NOTE 12 - SUBSEQUENT EVENTS	6 Months Ended
Jun. 30, 2015
Note 12 - Subsequent Events
NOTE 12 - SUBSEQUENT EVENTS	NOTE 12 – SUBSEQUENT EVENTS During the third quarter of 2015, the Company has borrowed from accredited investors and a related party (the “Debenture Holders”) $123,000 ($50,000 was provided by a board member) pursuant to Series F Debenture. See Note 5 for the terms of the Series F Debentures. The Company incurred no commission costs in connection with these transactions. During the third quarter of 2015, $350,833 of the Series C Debentures matured without payment creating an event of default. Consequently, the aggregate principal amount of these debentures plus accrued interest is convertible into Common Stock at .20 per share. As of August 14, 2015, the Debentures were convertible into an aggregate of 1,754,165 shares. During the third quarter of 2015, $25,000 of the Series F Debentures matured without payment creating an event of default. Consequently, aggregate principal amount of these debentures plus accrued interest is convertible into Common Stock at .03 per share. As of August 14, 2015, the Debentures were convertible into an aggregate of 833,333 shares. See Note 5 for the terms of the Series C and F Debentures. At this time, the Company is in discussion with the Debenture Holders and no notices of conversion of these debentures have been received as of August 14, 2015. During the third quarter of 2015, 7,452,065 shares of common stock were issued upon the conversion of $65,000 of principal on the Peak Debenture. The remaining principal amount of the Peak Debenture of $30,000 was later settled in full upon payment by the Company of $49,000.

NOTE 12 - SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2015

NOTE 12 – SUBSEQUENT EVENTS

During the third quarter of 2015, the Company has borrowed from accredited investors and a related party (the “Debenture Holders”) $123,000 ($50,000 was provided by a board member) pursuant to Series F Debenture. See Note 5 for the terms of the Series F Debentures. The Company incurred no commission costs in connection with these transactions.

During the third quarter of 2015, $350,833 of the Series C Debentures matured without payment creating an event of default. Consequently, the aggregate principal amount of these debentures plus accrued interest is convertible into Common Stock at .20 per share. As of August 14, 2015, the Debentures were convertible into an aggregate of 1,754,165 shares. During the third quarter of 2015, $25,000 of the Series F Debentures matured without payment creating an event of default. Consequently, aggregate principal amount of these debentures plus accrued interest is convertible into Common Stock at .03 per share. As of August 14, 2015, the Debentures were convertible into an aggregate of 833,333 shares. See Note 5 for the terms of the Series C and F Debentures. At this time, the Company is in discussion with the Debenture Holders and no notices of conversion of these debentures have been received as of August 14, 2015.

During the third quarter of 2015, 7,452,065 shares of common stock were issued upon the conversion of $65,000 of principal on the Peak Debenture. The remaining principal amount of the Peak Debenture of $30,000 was later settled in full upon payment by the Company of $49,000.