Annual report pursuant to Section 13 and 15(d)

NOTE 9. PREFERRED STOCK

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NOTE 9. PREFERRED STOCK
12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
NOTE 9. PREFERRED STOCK

As of December 31, 2017, the Company issued 1,388,575 shares of their Series A Preferred Stock payable to two related parties. Shares of the Series A Preferred Stock are convertible at a 35% discount rate to the average closing price per share of the Company’s common stock (either as listed on a national exchange or as quoted over-the-market) for the last fifteen (15) trading days immediately prior to conversion. However, no conversions of the Series A Preferred Stock to shares of common stock can occur unless the average closing price per share of the Corporation’s common stock (either as listed on a national exchange or as quoted over-the-market) for the last fifteen (15) trading days immediately prior to conversion is at least Five Cents ($0.05). The shares of Series A Preferred Stock vote on an “as converted” basis.