SUBSEQUENT EVENTS
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3 Months Ended | ||
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Mar. 31, 2015
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Subsequent Events [Abstract] | |||
SUBSEQUENT EVENTS |
On April 2, 2015, the Company entered into a loan agreement with a third party lender for additional borrowings of $200,000. The borrowings bear interest at 12% per annum and are due on demand.
On April 15, 2015, the Company entered into a loan agreement with a third party lender for additional borrowings of $50,000. The borrowings bear interest at 12% per annum and are due on demand.
On April 29, 2015, the Company issued 320,000 shares of common stock in connection with a settlement and release agreement with Art Malone Jr. (see Note 5).
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- Details
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- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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