Related Party Transactions

6 Months Ended

Jun. 30, 2015

Related Party Transactions [Abstract]

Related Party Transactions

13. Related Party Transactions

2015

During the period January 1, 2015 through June 30, 2015, the Company repaid $64,633 to its former CEO from related advances.

During the period January 1, 2015 through June 30, 2015, the Company received advances in the amount of $75,000 from its former CEO to fund operations.

During the period January 1, 2015 through June 30, 2015, the Company received advances in the amount of $65,000 from a non-affiliated shareholder of the Company to fund operations.

2014

During the period January 1, 2014 through June 30, 2014, the Company repaid $180,000 to its former CEO from related advances.

During the period January 1, 2014 through June 30, 2014, the Company repaid $190,000 to its CFO from related advances.

During the period January 1, 2014 through June 30, 2014, the Company converted convertible notes to its former CEO in the amount of $1,000,000 to common stock.

During the period January 1, 2014 through June 30, 2014, the Company converted convertible notes to its CFO in the amount of $300,000 to common stock.

During the period January 1, 2014 through June 30, 2014, the Company paid consulting fees in the amount of $67,000 to the brother of the Company’s then CEO.

On June 25, 2014, the CEO converted 10,000,000 shares of Series H preferred stock to 694,444 shares of common stock (post-split).

On June 25, 2014, the CFO converted 2,500,000 shares of Series H preferred stock to 173,611 shares of common stock (post-split).