Capital Stock

3 Months Ended

May. 31, 2015

NOTE 11 – CAPITAL STOCK

Common Stock

During the quarter year ending May 31, 2015, the following share-related transactions occurred:

●

10,000,000 common shares were sold to affiliated parties in a private placement at $0.15 per share for net proceeds of $1,500,000.

●

61,700 common shares were issued for consulting services. The shares were valued at $0.28 per share resulting in a value of $17,276, which was expensed in the first quarter.

During the fiscal year ending February 28, 2015, the following share-related transactions occurred:

●

719,040 common shares were issued in connection with the conversion of a prior outstanding note payable in the amount of $251,664.

●

4,334,795 common shares were issued in connection with warrants exercised for proceeds of $1,278,579

●

3,275,489 common shares were sold to unrelated third parties in a private placement at $0.35 per share for net proceeds of $1,146,421.

●

9,820,000 common shares were sold to unrelated third parties in a private placement at $0.25 per share for net proceeds of $2,455,000.

●

1,000,000 common shares were issued in connection with the Preferred stock settlement agreement

●

430,960 common shares were issued in connection with the repurchase of warrants and options

During the fiscal year ending February 28, 2014, the following share-related transactions occurred:

●

385,715 common shares valued at $145,237 were issued in payment of accounts payable.

●

542,500 common shares were issued for consulting services to multiple providers. The shares were valued at various market prices ranging between $0.15 and $0.50 per share. The combined value of the shares was $112,375, all of which was expensed during the fiscal year.

●

300,000 common shares were issued valued at $150,000 in connection with prior equity issuance costs that were owed.

●

312,500 common shares were issued valued at $100,000 in connection with an adjustment in pricing from a previous investment.

●

7,627,875 common shares were issued in connection with warrants exercised for proceeds of $2,712,500.

●

5,000,000 common shares were sold to unrelated third parties in a private placement at $0.45 per share for net proceeds of $2,250,000.

●

565,496 common shares were issued in connection with the conversion of the prior outstanding note payable in the amount of $197,923.

Total common shares issued and outstanding at May 31, 2015 was 72,768,897.

- 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.

+ References

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Reference 15: http://www.xbrl.org/2003/role/presentationRef

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+ Details

XZERES Corp. 10-Q