Other Income (Expense)

3 Months Ended

Mar. 31, 2015

Notes to Financial Statements

Note 17 - Other Income (Expense)

We incurred a loss on asset purchase of Cellular Miami Beach of $240,007,725 for March 31, 2015. This is a result of 60 preferred shares and $25,000 note payable issued and payable to the seller. the preferred shares have no fair value, but are convertible into common stock at a ratio of 1 preferred share to 1,000,000 common shares.  At the current stock price of $4.00 this represents a total of $240,025,000. As $17,275 in assets were acquired, this resulted in the $240,007,725 loss.