Get Started for Free Contexxia identifies hard-to-find pieces of information in SEC filings. No more highlighters, no more redlining, no more poring over huge documents. eLayaway, Inc. (1422992) 10-Q published on Aug 18, 2014 at 2:46 pm
Reporting Period: Jun 29, 2014
Sergio Pinon, CEO, CFO and Chairman of the Company, is a note holder of the Company (see Note 3). Notes payable of $40,000 and $10,000 was due at June 30, 2014 and December 31, 2013, respectively. At June 30, 2014 and December 31, 2013, the Company had accrued interest of $2,882 and $0, respectively.
On May 2, 2014, the Company issued 10 shares of Series H Preferred Stock to Sergio Pinon in exchange for services. The shares were valued at $0.003.
On or about July 24, 2014, and July 28, 2014, the Company filed with FINRA and the State of Delaware, respectively, to effect a 1 for 200 reverse stock split of the Company’s common stock. As of August 18, 2014, the reverse split has not yet been approved and effected.
Cash provided by our financing activities was $97,839 for the six months ended June 30, 2014, compared to $124,364 during the comparable period in 2013.