Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

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Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Contingent Consideration

At the date of this filing, the Company’s investment in TW consists of the following:

 

    Shares     Amount  
Cash paid           $ 500,000  
Common stock issued     12,000,000       1,200,000  
      12,000,000     $ 1,700,000  
Consideration to be paid:                
Cash at closing           $ 1,500,000  
Common stock to be issued at closing     102,000,000       51,000,000  
Note payable due December 31, 2018             1,500,000  
Total contingent consideration     102,000,000     $ 54,000,000  
                 
Total consideration           $ 55,700,000