NightCulture Inc (fka NGHTD)

[General_Sevier]

Weighted average shares of common stock outstanding: 99,795,022

On September 12, 2012 the Company issued $500,000 of convertible debentures (the “2012 Debentures”) maturing on September 11, 2015. The 2012 Debentures accrue interest at 5% per annum with a default rate of 12% per annum. The 2012 Debentures are convertible into common stock of the Company at 50% of the average closing price of the 20 day trading price ending prior to the date of conversion into the Company common stock.[/quote]

Warrants -
Outstanding at Year Ended December 31, 2013
34,401,120 (warrants O/S)
0.02 (exercise price)
1.73 (years left)


Income(loss) from operations - 167,420

Interest expense - (245,597 )

Loss from operations and interest expense - (78,177)