Note 6 - Shareholders' Equity

9 Months Ended

Sep. 30, 2016

Notes

Note 6 - Shareholders' Equity

NOTE 6 – SHAREHOLDERS' EQUITY

We have authorized capital stock consisting of 100,000,000 shares of $0.0001 par value common stock and 400,000 shares of $0.0001 par value preferred stock. As of September 30, 2016 and December 31, 2015, we had 22,301,988 and 19,437,236 shares of common stock issued and outstanding, and no shares of preferred stock issued and outstanding.

On July 15, 2016, the Company announced the closing of the sale of 1,504,050 shares of its common stock for $1,383,726 or $0.92 per share. The sale of the Shares was registered pursuant to the Registration Statement on Form S-1 (File No. 333-210325) declared effective on June 13, 2016 and was made pursuant to subscription agreements dated on or about June 29, 2016.

During the three months ended September 30, 2016, the Company issued an additional 613,664 shares of its common stock at $0.92 per share for $564,571 in cash ($235,200 has yet to be received)  and 747,038 shares of its common stock at $0.92 per share for $687,275 in services. As of September 30, 2016, $279,371 was classified on the balance sheet as subscriptions receivable and $235,200 was classified as common stock subscribed.