Grapefruit USA Inc (GPFT): Just a minor "accidental" omission E...

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Monday, 04/17/2017 12:02:56 PM

Monday, April 17, 2017 12:02:56 PM

Just a minor "accidental" omission

Explanatory Note:

The sole purpose of this amendment to the Quarterly Report on Form 10-Q for the period ended June 30, 2016 of IMAGING3, INC. (the “Company”) filed with the Securities and Exchange Commission on August 12, 2016 (the “Form 10-Q”) is to furnish information related to the omission of stock based compensation expense associated with the issuance of 29,000,000 shares of common stock for services rendered. In the second quarter of 2016, the Company issued 29,000,000 shares of its common stock with a value of $1,450,000 to two officers and directors of the Company and an additional employee of the Company as compensation for prior services rendered but uncompensated. This amendment now reflects the effects of the aforementioned common stock issuances.

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