To approve an amendment to our Articles of Incorporation, as amended, to increase our authorized capital stock (“Authorized Capital”) to increase the number of shares of authorized Common Stock to 300,000,000[/b] from 200,000,000;
The affirmative vote of a majority of the voting power of the Common Stock and Series B Preferred Stock, voting together as a single class, outstanding on the Record Date is required for approval of the Proposals. As of the Record Date, the Company had 197,447,416 shares of Common Stock and 410,000 shares of Series B Preferred Stock issued and outstanding
NOTE 5 - STOCKHOLDERS’ EQUITY (DEFICIT) (CONTINUED)
During the three months ended September 30, 2014, the Company sold for cash 4,893,731 shares and twenty-four month warrants to purchase: (i) 1,375,000 shares at $0.70 per share, and (ii) 724,500 shares at $1.00 per share, for net proceeds of $307,662.
.062 conversion
During the three months ended December 31, 2014, the Company sold for cash 1,599,994 shares and twelve month warrants to purchase: (i) 1,187,500 shares at $0.70 per share, and (ii) 598,500 shares at $1.00 per share, for net proceeds of $95,750.
.059 conversion
During the three months ended March 31, 2015, the Company sold for cash 4,425,000 shares and twelve month warrants to purchase: (i) 2,375,000 shares at $0.70 per share, and (ii) 1,197,000 shares at $1.00 per share, for net proceeds of $189,557.
.042 conversion[color=red][/color]
During the three months ended March 31, 2015, the Company issued 296,250 shares for consulting services valued at $17,775, based on the stock price at the time of the respective agreements underlying the services provided.
.06 conversion
During the three months ended June 30, 2015, the Company sold for cash 4,362,500 shares and twenty-four month warrants to purchase: (i) 2,668,750 shares at $0.70 per share, and (ii) 1,345,050 shares at $1.00 per share, for net proceeds of $212,934.
.048 Conversion[color=red][/color]
During the three months ended June 30, 2015, the Company issued 1,415,062 shares for consulting services valued at $71,435, based on the stock price at the time of the respective agreements underlying the services provided.
.05 conversion[color=red][/color]
During the three months ended September 30, 2015, the Company sold for cash 2,150,000 shares and warrants to purchase: (i) 2,687,500 shares at $0.70 per share, and (ii) 1,354,500 shares at $1.00 per share, for net proceeds of $214,633. The warrants expire at various times through June 2016.
.099 conversion
[color=red][/color]
During the three months ended December 31, 2015, the Company sold for cash 5,242,000 shares and warrants to purchase: (i) 3,276,250 shares at $0.70 per share, and (ii) 1,651,230 shares at $1.00 per share, for net proceeds of $261,477. The warrants expire at various times through October 28, 2016.
.049 Conversion
