FutureLand Corp (FUTL)

[Diogenes of Sinope]

10K SPEAKS MUCH LOUDER THAN THE BS/DREAMS OF COX;

http://quote.morningstar.com/stock-filing/Annual-Report/2016/12/31/t.aspx?t=:FUTL&ft=10-K&d=1c2d4684b250d8db55b1e39a11afe0b6

DILUTION CONTINUES!

NOTE 6: CONVERTIBLE DEBENTURES AND NOTES

At December 31, 2016 and 2015, the Company had convertible debt consisting of the following:


December 31,
2016

December 31,
2015

Convertible debt $ 425,385 $ 155,000
Plus: put premium 0 5 5,000
Less: debt discount (146,724 ) (87,250 )
Convertible debt, net $ 278,661 $ 105,706

Convertible debt principal payments of $12,500 were in default on maturity date as of December 31, 2016 as of the issuance date of these consolidated financial statements.





FUTURELAND, CORP. AND SUBSIDIARIES
(FORMERLY AEGEA, INC.)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2016 AND 2015


NOTE 6: CONVERTIBLE DEBENTURES AND NOTES (continued)

On October 05, 2015, the Company issued a debenture for $55,000 for a cash advances during October 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 45% of the
lowest closing bid price 20 days before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.

On November 25, 2015, the Company issued a debenture for $100,000 for a cash advances during November 2015.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 45% of the
lowest closing bid price 20 days before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.

On January 04, 2016, the Company issued a debenture for $30,000 for a cash advances during January 2016.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 20 days before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.

On January 07, 2016, the Company registered 6,000,000 shares of common stock under form S8 with SEC for employee and consultant compensation.

On January 28, 2016, the Company issued a debenture for $93,750 for a cash advances during January 2016.
The debenture accrues interest at 10% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 20 days before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.

On February 16, 2016, the Company issued a debenture for $80,000 for a cash advances during February 2016.
The debenture accrues interest at 8% per annum and will convert into the company’s common stock at 50% of the
lowest closing bid price 20 days before the conversion date. The Holder is restricted from any conversions that
would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.

On April 07, 2016, the Company issued a debenture for $30,000 for an advanced fee on an equity line of credit for $1,000,000. The debenture accrues interest at 8% per annum and will convert into the company’s common stock at 50% of the lowest closing bid price 20 days before the conversion date. The Holder is restricted from any conversions that would result in the Holder owning over 9.9% of the outstanding common shares of the Company after the conversion.