Quarterly report pursuant to Section 13 or 15(d)

NOTE 14: SUBSEQUENT EVENTS

v3.10.0.1
NOTE 14: SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2018
Notes  
NOTE 14: SUBSEQUENT EVENTS

NOTE 14: SUBSEQUENT EVENTS

 

On October 2, 2018 the Company issued 117,447 restricted shares of common stock to Investor as a redemption notice #16 to note payable valued at $150,000. The market value of the stock on October 2, 2018 was $1.80 as advertised on yahoo.com/finance. The Company recorded loss of $24,814 on the difference between conversion price and market value.

 

On October 15, 2018 the Company issued 200,000 S-3 shares to Investor for $1.514 per share, which represented a discount of 12.5% from the Stock’s closing price and true-up adjustment of $28,500 on that date for a total purchase price of $274,300. The Company received $274,300 in cash.

 

On November 7, 2018 the Company issued 200,000 S-3 shares to Investor for $1.19 per share, which represents a discount of 12.5% from the stock’ closing price and true-up adjustment of $78,950 on that date for a total purchase price of $159,050. The Company received $159,050 in cash.