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SUBSEQUENT EVENTS
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3 Months Ended |
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Mar. 31, 2013
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| Notes to Financial Statements | |
| Note 14. SUBSEQUENT EVENTS |
During April 2013 the Company sold $20,000 of common stock at $0.16 or 125,000 common shares. The Company also issued 125,000 five year warrants to acquire stock at $0.16 per share.
During April 2013 the Company issued an eight month $250,000 of Senior Secured Convertible note. The Note converts into common stock after six months outstanding based on 62% of the preceding ten day volume weighted price.
On April 23, 2013, the Company entered into a Share Exchange Agreement, dated March 23, 2013, by and among the Company, Edible Garden Corp., a Nevada corporation (Edible Garden), and the holders of common stock of Edible Garden. The share exchange was consummated on April 24, 2013, when Articles of Exchange were filed with the Secretary of State of the State of Nevada. |
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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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