Quarterly report pursuant to Section 13 or 15(d)

Capital Stock and Additional Paid-in Capital

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Capital Stock and Additional Paid-in Capital
6 Months Ended
Jun. 30, 2014
Notes to Financial Statements  
Note 6. Capital Stock and Additional Paid-in Capital

On February 20, 2014, a convertible note holder elected to convert $25,000 principal amount of the convertible note dated May 21, 2013, into 615,764 shares of the Company’s common stock at a fair value of $0.11 per share in accordance with the convertible note agreement. See Note 7. These shares were issued on March 5, 2014.

 

On March 12, 2014, a convertible note holder elected to convert $21,000 principal amount of the convertible note dated May 21, 2013, into 532,454 shares of the Company’s common stock at a fair value of $0.10 per share in accordance with the convertible note agreement. See Note 7. These shares were issued on March 20, 2014.

 

On May 5, 2014, a convertible note holder elected to convert $16,000 principal amount of the convertible note dated October 28, 2013, into 235,294 shares of the Company’s common stock at a fair value of $0.21 per share in accordance with the convertible note agreement. See Note 7. These shares were issued on June 9, 2014.