10Q The number of shares of common stock, par value $0.0001 per share, outstanding as of July 30, 2016, was 44,580,479.
NOTE 4 – CONVERTIBLE DEBT
$
422,375 Face Value
$
11,603 Accrued interest
$
222,296 Discount
$
211,682 Net CN payable
$
631,067 Note Derivative Liability
The Company had the following convertible debt outstanding at June 30, 2016:
Lender
Date of
Agreement
Term
(Months)
Annual
Interest Rate
Face Value
Accrued
Interest
Discount
Net Convertible
Note Payable
Note
Derivative
Liability
JMJ Financial #4
3/09/16
12
5.83
%
$
50,000
$
7,223
$
55,556
$
1,667
$
102,964
Adar Bay
3/10/2016
12
8.00
%
45,000
1,105
30,611
15,494
94,635
Union Capital #4
4/12/2016
12
8.00
%
50,000
866
-
50,866
-
Auctus Private Equity Fund
4/27/2016
9
10.00
%
54,250
951
37,213
17,988
129,544
Black Mountain Equities.
5/20/2016
12
8.00
%
51,500
463
-
51,963
-
Rock Capital #2
5/26/2016
12
10.00
%
55,125
529
-
55,654
-
Crown Bridge Partners
6/2/2016
12
8.00
%
53,500
328
44,779
9,049
139,127
Toledo Advisors
6/22/2016
12
10.00
%
63,000
138
54,137
9,001
164,797
