905,662,789 shares of common stock were issued and outstanding as of November 4, 2016.
995 million authorized.
And that's not even including the following below which haven't been issued yet but are DUE TO THEM.
Stock-based Director Compensation
The Company’s Director compensation policy was instituted in October 2009 and further revised in January 2016, includes provisions
that a portion of director’s fees are to be paid via the issuance of shares of the Company’s common stock, in lieu of cash, with the valuation of
such shares being calculated on quarterly basis and equal to the average closing price of the Company’s common stock.
During the six months ended September 30, 2016, the Company did not issue any shares of common stock to its Directors in payment
of director’s fees.
During the six months ended September 30, 2016, the Company accrued director’s fees totaling $38,361, which will be paid via the
issuance of 154,935 shares of Common Stock.
As of September 30, 2016, the Company owes its Directors a total of 184,680 shares of Common Stock in payment of director fees
totaling $48,033 due and owing. The Company anticipates that these shares of Common Stock will be issued during prior to the end of the
current fiscal year.
Stock-based Employee Compensation
Employment contracts with the Company’s President and Chief Executive Officer, Chief Financial Officer and certain other employees
includes provisions for a portion of each employee’s salaries to be paid via the issuance of shares of the Company’s common stock, in lieu of
cash, with the valuation of such shares being calculated on a quarterly basis and equal to the average closing price of the Company’s common
stock.
During the six months ended September 30, 2016, the Company issued 42,938 shares of common stock a certain employee in payment
of salaries in the aggregate amount of $13,751 for the six months ended September 30, 2016.
During the six months ended September 30, 2016, the Company accrued salaries and fees totaling $422,750 owed to the Company’s
President and Chief Executive Officer, Chief Financial Officer and certain other employees and consultants, which are to be paid via the issuance of
a total of 1,686,808 shares of Common Stock.
As of September 30, 2016, the Company owes its President and Chief Executive Officer, Chief Financial Officer and certain other
employees and consultants, a total of 2,309,547 shares of Common Stock in payment of salaries and fees totaling $624,917 due and owing. The
Company anticipates that these shares of common stock will be issued prior to the end of the current fiscal year.
