COMMITMENTS AND CONTRACTUAL OBLIGATIONS	3 Months Ended
Mar. 31, 2014
Commitments And Contractual Obligations
NOTE 6 - COMMITMENTS AND CONTRACTUAL OBLIGATIONS	*a) Birch First Capital Fund, LLC* On August 16, 2013 Birch First Capital Fund, LLC (“Birch First”) filed a complaint against the Company in the 15th judicial circuit of Florida (2013 CA 012838) alleging that the Company owes them $168,661. The Company filed a response and counterclaim against Birch First and its principal for unspecified damages relating to Birch First’s fraudulent inducement and violation of U.S. securities law. Both claims are currently pending. On November 18, 2013 the Company became aware of litigation by Birch First and Birch First Capital Management, LLC against Mr. Charles Cronin and Dr. Earl Beaver, naming the Company as a nominal defendant. The litigation is correlated to conduct by the former board members named above in relation to energy sector technologies. A motion to dismiss has been filed by the Company concerning this derivative lawsuit, ascertaining, among other things, that Birch First’s representation of the shareholder class is inconsistent based on his position to directly recover a judgment from the company, which in turn negatively impacts the very class of shareholders Birch alleges to represent. At this point in time, the Company has no evidence that supports Birch’s litigation, but believes it is the proper party to take action in recovery if evidence to the contrary is provided in further proceedings that is in the Company’s and shareholder’s best interest. The disputed liability amount, including accrued interest, as of March 31,2014 is $184,481. *b) ClassifiedRide.com* On January 14, 2014, the Company entered into an asset purchase agreement to acquire classifiedride.com for the purchase price of $3,000,000 in the form of a promissory note and 14,000,000 shares of the Company’s common stock. Interest under the agreement was calculated at 7% per annum under the terms of the agreement. Under the terms of the agreement, if EDS defaults on its monthly interest payments after the first year of the purchases price, a penalty of 14% of the payment added will be accumulated to the interest balance. c) *Loans payable to related party – Myers - LOC* The principle amount due to a related party at March 31,2014 of $113,424, represents an unsecured promissory note (“Myers – LOC”) due to a shareholder and director of the Company. These amounts are unsecured and bear interest at 12% per annum. These funds were used to pay for corporate expenses related to the Company’s corporate and operating expenses. As of March 14, 2014, the line of credit agreement was extended from $50,000 to $120,000 with a payable date extended to December 1, 2014. Accrued interest at March 31, 2014 was $8,054.

COMMITMENTS AND CONTRACTUAL OBLIGATIONS

3 Months Ended

Mar. 31, 2014

Commitments And Contractual Obligations

NOTE 6 - COMMITMENTS AND CONTRACTUAL OBLIGATIONS

a) Birch First Capital Fund, LLC

On August 16, 2013 Birch First Capital Fund, LLC (“Birch First”) filed a complaint against the Company in the 15th judicial circuit of Florida (2013 CA 012838) alleging that the Company owes them $168,661. The Company filed a response and counterclaim against Birch First and its principal for unspecified damages relating to Birch First’s fraudulent inducement and violation of U.S. securities law. Both claims are currently pending.

On November 18, 2013 the Company became aware of litigation by Birch First and Birch First Capital Management, LLC against Mr. Charles Cronin and Dr. Earl Beaver, naming the Company as a nominal defendant. The litigation is correlated to conduct by the former board members named above in relation to energy sector technologies. A motion to dismiss has been filed by the Company concerning this derivative lawsuit, ascertaining, among other things, that Birch First’s representation of the shareholder class is inconsistent based on his position to directly recover a judgment from the company, which in turn negatively impacts the very class of shareholders Birch alleges to represent. At this point in time, the Company has no evidence that supports Birch’s litigation, but believes it is the proper party to take action in recovery if evidence to the contrary is provided in further proceedings that is in the Company’s and shareholder’s best interest.

The disputed liability amount, including accrued interest, as of March 31,2014 is $184,481.

b) ClassifiedRide.com

On January 14, 2014, the Company entered into an asset purchase agreement to acquire classifiedride.com for the purchase price of $3,000,000 in the form of a promissory note and 14,000,000 shares of the Company’s common stock. Interest under the agreement was calculated at 7% per annum under the terms of the agreement. Under the terms of the agreement, if EDS defaults on its monthly interest payments after the first year of the purchases price, a penalty of 14% of the payment added will be accumulated to the interest balance.

c) Loans payable to related party – Myers - LOC

The principle amount due to a related party at March 31,2014 of $113,424, represents an unsecured promissory note (“Myers – LOC”) due to a shareholder and director of the Company. These amounts are unsecured and bear interest at 12% per annum. These funds were used to pay for corporate expenses related to the Company’s corporate and operating expenses. As of March 14, 2014, the line of credit agreement was extended from $50,000 to $120,000 with a payable date extended to December 1, 2014. Accrued interest at March 31, 2014 was $8,054.

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

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