9. Common Stock

9 Months Ended

May. 31, 2015

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

9. Common Stock

During the nine months ended May 31, 2015, the Company issued 11,500,000 shares of common stock for conversion of Convertible Notes Payable in the amount of $575,000. See Note 9.

On September 15, 2014 the Company issued 25,000,000 in restricted stock to employees and advisory board members. This stock vests annually over 2 years. On February 10, 2015 the Company had an employee terminate their relationship with the Company and 2,000,000 shares of the restricted stock were forfeited due to lack of vesting. The remaining 23,000,000 restricted shares were forfeited on May 8, 2015 due to the advisory board dissolving and employees terminating employment with the Company. The cost associated with the restricted stock valued was therefore reversed due to pre-vesting forfeiture. These forfeitures resulted in a reversal of $303,808 of fair value compensation expense for the period ended May 31, 2015.

The Company settled a cash advance debt in the amount of $100,000 of principle and $15,000 of interest on January 19, 2015 for 2,300,000 shares of common stock.

On April 15, 2015 the Company issued 15,000,000 shares to purchase intellectual property from Trendabl, Inc.

During the nine months, ended May 31, 2015 the Company has issued shares of common stock as a result of the conversion of convertible note payable, advance settlements and asset purchases as detailed in the following table:

Date	Amount Converted		Common Shares Issued
November 5, 2014		575,000		11,500,000
January 19, 2015		115,000		2,300,000
April 15, 2015		—		15,000,000
Total	$	690,000		28,800,000

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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+ Details

MyGO Games Holding Co. 10-Q