UD+51O1=39U MKM*3TV2)K<)5@AUGT&Z+5=_!\;)9(`.^(6+VMEGWY]XF&SRZMXVJ3TOG(;^L M]8VQ12\Q.]Y@Z9X6ZW;N:;#!RCTM5&V4XV:CQ57I@M+S!B0K_I9^O@M&D>HQ M_,Z8YO#V+NEW5/:>Z:W*'L6;_.A(O\`C-L:65L; M&>Y\'KY]6D:/?NJ(;7RA0ERE\FK]:2S&N/JSJ$5'OJ@IF;F8[],D\[U,'#,0 MM>]M>+I;\'0*02IXCM%O;]$//RG[XQC]J%EL)!%^T:H?P:6LO\EXH`,515"# M`A[4N_`TB0`KTQ(!2-"!@`Z`%#Y`>.I`@!E_B0`!6B,`G!U1<4P_P$2Y4HD8 MJ%5"_ZE4(L>45DHJ3VCEMO0+_3NL=*3T>Y2;6;Y%H-=NQH<=`(Y2N2W%ZDHQ MC';TM-H%^+##!0Y&W6:&O,ZVG*_-(2SI`D/M$:2!71YI+BI9SH7.&L!NCXP; MG(>PH*!4I!L"X&B!P(CH:!I_.QR#IA&81X.F(9A#D,;@,_8)SH0T0FK"`#Q: M>D4]3^A((\89W<`@Z,J0+!HL72F28]"5(VLJ+%TIDD'0E2$Y$[I2),>@*TR^;YZBE?.8(+L99B2VFZY<:E<[Q4.S6>DS3X&8M, MNO7&PP4_->E6K2SP^)6?4G?^X+]B*9IO6;S.MM=Z@:2L;ZP&HXQP*Z9:/TK> MIG&(\L;] M^S6Y"0.F6C]5S"1[XX1Q=(:NT:BV0[,`^?9KXKKI4>,0KCN8%?T?!QKO_3\N M%UDP>SML2&*QWEU=-LD#8EYPWYN0.2+:`%>`LSE%[X&S>9PX'4C68QO/X8<$ M+",,;Z6%CFQ M>V09DG`>US1Z/2Z#$(>L:7%&ZVL/HT`2C?.+Q8IHERRL17-9%J5_)@L]Z5!9 MD%#(HIH+DX49QZ&RH#Z7U86U3!:._QPL"W6P0A95Q&I<-GK)H;C0I)`E^[ZG MZ'M[$X^B=ESC(I-5<'%9-8^4`IDLF'RHK)I'JELQ63#Y4%DUCT#(9-E0PP&4AW`Z55?%H4[JI;>PI^OYJ(X]RK%*A1P47EU7S*,=J5S%6N:R:1SE6 MR>1#<=4\0BKSEXTO#I55\RCG"5LQ3W`;:QYEW_<4?;^:4>6(MQ0C/I=25M16] M.W:G9=:5`\92=`D>RN,M0SPL*:%'+8E")I[DPPVB;2L5@R;/OO=B3'`NM1(D M]P<:1E4$W;_.0S=VLR1],ZAX68F32>\IBOM]DE0^DB6@WJL$Z`]X,!6>>67` M+[F'Y!BF18^*7:68JB_([J&3#(>(0>L:] M6@_`O5-_YB[#[*'Z"OL4R#D?GO^W%_>'?O6!>#]GAP87?]WL6P-[Z[Z-F3\=V=,VQ;[&PO=&AE;64O=&AE;64Q+GAM;.Q93V_;-A2_#]AW('1O;2>V&P=UBMBQFZU- M&\1NAQYIF9984Z)`TDE]&]KC@`'#NF&7`;OM,&PKT`*[=)\F6X>M`_H5]DA* MLAC+2](&&];5AT0B?WS_W^,C=?7:@XBA0R(DY7';JUVN>HC$/A_3.&A[=X;] M2QL>D@K'8\QX3-K>G$COVM;[[UW%FRHD$4&P/I:;N.V%2B6;E8KT81C+RSPA M,S*A/D%#3=+;RHCW&+S& M2NH!GXF!)DV<%08[GM8T0LYEEPETB%G;`SYC?C0D#Y2'&)8*)MI>U?R\RM;5 M"MY,%S&U8FUA7=_\TG7I@O%TS?`4P2AG6NO76U=VJ^>?__J^5/TZOF3XX?/ MCA_^=/SHT?'#'RTM9^$NCH/BPI???O;GUQ^C/YY^\_+Q%^5X6<3_^L,GO_S\ M>3D0,F@AT8LOG_SV[,F+KS[]_;O')?!M@4=%^)!&1*);Y`@=\`AT,X9Q)2"M.69EN`YQC7=70/$H`UZ?W7=D'81BIF@)YQMA MY`#W.&<=+DH-<$/S*EAX.(N#UO5D"53,+2L?VW9`X M8NXS'"LY1ZMAUC_J"2SY1Z!Y%'4Q+33*D(R>0%HMV:01^ MF9?I#*YV;+-W%W4X*]-ZAQRZ2$@(S$J$'Q+FF/$ZGBD".S1P M1%H$B)Z9B1)?7B?-AOZ'&(KA\1JCX_M\+H> MSHX;.1DC56#.M!FC=4W@K,S6KZ1$0;?785;30IV96\V(9HJBPRU769O8G,O! MY+EJ,)A;$SH;!/T06+D)QW[-&LX[F)&QMKOU4>86XX6+=)$,\9BD/M)Z+_NH M9IR4Q>Q,O91&\\!)0.YF. M+"XF)XO14=MK-=8:'O)QTO8F<%2&QR@!KTO=3&(6P'V3KX0-^U.3V63YPINM M3#$W"6IP^V'MOJ2P4P<2(=4.EJ$-#3.5A@"+-2[\JIB4OR!5BF'\/U-%[R=P!;$^UA[PX7988*0SI>UQH4(.52@)J=\7T#B8 MV@'1`E>\,`U!!7?4YK\@A_J_S3E+PZ0UG"35`0V0H+`?J5`0L@]ER43?*<1J MZ=YE2;*4D(FH@K@RL6*/R"%A0UT#FWIO]U`(H6ZJ25H&#.YD_+GO:0:-`MWD M%//-J63YWFMSX)_N?&PR@U)N'38-36;_7,2\/5CLJG:]69[MO45%],2BS:IG M60',"EM!*TW[UQ3AG%NMK5A+&J\U,N'`B\L:PV#>$"5PD83T']C_J/"9_>"A M-]0A/X#:BN#[A28&80-1?F#R`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`NS5>:9P, M7(,/ZEH4NU3[O:;=0J\T;7C85*6;_D&]C&*K:L/#II:KM%^VL[`I3!<.*QR0 M=JMVTQXVY5S!4>-$?@T^J*O9[W(7WBWZ2N/`KU7]H-8&D\L%_*+:4>/`FZ+$ MM.-4@E_JC*L]_\#35'NQ/-HI@\*+4E^MQZ9JGJEOP`!2L#W_RM1>Y-I+^0X> M#49SR(_"$09/C"S*.6`K#8P>Y>$!YE,.']I@!.*=E.9\8@>F>N+=_`,``/__ M`P!02P,$%``&``@````A``57O6:V`@``]P8``!D```!X;"]W;W)K&ULE)5=;YLP%(;O)^T_6+XO8,@'02%5$])MTB9-TSZN'3#! M*F!D.TW[[W>,`X6PK=U-P,[KQ^<]Y]BL;Y^J$CTRJ;BH8TP<#R-6IR+C]3'& M/[[?WX08*4WKC):B9C%^9@K?;MZ_6Y^%?%`%8QH!H58Q+K1N(M=5:<$JJAS1 ML!K^R86LJ(:A/+JJD8QF[:*J='W/6[@5Y36VA$B^A2'RG*FI8K6V$,E* MJB%^5?!&=;0J?0NNHO+AU-RDHFH`<>`EU\\M%*,JC3X=:R'IH03?3V1&TX[= M#B;XBJ=2*)%K!W"N#73J>>6N7"!MUAD'!R;M2+(\QG/X,F^4YCR@:7>%V1KZ.O/E>K"-V(3?K?OUDX` M^\7/>-_=5+&+\=9;JYD--%?A[UY5 M)*\J]O]2C/Q!(&\OEQ''&)+75R=<7=FSDK!MQ=EJ%8;7[H:"A>&8SB=P[[7S;K\`[IV&'MD7*H^\5JAD.6SE.4LXW-+>7':@1=.>_H/0 M<..TKP5\8!@<.\\!<2Z$[@;FPE MP,N;Q[SQV,/J[KDLT!,5DO%JC?W)%"-:)3QEU6F-?WR/;SY@)!6I4E+PBJ[Q M"Y7X;O/^W>K"Q:/,*54(%"JYQKE2=>1Y,LEI2>2$U[2"?S(N2J+@49P\60M* M4A-4%EXPG2Z\DK`*-PJ1N$:#9QE+Z($GYY)6JA$1M"`*\I*"_)0@.]G/R1)IVT>'/F2)8)+GJD)R'E- MHJ[G6^_6`Z7-*F7@0)<="9JM\=:/XB7V-BM3GY^,7F3O'LF<7SX*EGYF%85B MPS+I!7C@_%%3[U,-0;#G1,=F`;X*E-*,G`OUC5\^47;*%:SV'`QI7U'ZJ!2Q4Q+8I2< MI>+EKX;DMU*-2-"*P+43@=LK@^$U)@.XML&W_XOU&A.F)@>BR&8E^`5!GT&: MLB:Z:_UH@5%7C"9U6YZ_50?*HD6V6F6-EQB!<0DK^K0)?'_E/<$R)"UGYW)& MC'W'T#77LHSZA4/*WE*L,0PC?QIE6@ M<:$);-Z!'PPSW[6D?YFS%&O.08X.$O>1@3G8E_WF>_U@Z;:.)AL/W;MW+6). M,;,/]@YR<)"C@\1]9)`?[//K\]/D87XM`A=;=7\QWLN6U-DZ.,BQ08*9.3#\ MQ3(,1XT9]V,&%N"HN=Z")@\MM`C(_[$0CEO>DJP%!SDV2&':`1.L M`8QL9S+S]EME]ZFZ>@A$F8LA?%U=KK_Z4&[CV\_?]KO1U[)IJ_IP%\7C:30J M#ZMZ71V>[Z)__I:?KJ)1VQ6'=;&K#^5=]+ULH\_W/_]T^UHW7]IM678C\'!H M[Z)MUQUO)I-VM2WW13NNC^4!6C9ULR\Z^-H\3]IC4Q;KOM-^-TFFT_ED7U2' M:/!PTYSCH]YLJE69UZN7?7GH!B=-N2LZB+_=5L=6>]NOSG&W+YHO+\=/JWI_ M!!=/U:[JOO=.H]%^=?/;\Z%NBJ<=Z/X69\5*^^Z_,/?[:M74;;WIQN!N,@3* M-5]/KB?@Z?YV78$"3/NH*3=WT4-\([-9-+F_[1/T;U6^ML[?HW9;O_[25.O? MJT,)V89QPA%XJNLO:/K;&A%TGK#>LA^!/YO1NMP4+[ONK_KUU[)ZWG8PW#-0 MA,)NUM_SLEU!1L'-..G#6-4["`#^'^TKG!J0D>);__E:K;OM791DT>BI;#M9 MH:MHM'IINWK_W]`88S"F%:YSI)E1.XK'(2S\=7LUDV MOUJ`EQ.7A]8^=OBT/;S+DK!^"O.B*^]NF?AW!O(;L MM,<"5TE\`[YT[@WD*XSZ2MD\ M!FRHQ5);X/B@V]P'P@?2`1-09&3!<'Z`+/2"LG1`CQI8G8FG05OH+KD/A`^D M`X@&F%4?H`&]W$7POQV:Y)H&_3C8Q+!RC5%&39;&Q`AC1#`B74*TP4KY`&WH M!28N3`(3-Y]WRNB4.&-BQ#$B&)$N(>)@,7^`./32B]-!/2H"=<^1ZXWETACI M;CDC@A'I$J(%]@1?RQQ2>>'^@%ZH%D6N72VSJ3?IC)'1PHA@1+J$:(']R=42 MKB]Z2T-C&K(B?3'K]Z_'UY;E&+S1P16BN8R_7QLCD MFA'!B'0)T0(7<[6[\`'MK&J%&SG3@ M*.=(<"0)HF%B@7/FQ.D\XD[H)5(C6!1VTYCY5*.>7EX<8E4&W67\Z1X$@21"5A M(70DO;&WJ;+I1NY64K4:&,ICA@1'DB`:)M8X)\SW'I%4J73C-]73R?S^HD0\%TIXY&SM3A*.=(<"0)HF%B M/7/"Q$7[CG,+Y(B-A$(PW>UV.?=OJ'1'9[OD2'`D":*2L-`YDDXO6GP$YL\A MA=S,,Y3KCM9*<"0)HF%BH7/"[+?+*<`+CXSX^,T7H!!-O3=WE[JCFWK34:\+ MP:TD0503EDA'TQNI5P75V>D3A6Q2EQSE'`F.)$$T3*QT3ICOO$=(5,%TXU>( M9IYM/\9*ISG7ONQ@"(XD05025CI'TAN95W71C5PA-_,,Y0E#@B-)$`T3BY\3 M)F;>/OD]^S%J@FZ\$J80S;QW,%GJCC;-.4>"(TD0D80WEZZDTYGOK6GD&CF9 MYRCG2'`D":)A>I7UG7,^Y257(YIY__AEK[2"INJJNCLEAK1S'N'Z:6UTFG..1(<28*H MI(LJ;,HKK$9V@B\YRCD2'$F":)@?4V%37F$UHIGW3^'6RF:>%5W!K21!5!*6 M/FYV[6A5O^#;-K`7W]\:/+P*])@E\"Y0@L^2 M6$L*+6FP)8.6_I<\UF>FWRSR6U+P!O=I@>NDX`UNC4(MX`WN,$(M#$&KA.`GW@D!AJN8:6/O7L.E.X3K];L!9X[PI. M"0%O*8P"W)@'6F*X#CQ0#;0DT`>>EX5:(->P\X=:(-?PI"?4`KF&YR6A%L@U M/*((M$!HP<1)&^`/VG#L6S^4?1?-<'=K1KMS`4I^.\6%%,[QZ-WSIZB/<;L`;<'4'K\[U?V[A M%=_@+")N:ER_O_`0``__\#`%!+`P04``8`"````"$`)5$= MK%P$```U$```&````'AL+W=O0- M9?303D#G]8':FE?>R@/3=KTOH("GW6G(8>/N@B@-9JZW77<)^J<@%Z;]=]B) M7GYIBOUO14V0;=2)5^")TF=N^GW/(3A[EG?:5>"/QMF30_92MG_2RZ^D.)Y: ME'L.15Q8M'^/"#7J0J^-)"1[*U[7HI]>]JX4W^R#/Q5 MN`3+$V%M6G!*U\E?6$NK?WNC0%#U)%-!@J<@"1>3^=(/`\QYRS$4CG@*QV!U MTV$F'/`4#K*%9$+FX<1&]/B M45KP\G/:>`@D0R#5``^*E"R4^!-D<18N2P;T((&KSNE`@[20+O$02(9`J@&& M!JRV3]#`638N?J^EF0Y+T]L$V-7*:#;0I4R4,`M)+"35$4,;-L8G:.,L6+A8 M!"IN>]T)HUOBE(D29R&)A:0Z8HC#+OX$<9RE$R>#>A`(>N)5[LP?%$H92;?8 M0A(+277$T((S0=Z/CQN;\0D$I=26[_#\5$8JI0K1W4*S$HDP6G:]9SKW_<&V M2!4+>`U1_-2[7U5G;'Y>K92P*Z0KFP^42:L?2Y,6B^X+3.^"_&3\ M@+:^F<))AOC0$4"NMJ9L*+:AQ(92`S)+P#N@MO#Y)@Y1E@]NXJ!OI)CG&K^` M4'UMS2W,%#]*QY5RC&THL:'4@$Q)O/-IDF[OY4#T23URO77V)Z>TNA8CMJ'$ MAE(#,L/D/4P+\_]F7K1"/7X!F9E?#C.OK&3)8MQ"NH/C6HS$AOA=Y6K52^KO M'OW';46:(WDD9P4+&_<>KJ@K9$I1J9\/5@C(4;"T9&9 MO$,-?'"YVHUSP6&,"9./VF/JL9EWLV@'?2/!(J)1?!ZAXX_8+R)TVA%\&:%K MC>!?(W0+X)Y2C$O;.3N2W[/F6-3,*;G->Z@8R^@*5WBX\? MYEMMGFT%X`@R-#:CE7-MRI@5%2AN(]U"@U\*;11WN#0ELZT!GG>;5,V2P6#" M%)<-#0RIN89#%X44\*#%6D'C`HF!FCO,WU:RM0?@%95@Z[/49#WE>:OSR`%5A0I(F2L6<2NL8$ M\$F4]).!!>&[[KV5N:LRFL31;#P>3693I%F!=8_2@XCU78$GV M+/C>LPPGT7@Z&,8H^A\2%C+J##YPQQ=SH[<$AP8E;V8.]LJ^M3^4^!$YE MDK=EAN^1\>",XO.8?'+;\P;E@!F=8$8]XLP@0JXWZ,'8@U-#E[4-H"ND<1ZN ME_;@3KHO[CYR5H?A]&V7D_=(>?"Y5(B,NN-W.ATX9*<._(E+_)C_>T#]KG/^ M?01W'ELZG+VR$@Y^.!<*3`F?H*XM$7KM#W6"D]Y'^_MFF?B<7\='Z;(;4M9_ MP'N@Y25\XZ:4C24U%$@YB/RY-^$F"0NG6\P`%T/RN\\`&'?1`AN-#: M'18HS/J_D,5?````__\#`%!+`P04``8`"````"$`-%C?/54F>N-)" MU@D-O8`27J;&DE%3I M_&%32\76)?A^#D4C0A\R#,%B_VCU MO>W`3T4RGK-M:7[)W3("4EZ58;6?USH-`FY;AL:G?,L.5" MR1V!?@-:-PQW3S@'8LPI!F>.HO3*"41D*;U.Y=8&^3'1:)OZ(#(*A,OWD MHUG'ZY0=9M3#C#K$P"!`+C>(8&A.W]!Q;1WH`FG8*'UI;/<$VGV^QKC(IM`5 MN8T,ZA$'I]U.AI+GI1`\E'*1D=W$_5T"FZWOY#PM@H>T;:1?LC`.3SO`"[AW M1LY+(7@HY2+'#F9#6NS%-13V/#TN&M*W$5CY>K#B-_9\"+V^W(I%#\7:T+$9 MW*`?8$;T`7,;&G8D/MV1\$-WA$4?J+EKXH0//,6]9MM+>OKN$0G=X8.E.PJ%\ZI1=Q^"G#]^JD_.U:-JR/F]=L?)< MISCG]:X\'[;N/W]_?HA=BZWXO6O?#\\\_/;W5S9?V6!2=`Q'. M[=8]=MWE<;UN\V-19>VJOA1GN+*OFRKKX&MS6+>7ILAV_4W5:2T]+UA767EV M,<)C,R=&O=^7>?&ISE^KXMQAD*8X91WP;X_EI;U&J_(YX:JL^?)Z>=RL(MT:B]SG' MZW@-D9Z?=B5DH&5WFF*_=3^*QU3%[OKYJ1?HW[)X:ZW/3GNLWWYIRMWOY;D` MM:%.N@(O=?U%0W_;Z9_@YO7=W9_["OS9.+MBG[V>NK_JMU^+\G#LH-P;R$@G M]KC[_JEHJI`8IDW_K_;^6N.VY=%:PVH:<$P)V7 MHNT^ESJDZ^2O;5=7_R%(F%`81)H@"MB;ZW(EHXW8!#^.LD9&?8*?LBY[?FKJ M-P=F#8S97C(]!\4C1+YFACQNN;Z7*N2H@WS44;9NZ#J010OU^?H1PS&L`OC#:M[:@!SR.E&;9&;*2&V=[L/"ZY0 M(A`T3@([\22$BJB;ML5S>FD(;/&VB,)CK38QH&N-?<76=4H!D1^(81)0C= M263)8\J+EV\*BT"]I^`BJQ#W7B$\UML2`\+!`QE&0Q,Q[&R[D!OI#]E1W1;Y MA;@W#.&QF948D!$F]&.^Q%.*V'CV&J?L%GF&N#<-X;'ND1B082>\,/!#ADDI M)O!]9>E+"2XR#X&=GW865KG$@,;GO"DNQAF'$'Z2FU" M(@C']N&-QCT[&Z$T8.!/V2VR"_VT?,=N:*BFME>[>/_9PL0Q0(ZXAN&L8T/C@9NYA'%/_#=DO4'K, M-N9M6>2(?0AF#8D!(0?P94+"T,0X"(F4;V^O*I)[AT+0-,-)#&7(_&->AU%H M$:#HK<$*..(GTC62A)%S$)%?$:D!C">!V7)[&1Z$ZU&;$1R&S$@5&@CPY"URI0` MA(!7I<,\H>28BD>`)0E4TAR(M M3J?6R>M7??PAX77G[=?;T_X?``#__P,`4$L#!!0`!@`(````(0!YI!-E2@,``"\*```9````>&PO=V]R M:W-H965TB4`/Z\^?5A?>1!B'1`H18Q*J1L M(M<5:4$J+&:L(37\)V>\PA(>^S18GM.4 M[%EZKD@MM0@G)9:0ORAH(WJU*GV/7(7YT[FY25G5@,21EE2^MJ+(J=+H\50S MCH\E^'[Q%SCMM=L'2[ZB*6>"Y7(&910E92%;]U22_D](BP&Q%X+L3@=MU M/=;5>;2V]ECB]8JSBP-7!582#587SX]ND=/[T:L;A_\S",Z4R$:IQ"A$#N0N MX%">UX$_7[G/L)-IQ]G:''_,V/4,M6U*=C\%#E,@&0`N.#*V8'\_P)924;;Z MA+8],/`Y\=`S^I#]%#A,@60`C#S,/\2#4H%;-CP:+QPGO=4<'ZK!G-]B3-D9 MBC%F(0<+28;(R-OB0[PI%;BX<`E,WH$_R7S;D:Z9,Q1CSD(.%I(,D9$YJ,OA MY7N[-_2EH\BMAW[M;8>TC:BM@YV%["WD8"')$!GE!W7^_OP4>9Q?A\"7V74_ M]";WQ9!Z6WL+.6@DF.N&$8;AW5@D&8:,'$"G&3I076L.!WQ]IU70V$F'P#(# M)].N9$C&B84<--([">!OXF08,G*BW@L&_?>Z`T4>.^B0D8/%I`)VAF0<6,A! M(\&P2OQPZF(8IEWH0:DG2D7XB>Q(60HG96]]3\` M``#__P,`4$L#!!0`!@`(````(0#0/-JSS@(``"((```9````>&PO=V]R:W-H M965T$R')\S9SP>UM?/54F>A#92U3'UO1DEHDY4 M*NL\IK]_W5U<46(LKU->JEK$]$48>KWY_&E]4/K1%$)8`@RUB6EA;1,Q9I)" M5-QXJA$U?,F4KKB%5YTSTVC!TW915;)@-ENRBLN:.H9(3^%06283<:N2?25J MZTBT*+F%_$TA&_/*5B53Z"JN'_?-1:*J!BAVLI3VI26EI$JB^[Q6FN]*\/WL MSWGRRMV^G-!7,M'*J,QZ0,=>5VS%@&FS3B4XP+(3+;*8;OWHQO'/[?T@4UO$ M-`B]X&KA+Y:`)SMA[)U$3DJ2O;&J^NM0K:6>)>A8X-ZQ7"Z]13B[]/]/PEQ& MK<%;;OEFK=6!0->`I&DX]J`?`?%Y1V`%L5L$QS2D!'(UL`U/&S]7O\AMT!339T@"=N!>?V_?[$16/Z+@*&CCL:AN>=X+2>?!00/)9RD5,G MJS'M-">X:$S?1<9.KLX[\:%2TZVTZ+%8%SHU@PTZ9$8W(>3T_KZTJ]XH(!&$ MQGZ.9\V=)#>1W<"JA,[%%U&6AB1JC],V@!'41_L_P3;`9GH;GT=;R`(^L/X+ M3.B&Y^*!ZUS6AI0B`\Z9AW:TF_'NQ:H&$H4QK2R,YO:Q@'^Q@#$T\P"<*65? M7U"@_[MO_@$``/__`P!02P,$%``&``@````A`(M:/J*7`P``$0T``!D```!X M;"]W;W)K&ULE%?;;N(P$'U?:?\ARGL)#M<@H&JW MZFZE76FUVLNSFQBPFL21;4K[]SMCAQ`GH807(,/Q&9^9\<$L;]^RU'ME4G&1 MKWPR&/H>RV.1\'R[\O_\?KR9^Y[2-$]H*G*V\M^9\F_7GS\M#T*^J!UCV@.& M7*W\G=;%(@A4O&,950-1L!R^V0B940V/UF\>-KF0M+G%'2_D3&-C]SFH46?\5@*)39Z`'2!W6A;`]YZ9TH\<.7TOWBLMLG\614HNRQ*6 M+/!^9)D.)K/AJ`=)8'=D!#Y03==+*0X>3`VD5`7%&20+(.Y6!%(0>X?@E3_S M/=BK@C:\KLE\L@Q>H71QB;FW&'@]82I$`$FKS)"M?V8$8V:L+6[EW@;J:<+N M-*-KTB`8FE/??!A5O#:SQ8QKF'&%<`0"I+]`!$,/ZH+:M;6@'JEAJ.JI<5Y' M,/4?=Q<7F2U412XC3CWFTVZU4S?EQZD0[*:RD;$YAO4I@6%K*B'SBU)PE0*XB<$725$Y"V%92AC@YUF$%TN4%M,R!=;A"=^0$A5]F!03)4G&'0CVSE/@$MEZPA=]CBSJI&A=`GW!)WN3O;@V@NHO9]E3&[9%Y:FRHO% M'B^7(=RXJFAU\;T+T7B:\?'BSEZ(@^H;N)`6=,M^4+GEN?)2M@'.X6`&6Y+V M2FL?M"A@[W`K%1INHN;C#OYZ,+AU#0<`W@BACP]H.=6?F?5_````__\#`%!+ M`P04``8`"````"$`O%0U#XX#``"L"P``&0```'AL+W=OWEVP`2K@)'M M-.W?[QB#A7%;I5)?2C@]/IXS,S:SNG^J2N<1,TYHO7:#B>\ZN$YI1NK3VOWS M.[FY%KA"?$(; M7,-_,(RR=E%5>J'OWWH5(K6K%")VC0;-*]6I=?(58@]G)N;E%8-2!Q)2<1S*^HZ51I].]64H6,)OI^"&4I[ M[?;%DJ](RBBGN9B`G*<"M3TOO:4'2IM51L"!3+O#<+YVMT&4+%UOLVKS\Y?@ M"Q_\=GA!+U\8R;Z3&D.RH4RR`$=*'R3U6R8A6.Q9JY.V`#^9D^$0D)!9A+.I5)*2P@`_CH5D9T!"4%/[?-",E&LW>GM M9+[PIP'0G2/F(B%2TG72,Q>T^J=(02>E1,).!)Z=2.A/%H&_G"ZN%P%F&PD\ M.Y'KU]YV:^'9!W"M"4\EI,WO`0FT63%Z<:!GP3)OD#P!002Z,K%3*(]*@T[U M:YF&%$N1K519NPO7@>4:4NJ2%M]0+L>&/@<>>@9_9+#&(C'0#(`#`_3#_$@5:"F M1FD69M`[Q0F@[KI^,Y.RUQ1MS$)B"TF&B.%M]B'>I`HT+C2!CCL,?#/R74=Z MRYRF:',6$EM(,D0,<]!HP^9[^9+JCXXDMQ[ZO7<=TMZ([3G86\C!0F(+28:( M$1^<\^OCDV0SO@Z!A\YZ,`_-K.\UJ;=UL)!8(:'?7AC^9#8W-1*]8KC15),, M3W#W7.])DDU/"@F'G13,QV=`D[0G"XD[!,[T(#EC8WK9D/2*,3G!#"[HMYM) MDDUC'0*I',1SJW.H^DN3M#$+B172%2NP:J47#/=YQ=+R/98DV;2DD%&M1E?: M7I.T)0N).\2LU9V9&YAJY/ZP&PBICE-3BOJ*5IB=\!Z7)7=2>I83R`*Z6:-Z M.-J&B$?R!V(C5W2IR#%9ANX`YA:MQ2+X(V4`P8F:B`,:G]6Y@9ZS-_\!``#__P,`4$L#!!0`!@`(````(0`PS\:4.0,``!$*```9 M````>&PO=V]R:W-H965T MJ9",EROL.QY&M(QYPLK3"O_Z&=W<8B05*1.2\Y*N\"N5^'[]^=/RPL63S"A5 M"!1*N<*94E7HNC+.:$&DPRM:PC=<_>"7KY2=,@7=GH$A[2M,7O=4QE!0D'&"F5:*>0X)P"-AP?SJ7IW]2F[`S%&!LAAQ$2]1'+&YR##^B/5H&- M"YO`Y!UXMW;FVY;T+W.&8LR-D,,(B?J(90[.9]_HK ML3X'NQ&R'R&'$1+U$2L_..?7YZ?)=GXM`HNINC\-[*KO#*FSM3=(/VQBAQU: MTJ*Y0V:>Y]F$R*B`KF4*+I_K36FR;:I%0+YG:G@(#,F8,D@_;&;G?&A)[YLR M*L94,PJ;F[J@XD1W-,\EBOE9CSFM9%`S@3>!OJ@&^!8F5&\@M[`:.4*9G']F,%?+PH3P7.`G'*NNA?]`^;/W/HO````__\#`%!+ M`P04``8`"````"$`<3$=5,4"``#E!P``&0```'AL+W=O$C:9N@D"I=U:W2)DW3/IX=8\`JQLAV MFO;?[UZ<4$BREKT@N!R?<\^]E\ORYEE5Y$D8*W6=TF@24B)JKC-9%RG]]?/^ M8DZ)=:S.6*5KD=(78>G-ZN.'Y4Z;1UL*X0@PU#:EI7--$@26ET(Q.]&-J.%- MKHUB#AY-$=C&"):UAU05Q&%X%2@F:^H9$C.&0^>YY.).\ZT2M?,D1E3,0?ZV ME(T]L"D^ADXQ\[AM+KA6#5!L9"7=2TM*B>+)0U%KPS85^'Z.9HP?N-N'$WHE MN=%6YVX"=(%/]-3S(E@$P+1:9A(<8-F)$7E*UU%R&T4T6"W;`OV68F=[]\26 M>O?9R.RKK`54&_J$'=AH_8C0APQ#<#@X.7W?=N"[(9G(V;9R/_3NBY!%Z:#= ME^`(C279RYVP'"H*-)/X$IFXKB`!N!(E<32@(NPYI3$(R\R5*9U>32ZOPVD$ M<+(1UMU+I*2$;ZW3ZH\'M8X"S]6F=L<<6RV-WA'H-Z!MPW!ZH@2(S^<"22!V MC>"47E,",A8*^+2*YN$R>`+3?(^Y]1BXOF(Z1`"BG3*HC5=&,"IC53"56Q_H MR\3G9:;_(X-@*&L_^7C1\7IECYGU,+,.,3`(D/$&$0P]Z!LZK:T'C9"&>>A+ MXZ1-85[?[BX>:E/HBKR/#.HQC\Z[O1I*OBV%X*&4C\S:#Z@_)3!LQT[B.>3U M-C^>&O+O(W#R=2[G_Q@97+BCOPD$#Z5\Y-3*8DB+35F\VQ0\-*3?1X9.IN>; M$@'_>"LM>BBV#YV:P4GM,_L1>]=.>^Q(`IE2VI_J:'[\2?FEZC>7$J80GT15 M6<+U%A=F#+NHBW;+?!WC-!W'9\D:DH`70?<&EFS#"O&-F4+6EE0B!\YP<@TE M-GY-^P>G&T@=5JUVL%[;VQ)^IP+V43@!<*ZU.SR@0/>#7OT%``#__P,`4$L# M!!0`!@`(````(0`<5,_=B0(``%D&```9````>&PO=V]R:W-H965T4M-N4OB!\.3[GW`^;Q>VC:L@>C)6ZS6D2Q91`*W0AVRJG/W]LKCY0 M8AUO"][H%G+Z!);>+M^_6QRT>;`U@"/(T-J-%O4@U+X_B:*2Y;&A@R=MV5T*I#BJULI'OJ22E1(KNO6FWXML&\'Y,I%R?N?O&*7DEAM-6E MBY".!:.O<[YA-PR9EHM"8@:^[,1`F=-5DMW-*5LN^OK\DG"PHW=B:WWX9&3Q M1;:`Q<8V^09LM7[PT/O"AW`S>[5[TS?@FR$%E'S7N._Z\!ED53OL]@P3\GEE MQ=,:K,""(DV4SCR3T`T:P"=1TD\&%H0_YC1%85FX.J>3ZV@VCR<)PLD6K-M( M3TF)V%FGU>\`2GI3@:NWMN:.+Q=&'PBV&]&VXWYXD@R)O:6_3*([ M3[+R+#F=4X+;+19VOTSC=,'V6`UQQ-P%##X'3#(@&+H9+*&-L:6_E^>D[,%> MV9?+6[D+@;',LY$SF(4#SGH<(;C4VIT6*,R&G\+R#P```/__`P!02P,$%``&``@````A`/C-+Y+^ M`@``\@@``!D```!X;"]W;W)K&ULE%;;;J,P$'U? M:?\!^;TXD"M12)5NU=U*N])JM9=G!TRP"AC93M/^_<[8A$`2M?2%A,GQ.3XS M8T]6MR]EX3USI86L8A+X(^+Q*I&IJ'8Q^?/[X69!/&U8E;)"5CPFKUR3V_7G M3ZN#5$\ZY]QXP%#IF.3&U$M*=9+SDFE?UKR"7S*I2F;@5>VHKA5GJ5U4%C0< MC6:T9*(BCF&IAG#(+!,)OY?)ON25<22*%\S`_G4N:GUD*Y,A="533_OZ)I%E M#11;40CS:DF)5R;+QUTE%=L6X/LEF+#DR&U?+NA+D2BI969\H*-NHY>>(QI1 M8%JO4@$.,.V>XEE,-L'R+A@3NE[9!/T5_*`[WSV=R\-7)=+OHN*0;:@35F`K MY1-"'U,,P6)ZL?K!5N"G\E*>L7UA?LG#-RYVN8%R3\$1&ENFK_=<)Y!1H/'# M*3(ELH`-P-,K!;8&9(2]V,^#2$T>DW#J+Z;3R6PQ!YHMU^9!("?QDKTVLOSG M4$'#Y5C"A@4^&Y;QS)_.1^,`1-\AH6Y'UN`],VR]4O+@0=>`I*X9]F"P!.+K MCL`*8C<(CLF<>+!7#65X7@?1;$6?(75)@[ES&'B>,"V"@FBK#&K#E1&,RIA; MW,J="W1EPNLRXX_((#@F\#QM/HQ:7J?L,),.9M(B>@8!,MP@@J$&74.7N76@ M`=+0#\.E$6REV^0VD5X>HOEUE[./2"&X+^4B$WO\NMT!3=9U8$]<"`?W[0;% M57W^)@*.3B6-%M>MX'4]^"P@N"_51.P%T&N$J,^+7L;O6L%%?7X7Z58_B$[- MV5,,@'ZX%8ON:S6AR[I@AW:9TY4W3T,X$]O=UG,&S.J].$NN4)1\&9'3=AW`5<YP> M(5RI;;2=;)L0#\=Y?++`>?(QPFCW,QR+T;6 MD!R8&-+`J+%?<_AOP>%:'?D`SJ0TQQ=0INV_E?5_````__\#`%!+`P04``8` M"````"$`?*EE]ZX"```E!P``&0```'AL+W=O^[*X>I(->N3:"-7F.(EBC'C+5"':*L>_?]V>76)D+&T+ MVJB6Y_B9&WRU_/QIL57ZP=2<6P0,KIX"U]*I26UL-05 M,9WFM/";9$/2.#XGDHH6!X9,G\*ARE(P?J/81O+6!A+-&VK!OZE%9_9LDIU" M)ZE^V'1G3,D.*-:B$?;9DV(D6797M4K3=0-Y/R53RO;P8)N;RRXOF& M&P8%!9HHG3DFIAHP`$\DA3L94!#ZE.,4A$5AZQQ/SJ/913Q)`([6W-A;X2@Q M8AMCE?P;0(DW%;B\M1MJZ7*AU19!NP%M.NH.3Y(!L?,T!;;`T+M\RR2X+H@CU`-ML-TS2(PBXZ2V!C:&EU\NS5W9@I^S* MY:Q&>@_,I_&DYPW*`3,=8`XE&"4(D-,3=&!HSBBA>/9" M.H!.D(;6GB[MP%ZZ+^XN,A1*)H;?12"CPWF2X7(<2KS,:U/)?UO*F[7F'\7 M&:=R."*A*V$LA;LON:[X%]XT!C&U<2,GA4O;1_MIN$I=^5_&I]G*3TG2?X`I MU=&*WU-=B=:@AI=`&4<7X$B'.1<65G7@'&:5LC"?_&L-OR,.]S:.`%PJ9?<+ M$";]#V[Y#P``__\#`%!+`P04``8`"````"$`P01PUC$!``!``@``$0`(`61O M8U!R;W!S+V-O&UL(*($`2B@``$````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M````````````G)%!3\,@&(;O)OZ'AGM+Z=0XTK)$S4XN,7%&XPWAVTHLE`#: M[M_+NJ[.Z,DC>5\>GN^C7/2Z23[!>=6:"I$L1PD8T4IEMA5Z6B_3:Y3XP(WD M36N@0COP:,'.STIAJ6@=/+C6@@L*?!))QE-A*U2'8"G&7M2@N<]BP\1PTSK- M0SRZ+;9%(3EI:A5V-LXTZIZRI3B$4[OW:BIV79=ULT$C^A/\LKI_'$9-E=GO M2@!B^_TTW(=57.5&@;S9L?[--8GW=8E_9Z44@QT5#G@`F<3WZ,'NF#S/;N_6 M2\2*G%RDA*1DOBX(+7)Z.7\M\;$UWF<34(\"_R8>`6SP_OGG[`L``/__`P!0 M2P,$%``&``@````A`*+'M_NF`@``C`@``!``"`%D;V-0&UL M(*($`2B@``$````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M````````````````````````````````````````````````````G%;?3]LP M$'Z?M/^ARCND+84!-[D>=PW;4`IV:3.K'?G0_N3XXC5H.A/Y`O*FD9&Z,:2EE;A,VBQN?K)Q*A0,B#C)A7+`XM<-=@/")VTD MI'4)6^#Y`E(TMN7D'TI;-VI-A0,OIQ\MA)5"(\GR;M7':JT*AS;Y;>R3FP&@ M8S$Y5)NK9=.WN9:]I'NV\J#5IJ=GJ)2085/C1*("=Y>/A,7W))\U-:]45(HK M0>LJ+?=55M:9K*ZQAN2[3BN@3ER#/EET()G0(?OXFU1HQ1(/A> MX2;GUU*3OQ2*CXR35,K_.:1F<)[B[N.0P?L0@\`[_`I<:F7AV\K37Y9.:G`; M=:MCN?60+O]FJ$OXP%#D5H>YC[@F?\='8BFFBEJMYO%-4Y5@Q=CS7'2!49(; M"9IBV/>8F&\9LI9^/::AE)24X#'E;B'^H M/2`[H@D>LR.:K:ZC+D$AU8XT;X?_84"=KX]%4IVS1\*.]L#T]L`,%V9"UXPS8P&V-_:]#_D/K)W1<3 M,:L\R6`F:"!D:Y^W!O_N/E0_%TFG=]@^:M.3VMAC\>MO1/(7``#__P,`4$L! M`BT`%``&``@````A`&8>W.?)`0``A!,``!,``````````````````````%M# M;VYT96YT7U1Y<&5S72YX;6Q02P$"+0`4``8`"````"$`M54P(_4```!,`@`` M"P`````````````````"!```7W)E;',O+G)E;'-02P$"+0`4``8`"````"$` M4*NMRK(!``!1$@``&@`````````````````H!P``>&PO7W)E;',O=V]R:V)O M;VLN>&UL+G)E;'-02P$"+0`4``8`"````"$`6J5`+BD#``#="0``#P`````` M```````````:"@``>&PO=V]R:V)O;VLN>&UL4$L!`BT`%``&``@````A`/6O M]K9C!0``&Q0``!@`````````````````<`T``'AL+W=O&UL4$L!`BT`%``&``@` M```A`,O`;,]T`@``R@4``!D`````````````````?Q4``'AL+W=O&PO=V]R:W-H965T&UL4$L!`BT`%``&``@````A`*@,?.NF`@``PP8``!D````````` M````````DBH``'AL+W=O&PO=V]R:W-H M965T&PO M=V]R:W-H965T&UL4$L!`BT`%``&``@````A`,D'+5@8'@`` MKV```!0`````````````````FCT``'AL+W-H87)E9%-T&UL4$L! M`BT`%``&``@````A`.J;QA;T"0``S4\```T`````````````````Y%L``'AL M+W-T>6QE&PO=&AE;64O=&AE;64Q+GAM;%!+`0(M`!0`!@`(```` M(0!J"^<15P,``#8+```8`````````````````,AL``!X;"]W;W)K]9K8"``#W!@``&0`````` M``````````!5<```>&PO=V]R:W-H965T&UL4$L!`BT`%``&``@````A`+Y2VR^""```N2D` M`!@`````````````````J'8``'AL+W=O&PO=V]R:W-H965T&UL4$L!`BT`%``&``@````A`#7,YK@6`P``CPD``!@````````````````` MMH8``'AL+W=O:0394H#```O"@``&0`````````` M``````"'D```>&PO=V]R:W-H965T&UL4$L!`BT`%``&``@````A`(M:/J*7`P``$0T``!D` M````````````````#9<``'AL+W=O&PO M=V]R:W-H965T``!X;"]W;W)K&UL4$L!`BT`%``&``@````A`'$Q'53%`@``Y0<``!D````````````````` M$*(``'AL+W=O&PO=V]R:W-H965T&UL4$L!`BT`%``& M``@````A`'RI9?>N`@``)0<``!D``````````````````:L``'AL+W=OW^Z8"``","```$`````````````````!.L```9&]C4')O<',O =87!P+GAM;%!+!08`````)@`F`#P*```JM``````` ` end XML 16 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 17 R25.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 4 - Convertible Debt: Schedule of Fair Value Note and Warrant (Details) (Note and Warrants, USD $)
3 Months Ended
Sep. 30, 2014
Note and Warrants
 
Relative Fair Value Warrants $ 167,447
Relative Fair Value Note Payable $ 122,553
XML 18 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 4 - Convertible Debt
9 Months Ended
Sep. 30, 2014
Notes  
Note 4 - Convertible Debt

NOTE 4 – CONVERTIBLE DEBT

On March 26, 2014, the Company borrowed $290,000 under a convertible note agreement with an investor.  The note bears an interest rate of 10%, matures on March 26, 2015, and is convertible at $1.00 per share.  The investor received warrants to purchase 500,000 shares of common stock at $0.50 per share with a two year exercise term.

 

We evaluated the warrants for derivative accounting consideration under ASC Topic 815-40, Derivatives and Hedging – Contracts in Entity’s own stock.  We concluded that the warrants meet the criteria for classification in stockholders' equity.  Therefore, derivative accounting is not applicable for the warrants.  Accordingly, we allocated the proceeds from the transaction to the debt, stock, and warrants based on their relative fair value.  We determined the fair value of the warrants using a Black-Sholes option pricing model with the following inputs:

 

 

Risk-free interest rate

 

 

0.45

%

Dividend yield

 

 

-

%

Volatility factor

 

 

145

%

Expected life (years)

 

 

 2

 

 

The volatility was determined by referring to the average historical volatility of a peer group of public companies because we do not have a trading history from which to determine historical volatility. 

 

The fair value of the investment was allocated between the note and warrant as follows:

 

Relative fair value of warrants

 

 

$167,447

 

Relative fair value of note payable

 

 

$122,553

 

 

Because the price for recent sales of common stock exceeded the effective conversion price, we also recognized a beneficial conversion feature of $122,553.  The total discount on the note, $290,000, will be recognized as additional interest over the life of the note.  As of September 30, 2014, the remaining amount of the discount is $221,346.

 

On June 7, 2013, we entered into a convertible note in the principal amount of 100,000 which bears interest at the rate of 10% per annum.  At the option of the investor, the outstanding principal and interest due under the note may be converted into shares of our common stock at the price of $1.00 per share.  The note had originally had a due date of June 1, 2014 and was convertible at the most recent price we offered or sold common in an offering registered with the Securities and Exchange Commission.  On September 7, 2013, the note was amended to allow the amounts outstanding to be converted into our common stock at the price of $1.00 per share.

 

The note became due on June 1, 2014 and has not been paid as of September 30, 2014.  Subsequent to September 30, 2014, the note was amended and granted new due date of June 1, 2015.

 

On August 26, 2013, we entered into a note agreement with an investor with a principal amount of $200,000.  The note bears interest at the rate of 15% per annum and is due on August 26, 2014.  Under the terms of the note, the investor received 250,000 common shares and 500,000 common stock purchase warrants.  The warrants are exercisable at the price of $0.75 per share at any time prior to August 26, 2015.

 

The note became due August 26, 2014 and has not been paid as of September 30, 2014.  Subsequent to September 30, 2014, the note was amended and granted new due date of August 26, 2015.

 

On June 23, 2014, the Company borrowed $30,000 under a convertible note agreement with an investor.  The note bears an interest rate of 10%, matures on June 23, 2015, and is convertible at $1.00 per share.  Because the market price for our common stock on the date of the note exceeded the note’s conversion price, $1.00 per share, we recognized a beneficial conversion feature of $21,600 as a discount on the note.  The discount will be recognized as additional interest over the life of the note.  As of September 30, 2014, the remaining amount of the discount is $18,382.

 

On August 27, 2014, the Company borrowed $50,000 under a convertible note agreement with an investor.  The note bears an interest rate of 10%, matures on January 2 2015, and is convertible at $1.00 per share.  The investor also received 50,000 shares of common stock with the issuance of the note.

 

The fair value of the investment was allocated among the shares, note payable, and beneficial conversion feature:

 

Relative fair value of shares

 

 

$27,778

 

Relative fair value of conversion feature

 

 

$22,222

 

Relative fair value of note payable

 

 

$           -

 

The note is fully discounted in the amount of $50,000 will be amortized over the life of the note.  As of September 30, 2014, the remaining balance on the debt discount is $42,622.

 

We evaluated the conversion features embedded in the notes payable described above for derivative accounting in accordance with ASC 815-40, Derivatives and Hedging embedded in the modified notes payable for derivative accounting in accordance with the criteria for classification in stockholders' equity.  Therefore, derivative accounting is not applicable.

EXCEL 19 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%\T-&9F83(X-E]F8C5D7S0V86%?.3'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T5]);F9O#I%>&-E;%=O#I7;W)K#I7;W)K#I7;W)K#I7;W)K M#I.86UE M/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DYO=&5?,U]N;W1E#I%>&-E;%=O M#I7;W)K M3PO M>#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DYO=&5?-U].;W1E#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DYO=&5?,5]$97-C#I7;W)K#I%>&-E;%=O6%B;&5?4V-H961U M;&5?/"]X.DYA;64^#0H@("`@/'@Z5V]R:W-H965T4V]U#I%>&-E;%=O#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE M/DYO=&5?-%]#;VYV97)T:6)L95]$96)T7U-C:&5D=3(\+W@Z3F%M93X-"B`@ M("`\>#I7;W)K#I%>&-E M;%=O6%B;&5?1&5T86EL#I.86UE/@T*("`@ M(#QX.E=O#I%>&-E M;%=O#I.86UE/DYO=&5?,U]N;W1E#I7;W)K#I7;W)K#I%>&-E;%=O#I. M86UE/@T*("`@(#QX.E=O5]$970\ M+W@Z3F%M93X-"B`@("`\>#I7;W)K#I%>&-E;%=O6%B;&5?4F5L871E M9%]0,3PO>#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O6QE#I!8W1I=F53:&5E=#X-"B`@/'@Z4')O=&5C=%-T'1087)T7S0T9F9A,C@V7V9B-61?-#9A85\Y M-SED7S,S,S)D-S-F-V$Q-0T*0V]N=&5N="U,;V-A=&EO;CH@9FEL93HO+R]# M.B\T-&9F83(X-E]F8C5D7S0V86%?.3'0O:F%V M87-C3X-"B`@("`\=&%B M;&4@8VQA2!);F9O2!296=I'0^)S$P+5$\'0^4V5P(#,P+`T*"0DR,#$T M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$'0^)V9A;'-E/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@ M("`@/'1R(&-L87-S/3-$"!+97D\+W1D/@T*("`@ M("`@("`\=&0@8VQA'0^)TYO/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'1087)T7S0T9F9A,C@V7V9B-61?-#9A85\Y-SED7S,S,S)D-S-F-V$Q-0T* M0V]N=&5N="U,;V-A=&EO;CH@9FEL93HO+R]#.B\T-&9F83(X-E]F8C5D7S0V M86%?.3'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO M'0^)SQS<&%N/CPO M6%B;&4\+W1D/@T*("`@("`@("`\=&0@ M8VQA3PO=&0^#0H@ M("`@("`@(#QT9"!C;&%S6%B;&4\+W1D/@T*("`@("`@("`\=&0@8VQA M6%B M;&4L(')E;&%T960@<&%R='D\+W1D/@T*("`@("`@("`\=&0@8VQA'0^)SQS M<&%N/CPOF5D(#4P,"PP,#`L,#`P.R!I'0O:'1M;#L@8VAA'0^)SQS<&%N/CPOF5D/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XQ M,"PP,#`\F5D M/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XU,#`L,#`P+#`P,#QS M<&%N/CPO'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'!E;G-E*3H\+W-T'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N M/CPO'0^ M)SQS<&%N/CPO'0^)SQS<&%N/CPO'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO M6%B;&4L(&EN8W)E87-E(&1E8W)E M87-E/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M/B@W-"PY.3DI/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S3PO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^)SQS<&%N/CPO2!&:6YA;F-I;F<@06-T:79I=&EE'0^)SQS<&%N/CPO'0^)R9N8G-P.R9N8G-P.SQS M<&%N/CPO'0^)R9N8G-P.R9N M8G-P.SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO M'0^)SQS M<&%N/CPO'0^)SQS<&%N/CPO7!E.B!T97AT+VAT M;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@ M("`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`F(S$V M,#M4:&4@:6YF;W)M871I;VX@9G5R;FES:&5D(&AE2!T;R!F86ER;'D@ M<')E'0M86QI9VXZ M:G5S=&EF>3ML:6YE+6AE:6=H=#IN;W)M86P^/&9O;G0@;&%N9STS1$5.+553 M/DYO=&5S('1O('1H92!F:6YA;F-I86P@3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT M4&%R=%\T-&9F83(X-E]F8C5D7S0V86%?.3'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R'0^)SQS<&%N/CPO'0^)SPA+2UE9W@M+3X\<"!S='EL M93TS1&UA6QE/3-$;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C@N,'!T.VUA2!R86ES92!A9&1I=&EO M;F%L(&-A<&ET86P@=&AR;W5G:"!T:&4@'0O:F%V87-C3X- M"B`@("`\=&%B;&4@8VQA'0^)SPA+2UE9W@M+3X\<"!S='EL93TS1&UA6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C@N,'!T.VUA2`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`@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C@N,'!T.VUA2`Q+"`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`N-7!T M.V)A8VMG'0M86QI9VXZ6QE/3-$=VED=&@Z."XS-7!T.V)A8VMG M6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C@N,'!T.VUA M6QE/3-$=VED=&@Z,36QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.C!I;CMM87)G:6XM8F]T=&]M.C@N,'!T.VUA6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C@N,'!T.VUA M6QE/3-$=VED=&@Z,RXW M-7!T.V)A8VMG'0M86QI9VXZ6QE/3-$=VED=&@Z."XS-7!T M.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C@N,'!T.VUA6QE/3-$=VED=&@Z-#`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`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`\+V9O;G0^/&9O;G0@;&%N9STS1$5.+553/G!E&-H86YG92!#;VUM:7-S:6]N+B`F(S$V,#M/;B!397!T96UB M97(@-RP@,C`Q,RP@=&AE(&YO=&4@=V%S(&%M96YD960@=&\@86QL;W<@=&AE M(&%M;W5N=',@;W5T6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C@N,'!T.VUA'0M86QI9VXZ:G5S=&EF>3ML:6YE+6AE:6=H=#IN;W)M86P^ M/&9O;G0@;&%N9STS1$5.+553/D]N($%U9W5S="`R-BP@,C`Q,RP@=V4@96YT M97)E9"!I;G1O(&$@;F]T92!A9W)E96UE;G0@=VET:"!A;B!I;G9E2!T:6UE('!R:6]R('1O($%U M9W5S="`R-BP@,C`Q-2X@/"]F;VYT/CPO<#X@/'`@6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C@N,'!T.VUA'0M86QI9VXZ:G5S=&EF>3ML:6YE+6AE:6=H M=#IN;W)M86P^/&9O;G0@;&%N9STS1$5.+553/D]N($IU;F4@,C,L(#(P,30L M('1H92!#;VUP86YY(&)O6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C@N,'!T.VUA2`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`\<"!A;&EG;CTS1')I9VAT('-T>6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C@N,'!T.VUA6QE/3-$=VED=&@Z,3`N-7!T M.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C@N,'!T.VUAF5D M(&]V97(@=&AE(&QI9F4@;V8@=&AE(&YO=&4N)B,Q-C`[($%S(&]F(%-E<'1E M;6)E6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G M:6XM8F]T=&]M.C@N,'!T.VUA'0M86QI9VXZ:G5S=&EF>3ML:6YE+6AE:6=H=#IN;W)M86P^/&9O M;G0@;&%N9STS1$5.+553/E=E(&5V86QU871E9"!T:&4@8V]N=F5R7!E.B!T97AT+VAT M;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@ M("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$ M)W1E>'0O:'1M;#L@8VAA3QB M3PO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^)SPA+2UE9W@M+3X\<"!S='EL93TS1&UA M6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C@N,'!T.VUA M'0M86QI9VXZ:G5S=&EF>3ML:6YE+6AE M:6=H=#IN;W)M86P^/&9O;G0@;&%N9STS1$5.+553/D1U'0M86QI9VXZ:G5S=&EF>3ML:6YE+6AE:6=H M=#IN;W)M86P^/&9O;G0@;&%N9STS1$5.+553/D9O'0O M:F%V87-C3X-"B`@("`\ M=&%B;&4@8VQA"TM/CQP('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.C!I;CMM87)G:6XM8F]T=&]M.C@N,'!T.VUA'0M86QI9VXZ:G5S=&EF>3ML:6YE+6AE:6=H=#IN;W)M86P^ M/&9O;G0@;&%N9STS1$5.+553/D1U2!F M964@=&\@3G5T2`S M,2P@,C`Q."P@=&\@9&ES=')I8G5T92!T:&4@<')O9'5C="X@)B,Q-C`[5V4@ M<&%I9"`D/"]F;VYT/CQF;VYT(&QA;F<],T1%3BU54SXX-2PP,#`@/"]F;VYT M/CQF;VYT(&QA;F<],T1%3BU54SYI;B!C;VYJ=6YC=&EO;B!W:71H('1H92!L M:6-E;G-E+B`F(S$V,#M!="!T:&4@97AP:7)A=&EO;B!O9B!T:&ES(&9O=7(@ M>65A2!E>'1E;F0@=&AE(&QI8V5N65A2!M:6YI;75M(')O>6%L=&EE6QE/3-$;6%R9VEN M+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C@N,'!T M.VUA6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C@N,'!T.VUA M2`R-BP@,C`Q-"P@=V4@96YT97)E M9"!I;G1O(&%N(&%G2`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`P,#PO9F]N=#X\9F]N M="!L86YG/3-$14XM55,^+B8C,38P.R!4:&4@;F]T92!I&-E961E9"!T:&4@8V%S:"!S86QE6QE/3-$;6%R M9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C@N M,'!T.VUA2`Q-2P@,C`Q-"!A;F0@:&%S(&YO M="!B965N('!A:60@87,@;V8@4V5P=&5M8F5R(#,P+"`R,#$T+B8C,38P.R!3 M=6)S97%U96YT('1O(%-E<'1E;6)E6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C@N,'!T.VUA28C,30V.W,@;W=N('-T;V-K(&%N9"!C;VYC;'5D960@=&AA="!T:&4@8V]N M=F5R6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C@N,'!T.VUA2!H860@82!D=64@9&%T92!O9B!.;W9E;6)E M'1E;F0@=&AE(')E<&%Y M;65N="!D871E('1O($YO=F5M8F5R(#$U+"`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`@/&AE860^#0H@("`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`F;F)S<#L\ M+V9O;G0^/"]P/CQS<&%N/CPO7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T* M#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O M;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA6%B;&4Z(%-C:&5D=6QE(&]F($9A:7(@5F%L=64@4W1O8VL@86YD M($QO86X@*%1A8FQE"TM/CQP('-T>6QE/3-$;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C@N,'!T.VUA6QE M/3-$=VED=&@Z,36QE/3-$ M=VED=&@Z-RXU<'0[8F%C:V=R;W5N9#HC0T-%149&.W!A9&1I;F6QE/3-$=VED=&@Z-#$N,C5P=#MB86-K9W)O=6YD.B-# M0T5%1D8[<&%D9&EN9SHP/B`\<"!S='EL93TS1&UA'0O:F%V87-C3X-"B`@("`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`\<"!A;&EG;CTS1')I9VAT('-T>6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C@N,'!T.VUA M6QE/3-$ M;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M M.C@N,'!T.VUA6QE/3-$;6%R9VEN+71O M<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C@N,'!T.VUA M'0M86QI9VXZ6QE/3-$=VED=&@Z.2XP<'0[8F%C:V=R;W5N9#HC0T-% M149&.W!A9&1I;F3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT M4&%R=%\T-&9F83(X-E]F8C5D7S0V86%?.3'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R'0^)SPA+2UE9W@M+3X\<"!S='EL93TS1&UA6QE M/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T M=&]M.C@N,'!T.VUA6QE/3-$=VED=&@Z,36QE/3-$=VED=&@Z,RXW-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R M9VEN+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C@N,'!T.VUA6QE/3-$=VED=&@Z-BXP<'0[8F%C:V=R M;W5N9#HC0T-%149&.W!A9&1I;F6QE/3-$=VED=&@Z,SDN M-S5P=#MB86-K9W)O=6YD.B-#0T5%1D8[<&%D9&EN9SHP/B`\<"!A;&EG;CTS M1')I9VAT('-T>6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C@N,'!T.VUA6QE/3-$=VED=&@Z,3`N-7!T.V)A8VMG6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.C!I;CMM87)G:6XM8F]T=&]M.C@N,'!T.VUA6QE/3-$;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.C!I M;CMM87)G:6XM8F]T=&]M.C@N,'!T.VUA'0M86QI9VXZ'1087)T M7S0T9F9A,C@V7V9B-61?-#9A85\Y-SED7S,S,S)D-S-F-V$Q-0T*0V]N=&5N M="U,;V-A=&EO;CH@9FEL93HO+R]#.B\T-&9F83(X-E]F8C5D7S0V86%?.3'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^)SQS<&%N/CPO7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X- M"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP M92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA6%B M;&4@*$1E=&%I;',I("A54T0@)"D\8G(^/"]S=')O;F<^/"]T:#X-"B`@("`@ M("`@/'1H(&-L87-S/3-$=&@^1F5B+B`R."P@,C`Q-#QB7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T* M#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O M;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO M'0^)SQS<&%N/CPO&5D($EN=&5R97-T(%)A=&4\+W1D/@T*("`@("`@("`\=&0@ M8VQA'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS M<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO&5D($EN=&5R97-T+"!097)C96YT86=E(%)A=&4\+W1D M/@T*("`@("`@("`\=&0@8VQA'0^)SQS<&%N/CPO M'0^)SQS<&%N M/CPO6%B;&4\+W1D/@T* M("`@("`@("`\=&0@8VQA'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO M'0^ M)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPOF5D($1I'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO M'0^)SQS<&%N M/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\T-&9F83(X-E]F8C5D M7S0V86%?.3'0O M:'1M;#L@8VAA2!2871E/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XQ-#4N,#`E M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S M8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I M=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A6%B;&4\+W1D/@T*("`@("`@("`\=&0@ M8VQA7!E.B!T97AT+VAT;6P[(&-H87)S970] M(G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T M<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@ M8VAA7!E.B!T97AT+VAT;6P[(&-H87)S M970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@ M:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M M;#L@8VAA'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO&5R8VES92!0'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO M'0^)SQS<&%N M/CPO'0^)SQS M<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO M'0^)SQS<&%N M/CPO'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^)SQS<&%N/CPO'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA M2`H M1&5T86EL'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS M<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N M/CPO'0^)SQS M<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO M'0^)SQS<&%N M/CPO'0^)SQS M<&%N/CPO'0^)SQS M<&%N/CPO'0^ M)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO M'0^)SQS<&%N M/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO7!E.B!T97AT+VAT;6P[ M(&-H87)S970](G5S+6%S8VEI(@T*#0H\>&UL('AM;&YS.F\],T0B=7)N.G-C M:&5M87,M;6EC'1087)T7S0T9F9A,C@V7V9B-61?-#9A85\Y-SED7S,S,S)D-S-F-V$Q %-2TM#0H` ` end XML 20 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 7 - Notes Payable - Related Party (Details) (USD $)
Sep. 30, 2014
Aug. 27, 2014
Jun. 23, 2014
Apr. 30, 2014
Mar. 26, 2014
Dec. 31, 2013
Sep. 07, 2013
Aug. 26, 2013
Jun. 07, 2013
Feb. 15, 2012
Sep. 30, 2014
Neil Catania
Dec. 31, 2013
Neil Catania
Sep. 30, 2013
Neil Catania
Feb. 15, 2013
Neil Catania
Dec. 31, 2012
Neil Catania
Nov. 15, 2012
Neil Catania
Feb. 15, 2012
Neil Catania
Due to Related Parties, Current                     $ 305,000 $ 405,000       $ 135,000  
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate     10.00%         15.00% 10.00% 10.00%           10.00%  
Debt Instrument Principal Outstanding                             160,000    
Debt Instrument Convertible Conversion Price                         $ 1.00        
Loans Payable, Current                           50,000      
Common Stock, Par Value $ 0.0001 $ 1.00 $ 1.00 $ 1.00 $ 0.50 $ 0.0001 $ 1.00   $ 1.00         $ 1.00      
Accounts Payable, Interest-bearing, Interest Rate                           10.00%      
Debt Instrument, Debt Default, Amount                                 $ 50,000
Sale of Stock, Price Per Share                                 $ 1.00
XML 21 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 6 - Commitments & Contingencies (Details) (Sullivan Media Group, USD $)
1 Months Ended
Apr. 30, 2014
Jan. 31, 2014
Sullivan Media Group
   
Proceeds from License Fees Received   $ 85,000
Marketing Expense $ 104,500  
XML 22 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 3 -notes Payable
9 Months Ended
Sep. 30, 2014
Notes  
Note 3 -notes Payable

NOTE 3 – NOTES PAYABLE 

 

During February 2014, an investor loaned the Company $50,000 with a maturity date of May 1, 2014.  The investor also received 50,000 shares of common stock in conjunction with the loan.  The proceeds were allocated using relative fair value to the stock and loan as follows:

 

Relative fair value of stock

 

$

25,000

 

Relative fair value of note payable

 

 $

25,000

 

 

The discount on the note, $25,000, will be recognized as additional interest over the life of the note.  As of September 30, 2014, the note’s discount has been fully amortized.

 

The note became due on May 1, 2014 and has not been paid in full as of September 30, 2014.  An informal extension has been granted by the investor.[s1] 

XML 23 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
NutraFuels, Inc. - Balance Sheets (USD $)
Sep. 30, 2014
Dec. 31, 2013
Current Assets:    
Cash $ 27,055 $ 63,255
Accounts receivable 12,503 10,068
Subscription receivable   25,000
Inventory 274,115 274,925
TOTAL CURRENT ASSETS 313,673 373,247
Property, Plant and Equipment, net 262,098 [1] 274,282 [1]
Total Assets 575,771 647,529
Current Liabilities:    
Accounts payable 26,754 109,707
Accrued liabilities 103,886 41,099
Convertible debt 437,650 [2] 262,823 [2]
Convertible debt, related party 210,000 210,000
Notes payable 25,000  
Notes payable, related party 95,000 95,000
Total Current Liabilities 898,290 718,629
Stockholders' Deficit    
Preferred stock    [3]    [3]
Common stock 2,200 [4] 2,124 [4]
Additional paid-in capital 3,773,385 2,707,549
Retained earnings (4,098,104) (2,780,773)
SHAREHOLDERS' DEFICIT (322,519) (71,100)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT $ 575,771 $ 647,529
[1] net of accumulated depreciation of $85,399 and $46,092, respectively.
[2] net of discount of $282,350 and $87,177
[3] $0.0001 par value; Authorized 10,000; issued and outstanding 1,000 and 10,000 respectively.
[4] $0.0001 par value; Authorized 500,000,000; issued and outstanding 21,998,408 and 21,238,408 respectively.
XML 24 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 1 - Description of Business, Basis of Presentation, and Summary of Significant Accounting Policies
9 Months Ended
Sep. 30, 2014
Notes  
Note 1 - Description of Business, Basis of Presentation, and Summary of Significant Accounting Policies

NOTE 1 – DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION, AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Description of Business

 

Nutrafuels is the producer of nutritional supplements that uses micro molecular formulae and a utilization of an oral spray to provide faster and more efficient absorption.

 

Basis of presentation

 

The financial statements have been prepared by Nutrafuels, Inc. in accordance with accounting principles generally accepted in the United States.  The information furnished herein reflects all adjustments (consisting of normal recurring accruals and adjustments), which are, in the opinion of management, necessary to fairly present the financial position and operating results for the respective periods.

 

Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal period, as reported in the Company’s most recent annual report on Form 10-K, have been omitted.  

XML 25 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 3 -notes Payable: Schedule of Fair Value Stock and Loan (Details) (Stock and Loan, USD $)
9 Months Ended
Sep. 30, 2014
Stock and Loan
 
Relative Fair Value Stock $ 25,000
Relative Fair Value Note Payable $ 25,000
XML 26 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 4 - Convertible Debt: Schedule of Derivative Liabilities at Fair Value (Details)
3 Months Ended
Sep. 30, 2014
Details  
Derivative, Variable Interest Rate 0.45%
Fair Value Assumptions, Expected Volatility Rate 145.00%
Remaining Contractual Term 2
XML 27 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 28 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 2 - Going Concern
9 Months Ended
Sep. 30, 2014
Notes  
Note 2 - Going Concern

NOTE 2 – GOING CONCERN

 

As shown in the accompanying financial statements, we have incurred losses from inception, including net losses of $1,317,331 for the nine months ended September 30, 2014.  In response to these conditions, we may raise additional capital through the sale of equity securities, through an offering of debt securities or through borrowings from financial institutions or individuals.  The financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern. 

XML 29 R3.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statement of Financial Position - Parenthetical (USD $)
Sep. 30, 2014
Dec. 31, 2013
Statement of Financial Position    
Preferred Stock, Par Value $ 0.0001 $ 0.0001
Preferred Stock, Shares Authorized 10,000 10,000
Preferred Stock, Shares Issued 1,000 1,000
Preferred Stock, Shares Outstanding 1,000 1,000
Common Stock, Par Value $ 0.0001 $ 0.0001
Common Stock, Shares Authorized 500,000,000 500,000,000
Common Stock, Shares Issued 21,998,408 21,238,408
Common Stock, Shares Outstanding 21,998,408 21,238,408
XML 30 R17.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 4 - Convertible Debt: Schedule of Derivative Liabilities at Fair Value (Tables)
9 Months Ended
Sep. 30, 2014
Tables/Schedules  
Schedule of Derivative Liabilities at Fair Value

 

Risk-free interest rate

 

 

0.45

%

Dividend yield

 

 

-

%

Volatility factor

 

 

145

%

Expected life (years)

 

 

 2

 

XML 31 R1.htm IDEA: XBRL DOCUMENT v2.4.0.8
Document and Entity Information
9 Months Ended
Sep. 30, 2014
Document and Entity Information:  
Entity Registrant Name NUTRAFUELS INC
Document Type 10-Q
Document Period End Date Sep. 30, 2014
Amendment Flag false
Entity Central Index Key 0001563463
Current Fiscal Year End Date --12-31
Entity Common Stock, Shares Outstanding 21,788,408
Entity Filer Category Smaller Reporting Company
Entity Current Reporting Status Yes
Entity Voluntary Filers No
Entity Well-known Seasoned Issuer No
Document Fiscal Year Focus 2014
Document Fiscal Period Focus Q3
XML 32 R18.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 4 - Convertible Debt: Schedule of Fair Value Note and Warrant (Tables)
9 Months Ended
Sep. 30, 2014
Tables/Schedules  
Schedule of Fair Value Note and Warrant

 

Relative fair value of warrants

 

 

$167,447

 

Relative fair value of note payable

 

 

$122,553

 

XML 33 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
NutraFuels, Inc. - Statements of Operations (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Income Statement        
Revenue $ 5,337 $ 192,243 $ 53,247 $ 479,328
Cost of revenues 88,332 90,058 144,098 183,305
Gross profit (loss) (82,995) 102,185 (90,851) 296,023
Operating Expenses:        
Advertising and promotion 72,612 54,484 253,859 168,519
Administrative salaries 48,500 59,221 132,500 125,289
Selling, general, and administrative 180,022 571,429 542,144 1,547,065
Depreciation 13,135 12,438 39,307 38,772
TOTAL OPERATING EXPENSES 314,269 697,572 977,810 1,879,645
Other Income (Expense):        
Income for Indebtedness     7,956  
Interest Income 1   15  
Interest Expense (102,621) (7,239) (256,641) (34,461)
Net Loss $ (499,884) $ (602,626) $ (1,317,331) $ (1,618,083)
Net loss per common share- basic and diluted $ (0.02) $ (0.03) $ (0.06) $ (0.09)
Weighted average common shares outstanding- basic and diluted 21,857,865 20,971,595 21,593,151 17,526,309
XML 34 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 7 - Notes Payable - Related Party
9 Months Ended
Sep. 30, 2014
Notes  
Note 7 - Notes Payable - Related Party

NOTE 7 – NOTES PAYABLE - RELATED PARTY

 

As of September 30 2014, the Company is indebted to Neil Catania, vice president, for $305,000.  From time to time, Mr. Catania has advanced funds to the Company with no formal note agreement.  During 2013, Mr. Catania advanced $405,000 to the Company and the Company repaid $310,000, resulting a net balance due to him of $95,000.  The remaining $210,000 relates to two convertible notes payable, which are described below. 

 

On November 15, 2012, the Company borrowed $135,000 under a convertible note agreement with Neil Catania, vice president.  Under the original terms of the note, it was convertible at the most recent price of shares sold in an offering registered with SEC.  The note bears interest at 10% and is due on November 15, 2014.  As of December 31, 2012, $160,000 in principal was outstanding.  During September 2013, the note was modified to establish a set conversion price of $1.00 per share.  Because no registered offering of our common stock has occurred, the notes did not have an effective conversion feature before the modification occurred and thus derivative treatment could not be determined.  Additionally, there was no beneficial conversion feature associated with the notes prior to their modification.  

 

Subsequent to September 30, 2014, the note was amended and granted new due date of November 15, 2015.

 

We evaluated the modification using the criteria set forth in ASC Topic 470-50, Debt – Modifications and Extinguishments and we determined that the modification was an extinguishment because there was a substantial modification of terms.  However, we did not experience a gain or loss on extinguishment because the fair value of the extinguished note was the same as the fair value of the modified note.  There was no beneficial conversion feature associated with the modified note because the conversion price equaled or exceeded the cash sales prices of common stock ($.35 per share) that had occurred before the modification.

 

On February 15, 2013 Mr. Catania lent the Company an additional $50,000.  The note is convertible into common stock at a price of $1.00 per share.  The note bears interest at 10% and is due on May 15, 2014.  The conversion feature was not beneficial at the time of issuance because the conversion price equaled or exceeded the cash sales prices of common stock ($.35 per share) that had occurred before the modification.

 

The note became due on May 15, 2014 and has not been paid as of September 30, 2014.  Subsequent to September 30, 2014, the note was amended and granted new due date of November 15, 2015.

 

We evaluated the conversion features embedded in the modified November Note and the February Note for derivative accounting in accordance with ASC 815-40, Derivatives and Hedging – Contracts in Entity’s own stock and concluded that the conversion features meet the criteria for classification in stockholders' equity.  Therefore, derivative accounting is not applicable.

 

On February 15, 2012, we entered into a convertible note with an investor with an aggregate principal and interest outstanding of $50,000 which bears interest at the rate of 10% per annum.  The note had originally had a due date of November 15, 2013 and was convertible at the most recent price we offered or sold common in an offering registered with the Securities and Exchange Commission.  On September 7, 2013, the note was amended to (i) extend the repayment date to November 15, 2014 and allow the amounts outstanding to be converted into our common stock at the price of $1.00 per share.

 

Subsequent to September 30, 2014, the note was amended and granted new due date of January 15, 2015.

XML 35 R11.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 6 - Commitments & Contingencies
9 Months Ended
Sep. 30, 2014
Notes  
Note 6 - Commitments & Contingencies

NOTE 6 – COMMITMENTS & CONTINGENCIES

 

During January 2014, we were granted a license to market nutritional supplements under the TapouT XT name to retail locations worldwide.  Under the license agreement, we are required to pay a royalty fee to Nutra Evolution of 12.5% of net sales.  The agreement provides us with an initial test period of four years, until January 31, 2018, to distribute the product.  We paid $85,000 in conjunction with the license.  At the expiration of this four year period, we may extend the license for three (3) consecutive three (3) year terms.  We are required to pay minimum royalties of $400,000 during the first contract year; $750,000 during the second contract year and $1,000,000 each year thereafter.

 

In late April 2014, the Company entered into an agreement with Sullivan Media Group, a Nevada corporation, to conduct market research in regards to promotion of the NutraFuels brand at a cost of $104,500.

 

On May 26, 2014, we entered into an agreement with SRC Sales Inc., a Massachusetts corporation (“SRC Sales”) to be the exclusive distributor of our products to certain retailers (the “Retailer Accounts”) in the United States and Canada.  We agreed to pay 7% of sales derived from any Retailer Account obtained from the efforts of SRC Sales.  The agreement has a term of 36 months.  We agreed to issue 50,000 restricted shares of our common stock to SRC Sales for each Retailer Account, and 50,000 shares for each order of $500,000.  For purposes of the agreement, Retailer Account means a retailer with more than 200 locations.  The terms of the Agreement do not apply to any of our prior or existing customers.

XML 36 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 4 - Convertible Debt (Details) (USD $)
Sep. 30, 2014
Aug. 27, 2014
Jun. 23, 2014
Apr. 30, 2014
Mar. 26, 2014
Dec. 31, 2013
Sep. 07, 2013
Aug. 26, 2013
Jun. 07, 2013
Feb. 15, 2012
Details                    
Subscription receivable         $ 290,000 $ 25,000        
Short-term Debt, Percentage Bearing Fixed Interest Rate         10.00%          
Debt Conversion Converted Instrument Warrants or Options Issued 150,000     500,000 500,000          
Common Stock, Par Value $ 0.0001 $ 1.00 $ 1.00 $ 1.00 $ 0.50 $ 0.0001 $ 1.00   $ 1.00  
Beneficial Conversion Feature 122,553   21,600              
Debt Discount 221,346                  
Convertible Note Issued                 100,000  
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate     10.00%         15.00% 10.00% 10.00%
Notes and Loans Payable     30,000         200,000    
Warrant Exercise Price               $ 0.75    
Debt Instrument, Unamortized Discount 18,382                  
Discounted Note   50,000                
Discounted Note 50,000                  
Long-term Debt $ 42,622                  
XML 37 R19.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 4 - Convertible Debt: Schedule of Fair Value Investment (Tables)
9 Months Ended
Sep. 30, 2014
Tables/Schedules  
Schedule of Fair Value Investment

 

Relative fair value of shares

 

 

$27,778

 

Relative fair value of conversion feature

 

 

$22,222

 

Relative fair value of note payable

 

 

$           -

XML 38 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 1 - Description of Business, Basis of Presentation, and Summary of Significant Accounting Policies: Basis of Presentation (Policies)
9 Months Ended
Sep. 30, 2014
Policies  
Basis of Presentation

Basis of presentation

 

The financial statements have been prepared by Nutrafuels, Inc. in accordance with accounting principles generally accepted in the United States.  The information furnished herein reflects all adjustments (consisting of normal recurring accruals and adjustments), which are, in the opinion of management, necessary to fairly present the financial position and operating results for the respective periods.

 

Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal period, as reported in the Company’s most recent annual report on Form 10-K, have been omitted.  

XML 39 R13.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 8 - Subsequent Events
9 Months Ended
Sep. 30, 2014
Notes  
Note 8 - Subsequent Events

NOTE 8 – SUBSEQUENT EVENTS

 

During October 2014, [s2] the company entered into a convertible note with an investor with a principal amount of $60,000, and bears an interest rate of 10%.  As additional consideration for providing the principal amount, the investor shall also receive 150,000 shares of common stock. 

 

The note was due on November 2, 2014 and has not been paid.

 

In November 2014, the Company issued a $30,000 convertible note along with an equity consideration to raise additional capital.

 

During November 2014, the due dates for several notes payable was extended, as detailed in Notes 4 and 7.

XML 40 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 1 - Description of Business, Basis of Presentation, and Summary of Significant Accounting Policies: Description of Business (Policies)
9 Months Ended
Sep. 30, 2014
Policies  
Description of Business

Description of Business

 

Nutrafuels is the producer of nutritional supplements that uses micro molecular formulae and a utilization of an oral spray to provide faster and more efficient absorption.

XML 41 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 3 -notes Payable: Schedule of Fair Value Stock and Loan (Tables)
9 Months Ended
Sep. 30, 2014
Tables/Schedules  
Schedule of Fair Value Stock and Loan

 

Relative fair value of stock

 

$

25,000

 

Relative fair value of note payable

 

 $

25,000

 

ZIP 42 0001511164-14-000707-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001511164-14-000707-xbrl.zip M4$L#!!0````(`%B"Q8GLRFMK92%`E)V%"DPHL]VE]_N@%*`BF*%"EZ MQH[UDHQ%HOM#`VATHQO-[_[^:>9*#R0(J>^]/5).Y".)>+;O4&_R]HB&?JO3 M,;HMY>COW__?_W[WEU9+N@U\)[:)(XT6TN7%N]Y=&-.(2*$_CAZM@!Q+/>?! M\O"%OC^;QQ$)I&O/\Q^L"#B$Q_"'?7(,S^:+@$ZFD?1-_UM)E>5.2Y457?K7 M[>T_!U=Z_\?>#Q\O]('^PT^#X?M_GTB/CX\GQ)E8`>-V8OLSJ=5"2)]&@2M! M'[SPS/,]+YZ]/9I&T?SL]!2;X-,3/YB<.E%P&BWFY!1>:L%;)*#V$6^7WP`@ M::?4"R/L2_+F61RV)I8U7[486^&(O9T\.,4^M&2EI2G+)DC0H:L6(OWV*7^X M?-4AF?="8I],_(=3>)!#>4S=%/1PZL^].`JL<4S<$$7$&LE=35Z!<:GW>ZK1 MH\;0*-UN]Y0]774U"K8*IGL*3Y^1%8[>U'(R33Z%S))TR.LF\.>M;X51RB$UGE@L3 M\GIP=239OA>13]$=$KA4])^U(RGV*/_[P_#BZ'O5E`WCNU.11D6B&R3;FEI( MLF?;?NQ%X1VQ"7VP1BX9D*@R<$4U9&W-)9?HOFPWF<*"ZU1A.HQ\^_>I[SJ@ M'"__`+6S&/@1&<:CT`[HG&FS=>.*8$``LKP&4XE5"N2U]T"\R`\6=<9!-75% M$89;)%:32QZ/KKH+CUX8DBCLQT$`SRMW15.TMBG.*9%:73Z;7$Q-U0Z.ZGP&;Z$$J?/V*'GQMZ(7?V-=_8V"NJ@\M&U5[@K3O8C- MDP#?`7;>7%$[:@W0?!PJ"\DP#=-4LL-9F?*F%M5-0^T6TTW4SZVUP#6=3"'H MX\#W[)IK0&V;AKZIX0I8-`LI1^5V3=G<"U$0$^<]M4;4I1$E82-R4F2MTVFG M8.W`IG%D&[ATD%=W+UA]'[1K$%$0[@49I==KYMD>ND77S+8A[%X9RGL@JJ4T MVJ`SM%IHZFXV*M@2\G8!Y.T'=3@WP1?MB.5ZJ][/M)4BTMK*Y(ZX5D2<6RMH M;+UVM\,HY_9D0)\0YN:2KRRS3K>C=@4TFR3WXKC!SU0Z;7'+*^%W"VX1@9\= M9OG^8KDQR1@7&\\%A04>WIF'WF\$"K)<&!E?JQ[O'3B7\.W[LYGO;6&:?;B/ MZ:>F=42:\%Z0:NEG1=5WA--S'(K.CN7>6M2Y]OK6G$:66]T9,$U-ZPA.QQ;" M^S//\\G!".M68WU'(HMZQ+FT`H]ZDQ!V_G@6,Y5Q0<;4IM77?TL'\U^1!S(INBC542TZ217EXJFJH;2+7*\]V*YR=!4E&)'?YL:AMVA@0YG M/9PR!@VB*?6**F%)*V782&^"880SA6F16Q(,IU90S<()G66SH^_E$]B[%='S MW(5=XP@_'S[V/.S%T=0/Z'^)4T5RO"T[41/G=C&#QK`\/9+K,(SK2Z08!J?= M"(0G!7`31WC>C6&@IQ&$P*`Y,,U"$6R5)UU1I@OZ=RV4$(.RSI!E3+#N+8!N2" MS`-@QX+B18Q_S3W`U!1-\&Y$6C69:'E!.EWK-,CD0M%E159^6T:D,RX;_&8V MRDWCW+1<;AW35`NXC:G+3?4K/QB2X(':)!3.<`HMWV+.G6X;!N^[TS(.FVX( M7U@7<0!3"10O];D.YC\+5.J/@=K5%#WCJ^S*]:GP%H^BDHK&U0?')7KJZ[4#_W8) M_@/\.9'@';%=*PPI^/0\"^AFO#6T5U_2+575Q>WY"4&NE,2U9_LSK"K;6DIY[XT^?\!0WX:-3>F,P'=F^21(JXFW'M:=W(^R MG-R2O.\RR>-%[1<" M7=SUQ&!:/==A%?_.V(S56*^.S,0C83R4/"<>R]&RW#6Q*V)%<7'@N<0ZTSJJ MRL_-*O!;'^L)R,&>O)\RVQ)O[7$;HG0)%:,S5-/L)*=ZNW!J$E?1EJ$H2D?6 MZ@#[",O>`@6P_?U]HDGRZA"TG$_&JGP@7EQL:^0&1@U-,T43DI.I03LO'MI5 M4T=OM:F73++T#;,]N!3:MV974SLE;/I^&*']SQY5'HM.1].$&&N*6%TV.<," ML\SH-,JFQ.+6]=3%ND88%JYND*-L[,+P7>"'(9C3X^+L=_3,#*8O`:1VC^]DA%2[D=B>5>UX!TM!R MK8#G27^T)C4V1KUCI([C,O3V8)8W&V"G5)Z`68EBUM2GZ6/)J*J&VNGNRI:X M+@SQ.[!E`\MEXSZC'@7+VXKH`ZFK!\#\DU5!$>S&IG%D>5/!5'0QY_^+("LQ MN'05]O0O#K%PCAFZ*;>-O3#>V'8\!WN[K(3#+@F'(JV:3,H3#O=F4BGAL`%N M%1(.MW-;QDR3(:RNZ358<&UAQ6U0W(=?SJBUNZ:1ZEIS_(H'L`O.N!BU:Y1Q ML4%N=MNZ4<99R.'R@V:RPS:2P]*$,P=7&*W$\QS^[O+,K?K:3]=NR:.Y-^.2 MG=VH#"$5K:GN#(>E93'4\1K,\L9P&U3%7K-LZJ--C6;NO-=[`LS*CK[1V9 M@F+D`_S>+UXQ^0.H=[N=3CK]8$VN+J.\P6OC3&DWRJA$B$H;S+V.M@O+Y<7: MY3V=0365#Y)6R:@Z050](^.Z3MJRR+K?T% ML&V;1EELW7K8/A*LWTB<'KBNX.D,XMF(!#=CUDZX]K+'I%O?L^D89DYP]\ZF=?#8'0U13Q4>Z;]*(N(F8;:UL1IOT<_'$+/+GR; M1<[N%W-2)-+O%;GU\W>GV28;='B\_Q(865$Q05X5M-O"1.JM%%;T>_#(P<=7 MKC4II#L&T1).,M5H1>K2BVBTN",3YG1ZT<":%2,=?+B_ZUU]N'P_E*X'?4XZ MCTB&0Q\8@XN+9NZG'\FBD`7>6S7:FM[61/(9"BOZ25F:*QK:EOLKL8)=Y-UJ M*6I+4SC];12R76C\^J/9X;<.=^.1@7-%71+T`>;$#XKE.01@\*YT1^9X30;0 M8D5?RUN(G%/DLCWG`EJUQZO#<5C(\U<2IOJ52R'#YA??C;W("CB68OH#7R2? M:9FA^Y&X[H^>_^@-B17Z'G%8^#*H0'\+A8T%OYY"5_!+<0]PR:<7>Z;U%NI< M)933_UG+HRZT3OO5P<3RDAM4?=\+?95V6RRZ0L\P^ MC.^[?A@'!`N`T(G'+E]Y49*.CVFB0,^F)+P'M. M1\O?7#+F[[C4(ZTIVS'.%-G\*M-HDPR[4`^$Q(:>'\#JXJ"64$?+?XRACY)K M>9.W7_\1^]&;RT'KPY#_$U\9W-Q?2HKTM36;O_FK8LAOI(O+8?_N^O;^^F8@ MW5Q)YQ^&UX/+X?!8.N\-KX?XT^W=Y?!R<-_#5XZEWN!"&G[XZ:?>W:_X<'C] M;G!]==WO#>ZE7K]_\V%P?SUX)]W>O+_N7U\.$=(I8EKB.UTA/9WCOZ27)&B4 MFC<*YR\5/T"E.TZ4"[*Z>B;Y8^D\#BF>$VV.)SV,YU/B1X75LEQ0<&?_B<.( MCA>E0URF`E9UWB4:2M&42'->EC_`@<8J\$G1,2F,YW.7JUMXSXJD&`\_9]0. M?&GFN\2.72N0Q@`!_D$D,!DD2XHCZB9*'>E9\-\`:O0#B2(K=^/!94AC^C$=!,%O-Z]'.FLA`P_(OPH%8UB!A!;4$`+CAD: M/%GS*G?C<'RPF*)DU-#Y6Z2,*^8OSMA7VD9$,(/H&(6!)29CCY7F`'FAYJ28 MZ`X[C25-?.P6_`8>*7B`*R2;H\D7G5@5>+MZSM:@$FMV;-8]@>V!W=,5?EK3 M3`Z6#YH_J_DU4?/C+T/IMO=K[_S]9=$.?]@#ON@(EYT#LI(+TA49@2\$ZQ=5 MWS$J(,JRJ4!QN+Z%QJ9@%E97V89\#'`KZVON28)JC5#U@5&,]C`HQ)]`URJ) MFA84"'<5$]B@YWQFKX(KY53FS`%7;05[)P;8$*+-HFXP35"!P&8*.N0_L6@&.A`>TZ"ZZ+(V7^9K2`[LW8A]:/X=F?V8&$34UB%E`R(NB?D$`8$GPI8CL1[)4."9+W9/X_ MR2:N&\XM+"J0\V2.>WGVR9ILD&*-$LB^X4/5V@GQ![$AET/R1!P. MUO9,,4TFZ)%E_SZ!;=]SSO[:[U]>7EV]2?"=R6M)O:A1+5]2=SD3'I87F^Q% M\_HT;4"W]Q>=YS8=6:VKIRHKU;2 MJI&[S1_TR//0(Z=1<-ALO_QFZ_E@=L^Y+WU8*\]TK1SVW(8$?MA]#[OOGU#8 M^^V^I\R%7O\);O>+D]$+.,Q[FM0.)ZF5A9%:%OZ`_?Q8^AM??L>PJEP7#_$# M8OL3CWT""0_JUU$,NKRFZ3\0'D!QZ9A9!DMJXBE(,E3CYF.(V+C%1`'K4E//+QEIY4X\!AIXFE&6$B/ M\DF`LS!W)J5FF[?,#G(EZ`'QL/C;>C)-\.X(SUJ*A-/AS4E5TI=_A*:GX) MWN!R"^RII+9%);R,X_#H,2R/R@$=M5LOH@,V%R8%XVQ=?IZ>ZPAK$A`6>4[2 M!];XZYA$I#/1DY&L<,Y5&PU0'K4CZ MFP*#C!E7/$2T-6JU"E@])F4164IU#"RP!+8F&0!HSXK-`W*^IAJ^]PTP<&8R([71R(1/)!BL5#48:L% M@DD]H%3H`S^Z$A*/6?ZOPS)M80YSU=,;]J5[?TYMJ:,8+1TLBHM56YX)_`_B M3+"UN+/X>$\4@$![L.KS)4&YB67-65(IZJ1E*M024,JF M8KG*X25QT?@2)S$D^$ M!GD!;5'A?T12N-;I,@8B0%E#G,$LQVZ_X[/".AK^WQF`S MIBW`PV'B,SU,/`C\"PM(=D'/<=&OE$-^H&Z90:@Y*< MH[S*9?#59\H<:&H_?IR"U_+_']I.^_KL8E^\?$$S<7[,6/+COS@X)*]D!WA(/`7N04? M?.#-(.K!!3YLQ*_;!<9*]3;&R%ANW#<8K0Z_/;AF+V)?.(C[!6[#!T]X]X$I MR^8Z^-#/<^4<4O#_!*E+F.#WL';2'ZU0S&D9+;""(>$E"9/L&8M_:T":4DP* MI%BL32"`55>E.2&!A.MGSNIQQB.7VA*OU80E@C#E.@X)9N\DA7Q8C28+L&3>'@9.F"^PI7/^F2W&?R,1O,P&W-K?6[D4-'5M[/8_%QG?(U(](B) M],N[&V(RUZ'&R+-,)CI<>V[FVO,RK_!PO/=,K:.,P#LU!-Y^O;-^?S_NLUUX M?G6N7/6:F&WS6-?-NGZ<6F,DNX>E7*VRB]#4IM?IDP^C8'5W3=O3I-/ M>&4RN<%(QN/D"R_\DGBXO)](DMN6O'#QJA:+-"(>P8]G84'Y=8LQ89?0ZY70 MWZ)72IIEK^)'/A:WWU9>AI<(:*:^C,"XN+Y,0&86]=@]T!D'-5Y]087]3<,: MU0Y4Y5C3VY7%]4*6R.&0/*=NQ@^Q1R2332V-K4MVZ,L^D1/Y>14LDB]F)%^[ M@FF]GH"5EV?-N@T\CL-K8ZP657+S_#/6QV!U+O`;03/QDGHO2CZDM?QTH%B0 MAR]>7_CZL2!'SUGW!HL(\9O\JX@$?GECM%2FT7*$UC4L_#C8J&/Q_^T]:6_; M2):?^U\0V#2<`+(MDKJ<=@=P;+G;F,1VQT[W-A:+@!9+,:R)]J"\]2TOC=I/$EYJ4*)94HT,&NP9[0E:9$+.HEW\SN[;D]511Q_E MDRY>B#FY+@U]K6PA8OO#]3*&AKTV-\\8U&Z&=X7#4\"#5 M)C4.U`:EAEIS7C*EXH6?4`E#SXNMDKFW],9(YBZ9>SN.8OO,7>MH6N.R-Y*Y M2^;^LDY(YDNVY20D6]^Q_99L?8-L/?:B;^XOI7$%^8V+`8NXXDM(-WRU7B26 M,.3S7N=1+`$-Q17R(1J%831T_T9!%7'?]74T>T^")^X,F_E!G;@]Y&HA%#VM M,R@0X&4(Q4M9TO+#S+6$S9NB?`71TC3CFY7L%&*R'\FV@)#^Q+/NT&M[YSZ0 M!4UE,6>*]D>E^$P]_=A3=EDWV0PS#W+YDQ53,>)\CO,VKP^2A>I^QV/=D)*T\ZH MK#BC)7"3])>&NU/WLS@?)TB:U*^20=-?XW;%^\*+`+N`E]B@@.8>[8I,)`E$ M"8%(I.]U$@FUO](UV`:1$/2231.)%7=G741"DT1"$HG%YWWN\C33>VR6/H.7 M[T$KHCEI)6J[AR4CO`9W8B6I`F,#:?`TQDP#<$A`?.(]P.7P.W![_=".]"#V MWATE:UCRGC@^4WC($_[=,'WEJ*.KO749%!)%J+*2DU*-:'D-&E3LGSCFJ4OU M,.),+.)+_:A?/%[>?QY>W-^PQ_A>>7MY>7/XVOCR]&-](+6GG MZ1L7@N)D$DK%'CD)BS)N#<4&.H*D`9C^C"7A.6'@11EC?CB?VS3)Q1>J"]T" M'.&M\M^WBH-YR@$*$8$!RAB-\(71]6SST3))<6Y_-&N<0\,JO'EH&@5: MX+$Z.'/C&2#TW&?#QB:>A$YU">`9ROC!M<.H8)*J'?1_IFY9P@O-95/ZDUR= MN>=B2VY8CB_D[` M05B>D12@0A-\M'J^(_2$L*048"IV-!>/<4IY*?+1M_H[G-LGDY`:RY*GL#/NY%P$B MUS'3;U)#Y!N55N/#UXDQN>=P(K./`C7$K13B1F$J:KO#C9 M?+Z;T+:M!WC^F9B6H?R&+85`AU0NR8-A8CJ@-W?9E:%4`+$+KGU$1$$N`SP" M=(*[Z)'OAF(OY\-WP@+_T$Y85Z5U(3<)?05V#-J98$1<.?1J>'`'13M&G]Q'A]SD"$5"%C5 M6>J\0=4)>WKAU<_.JKAW"&;T"B]&ZWH!\^)&FU$N5=S3;'WD;OB!/N#Z9"F$ M5)>+DF4Q&=BS:(_4!<49L:A*?)C(<"FWRJZDP^L>B5FX\$[ M9U8Q0$<25UT2Q+/"BHZ-E^#9S/4010$0-`(CEP:P)*E7;Z23>1MZ2 M#?UIS[00HO.<8!76.\*5/`'*(5>?`)MP9X!3RW7->EIC2N&,\/*:.2+A?)&>N1<@ MOIK/B@.$<\?OT8H&XSO3&S!(-K>=&_/<*T6%WE!\HF`EK>,%8 M]Q;EAF^.^EE>W5S%#3\I$<`*.J/FF`2HW!';?=R] M3IPRI*F:Y'OI/C"B@B51X+9HZZH+H^K-;DO5PC"+"%RQ=2RJ=UU4`M,*JA>X MCLL*L.+62ZI:WXQ/*Y81K:^5UOWBYTS!T.SA]_*QEF>PCU"O6]S3(L=TM@YX'``'5!#V&^B=Y6-Y6=#73A<,Y6Z;0C=DI[@4256&[HT%Y0K@@C^N+!N:<*_3% ML+W`@Z_IK02!WC9Y!4VAXW0*I>*B:?9S[/NC93>7%(@#Y=J%WP*Q5#SG75'! M5GAD>2G`18_SCG`MR:)^0/W3+-7;X0JHKQT[!J%E_%H:+.E*@9!X"\V#N.]H:0Z1W:*8)\K!0 MY,20`?%S6I*8%^ODI!!`!(P')D==9VDZ/.6.'H&B_@["&1!+:K.,B#V&)7@6 M097!4+ZCG1`HI.WZM`I>.0`%M<:2EWGD.`61^GW00\G_SG^7BC;/:"BKD/S4 MN"G8OCG0^TDMTW?L0&G#E(@1EG!* M24=VE8Z`(G1.[CSJA>9<04]9#6S*@%):O%@"MF':U"JF%#&O2U1;J,ZM-]\QD=!B1+BDMCMN\XZ9+'VZ]JQ',1J31R0AFU'&,&KP+):P M=Q]C[LC"ER9V:(K">]%B9X0$+_S+(Q_86TP'QKO1,#3='U^,Q"1'#AZ#;.>@0H#"^A MI('G"\34I-0IX;Q2NGZ`_%"Q@]H.Y113=FHIE&JWL#7CS?C M/[Z.+V^5\9^852,CF7;^+G-/[=4D<),$XKHT_7]\[7\7>/:61>-0X;XH5KVR M^%7P5%Y(T9)S+4!],/#2P8(-(G8VX%ABWQI@7P5V:V!8@2R<(^ M3WL'Y.#!M$EI,*0F3%7$D"(D+2PC@9KZ+NFKC*P,*R2EETF^*?GX(_KKB>^? MT=C3.>(UMTB\C2) M<4J3&"U?2()FR49E^>34@AUBMM',FGBN,G-M,@EMPZ,Q\_`'L\8;2AB`WOJ? M.+0$S5)(!?RY9SSSI$I,Z5:F!EJHZ$?)&',2$!]2]W MFC:P%T]B\_BU:UN39_:_DAX(6$-W"@]T+FRJI`8[3PUH-TC+,1P:>^!CUB:[ M\#2VE\GT:,^E<0#/2D(\.C1'MT@8`-*W'0Q,X M%5X,M+*!1LMH5O+A.R%9I1/!Y\XMAU.SF>$8WWF.I0.ZL.^CO0^H&@:KP=+X MY>#%#J)=A>.@))7.YLZI*$RM])B0X_-Z#&@V]^<\C)H5<2C-E6P;6LIKE6.R M;I0:57:_&)X]TNAV(383"VF'U#7+*Y28L?F7>HEXYG-483LTZ=TIG"'"*]&1 M-(71$"-YD1"0O^%RNYYP&[FV)WJUQ0'0^T6O$GZ%-H%SV!Q%[>[_JR.0#'=F M!3!FA5!Y@957XL64?4\M^_W-!`A!:).KZ3G(< M?$E'VD%'9".Y5C!;V4AN!^Z*Y+EKVG#)?27W?8&;O1KW+6E8=WQ8P2:1#MN+ MWTW2#H2HOY,@'N(69WSYSH@78MAH`54[\OEO_/_A0K#Z?"VB0Y;"DY ME!N^Y0UOTK&UUZ!Q^ZOKU-L]Z/6;JAEJ@T,9'>BO]AK\_(-L'^OBQX_W5D!> MP;F<61B>XYC*LT5L4M8L-SN'\N`E^WWJV._C5O8KX?WOA;\WS7. M^WIDHC]==#O8F#4Q-2:!ZTF5;$AVWIQ*002K!@7 MX'Y8L.:K$^(:-+0:=GJ]85,)3FMPDD?RZL@LC+:>D,S":,M)2+:^8_LMV7J+ MV+JF=?I]7;+UEEZ=5=([TD:51>:7"UI.E;>TE*87:7K9E5-M+*>QXL!20FLI MV9,2VG8E-+T)AA\U0'$IH2UUF@T[P^&HJ8#6Q`>J-@A%:LUY2 M;UXFF7M+;XQD[I*YM^,HML_7=4+2J]*6DY!L?8;EP,6*=3(G$UI"I.79+@PIFX,_+)];'OSL2"0_)_W;NX M/-];Y)-00L=B/WR].=O[L*_JZE#7U21:-35P:DJL>A4UMUPTXP5,I6FC[%1] M0+9N,H\X6KJ6%K4T7[#^5+6F85_F9A('C)TZ$>-,U_:JOI'?SA_VQ7)@V=5J M?0I#^53ED*`;JL(VKP\>8<+T20@]RL>T_Q>^B8V:HO8L_A?:0[`*1NC:(`?3 M4>:@ZLR7P1G7"VZ)-SLC=\$U\=`I97PG'XF!'2+.K2=B7O!R5%^P%G\M6*]# MC^Q]Z!ZH&:RJ-65\W/CZ:6Q[.8TZ(E\X?N"%>,VY^]&_\J[8FJM=A33,J:O` MS[WIS*F=/J6M(>E)71O>E4<;?9@4C6`3Z+0U,<$WHP]QD_O"%E>8*P5;$E[_ M)QP"(DG50Q^KO3_T@B/O=GO]!)[%XZ=`B>_6"6SAC.UFE(F6)(8O`^OO0K#4 M@UY?Q,3J-R,M.)\7Q='R()4S!'JS;A>JIJ%,$55U8/N"E1U#;`=;0HVVIF'2SS51%.] M.RH01+II0:1HV`TBUZA8W.BOB%QX43B-&C_!)Y9/KCUK4G>#TOQYV&4@PHEUAJS]'3 M!II63)0$:2P^=[;=0-`F]X:_6+E$.T./V1EZ*0-2D8Y9/L6ZL3T-RYJP?5/* M^?*-6X]R;AN^?S7EKUYY7]"`FV+1\8\^_]5?(HTOW.B,NMYD]C4@YU&1=3/6 M&OJ5D3/S"H6X"C:6PE"`E(OFV"@69HE&T?ZT$P=SY"Z-@=I:,#!E@F2K.@M1 M@+NFS35%$_*YZ]T0[P$&6VZ[*%-C,S;/RA/F#>4?$7VQS2=Q?-98MP9,W`JK MJ[V,M3PW:FKB:\^=$&+ZYYX[^P1@.3XY)X3;9I??5VZT5G7U&UX%BW7K1<,1 M+)\X$XOX^S>A;5L/AO.9F);QF^>&\RS8HWYJ'Y?`E(+_L^']0W`RM)+!B]6Y MWRH`J]VTV2X+15H`#LFM2X448@+7PCHAIZ'GD0J2[S>J(X%N!)]?!\_[E\2R M3XW`<"PCKURE-[%\UK4`5P>TWH\$[4+55%7MUP!/U1N!MT[MM`;(:U-<(RZ1 ML(1KUA3HRMT,19H=;9YD.9.B^S)89/X`NK(80"V?>'#%#H#=I:KLQ,*JBGF!?;R_+ MD;=L;@H@GU"Q3$IS]O#A3\>P,BMXIG__=(PM'`)K:A%/\2?W9$9^W;L/@OG[ MP\/'Q\<#GTP.OKL/AZ<7_X(=ZW;5_D#O#?3CP^0S-N:A,.@Q:QH?3>#0CO4? M-!#*]E5M'^-!HF?LT^3UXT,.<0'TVK:AUYI#G\W=W<)"`&0O.$/,A:7T]KLJ M_-_Q8?*4O44<4WCG:%_OXI!F_$;5PT)58,O'%<-?_[C^WAK\V5,:;O"4_D8A M9/NKU"NL4F^^RC-@L_3JZ>VX>GJ%J[?"BMPO&VM,WU@O8;R7L:_V88#.]H@IUG! MX],:$:`,:$&.S$&_(:%@DW=KJ;^K-0<2P8@V8,%-]"R(:`G8:SJ)]1A:EKCM MY`ZO;#>MX,J3NQS;=]5]M=_0.BUW>*,6]*4>4[G':["]+?5(REV.=UEK2"LB M?^2697:M^0I6B+-J#?ZT2(BM8A)5*=ELHB`N]3*WYDBVSIQJ70CTS=,MIG$. M]-T9,7P,[;=\MZ>IP_?PR_%A])`.@!^EOXXB-U,#L'JX2[]-1070`4SK`0Z! MKPW?NPQGQ#,"EY_(?]U'4#+$OT"?ZA/-%'P?,M\/M6Y7/\2?#_%%#@#]QG8GJ3'AW[B8:$C;N"/VKWL\'N/;M><"R@3/US;@ MT(EC8JV!.:+B)0F^,9T2OH@^OO<1DSKBJ)NE`LJ4?;,)6.I#LOJ9Q,%YU3:DY(.U0U$3 MACP$$=$Z\=*0&-YD3V'5[??4@VXTQ=1S9TW)3.`"B^73?>OW!B?=C^I)/#), MN(0N\C<.I\8DV(\&^G&KV:FU+"5DA0O0VKR`G0*_$A$M7$2O[8O8J24L)]R% M*QBT>@7;@C\%/$C:;NA-2(97E1/%*E)O,O_3S'Y/R^_M$6?_Z\W>!X<$6/?3 MF$S"64CU,L4DI!:UKC=IZUVA&)0!P3=I(Z^C]+EO4:-A1A\,-K:*WIE6\Z=*JB\K];#Z@*)V._#K+XK%$CIQ6:Z06*/BK_0I>_&'G-_@AZR\WZ4K6KA\ M3>T<'8TZO>Z(_@3_U'3VSV7[D'F$2B@\9K8)^./_`5!+`P04````"`!8@G-% M-?=60<$"``!&"P``%0`<`&YT9FPM,C`Q-#`Y,S!?8V%L+GAM;%54"0`#.`EM M5#@);51U>`L``00E#@``!#D!``#55FU/VS`0_@P2_\$K'[))N.X;$JWH4%=@ M@I6J*MJ&-$W(C2^MA6-GMD/;?S\[;5@Z6NBD2<"7)#X_=_?D!7Q4EJ0:,+*=4]M2Z#.7"#L'S@YI*YYN.)1>^[ M'U"M4CG"M4JU@7X,!C?]\T;W2^?R^VFCW[B\ZE_W?I;1=#HM`QM3G64KARI& M&'M*@LN[EG^,J`'DBI&F79I8F[0(\4ZSD19EI$K M#M-Z#J^2FZO>=3B!F&(NC?55+1P-;YG,WE-A5M<6*=%&A!_A'(:]"5=KN%XM MSPPK$(VX6$EC)BJ1J=4T2D$8WQ+B6UAIUBL%+Q_W'QORR&79DFJSV239;!'M MPC'[`"]&/R2+R;_0_`DZ#VUVTNXLM-5*P!`BY-]?AQ?;MH!X/.%,W_8]X-P# MW-+[1(6/?ST!L*:$LFI:=IY`NV1XG`C(;1,-4;LD;21P'M+KL?],1/*'>$A% MF(IL>?3<>"47S"Q(!BS/YLG^U\H\C24/H<)B[D#X-:MT4"PT*,H743/*)$D- M'E.:9)D)"&MR2]827*DN%^G^TGQ[;55X-U&"N?WD[)?[4^=Y%D%'(-K!$T#R M,I0[C'$O$14#RMF%[-*$6RHV\-Z$+I(OZ-[1JW50'>:!W6K#Q7U@BB$GC M.(N&W1A,P>_2B\$+2>3.D5C) MK,1O5*2P09M'L+R5J#%PLT!K8LX*L0[X-3=;6N%Z6^BN190B6 M<@GLC&KI[FZF$X9I[+L+[!0B'G*[0:4M'-^&:-MT8+V&C;4:'I-UQ[B_S_`902P,$%`````@`6()S17?70D,["```'VL``!4`'`!N=&9L+3(P,30P M.3,P7V1E9BYX;6Q55`D``S@);50X"6U4=7@+``$$)0X```0Y`0``[5U=<]HX M%'UN9_H?O.D#NS-U"/EHDTRSG30DG73SP83NMC,[.QUA7X.FLD4EF9!_OY+! MQ`3+=H+`IN$E!7-U=>ZY0KK'DNG[#T.?6`-@'-/@J-;8W*I9$#C4Q4'WJ(8Y MM??W]P[L1NW#GZ]>OO_-MJT6HV[H@&MU[JS3YJ?C&QYB`1:GGKA%#-Y8Q^X` M!_+7\>>OS=VKW<^75^V+_S:MV]O;37"[B$6];3K4MVQ;02(X^'&H M_G00!TL&$_"CC9X0_<-Z734:=AC9I*Q;EWWLU&/#C57;^@3A17@2XMK85Z9\=FMKID-[;MG<;F MD+L)H!XF4]WP'NT'H6#("X%P14E=4;AUL+.5:*7\/I*0F29C2AH'!P?UZ-.D MM73GBHEYTOM>??3A`VN<`6="LTSMBU%N$7,8)7`#GC5^^??-^6Q_.!!U%_OU ML4T=$;)A16`/Q5T?CC8X]OL$XFL]!IX61PQ&U\E:?&U-/`F%.V`%; M7H5`?>4,8DSS/C_FB2_;!0^%1!A$/.O;*%[J(VR2X!G7!M!&CFP?_`XPDU"G M_"9PQB`?(LR94.H16NRR[TWJA)(&$?]['+BG@<#B[CSP*/.CV3`_D$!XQ(Z= M1X@+^TX$(T<-#K"Z>B'?3G4*0P&!"V[V(]\X(O37/[+WG M2A";"F?^U0MSAU`>,KBB`AI-X`[#?17?M?5Z$'1;E&`'PY.SLG!<2UTUEQB,X1&Q_8G* MCDZH7)W8T\N8#)?EY4&+PS"%.^H/;Z$[U+FG:SX*IUV61Z$6AV$*=V66!L`$ MEMTTH5-`41F03',Y5Z[)PN@'B4N,'[Z,Y3%NQDZTQR7QV@.&L.D MOCVAOH]%M%3+5*K)&0)SZY_>?7D$%\)DF.9WR?GF!HBLCEQ9SIL:P7KWY=%< M")-AFO?;88?#SU"F]G2@\FN&WEFWY=&:B:7R576JPZJ7W-F@?Z5ZO'"DE1]H M*6VK/LRR(/]*@ZQ@G(L4,VHKT`T)7'MG"+-_$`FA+:CS0\9P05'P1=D8&B=/ MZ+LG>[Q-(%AM0L]@`N,.IA(@H`?BPE,D_F;&T5UM-D\T)>6VPD& M92:'VE?$F)Q&EI/2[,ZKF,G"B)>?P'-IP".9M>3DS71J[('=(4.(NL+8SRFNJY(O7!DGG-*4<61WO!CBN2E8)H%=@Q6D*=),0: M42?A**LE6:LEC[]XB'>B`RLAM[L(]2.`=2""QUQH?`YHF MJN#)L=B'QZBOI2'NF*;!M4(NNZ:12$.D9E'F`AN?`1T=*#IT:"#DX#LED<^C M&H>N>F&2WH'"TXS.*VD(3EHLCN*'I[NF^=4.AB2U4Z'HR2V+O.^-Y=`W.LLW M'W\2:_G#,SD%7D9'Z5)(3C%:(,O)%[T6IB2>XUA*?G/YR\>!KKP%CYCS72L2I!Q!5*$W:3YJG$\ M%6HZT]L/F#8;%B+D*<'H"HLQYJW-O?O96!:7X![5!`LA=XI^P,&H#JZG%,)+ MNQEA5`OHG%?GIL+BA=C3[R0N-!6/AU&=I,V%O>R[L4O*:D[O54QF#N2U[%[+ M[K7L7LON9R*[IR=!KE7>Z795%=^:J-;ZNX!.C$DK(A(GMJNF$.^#7`OQM1!_ MQD(\<[M[V2)BMN=*"XA,N(M_M,)H=C+\5^I!B\4SK7WXP"C?N;U4\.F+9RN1 M=81H%'.F>>4%=':PI0L6[>#4*<2@3HV%?OXFN,RU-S1<;6I.==6VHSUO?FX'<8M0!(_0#U;3D=]A5<36YFS%8@&;.AK>\> M5.#N@?:)8:/:*+>7"CXR_6RUD8X0C3;*-*^\-LH.MO0B4#LX=25Z3H,RM5&1 M<967EJ5I(\/$EZV-S'%?"6UT!9B<(($"C/3[FS,VI:FA8H-IPO]L<)4K5%=0 M!C5#^$(3[$LU>A(R%I5AJ=`S&JQ`O9T5;N6&TP4-NE^`^6I;IB67=?4;!5WX M"(A)P7"&A^">R_F$`19=!>0\X%+;*.PM"%S]ZGW*1%R@485S433L=.YW%L5]8B]S]%*M_Q*9DW8"H7#3EJ^-`VB)W;DHGC-HMC<:.]? M3K#1YK0F+45:KD":"A&0GK:WY:5M_(-&\?B*5[WQ2EB@-GB$@Q5(XF/H2,_E MN_)R.7IZ)M*IJKX1X_KFV%`L``00E#@``!#D!``#=7>ESY+:Q_YQ4Y7_`1611YIF81)_\^KH]9M7A,9^$H3Q_3>OPBR9??'%YV]G1Z_^]M<_ M_?'K_YK-R%6:!(5/`W+W0DY/OIU?9T684Y(ER_S)2^D!F0>/7@P#CI/5NLAI M2L[C.'GT>3SRX_^_L/ES<7__N:/#T]O:;!O9=R;J_]9$5F,Q`I"N-?OX3_ MW'D9)6PR>KY+H]=)>G_(>'QZ6`_\X$]__,,?^.`OG[-P MZX&G3^OA1X?_^.'BQG^@*V\6QED.LRH?S,(O,_[[B\3G\S)@2:0CX%^S>M@, M?C4[^F3VZ='KYRQH";H,HRTVV4.RCHL\]98%C3)0R2&H\,W;3]^TG@*Z`Q72 M>Z12R=';MV\/^5_;HQFY(&^&MZE_?EC^L3,Z5(C3J)DM[1^^3I.(7M,EX3R_ MS%_6])L/LG"UCN@'U>\>4KH4DXO2]!">/XSIO9?3`/3Z%O1Z]!?0ZY^K7U]X M=S3Z@,#('Z_/I9*]W:)5/G0XE8Q7-`V3X#0>)VSGZ8FEOLF]-$?(W7I^,LEO MV6Y(1\G<>G(Z:9/:9I*_:FGC5WD>67G;':1;9[-[SUGQ_.Z11GM6_X1^-V9NC M:K?\<_7K7RX2+\ZNO!?O+J+'19K2.*_9\/E]\THU\K`M-`S?$CNE65*D/NT0 M9/_[Q8`]5]PKC>*`XBOXF#'B\!VF\>S'FU=_Y61)19=]0TO*7Q]NQ.@*/D]] MDJ0!3:M/>WL>7NK7OV`_:N2J1ASZ"=N=U_FL%I$_ODR3E5JC->-$KZ?#H8B) M\V4TJ[]\'`7L2_G+";W+S]G7)"U6C.I5&L9^N/:B19'#%P:.-YWU,WQH-#:& M"86!"7`A&S:DX4-:C%2HV=^4@L3G=/BA:NS47KOR1@S33_URC`'B^/>$'=)7 M80Y9,)AWH\6!?.BMUE^1+4;D7T?_ MMO5FV)M,WAPKAL_(I7?!3"/M]V`(V!#?BC#SDR)F1Z++).\NIV``[AL@9(;: M[QN*!$A:V]E'"ZK=Q3<"QXRT6_NU<-9;>[,"#-.=<&_AS'3+CN7O&)-?;XHU MNU.`SN=W[*OA^;+CKO8Q]-G75#`,XCF/[!!L,T$1N;/)#=5!]SP\;'7&;W@W M#QY;R?,L*VAPEJ2W#Q1^!L/+8@E'CY^\J!#M@V;/H;;'0:)A,%0R(B'G1)[" M_('D#Y3_&[B19$D"QL_6;FI]7KI-=GM^RR3ETV/@K8R]]02=VGT'::F]*8]` MYG1[];&7/.T@Y^'OLI]3)Z0LO_*W8+R0-6M@BU,)A]X9+F['-4TFN^5N[B3:T($EAQ;9!H6NP,]9+%WT# MUPQQK#%",B2O8,57&UE':>%DF_!`FJU42<\F8'(N4G<282/S;S/95?OB7?1$- MGL1_&LW%PQJOV<6-\SD@C!/A+%P!VPAM]#Z40U=K0I=RZ-V%49B'---XE/L# M\0YE*7.4&0T"`&HW,FGQ<`U1\NGW/,H:Y4^'%P[BAR1BFLK@9I&_@+GXIKC+ M_#1<\V"X:^I3=N.0G[:&T4"C;)3(J.]HBS3[@-:D78/?*+UTD8E8RZ&@S:C_ M^CYY/`QH6.*5_="%*?O5+Z=QSL3X*8G86=!+7\["B,G6P8=\W&BX:5EC(%42 M)@UE4I)V!5+:N=>P,=3[^,,ZH*^^`+2/>//GL(L![7#48=U$$)1E`>C745,S M4K$@5ZZ=TTWTT#ZGFZ_(>)!PNN$C/?/"E)_"?O;2U&,W1P%"Y&-1\-"*@,%& M39P`]?(T36KZMCP_5B:@\_8T$UG"1![Y1)(E>:I8.>7DT2JDC7)#5$UWKN.O MW3P.VK&+DN.;<"CZE*82`+]/>G%`MN),74&.R?2[9R[]`DR'&_!"'C?>U_(G MMF5OHOS:+LPC":(&$D%C;9S0]MSR8&+KNZQ=@^0X+77!BEG;:5U29U'R=,G4 MPGX\9U)F$)?'WK*S,/9B'W[VV8[-[^`0*Q4E69%235P2FJP5]Y:-B>&VX'@& MS,FRYLCWX["6A7B-`%^Z]A+8TI_(=V8/&5-ZV'+*8)>?/J]IG-%%_@`&S"3- M;VFZ>I>D:?+$).\>I(<^;<';-DA,#+HWU`C;RV$C/W#3:S)2-WV_VX@UW*<+ MF$NX6-/4XR]8EM&)PO MW\^C#6?GMG%+ZM/[H!&PF-"(3R-&\_Y;&C,Y(R;>/%B%<0A"P:6T>K-EUGNS MA_%F^T%"H@[G):<#U'K.%>W.+MRX'>%;XUVJ;[ M6R2&/9=W=3DLR;L&-(T6%*YN^6I,;-8R,&?9-6-9-U^M'39:F1BK]FRDZKO/ M-<<]Q0,["'JP>DCKASTX=QC3:T`?_V`[=TB6DBGQ&RJ'[R19V);?\#\@L5;F M.C1?%%P!ACI54H"+K3^CBRIT&:'+)]0$;99)&".D44&$FK!37C[1C+LE#L0` MF-`GTU@+FZ1+S?=.]03>VZ(7!WU"<@4B`^;<:\QR/-'D,`QJ\ M>_DQ`\_-QKS1&*AE9VMS`OB3]V!AL8D]P(X`%W(>DX8/V3"RF2.WF^GE3;&L M72P7KJW5A&@G:Z][(1I3+4R%Z__CCT6R9EC8K87MS.+\CBZO1Z?GM^ M^2TY_7-Z8W-]P5,E[-`O+J]X9/6+?0&RYXIW02FQ8 M[,X)4[&B'-SP%=J+N7`>!_T,![W14/R83=.A4C#\M_CB?/[N_.+\]OSTALPO M3\C-=_/KT^\6%R>GUSNLD^XJ$^+O"Q; M+*N,ID5Z#0U13I]IZH<9O4I#*%Y7ISM5?\UDF2'C:.%O=I@IH*Y\P!C,!15U M!D#"R1^0FCWA_%MCLF:0>\8%C!Y[5T4\%J9LU1#?0T`T^`.OF(C@[+RGU3?@ M+'P&B[+VF#"0B(4&#V.$1IUQ&<<9([DB)SQP?L.55&P)Y]N<&;:&N'A^&*?# M?@N)\2N/"VY0YFIM7J]%6=M!&)F)(H4.FL!,`!U@L6%.&N[MS@[M+;N2P"#N MTS45&(5OC%>%%S69`3066W5+SAQK#AW@X0)EY.W(.J+=WUQX>(:L,QTTH79D)7:9SE1C:MWE\[=W;ISV]1K]RU= MAG[HG!-BN,/6>1=MG346!U!P1>GK,GG2ME-6)9X5;ZRC":0#U*#QLNJ7:;?E M9J_I/3^2Q/FEM^JNO'28A6*S8L88T%2U9C>$"5!V!3JZF?V=42\O>L7[C1^S6UE4(1@&)J(BH\FR;?:MF.VLXBAR8L;%1W43=,I>/41+ MRHJD6F!.]S%O9)IG6;$J+>.0F^!#%X4$Y([@/9<[4@<00'_:APMKR2#>X@?1 M`B5'LF'II+MTN+:Z!X&Q:SOE)8;G3`M)F MPY@T?-Z_M%F%B@S39K4+.OX(7MK6S]@\SF.HNTF#F&:B:BV2@:ACMIHYSA<" ME`FL#VG3MG6.QDNN.SDW9^6,=Y2KJEZS-R$*:0&_+ZL!MQK-03GL/`WO"CBR MY`EODTGY[>WUYN0-O^Q0]*,B@'!>]B#[)8F3G/%8A265`S'YNQ?R2.,@2_3JD?UL`0;?Q;0RR4BY`@C5 M7/OEUF7:G0X$IUX*O:*SNK?=.R\+_7D0D/%4"SLIS]*L@Q: M_+(]AZ?O9L!K1NZ`&]]P@I*?:^@R5$\7<(.6;6]URJ7!$MNC;-<=MQH:4=%T M#3>2*6O*AN^M=`K49RZ_F0RD=8$+C=-1\Q"^J(J14!@0<0Y5<`WYJ.+PL7.5 M(H(D3?"`1JV63S85&'=7:A94=[]@Q3CNJ2LQ# MUW3*,#1H+I&_7+'5`HD@G&0-Q@9VMI:`5?F(A1`TO4"X`+22_@'A'/@5H>%Q M0&+JG+W:1"/]\#/3-=I5G$8%\K,P\[WHG^R+=,HN*7V7H7(H*EY#)P`J;[@J M^UT2)T"=,/+DQ"&7GXD.VM$;9JN`R':LRO32`';&;@:Z:`0N-U',#F6L:D@2 MH&DS)0HAK=()UQ'9`7&UR8P;B6-&VRDSL63:6SF'*@R/?WDV632-_YT'@59M M204OD^X)U,ME*(ZM/*I6U`5GT_27M85GB_/1X;L]+_"P;+=:SIKI1=!MUBGT M&RJI_38,`N'XMZ/.XRW3=\^2]/:!PL]>[/.\LSM1[P"#AU#OB+E0F->D2>NN M?'1/8?[`<156K$S:W>YO6MJWI=?(5S0WIUX3,]QF M0YD[J3O*1@=&$5L+GO[<>R9K1A(\Y.`9=P4\FID+FB'*-;[/!J!UJL`U]6GX MJ&@%9O3H#EIYR@6TDOR1-F0/(&2",V7;5/F#@V`SUHZ^':=N_?80!+I8UKV? M=6XGY2/V`D,5`MD)$86@>0CXX2QD29NV#18E)6][_+25MG)]0K1L]GYU.=,6AR,?"%0O:D M.+1!Z8C,V/$T\]-P79]6WQ59"*7*#@B4#.)-;]M3..!)1S?%:N6E+]PCOI&8 M;$0FM<92]@GS"KM/LSBIYS_F?\#VA6PQ01R8'K5?MN?7:+O>T MAVLPN^EVV3JM;!R;HC:/HJVG/*MPN&+:44"C3K8A'T.E4W:V*[P(&D@+ MWB3I4&3;";4`N#2!BC9I$2=`W5YO";ST^GX2]2S\UBR@^;E3J->I8KMIA`F4 MIBP_6W?T_,E+0W#:B9JM=XX'FHM MO1=^)Q+6;Y`.LY!N)V:,^Y[6-`D[>.F*,>PG`T\\ZWXFGDK?T\'C9QK>/^0T MF+.SG7=/+PO`ZF+)/0FMK"VS2M@CB:&AAIL$JFA(Q9EX)>NMVMD,I!OF[T$A M;9P:NPBW`8:I:W,T!B2-X5\VVE*M#JD8%FIV.-M,2#-U<=$.S1),:,7C[SW_ M[//B3#*+7G<8WKHG88QSCI:;&!!U#2:R^?:L?TI-[SB%E,*E,H*^)L_?TY?. MZLG'V4@:%;.VD2U:4N:=?9X)H^T*,K23%^2'JA2_*VR<5&:6*W893`)Y$5?Q M.!0VE*Q1%_B*,"DI.UFZ53GY-C8,%+]K;-PRL@I(\#];04*;D14``$$75[T] M4=%B]U5JM;4R.)&K,'RA15OY@.UVR@)A<+=Q89]A[C)9C0-DZ6@F]("WO8[_1A[9?0L#>J@6:D17/>*#5FW"V&@("WDQ#0"4C<9'1:O%0(5$.QIWI)ER+_+91/5[3T^J0I/& MMQ46$=A5.I)"6%0<'BBUW.TZ$4+(6N#%.O MM.!%^#J+NR8H3_-'L0YQ,=)!S*3]KB-+Y<[G[GICN1M]M*AZU6 MP4X=PX>I9_^N+=8T]6RDW:H([>H[9R`\YIULR+^':;<&JC'<^XT7 M=L+LC5HDT^ZITO'X?`B=*'8`6%-W#G[:^?>R`^N0'0XE4)*-QN=KJ\5`96DWI'D!BQDO8,&INX8FC1)ZB=DFBS%EZ`'4,4K2 M%WFCR*TA%H(,^@RQ=28X/==P(9IH/XY`IMI=^7KF[+`;P('W+/*Z)<_[?T=Y M>X2L<)4;*H($*+JRWM*IMAT^"K5BLN.;*`-5:5_E4&2&O%H`"V$@92SN@(*^ M4\NO3Y5OS8-GZQ!VFBAC])RZ1.J4L9TQ;P(GB[Y,SLK$AUD.M.N[W&)NVV=Y MHXMSFE9T8P^EH.&A4W!6JT+IDA1@:,I&]#%4:ENDT&6\^L?<_ZT(,WYL/`N? M:5"V*>"_3?OU4#"4++2D'RT^RJ_$Q'H`BR/#XA)X$(\S<061%M33;TR/7-Y] M-I>K#[YREY3ZF1VTDQ.(9.5>\EYVCQ,H0]\V3KI`DY;#+58%V\]I<$+7*?5# M_B%C/T>T*M_0KHQV3?V(;12\/@/\.ULLK]*$G<_REZL(*C;$P2E[=];P1909 M5W;(T4:AW%VK`W<>VN;'R_$E3S'$.O%['G2*;3BZ]M9,H%Q!;=UIP+:7W(6R M@MR\R!_8'O*[--%+]83-C`:9.+9NM4T]P`T+UR!NH`U%ZH-Z=2;]*'1*4-<= MON(`#D[E/^3[N\G#-K;J`4*BS&@E)Q)M6+F&NV'*$.R2@Y=L^HK]&W>[W/0N M'FNM?KY0!"2TNLV3'826?.ZR6O8*_>\VF>LLC&AZS+[W]^PF(3#7BT992.02 MLK60QL7IDIJP*]#0S+N?P:70-Z+*5V5Y@T,9YW(>L^/OJJPZ)XX5,'X,5]UK M@&!6LGD@2[T"3(N5,V$$0W6R5>!J\&J-!]0E#2,&4B\./6E!EOX8%%2D+'$A MO&%$*JHN84`ZV?:":Q0\90\R=B^$*E.0_7!%V1K&N7=/WU$O#>-[;BTTJ/HT ME(J%3F:CQ$:%M0++&508X[T!#LB&+:GX$L[8[6)1(S77;YR&6'%$B+7_0(," M^IXV;IFREX;`%* M3,*&K5-.0R,%;<5/F\-NVFS&30UB73UOV6@KF8L*,5!'`DB(_8S,MJJ_GCA8 MD4NC`U%FHG8M)HV_+_,?+I),D3K6&F,C:K[/$IL`!K0LYW<-%/)M*61,[\%V M?X&0=4_Q^OWY"D+Q94"8#K$_>.FOE`?^Q\$\X%M#MHG;ED!8\Q`:TV9"X:*E M&ZK\]KQFRY>XV+/<3!5=:`U9H'UULE(5WA*-M-R[REKYK4W3*B6]=AVJI/*;7X*Q^R4+DFOB72 MI5=$^442W^>5B6>^TM2[D3]CY\:H$\EJG9NR^6?)\H"4C%P!W2"M"&^29BLU MY8DI\2D-LC,VOXO0A\/;&:65=U71`%3]E(63E)%8N%-5R:(L)%`Q(<"%U&Q< M@YVA5OJGK@&KA2G!$47A(]2W#T+OVS0IUO*F`[*AR#(;:@%PA35*VH03)YRZ M*_`PF?MVA0D3[8\'PL]>FGIQ?OI,4S_,J*P1EG`8"@`JQIC%K^B2FK#=5E98 MJ766_UIZ6DOO7H,JE0K:R-5#9OJ@L:I.(MA!>D%NYB;_L=2L!9Z-G`;:9?#? M9,:+:69U-4WV;Y[^10,":33.A"194I@LG@VU\!/&+,"%Z2&)F,XS"%3/7V#Q MS'%N_CP^3F&HJ&@L?\ZPRR^3%=+!Z>F$(XY9R0JP6ZW7$ MNT%X$90D.HN2)WT$W]"G\3@=)B;N%-NP2E_*XH3`SU/"@C?*8O-EV$+_-=G2:IH"6S^O)W]=(BH%K)RN,.#A)PZ3SWS'6PZ/%@Q MPIUT^"+NO>J?H)[GN*I_*D(35K>UN=6*"KTZM[>.5\WXBJ_[WG%;\4E@?CU6 MIII)!EO(:50)@=LX-^%7`8^53:O;U-K%VY1:$?U,1OUR[-8U^#.-HN_CY"F^ MH5Z6Q`SCL#]W;9SZ\18<@AI1+/@"@F9-'_:QR8@ MFFQW`Y"KUVHBS3;J1!Y3[3.V$VK$(NT@J::[;^PPM6;\G'#I-7$]Q:=J6W'* M^V:L*$V:C0J0TU:O"7FR3\:$83<&^'S3V!_DCAM(Q$J-F^%"H[_6?^'Y.@UK M\J&W6G]%MMB[`E2U"\0#ZFJ$7!@N6 MYFS9"1H@_SKZMZUSA+V9Y#3-Z,6(Z;CR!IBKHWNE,H69E=+K94!W78"V&\2J M&6RK_+I$"`M.L;)P>16:WS#8005VQ!0,:["7_KVLG,JZ9N34Z5BO#TD9=B6P MIK0AQ/=UL0BI#:$UQ((-H<\09T.([S>U/UR!AFJV?2."3+_3P>"=EX798EF% MFX&/F3=,[;1-E0#$\&$T=(8)B0$5YP17\RLF5KU/N8:M8>KHHF[,HB%JI55U M$H`7)!J\HS%=AG[H1:73+H,"Z-3+"V$SE"%/XRJG#1<3G=T45/S*3).[AB/Q M&Y9D6?)T!8$C5;555VWLDDZW)U[3=5G5FKTF6P=3^:=2^0AZ_S,1"`/'#7W" M,/<>A`>8**2[[YDOT93M%LIZ7)4;\5V2ILD3VY+EK19DXRVT6="(@OJL-M1J M@+F&*.WT^TT5C)9BGZT[^AD#4E@9/+J#1AYR`5$E5JJJV;1J`?I>MO60JT;? MW4.W>!,F0_&N-A+457_$IRIM,<$@YS;)V?%KKNU'M'L)9*2:5WX MXZ#^*X3>UZQ=0^(XQ1G&X!LMM\6NBF`K%P?\:(?;[;`H$`1W\^CW6>3>/H/8 MH'W,8V3311[HL2[9.67%-M&+L@.C%&GCP=_0GC^'W5VX_W<4O(6L4.D=#8Q= M6F7A--O+JE#IA*;H(@MCFF4G-//3<%UUR:K,E6U[K-8L/9P0WD0]6GB<';'A M!MM,+80KV,,KIV>\1B[MA%>?X/^*LKAT=IM<4]!2R)O2;$JOWB:BW*C%FJ9> M/B1[;B>L\->R'2H`91[8R$7R!/H?E9*1F.8D8E+!;^%GR"DE!1.)A.SM*H5* M8O>R]7:IZ-X%;N=0F^X-_39ETC(YEZ'LQ6J/0+\/`G88&'-R4#Z8T2,?`6X_ M=@V8@AEW\235\+Z*`U]YZ2*]R<$[P`]$[+K'[WH2A!@^;+F$L$Y(#*XV586K M6I^,F5LGVG$Z4=<<-ENY?=;349FCM@?NH$*.%;/2=_/KT^\6%R>GUS=5!9R3 MT[/SX_-;FZ96G.Q*L^NX";A1PT=IWE+`9VI7@3KM?GN,)<>!Q23[V\7M_((< M_WA]?7IY2^8W-Z>W-_;]"",$5KL3!DJ]/[>"I@R``AY3XUAW8]L>9`G)5F]) M#L-`>TE1:'?*3S@[3M?"9-Q<0YT^J^/`$SYH3 MJ5FYAK$A:NE_3H(R%\B,"EA9*CI14"2?K"F"4 M<^X7%I'JV:*;<+$L'9,F/L)FK%T'85<$V]Y!MH>4#';F&APS`V._X-"9[-TA MV-6&TALHQM0>OKFWBM(8G4'VOJ.WMKSB#457D*&>JO0K*%#PWJ-]MJLGC@OV MD="8II2F_5`?B.+)WJ\H'K5*1A72M!W#4WI$&.'S&`*>:0!^2\&'63P.]5%6 MLL;@I23,`=,F[0IHM'-O?[P,]#[=9K7P_6+-[@LOEU1V*=P:@MYJ1`QQD0CK ME++K#@]%L)1ECY55F5??%M@5_*HFW-W3Y'#86\U4"7"[HVQ72;4!WVYY5-<0 M(9FRIA#J/IIHEI]6LS::[;$6&VD*1$!M;9U6FB5YUYMI"I0@;Z?96XCVO"[8 M3^QW]:_8?^Z\C++?_#]02P,$%`````@`6()S17'O"WUR%0``FW,!`!4`'`!N M=&9L+3(P,30P.3,P7W!R92YX;6Q55`D``S@);50X"6U4=7@+``$$)0X```0Y M`0``[5U;<]LXEG[NJ9K_H,T\>+>J'=M)>CI)=79*OBCE:<=26>[.;&UMI6`2 MDC"A"#5`*E;_^@5(4>(%-TJ4""AZZ8M\`)[S?<`!#G``_/*/YVG0F4-"$0X_ MG%R\/#_IP-##/@K''TX0Q:=OW_[T[O3BY!___=>__/(?IZ>=`<%^[$&_\[3H MW%Q_[#[0&$6P0_$H^@8(_+'3]><@Y`)7>#J+(T@ZMV&(YR!B7Z`_LO_Q7O[( M_C9;$#2>1)W_O/JOSJOS\[>GK\XOWG3^=S#XUWWOS=6OW7]^OGYS_^:?G^Z' M=__WLO/MV[>7T!\#DGSMI8>GG=-3KE*`PJ_O^3^>`(4=9DQ(/[R81-'L_=D9 M+_3\1(*7F(S/V#=>GV6"+_[ZEQ]^2(3?/U-4*/#M=29^D^3W^^PE]AE\,F.5(+_WVDF=LI_.KUX=?KZXN4S]7.*CE!0^`R= MX%D81P2,8AA0#LD9A_#\W>OS7"E>;TU`*D66D%R\>_?N+/EK7II5YT`K#*/MW M-_1OP@A%B]MPA,DTX>]%)['K?;28P0\O*)K.`IC]-B%P].%%&(V"TZQRSLS? MC.L^6QLS(Y`RL>3W._9#X;/P.8*A#_WLP]R"'9G+-5JJ%&`OK\5)P)LT)B=Y MZT^JUK/6^$7UB>X398IZ459/`)Y@\.'$N-A9717S#9!"[^48S\]\B!*$^'\D MZI^>7RP[UM_83U_2SS_`,>)?#:-[,(4EA:5B>07SM'9)45E`O*Q*]I\)IR?2 M]K^4.)LQ3QI&I]X$!7Y6>D3PM`:`F1)884,GIDP;/.,%07#2P<2')!T%]H)_ M9L@CJU:`>^'/CN%=-$V,\ZM]XSR`!&%F@W\-(A7@13E'D2\9*Z;@];XHZ#*5 M?*Y6+P!C`?3%OSL&>`X):-J,^_PH74K9?E'(->8JR8 M@I_V1<%53+BA/40]$/P/!$3N M0P$D5ZS#CC&1CQ9%*2>A+QDJ!O_=GKU3ZCP?X`R3B'7%(<,QIG*_)!9WD@Z9 MZ9+0['R_Q/R.@YBA2-)6(V>D+.L+78[^(>HA,TC$^I`9+F-A;:%U4+`W[S;C( MRSK-1L%H"1^K^/N7LXJ1=^R'!I?<[[E`CPOGI&(!9VN!A$-'LEW++7_[\A<\7(&\)_5$/A4P=Q)H# MIDBQ"%^KZ%9=>'.SNI0R3#4&E(1:ZL*;,,&[L-O"B=B(=NE5C2H@S`@D]-,X5#_QZ'GGI>8E"R90;UC5$4A2FAL#%* M)C%S_%53S3@T*>P:C4:`6!==7V$VN2818FWO&C[)*"M+.<5-Q43KQJ^2ANK0 M3"+L,B6:T*W%D8HOJ&2^6<)'0<0I%HK&61=5Y=5[@`&;%_D#0&H.-C4K<98_ M$X!VE)S:Y+S=>+[N%E,B0W>4@-KD0KMV3_G08N#Z46^+_G&0K;\D6O\.@E@V M1(DD6V=(U]B*ZX$"4ZV+BG()YRHV*F).45$UTKJ8INO[*-5F`)!_&UZ!&8JX M:N)P5"+M%"M2DZV+=1Y@!%`(_1M`0A2.*8NR$;[H&TS_%N]CY4L=.6W.\^0U<%RB"!=`(C MY(%@TX1=\P_L-W_77*]C.N_.XA(&=)\DZOK)?'$`27(:TRA4D19VU,^80F-= M:%-4/#U.VXVC"2;H3^@;<5DI=!`<5J&P+AP2*9RDHC4:@6+?"6KE!0CODJ4JX3YWI8-?B MEE)%6^5()Y,^%*K48UR+>TTUKJ@Q*G(HA!D,;:N[4O9\MG=E(^V/^C-(TDM> M&SGD*ZFZQ=.^$HW:.B?#-(8KE31+`S+IUM;[YS",H2P[?O7GUL^8*#$N+MQG M%ED7IE]ARES04D&I'\W+N`-[R3;KPNR/!%,Z('@DW<'*2[B#>\$NZX+EI7,. MQS?/,QA2J+M&0"[O#B,*FZV+AC\!\A5R7;NAW_63I$^ZUEQ"DJ90RTQIFUR> M*YW]U@TA0Q``DNZ#?09CZ;A=$7.)E*J-UHTF0QBP.L]@U0GA?/6$2H..1>$'&)E*)M\K&G[A8Y)!2VFAY10<%T M-N$6?54K#RC%I1]-($EG5?R\L^'T4%W(H3FBQOH&U]K%#X:DW^YAPB\J?XJ@ M'T):[D9RN;:[D5';X7@K3+5N:L?OT:`1;SFIQKJF*<05XNT-^AR708$ MSQ$CZW+Q&X7^;;@*5+M>A.9IFK[:N`TJLB>%0,I@:?"N#95U$8ESDZS-&VCM MB5>;U_OX_X[3>(D^X@?HX=!#R?6P:ZT?<3,==2>?43_UIQ0^<(3U< MUO6Q1-TTZ_,Z)LS"]+60)-$Z_3EGBW1B6*>.`V\#&P)KW7)6=\J?'/LSH:8_ MXI=N72.:7#TX('"*XJEL?-:6^TX:@`&`UBV@%:X46(\R[+\#F%`4^GFS&'H! MH!2-D)?FN_9'TFN#9.`DJR"R[BP-4Y1` M0.$U3/_-K.2KFFM3T\>,PORUIPPJ?7[Z5K4Z%MQM#:)U4XFJ1=6G9(RY%Q1M M/\FBB5:O;@,BQ'8?^N5>AEE_N*R<*`@T*W@XQ-5!R[H8L(I#]H`*DL9\ZC*' M0ZPA1F[XW-*-XW5\;KGH]\"P"#'K0C;Y4*&^A5I?[CNAN(B5=:D1YAM(6^]L M'B#C==#;V8UMUC2:-*VQ@6UQ546.A5N;0&7=(,`O;6=&]`G?9EC^3]?[(T;I MC0(]]`S]9>_AO[*&?"$C?(.:[-QB-VCLQ;OQ-X#0NHUXOA,JZN:#1GJ+BO6_S\G;V;8.&77L+UM)GQ4OG'2XQ M(?@;3^HV.^"1DS\(*A5P6.>5'^`,+)9IOOGL#\5S:UAT%U'<`. M:+4KL3F9VFFV)@T*.!;6J$RW+CV$*]L-??XOGF$T!P$?8[JLS1*R8,U3^0:6 M45D'V3,`1'X9:\VN.DM:"M.21*UWV)TVA"^M+TKNI"E\D2XYOMVT,=R$?JM- M81C/9D$"%`@RH&[#$293(+H+M[R@85C:L<9@#(JX,;QK?U[.'Y733+X3D;:) MJ=?Z1-/JU%(+UX]XSN@C>.8/_BJX*$JY3$?)7NN6A3*#EGM+ZQV&T!=,T/E9 M@0#3F$"-"]RZVK8YWV"@W`Y&25\];_.@XU.4OG!/F5++M^YYY,94CCDV^D/Q8&0]&'>>/YL_],/3]R]AF#S4R;S;2LT>!%%<>>&E;ND# M8K,V<`UZ>DD:=*[9]#!YG"2[1\PJF*Z/BL(5\W('1ITA6`VN^(M)^\P")\!" M*+DF`L8,"AT8728P:5;_=W]AT-J,>QS!BVNXRK/OCRYCBOAQ*'[-47*4+4=) MZ`_CZ12017\T1.,P.?(61LN<3[X?C`/F5.#&UPWM7*_]7E:T56-'/8??OF5Q\QTY.9[D$2-N-6BU6VZ1&+FAR=V1:/ MR?\1(Q]%"X%N$BN41=QR$FKK+>O0K_D_LN,QS73H8I5M=NBB)L<.O]B.A?0\$?<=#;C:2JU MMNEL*LH<_9M%L>0&JS95WYIV0%<((#I@;EN0S1HIG>+*JXS0XM MTN?8I[<[W%)`DX-LWLO-R[O5[VO@8IDG^#M_K1JEEV.QP8^O8,"PN?56>?5M M>@6Y5D??L-7K[TM,>9)<'E9S!U&S$K>\1%V$+',5/^;3T,05FA[*HA:Z\3]P$I8-WEH*RMKM*E*_.>^@`L,P_E-,PUOI?0X+F3($YS*?51"NSFO066VMA4R9+;>6_0O]H>.F>'869HU@#9^8D&!4XFR19FV>ZW)DF?) M*GG7-+UJ[UW:]D(XYKE=N8OV6ET5;;1;"VNV9F7SV*WK'X\I>&'K7&DAOH>_:SA6:?EI1^/ M"D];$G*BXY?LVOD->ZO&V'U&Y7EH]>^V7'598#V+$TNF[`6Z.?_>-9X")-JI M+$NT!)^4YSQR!4NVG[AG;QM`0N&&]V-+ED)R3O,3G#Y!(@!>(&0K]B)[K+MZ M=]7QV+@);]E_RD)6@:"U/D-EG)R!UCM`,]8@")QT$>PTL(^-NDR0/3V:,2#\S] M21>#ZM7B!+-UD=GYE=_:J^2S>Y/[I)\V/>$*WE95V,!?2P25"_KKE+29R%H(-/@,J+C;U7L@P>('$;2=9X,7#39Z MB5/_,(7$9:W^;#N215L:?/10#%UN9LNG'^(W612"ML,ILT_^"&%K>Y7A>.O9 M5,U*;"9O4USD#PJVE5O"MYV62XJ:S6BAJ`LDB6UL\#D_Y:,H-\^L72`*!P1Y MHH%5*&8SK'+;['SL:SU'_BT$4Q;\H#^A+QF0S;`_75L&D;H;[VQPT'PSE)!N?O+$S@DU&#V$E3R`4?HK/;NCV$ M=2X&B\NGZ:KJS?,,>GRQ#O,M4=85%@K2:E3@`H%U\-CYIL$#Y.E'Z9F21.,8 M!'R$$FZ^2T1M!EUMHV91WYX!6').8]7O,^CUF M_4I0+[I-*DW\%*SD>*]FPVP6`TOYHJ7"?/*#Q MI)B@N/HC7?Z5EG.IMJO+9K*W1&GGAU'R+H-K(?&42E&;\5?;V.`9E`8/Q:9= M_3KFN>Q,5X3]_%U3/4R&D,R9'?(5WEJ5V$S?IK@T>$*FP1O0+OG,B;7&&0QI M`K&,0+&P$T1)[-2)?D/2G%; MMG2$Z1!J0UO#69HLH2G0XLZ]29/1H>Y`9L4P#@(TYW>/^0A\)#B>R6]5DXDZ MPI+A,NK=:1W%.M*V<)JI4'FF=6: M;MW"[B=`OD+N-GC2.U-7PDY%S`DZJL99EL_Q<_Z&Y&3##OH#0!K>^M)^I17I)RDG_?(259DBW2LO.P MM]"71!+GJ1G.#$>DCWY["@,T)D)2SHX;G:UV`Q'F<9^RA^,&E;RYO[]WT.PT M?OO\][\=_:/91#W!_<@C/NH_HXOS+R>W,J**(,D'ZA$+LHE._#%F&N",AZ-( M$8&ZC/$Q5L!!;L*-M[4)8Z-G01^&"GTX^P5MM]O[S>UV9Q?]I]?[\_IR]^R? M)[__<;Y[O?O[U^N[J_]NHD,28@1:,'G(.&-1 M>-P8*C4Z;+4TTE-?!%M41:`-0$*"*HUXCQ"@B/.P8<1.JT_OQZ M=6?H)X"'D6P^8#R:(`RP[!OP9*"EE6BV.\V=3HHRH$&!OASR$8N4P(.(!%)K M8I#:!SOM%,4G=()BY)?$VWK@XQ8,E'!X"BC[JTR'SL'!0KB/)J2B_"<#'`4@.;?(QS0`25^`V&E!.V#AQ8`(I:!@(/]=(3!>Y7Q7GT+ M]Z,190-N;GXZTM(=IB+>D@$R[_M0OZ#C#4G#44`VDF=#00;'&TP-@F;Z"KZ- M!-D"M5(0P0-`LZJFAUN`(D$K(]%5QC@E@84W0V7&'X`('Q&A*)&3][O1>AV5 M?#)85"5`H8RNJT(![B^J$*"08!UU\7"PJ"Z`XD7!&[N;IG$/.B!]\:_;;H&> M(X;$(E)??#NGT@NXC`2YYHKLGG$VUAS[`3DG?:7#N!\%Y&9P#C%+)Z,QN:*X M3P.JI3I1EYB*?^,@`FB%:2`W$/6/-]Z"<*QVHG?F^9_;[?;V;ALU4<80;C1/ MM`L7.;Y(,SY$*6O$!RACCG+<(<0AS1\9`="'1(1?CEK3S/,R19+X-^RSN9X. M-@EF`F+#*L[G:CA3;E:"E#Q*7>4MW:=S3J0GZ$A+PPH;Q"P$KH. M=^I\>MMX%4M0AZMYOK.C_\@>?M;O*S/PQ))WBGM_00"YXIBYO64)2B[_L(2; M'=1DF@]*&!5](^;C>P(KFFW76ZO3\G%9-[!?4(3&:*U_>;8 M[^,9#T.J=%=!@L_K"HX/+`04L\M65VYR+NOO+UM4Y1*GP=!Y,V%;ITZ[@UQK@$L-T&7>'2AL MNH:P_+H9$1&WK3/S5P%VI5*SPI_@:=M.",:]\?RP675EA&O;S9G<>W=#+,B0 M!SX1\N)[1-7SG':.`\/5I[$41'O:>#F"/^,1E[^BF&[=?EEA^Z4$]_T[,RXA M7`EA;U5-F\-R,NA#"E"[\ON[M*PB]W5>G-!!,:':1@L&WJH!U3F1#JH'RMI`+\^,70"0 M9AO`B[]/SY!R3<0%S&S-AQG#^JMTQ=7B*0[TD9:[(2'*MDHLPKCFZG:%U6%" M#<7D:OLLNS%H3M$Z%\]5G%I6(A6V"=4EZ,NW[,VQ[%P\EV4M87;N!K[:KLMM MD9UCRU)8E_TL?9R9#;.UO=ZF*'IYJV"6ELO>EGWN2Y=%_W]><=3*G9N%F\*A MVB,:CKA0*#[,?<4],^(XXZOOFNE!WZ9^U.QL-WA+9?-?L#S;[SL1+[F?/3+Y"`L^N7"I$[#;^P(+ECXUJ`/1OKTG/F!6ZS.,ZC M]1;A#)]2Q!8)E$R?-#-2L<1S1'&>P7>),HVC+RS,D[/JB-$@T)G]N*%$1!K( M'.QMF#/OAR%G$!?$3TV3KJQ#_%3-*I!%'3$(+;"G4AU=.@,D5`:OHG&JFJLM>I*(EBI7 M#?;-U?/5H4^!N/X]DFYE12=I^^2)RE2CJ8=5O"_^`9%#GX>8LE]?G6@Q#VPM[6/> M-1V3HLRI3K;1'T,57=TDQ8U5H0),=;5DO#A=7JFX5305KK,HFS3XB-\%.&'6 M4&G9>2-N3$)*5HSYV+T+1$`>O.KMNB0ZA<2?<9)`(!_=$A)G%;./K M&!B*2P1':)@&_#%F5.I#UNF4`;RK0I/9Y-:G0@FT0,FS'AZ7=?@=WI8'6D?# MS/C1S2!N_UD=+0/X0?2Q>EPUV!]$RRHI=PKJ'9-N^6J!,U/5Q/[4BX0WA$6= MGU\KV"#6T2CY-5S9NFZU54[NPZ5V@K@$Z63ONGRT4MR%H`NLC8U>4^(DHUT\ M$>%127J">A/7+A];2Z](K$]\_6(G?C'U=/TE[Y2+_KX^X@PCQ@EZ"9.2(#(U MOI:O',)%MFX`@9E'1SBXB91&U[_BG@\L\R!7.7F+\N7"2Y9A"Q.Z.OQJFT36 M#7Z%[T#SH%;_J:5T*UM!AWE06H>C5OR]'"[_!U!+`0(>`Q0````(`%B"`Q0````(`%B"`L``00E#@``!#D!``!02P$"'@,4````"`!8@G-%=]=" M0SL(```?:P``%0`8```````!````I($Z-```;G1F;"TR,#$T,#DS,%]D968N M>&UL550%``,X"6U4=7@+``$$)0X```0Y`0``4$L!`AX#%`````@`6()S10*" M,MG((@``AK8!`!4`&````````0```*2!Q#P``&YT9FPM,C`Q-#`Y,S!?;&%B M+GAM;%54!0`#.`EM5'5X"P`!!"4.```$.0$``%!+`0(>`Q0````(`%B"`L``00E#@``!#D!``!02P$"'@,4````"`!8@G-% MJS0PXM,)``![8```$0`8```````!````I(&<=0``;G1F;"TR,#$T,#DS,"YX M`L``00E#@``!#D!``!02P4&``````8`!@`:`@``NG\` #```` ` end XML 43 R21.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 3 -notes Payable (Details) (USD $)
Feb. 28, 2014
Details  
Loans Payable $ 50,000
Shares, Issued 50,000
XML 44 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 4 - Convertible Debt: Schedule of Fair Value Investment (Details) (USD $)
Sep. 30, 2014
Details  
Relative Fair Value of Shares $ 27,778
Relative Fair Value of Conversion Feature $ 22,222
XML 45 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
NutraFuels, Inc. - Statements of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating Activities:    
Net Loss $ (1,317,331) $ (1,618,083)
Adjustments to reconcile net loss to net cash used in operations:    
Depreciation 39,307 38,772
Stock for services- related party   896,313
Stock for services 29,314 381,247
Amortization of Debt Discount 191,427 9,317
Reclassification of Down Payment for Equipment (22,400)  
Income from Indebtedness (7,956)  
Changes in operating assets and liabilities:    
Accounts receivable, increase decrease (2,435) (84,610)
Subscription receivable, increase decrease 25,000  
Inventory, increase decrease 810 (241,630)
Accrued expenses, increase decrease 62,787 25,243
Accounts payable, increase decrease (74,999) (50,956)
Net Cash Used In Operating Activities (1,076,476) (644,387)
Investing Activities:    
Purchase of fixed assets (4,724) (263,810)
Net cash used in Investing Activities (4,724) (263,810)
Financing Activities:    
Common stock issued for cash 650,000 390,000
Borrowings on debt 420,000 300,000
Repayments on debt, related party   (310,600)
Repayments on debt (25,000)  
Borrowings on debt, related party   455,000
Net Cash Provided by Financing Activities 1,045,000 834,400
Net decrease for the period (36,200) (73,797)
Cash, beginning of period 63,255 144,750
Cash, end of period 27,055 70,953
Supplementary Cash Flow Information:    
Interest paid in cash      
Income tax paid in cash      
Non-cash financing and investing activities:    
Shares issued for conversion of debt   150,000
Debt discount from beneficial conversion feature 43,822  
Shares issued with the issuance of debt 52,778 111,803
Warrants issued with the issuance of debt $ 290,000  
XML 46 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 5 - Shareholders' Equity
9 Months Ended
Sep. 30, 2014
Notes  
Note 5 - Shareholders' Equity

NOTE 5 – SHAREHOLDERS’ EQUITY

 

During April 2014, an investor purchased 500,000 shares for $1.00 per share.  The investor also received warrants to purchase 500,000 shares at exercise price of $0.50 per share.  The warrants have a one-year term.

 

During September 2014, an investor purchased 150,000 shares for $1.00 per share.  The investor also received warrants to purchase 150,000 shares at exercise price of $0.20 per share.  The warrants have a one-year term.

 

For the three months ended September 30, 2014, there were 10,000 shares of stock issued for services, resulting in stock based compensation expense of $29,314.

XML 47 R27.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 5 - Shareholders' Equity (Details) (USD $)
1 Months Ended 3 Months Ended
Sep. 30, 2014
Apr. 30, 2014
Sep. 30, 2014
Aug. 27, 2014
Jun. 23, 2014
Mar. 26, 2014
Dec. 31, 2013
Sep. 07, 2013
Jun. 07, 2013
Details                  
Common Stock Shares Purchased 150,000 500,000              
Common Stock, Par Value $ 0.0001 $ 1.00 $ 0.0001 $ 1.00 $ 1.00 $ 0.50 $ 0.0001 $ 1.00 $ 1.00
Debt Conversion Converted Instrument Warrants or Options Issued 150,000 500,000 150,000     500,000      
Class of Warrant or Right, Exercise Price of Warrants or Rights $ 0.20 $ 0.50 $ 0.20            
Common Stock Price Per Share $ 1.00                
Stock Issued During Period, Shares, Issued for Services     10,000            
Share-based Compensation     $ 29,314            
XML 48 FilingSummary.xml IDEA: XBRL DOCUMENT 2.4.0.8 Html 30 133 1 true 4 0 false 4 false false R1.htm 000010 - Document - Document and Entity Information Sheet http://www.shopnutrafuels.com/20140930/role/idr_DocumentDocumentAndEntityInformation Document and Entity Information true false R2.htm 000020 - Statement - NutraFuels, Inc. - Balance Sheets Sheet http://www.shopnutrafuels.com/20140930/role/idr_NutraFuelsIncBalanceSheets NutraFuels, Inc. - Balance Sheets false false R3.htm 000030 - Statement - Statement of Financial Position - Parenthetical Sheet http://www.shopnutrafuels.com/20140930/role/idr_StatementOfFinancialPositionParenthetical Statement of Financial Position - Parenthetical false false R4.htm 000040 - Statement - NutraFuels, Inc. - Statements of Operations Sheet http://www.shopnutrafuels.com/20140930/role/idr_NutraFuelsIncStatementsOfOperations NutraFuels, Inc. - Statements of Operations false false R5.htm 000050 - Statement - NutraFuels, Inc. - Statements of Cash Flows Sheet http://www.shopnutrafuels.com/20140930/role/idr_NutraFuelsIncStatementsOfCashFlows NutraFuels, Inc. - Statements of Cash Flows false false R6.htm 000060 - Disclosure - Note 1 - Description of Business, Basis of Presentation, and Summary of Significant Accounting Policies Sheet http://www.shopnutrafuels.com/20140930/role/idr_DisclosureNote1DescriptionOfBusinessBasisOfPresentationAndSummaryOfSignificantAccountingPolicies Note 1 - Description of Business, Basis of Presentation, and Summary of Significant Accounting Policies false false R7.htm 000070 - Disclosure - Note 2 - Going Concern Sheet http://www.shopnutrafuels.com/20140930/role/idr_DisclosureNote2GoingConcern Note 2 - Going Concern false false R8.htm 000080 - Disclosure - Note 3 -notes Payable Notes http://www.shopnutrafuels.com/20140930/role/idr_DisclosureNote3NotesPayable Note 3 -notes Payable false false R9.htm 000090 - Disclosure - Note 4 - Convertible Debt Sheet http://www.shopnutrafuels.com/20140930/role/idr_DisclosureNote4ConvertibleDebt Note 4 - Convertible Debt false false R10.htm 000100 - Disclosure - Note 5 - Shareholders' Equity Sheet http://www.shopnutrafuels.com/20140930/role/idr_DisclosureNote5ShareholdersEquity Note 5 - Shareholders' Equity false false R11.htm 000110 - Disclosure - Note 6 - Commitments & Contingencies Sheet http://www.shopnutrafuels.com/20140930/role/idr_DisclosureNote6CommitmentsContingencies Note 6 - Commitments & Contingencies false false R12.htm 000120 - Disclosure - Note 7 - Notes Payable - Related Party Notes http://www.shopnutrafuels.com/20140930/role/idr_DisclosureNote7NotesPayableRelatedParty Note 7 - Notes Payable - Related Party false false R13.htm 000130 - Disclosure - Note 8 - Subsequent Events Sheet http://www.shopnutrafuels.com/20140930/role/idr_DisclosureNote8SubsequentEvents Note 8 - Subsequent Events false false R14.htm 000140 - Disclosure - Note 1 - Description of Business, Basis of Presentation, and Summary of Significant Accounting Policies: Description of Business (Policies) Sheet http://www.shopnutrafuels.com/20140930/role/idr_DisclosureNote1DescriptionOfBusinessBasisOfPresentationAndSummaryOfSignificantAccountingPoliciesDescriptionOfBusinessPolicies Note 1 - Description of Business, Basis of Presentation, and Summary of Significant Accounting Policies: Description of Business (Policies) false false R15.htm 000150 - Disclosure - Note 1 - Description of Business, Basis of Presentation, and Summary of Significant Accounting Policies: Basis of Presentation (Policies) Sheet http://www.shopnutrafuels.com/20140930/role/idr_DisclosureNote1DescriptionOfBusinessBasisOfPresentationAndSummaryOfSignificantAccountingPoliciesBasisOfPresentationPolicies Note 1 - Description of Business, Basis of Presentation, and Summary of Significant Accounting Policies: Basis of Presentation (Policies) false false R16.htm 000160 - Disclosure - Note 3 -notes Payable: Schedule of Fair Value Stock and Loan (Tables) Notes http://www.shopnutrafuels.com/20140930/role/idr_DisclosureNote3NotesPayableScheduleOfFairValueStockAndLoanTables Note 3 -notes Payable: Schedule of Fair Value Stock and Loan (Tables) false false R17.htm 000170 - Disclosure - Note 4 - Convertible Debt: Schedule of Derivative Liabilities at Fair Value (Tables) Sheet http://www.shopnutrafuels.com/20140930/role/idr_DisclosureNote4ConvertibleDebtScheduleOfDerivativeLiabilitiesAtFairValueTables Note 4 - Convertible Debt: Schedule of Derivative Liabilities at Fair Value (Tables) false false R18.htm 000180 - Disclosure - Note 4 - Convertible Debt: Schedule of Fair Value Note and Warrant (Tables) Sheet http://www.shopnutrafuels.com/20140930/role/idr_DisclosureNote4ConvertibleDebtScheduleOfFairValueNoteAndWarrantTables Note 4 - Convertible Debt: Schedule of Fair Value Note and Warrant (Tables) false false R19.htm 000190 - Disclosure - Note 4 - Convertible Debt: Schedule of Fair Value Investment (Tables) Sheet http://www.shopnutrafuels.com/20140930/role/idr_DisclosureNote4ConvertibleDebtScheduleOfFairValueInvestmentTables Note 4 - Convertible Debt: Schedule of Fair Value Investment (Tables) false false R20.htm 000200 - Disclosure - Note 2 - Going Concern (Details) Sheet http://www.shopnutrafuels.com/20140930/role/idr_DisclosureNote2GoingConcernDetails Note 2 - Going Concern (Details) false false R21.htm 000210 - Disclosure - Note 3 -notes Payable (Details) Notes http://www.shopnutrafuels.com/20140930/role/idr_DisclosureNote3NotesPayableDetails Note 3 -notes Payable (Details) false false R22.htm 000220 - Disclosure - Note 3 -notes Payable: Schedule of Fair Value Stock and Loan (Details) Notes http://www.shopnutrafuels.com/20140930/role/idr_DisclosureNote3NotesPayableScheduleOfFairValueStockAndLoanDetails Note 3 -notes Payable: Schedule of Fair Value Stock and Loan (Details) false false R23.htm 000230 - Disclosure - Note 4 - Convertible Debt (Details) Sheet http://www.shopnutrafuels.com/20140930/role/idr_DisclosureNote4ConvertibleDebtDetails Note 4 - Convertible Debt (Details) false false R24.htm 000240 - Disclosure - Note 4 - Convertible Debt: Schedule of Derivative Liabilities at Fair Value (Details) Sheet http://www.shopnutrafuels.com/20140930/role/idr_DisclosureNote4ConvertibleDebtScheduleOfDerivativeLiabilitiesAtFairValueDetails Note 4 - Convertible Debt: Schedule of Derivative Liabilities at Fair Value (Details) false false R25.htm 000250 - Disclosure - Note 4 - Convertible Debt: Schedule of Fair Value Note and Warrant (Details) Sheet http://www.shopnutrafuels.com/20140930/role/idr_DisclosureNote4ConvertibleDebtScheduleOfFairValueNoteAndWarrantDetails Note 4 - Convertible Debt: Schedule of Fair Value Note and Warrant (Details) false false R26.htm 000260 - Disclosure - Note 4 - Convertible Debt: Schedule of Fair Value Investment (Details) Sheet http://www.shopnutrafuels.com/20140930/role/idr_DisclosureNote4ConvertibleDebtScheduleOfFairValueInvestmentDetails Note 4 - Convertible Debt: Schedule of Fair Value Investment (Details) false false R27.htm 000270 - Disclosure - Note 5 - Shareholders' Equity (Details) Sheet http://www.shopnutrafuels.com/20140930/role/idr_DisclosureNote5ShareholdersEquityDetails Note 5 - Shareholders' Equity (Details) false false R28.htm 000280 - Disclosure - Note 6 - Commitments & Contingencies (Details) Sheet http://www.shopnutrafuels.com/20140930/role/idr_DisclosureNote6CommitmentsContingenciesDetails Note 6 - Commitments & Contingencies (Details) false false R29.htm 000290 - Disclosure - Note 7 - Notes Payable - Related Party (Details) Notes http://www.shopnutrafuels.com/20140930/role/idr_DisclosureNote7NotesPayableRelatedPartyDetails Note 7 - Notes Payable - Related Party (Details) false false All Reports Book All Reports Process Flow-Through: 000020 - Statement - NutraFuels, Inc. - Balance Sheets Process Flow-Through: Removing column 'Mar. 26, 2014' Process Flow-Through: 000030 - Statement - Statement of Financial Position - Parenthetical Process Flow-Through: Removing column 'Aug. 27, 2014' Process Flow-Through: Removing column 'Jun. 23, 2014' Process Flow-Through: Removing column 'Apr. 30, 2014' Process Flow-Through: Removing column 'Mar. 26, 2014' Process Flow-Through: Removing column 'Sep. 07, 2013' Process Flow-Through: Removing column 'Jun. 07, 2013' Process Flow-Through: 000040 - Statement - NutraFuels, Inc. - Statements of Operations Process Flow-Through: 000050 - Statement - NutraFuels, Inc. - Statements of Cash Flows ntfl-20140930.xml ntfl-20140930.xsd ntfl-20140930_cal.xml ntfl-20140930_def.xml ntfl-20140930_lab.xml ntfl-20140930_pre.xml true true XML 49 R20.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 2 - Going Concern (Details) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Details        
Net Loss $ 499,884 $ 602,626 $ 1,317,331 $ 1,618,083