NOTE 8 - CAPITAL STOCK

6 Months Ended

Jun. 30, 2017

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

NOTE 8 – CAPITAL STOCK

Preferred stock

The Company is authorized to issue 21 Series A preferred shares at $1.00 par value per share with 1:1 conversion and voting rights. As of June 30, 2017 and December 31, 2016, there were no shares of Series A preferred shares issued and outstanding.

Common stock

The Company is authorized to issue 200,000,000 shares of its common stock at $0.001 par value per share. As of June 30, 2017, there were 96,072,981 shares of common stock issued and outstanding and 226,769 shares of common stock to be issued. As of December 31, 2016, there were 71,908,370 shares of common stock issued and outstanding and 1,740,000 shares of common stock to be issued.

The following common stock transactions were recorded during the six months ended June 30, 2017:

During the six months ended June 30, 2017, the Company issued an aggregate of 12,886,898 shares of its common stock for services valued at $8,842,880.

During the six months ended June 30, 2017, the Company issued an aggregate of 41,153 shares for its common stock for cashless exercise of common stock options.

During the six months ended June 30, 2017, the Company issued an aggregate of 355,689 shares of its common stock for the cashless exercise of common stock warrants.

During the six months ended June 30, 2017, the Company issued an aggregate of 1,081,000 shares of its common stock in settlement of $108,100 of convertible debt.

During the six months ended June 30, 2017, the Company issued an aggregate of 6,873,041 shares of its common stock for exercise of common stock warrants. Net proceeds were $4,723,196.

During the six months ended June 30, 2017, the Company issued an aggregate of 2,926,830 shares of its common stock to acquire DDDigtal LLC (Note 1).