NOTE 17 – SUBSEQUENT EVENTS

The Company evaluated its March 31, 2015, condensed consolidated financial statements for subsequent events through May 5, 2015, the date the condensed consolidated financial statements were available to be issued and noted the following non-recognized events for disclosure.

Majority stockholder approval

On April 16, 2015, the majority stockholder of the Company approved an increase in the Company’s 2014 Equity Compensation Plan by 15 million shares.

Stock issuance

In April and May 2015, the Company continued to sell securities in a self-directed offering in the aggregate amount of $210,222 at $0.30 per unit. Each unit consisted of 1 share of restricted common stock (700,738 shares), 2 Class D warrants, each to purchase 1 share of restricted common stock at $0.10 per share, which expire March 31, 2020, and 1 Class E warrant to purchase 3/4 of 1 share of restricted common stock at $0.1667 per share, which expires March 31, 2020. “Most favored nation” rights are available to the purchasers of such units as described in the Subscription Agreement.

Warrant issuance

On April 20, 2015, the Company issued a warrant to a service provider to purchase 50,000 shares of common stock at $0.30 per share, which expires March 31, 2020.

Note conversion

On April 28, 2015, proceeds payable under a promissory note in the principal amount of $30,000 with accrued interest of $222 were used fund the subscription price of securities sold by the Company in a self-directed offering as described above.