Preferred stock

The Company is authorized to issue 600,000 shares of preferred stock with no par value. As of September 30, 2018 and December 31, 2017, the Company had 80,000 shares of preferred stock and 160,000 shares of Series B preferred stock issued and outstanding.

Common stock

On May 10, 2018, the Company filed a Certificate of Amendment to its Articles of Incorporation with the Secretary of State of the State of Nevada increasing the total number of shares which the Company is authorized to issue from five hundred twenty five million six hundred thousand (525,600,000) shares to seven hundred fifty million six hundred thousand (750,600,000) shares and increasing the number of authorized shares of common stock from five hundred and twenty five million (525,000,000) shares of common stock, $0.001 par value, to seven hundred and fifty million (750,000,000) shares of common stock.

As of September 30, 2018 and December 31, 2017, the Company had 253,286,285 shares and 244,086,285 shares of common stock issued and outstanding.

During the nine months ended September 30, 2018, the Company issued an aggregate of 1,000,000 shares of its common stock for services rendered valued at $157,410 based on the underlying market value of the common stock at the date of issuance.

During the nine months ended September 30, 2018, the Company issued 1,000,000 shares of its common stock in connection with a distribution agreement previously accrued during the year ended December 31, 2017.

During the nine months ended September 30, 2018, the Company issued an aggregate of 100,000 shares of its common stock in connection with the issuance of promissory notes payable valued at $25,500 based on the underlying market value of the common stock at the date of issuance.

During the nine months ended September 30, 2018, the Company issued an aggregate of 100,000 shares of its common stock in connection with the extension of a promissory note payable valued at $12,000 based on the underlying market value of the common stock at the date of issuance.

During the nine months ended September 30, 2018, the Company issued 7,000,000 shares of its common stock in exchange for proceeds of $1,300,000. Of this amount: (1) the company issued 5,750,000 units of the Company’s securities at a price per unit of $0.20 for total proceeds of $1,150,000 with each unit consisting of one share of the Company’s common stock an a three-year warrant to purchase one share of the Company’s Common Stock at an exercise price of $1.00 per share; and (2) the Company issued 1,250,000 shares of its common stock at a price per share of $0.12 for proceeds of $150,000. and the Company received $100,000 common stock subscriptions for 500,000 shares of its common stock and 500,000 three year warrants with an exercise price of $1.00 per share.