Annual report pursuant to Section 13 and 15(d)

Preferred Stock and Common Stock

v3.2.0.727
Preferred Stock and Common Stock
 12 Months Ended
Mar. 31, 2015
Notes  
Preferred Stock and Common Stock

 

NOTE 7 - PREFERRED STOCK AND COMMON STOCK

 

Preferred Stock

 

As of March 31, 2015 and 2014, no preferred stock has been issued by the Company.

 

Common Stock

 

On July 23, 2014, we issued 400,000 shares of unregistered common stock to Lane Ventures, Inc., a consulting firm, for services rendered in the amount of $120,000.

 

On July 23, 2014 we also agreed to issue 400,000 shares of unregistered common stock to GreenBlock Capital LLC, a consulting firm, for services rendered in the amount of $120,000.  Christopher Spencer, is a principal and member of this consulting firm.

 

On January 1, 2015, we issued 28,000 shares of unregistered common to two employees and 17,000 of unregistered common shares to our CFO for compensation in the amount of $2,700.

 

Warrants

 

The following is a summary of all outstanding warrants as of March 31, 2015:

 

 

 

Number of

warrants

 

Exercise price

per share

 

Average remaining term

in years

 

Aggregate

intrinsic value at

date of grant

Warrants issued in connection with issuance of debentures

 

2,905,000

 

$0.35

 

4.25

 

$731,118