Ojai Energetics: Second Summary. Ojai Energetics keeps it simple, offering only two products – CBD infused coconut oil and a 'Super CBD'. Utilizing its proprietary delivery technology, Ojai Energetics' CBD body in less than 60 seconds using Hydrosome encapsulated technology. Summary .. Ojai Energetics produces water-soluble CBD tinctures made with organic hemp. "Our product takes about 30 seconds to begin reaping the benefits, whereas a . 60 servings), or about 82 cents per 10 mg.
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The albarello form, a type of maiolica earthenware jar originally designed to hold apothecaries' ointments and dry drugs, was first made in the Islamic Middle East. It was brought to Italy by Hispano-Moresque traders; the earliest Italian examples were produced in Florence in the 15th century. Iznik pottery , made in western Anatolia , is highly decorated ceramics whose heyday was the late 16th century under the Ottoman sultans.
Iznik vessels were originally made in imitation of Chinese porcelain , which was highly prized. After the conquest of Constantinople in , the Ottoman sultans started a programme of building, which used large quantities of Iznik tiles. The Sultan Ahmed Mosque in Istanbul built —16 alone contains 20, tiles and tiles were used extensively in the Topkapi Palace commenced As a result of this demand, tiles dominated the output of the Iznik potteries.
Scholars are not agreed as to their purpose or cultural significance. Glazed Egyptian faience dates to the third millennium BCE , with painted but unglazed pottery used even earlier during the predynastic Naqada culture. Faience became sophisticated and produced on a large scale, using moulds as well modelling, and later also throwing on the wheel.
Several methods of glazing were developed, but colours remained largely limited to a range in the blue-green spectrum. On the Greek island of Santorini are some of the earliest finds created by the Minoans dating to the third millennium BCE, with the original settlement at Akrotiri dating to the fourth millennium BCE;  excavation work continues at the principal archaeological site of Akrotiri.
Some of the excavated homes contain huge ceramic storage jars known as pithoi. Ancient Greek and Etruscan ceramics are renowned for their figurative painting, especially in the black-figure and red-figure styles. Moulded Greek terracotta figurines , especially those from Tanagra , were small figures, often religious but later including many of everyday genre figures, apparently used purely for decoration. Ancient Roman pottery , such as Samian ware , was rarely as fine, and largely copied shapes from metalwork, but was produced in enormous quantities, and is found all over Europe and the Middle East, and beyond.
Monte Testaccio is a waste mound in Rome made almost entirely of broken amphorae used for transporting and storing liquids and other products. Few vessels of great artistic interest have survived, but there are very many small figures, often incorporated into oil lamps or similar objects, and often with religious or erotic themes or both together — a Roman speciality. The Romans generally did not leave grave goods, the best source of ancient pottery, but even so they do not seem to have had much in the way of luxury pottery, unlike Roman glass , which the elite used with gold or silver tableware.
The more expensive pottery tended to use relief decoration, often moulded, rather than paint. Especially in the Eastern Empire, local traditions continued, hybridizing with Roman styles to varying extents. Tin-glazed pottery, or faience, originated in Iraq in the 9th century, from where it spread to Egypt, Persia and Spain before reaching Italy in the Renaissance , Holland in the 16th century and England , France and other European countries shortly after.
Important regional styles in Europe include: Hispano-Moresque , maiolica , Delftware , and English Delftware. By the High Middle Ages the Hispano-Moresque ware of Al-Andaluz was the most sophisticated pottery being produced in Europe, with elaborate decoration. It introduced tin-glazing to Europe, which was developed in the Italian Renaissance in maiolica.
Tin-glazed pottery was taken up in the Netherlands from the 16th to the 18th centuries, the potters making household, decorative pieces and tiles in vast numbers,  usually with blue painting on a white ground. Dutch potters took tin-glazed pottery to the British Isles, where it was made between about and The development of white, or near white, firing bodies in Europe from the late 18th century, such as Creamware by Josiah Wedgwood and porcelain , reduced the demand for Delftware, faience and majolica.
Today, tin oxide usage in glazes finds limited use in conjunction with other, lower cost opacifying agents, although it is generally restricted to specialist low temperature applications and use by studio potters,   including Picasso who produced pottery using tin glazes.
Within a few decades, porcelain factories sprung up at Nymphenburg in Bavaria and Capodimonte in Naples and many other places, often financed by a local ruler. Soft-paste porcelain was made at Rouen in the s, but the first important production was at St. Cloud , letters-patent being granted in In a patent was taken out on the first bone china , subsequently perfected by Josiah Spode.
Porcelain was ideally suited to the energetic Rococo curves of the day. The products of these early decades of European porcelain are generally the most highly regarded, and expensive. Like other leading modelers, they trained as sculptors and produced models from which moulds were taken. By the end of the 18th century owning porcelain tableware and decorative objects had become obligatory among the prosperous middle-classes of Europe, and there were factories in most countries, many of which are still producing.
As well as tableware, early European porcelain revived the taste for purely decorative figures of people or animals, which had also been a feature of several ancient cultures, often as grave goods. These were still being produced in China as blanc de Chine religious figures, many of which had reached Europe.
European figures were almost entirely secular, and soon brightly and brilliantly painted, often in groups with a modelled setting, and a strong narrative element see picture.
From the 17th century, Stoke-on-Trent in North Staffordshire emerged as a major centre of pottery making. The local presence of abundant supplies of coal and suitable clay for earthenware production led to the early but at first limited development of the local pottery industry.
The construction of the Trent and Mersey Canal allowed the easy transportation of china clay from Cornwall together with other materials and facilitated the production of creamware and bone china. Other production centres had a lead in the production of high quality wares but the preeminence of North Staffordshire was brought about by methodical and detailed research and a willingness to experiment carried out over many years, initially by one man, Josiah Wedgwood.
His lead was followed by other local potters, scientists and engineers. Wedgwood is credited with the industrialization of the manufacture of pottery. His work was of very high quality: His unique glazes began to distinguish his wares from anything else on the market. His matt finish jasperware in two colours was highly suitable for the Neoclassicism of the end of the century, imitating the effects of Ancient Roman carved gemstone cameos like the Gemma Augustea , or the cameo glass Portland Vase , of which Wedgwood produced copies.
He also is credited with perfecting transfer-printing , first developed in England about By the end of the century this had largely replaced hand-painting for complex designs, except at the luxury end of the market, and the vast majority of the world's decorated pottery uses versions of the technique to the present day.
The perfecting of underglaze transfer printing is widely credited to Josiah Spode the first. The process had been used as a development from the processes used in book printing, and early paper quality made a very refined detail in the design incapable of reproduction, so early print patterns were rather lacking in subtltey of tonal variation. The development of machine made thinner printing papers around allowed the engravers to use a much wider variety of tonal techniques which became capable of being reproduced on the ware, much more successfully.
Far from perfecting underglaze print Wedgwood was persuaded by his painters not to adopt underglaze printing until it became evident that Mr Spode was taking away his business through competitive pricing for a much more heavily decorated high quality product. Studio pottery is made by artists working alone or in small groups, producing unique items or short runs, typically with all stages of manufacture carried out by one individual.
Bernard Leach — established a style of pottery influenced by Far-Eastern and medieval English forms. After briefly experimenting with earthenware, he turned to stoneware fired to high temperatures in large oil- or wood-burning kilns. This style dominated British studio pottery in the midth-century. The Austrian refugee Lucie Rie — has been regarded as essentially a modernist who experimented with new glaze effects on often brightly coloured bowls and bottles.
Hans Coper — produced non-functional, sculptural and unglazed pieces. After the Second World War, studio pottery in Britain was encouraged by the wartime ban on decorating manufactured pottery and the modernist spirit of the Festival of Britain. The simple, functional designs chimed in with the modernist ethos. Several potteries were formed in response to this fifties boom, and this style of studio pottery remained popular into the nineteen-seventies.
Fritsch was one of a group of outstanding ceramicists who emerged from the Royal College of Art at that time. Fritschs' ceramic vessels broke away from traditional methods and she developed a hand built flattened coil technique in stoneware smoothed and refined into accurately profiled forms.
They are then hand painted with dry matt slips, in colours unusual for ceramics. In a pottery was founded in Vienna. An important collection of antique porcelain is preserved in the Russian Museum of Ceramics. The people in North, Central, and South America continents had a wide variety of pottery traditions before Europeans arrived.
Some archaeologists believe that ceramics know-how found its way by sea to Mesoamerica , the second great cradle of civilization in the Americas. During the same period, another culture developed on the southern coast of Peru, in the area called Paracas.
In the early stage of Nazca ceramics, potters painted realistic characters and landscapes. The Maya were relative latecomers to ceramic development, as their ceramic arts flourished in the Maya Classic Period , or the 2nd to 10th century. One important site in southern Belize is known as Lubaantun , that boasts particularly detailed and prolific works. As evidence of the extent to which these ceramic art works were prized, many specimens traced to Lubaantun have been found at distant Maya sites in Honduras and Guatemala.
Nampeyo  and her relatives created pottery that became highly sought after beginning in the early 20th century. Pueblo tribes in the state of New Mexico have styles distinctive to each of the various pueblos villages.
Some of the renowned artists of Pueblo pottery include: In the early 20th century Martinez and her husband Julian rediscovered the method of creating traditional San Ildefonso Pueblo Black-on Black pottery.
Mexican ceramics are an ancient tradition. Precolumbian potters built up their wares with pinching, coiling, or hammer-an-anvil methods and, instead of using glaze, burnished their pots. There is a strong tradition of studio artists working in ceramics in the United States. It had a period of growth in the s and continues to present times. Many fine art, craft, and contemporary art museums have pieces in their permanent collections.
Beatrice Wood was an American artist and studio potter located in Ojai, California. She developed a unique form of luster-glaze technique, and was active from the s to her death in at years old. Robert Arneson created larger sculptural work, in an abstracted representational style. There are ceramics arts departments at many colleges, universities, and fine arts institutes in the United States.
Pottery in Sub-Saharan Africa is traditionally made by coiling and is fired at low temperature. The figurines of the ancient Nok culture , whose function remains unclear, are an example of high-quality figural work, found in many cultures, such as the Benin of Nigeria. Ladi Kwali , a Nigerian potter who worked in the Gwari tradition, made large pots decorated with incised patterns.
Her work is an interesting hybrid of traditional African with western studio pottery. Magdalene Odundo is a Kenyan -born British studio potter whose ceramics are hand built and burnished. A ceramics museum is a museum wholly or largely devoted to ceramics , normally ceramic artworks, whose collections may include glass and enamel as well, but will usually concentrate on pottery , including porcelain.
Most national ceramics collections are in a more general museum covering all the arts , or just the decorative arts , but there are a number of specialized ceramics museums, some concentrating on the production of just one country, region or manufacturer. Others have international collections, which may concentrate on ceramics from Europe or East Asia, or have global coverage.
In Asian and Islamic countries ceramics are usually a strong feature of general and national museums. Outstanding major ceramics collections in general museums include The Palace Museum, Beijing , with , pieces,  and the National Palace Museum in Taipei city , Taiwan 25, pieces ;  both are mostly derived from the Chinese Imperial collection, and are almost entirely of pieces from China.
A funerary urn in the shape of a "bat god" or a jaguar, from Oaxaca , Mexico, dated to — CE. From Wikipedia, the free encyclopedia. Earthenware , Stoneware , Porcelain , and Bone china. Korean pottery and porcelain. American potters and Face jug. Arts portal History portal. Archived from the original on 2 June Retrieved 5 January Materials, Design, Construction and Maintenance. Trans Tech Publications , Switzerland,, p.
Retrieved 19 March As with stoneware, the body becomes vitrified; which means the body fuses, becomes nonabsorbent, and very strong.
Unlike stoneware, china becomes very white and translucent. China and Glass in America, — Proceedings of the National Academy of Sciences. Archived from the original on 2 January Retrieved 2 January The New Standard Guide. Thames and Hudson, London. The Genius of China: Islamic influences on glass and ceramics of the Italian Renaissance , Getty Publications, p.
Archived from the original on 3 March Retrieved 2 August New Looks at Old Pots: Annual on Islamic Art and Architecture. Mason , p. The Dolni Vestonice Ceramics".
Orientalism in Early Modern France. Cultures of porcelain in world history. University of California Press, p. Part 12 Ceramic Technology. Cambridge University Press, p.
The Rise and Success". Archived from the original on 24 November New name for an old people". Retrieved 12 May Ceramic art at Wikipedia's sister projects. Glossary of pottery terms. The beginning line will be roasted hemp seeds. Then we will create hemp insfused granola versions. This product will be a package of crispy and thin hemp seed bars Similar to Bark Thins. They will come in a variety of flavors, with the base always being high-quality hemp seeds and chocolate, with different superfood mixed in.
The name Hemp Hunks is in the process of being trademarked. We are working on our Protein blend right now that will feature Hemp protein as the main ingredient, and will then mix that and our Hemp Milks to create fantastic RTD protein drinks. What we can do to test the market for a product like this, is to take a look at the types of consumer that would be looking for our solution.
The number of diets trends in America continues to grow, and hemp is the perfect solution for many of them. Global Industries Analyst Report GIA , states that the global market for foods developed for individuals with allergies or intolerances is expected to grow to Food allergies and intolerances are a growing public health problem causing higher demand of products that meet special dietary requirements.
Hemp is not only attractive to those with food allergens; individuals who follow a strict diet for any reason will be extremely attracted to hemp. Some of the more popular lifestyle diets include:. Hemp based foods can be consumed by anyone in these segments. The estimated total retail value of hemp products sold in the U.
Everyone can consume our hemp-based foods, but it is never smart to market a product that way. In this study they broke down this new category of health CPG consumers into several segments. Their main concern is to keep a healthy body. They specifically shop at places that carry mostly organic and environmentally friendly products; most of them have graduate school degrees and average 57 years of age.
By taking these two groups we can highlight some main characteristics of our target consumer:. In the market we are going to occupy, we face four major competitors:.
Our new brand offers a new take on hemp products. While these are very successful brands, they do not stray away from the same old health food positioning. Humbly Hemp will be approachable by every demographic. Our branding and market position will be far more exciting than any other competitor.
By aligning ourselves with hemp producers and manufactures we will be able to focus more on marketing and promotion side of the business. We will not have to worry about the overhead of a manufacturing facility.
Our online store will allow us to reach every household in America at a competitive price, and our private label approach will give us the ability to offer a wide range of product lines.
Our connections within the hemp, and CPG industry will create the opportunity for co-branding. We will be an early mover in this category. In the startup phase, we will utilize growth hacking to launch our brand. We will promote through all social media channels to build brand awareness for our initial products. The first of these attempts will be sending products to popular Bloggers, Vlogers, and social media celebrities, for promotion on their channels.
These techniques cost very little, and are extremely effective for Internet businesses. We will tailor an online marketing campaign to attract the two market segments mentioned earlier in the target market segment. This position will assure that we are promoting to the most viable group of consumers. We will take a strategy similar to that of Herschel Supply Co. They have been doing the same Instagram campaign since day one.
Welltraveled is the theme of their profile. They feature beautiful travel pictures from all over the world. This fits with the bag companies theme of beautiful modern travel bags and accessories. Our campaign will revolver around LiveHumbly our trademark slogan.
We will only show beautifully edits photography shots of an outstretched hand holding different flavors of our bars, in different cool spots, Beaches, Gyms, Coffee Shops, Offices. This will follow up that our brand is meant to be enjoyed anywhere anytime. We will post one picture every day, year round. The Key to twitter is communication. This will be the key to success on this social channel.
The best twitter accounts today are ones that do not broadcast to the consumer, but engage the consumer with interesting content in the form of:. Facebook has gone from being a publishing channel for brands, to now a landing page of brand identity. We will utilize Facebook as a cornerstone of our online identity.
To achieve this we will:. We will have Quarterly Social Media Channel contests that span from our website to every single channel we have. These will range from, Photo contest, video contests, cooking contests, etc. These types of contests really boosts followership, sharing and all drive traffic directly back to the landing page.
They are relatively cheap and the prizes we will give away consist of actual product, lifestyle related products, and company marketing materials. We will use Hootsuite to posts, and also analyze all of the social media channels. They are the industry leaders in the field, and it is an application that we have previous knowledge in.
Once we have scaled, and doing business with the big box retailers, we will use more traditional marketing techniques including; in store promotions, trade shows, festival, and Brand Ambassador Programs.
We will begin this during the second Quarter of our initial year by hiring two college students located in Los Angeles. We will quickly expand this program and have 2 students in each state we launch into. This will allow us to get our key demographic engaged in the products on campus, creating lifelong fans of Humbly Hemp. The most important factor in the marketing of our products will be consumer education on the benefits of hemp.
We will use a page in our website to promote this, and in our growth we will focus on this more and more. In the future we will work on doing some co-branding with Hemp associations, Non Profit Groups that share our goals in keeping people and our planet healthy. Our partnership with Statewide distribution will give us a leg up on the competition out of the gate. The ability to get our products into so many stores in Southern California is a huge win for Humbly Hemp. We will focus on Southern California and scale our growth from there.
Our website will be extremely easy to use, and the process of making a purchase will be seamless. We are working with the best website designers to ensure that our marketplace is both beautiful and functional. The number of online health food stores and especially health food subscription boxes is growing every day.
They are always looking for quality products to stock their stores and monthly boxes. We will be targeting them to feature all Humbly Hemp products.
Under the agreement, Bar One has been contracted to develop our Humbly Hemp Snack Bar and to handle fulfillment of our product orders through a third party manufacturer. We are currently seeking arrangements with distributors for our products and do not have any distribution agreements in place at this time. Upon receipt of initial product samples from Bar One, we intend to actively market our Humbly Hemp Snack Bar to distributors.
We lease our corporate headquarters at W. Our initial lease period runs until February 28, The property is sufficient for our current business size. We are not currently party to any material legal proceedings. The following tables set forth the range of high and low prices for our common stock for the each of the periods indicated as reported by the OTC Markets quotation system.
These quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not necessarily represent actual transactions. The SEC has adopted rules that regulate broker-dealer practices in connection with transactions in penny stocks. The penny stock rules require a broker-dealer, prior to a transaction in a penny stock, to deliver a standardized risk disclosure document prepared by the SEC, that: These disclosure requirements may have the effect of reducing the trading activity for our common stock.
Therefore, stockholders may have difficulty selling our securities. As of June 28, , we had 52,, shares of our common stock issued and outstanding, held by 89 shareholders of record.
There are no restrictions in our articles of incorporation or bylaws that prevent us from declaring dividends. The Nevada Revised Statutes, however, do prohibit us from declaring dividends where after giving effect to the distribution of the dividend:. We have not declared any dividends and we do not plan to declare any dividends in the foreseeable future.
A smaller reporting company is not required to provide the information required by this Item. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements.
Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse affect on our operations and future prospects on a consolidated basis include, but are not limited to: These risks and uncertainties should also be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.
Our expenses increased during the year ended March 31, , as compared to the prior year, largely as a result of our new focus on the development and marketing of a new line of healthy hemp-based snack foods. As we continue with the development and marketing of our new health food and planned bottled water products, we expect that our expenses, as well as our revenues, will increase significantly over the current fiscal year.
In connection with our acquisition of the Humbly Hemp business, we assumed outstanding Convertible Promissory Notes issued by Humbly Hemp, and agreed that the notes shall be convertible to our common stock at the same prices, and on the same terms and conditions, as set forth therein.
The Convertible Promissory Notes assumed were as follows:. We do not have any formal commitments or arrangements for the sales of stock or the advancement or loan of funds at this time.
There can be no assurance that such additional financing will be available to us on acceptable terms, or at all. To date, we have not been able to produce sufficient sales to become cash flow positive and profitable on a consistent basis. For these reasons, our auditor has raised substantial doubt about our ability to continue as a going concern. We do not believe that the following accounting policies currently fit this definition.
Inventories are stated at the lower of cost average cost or market net realizable value. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.
Actual results could differ from those estimates. The Company tests for impairment losses on long-lived assets used in operations whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable.
Recoverability of an asset to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted cash flows expected to be generated by the asset. If such asset is considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds its fair value. Actual useful lives and cash flows could be different from those estimated by management which could have a material effect on our reporting results and financial positions.
Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values and third-party independent appraisals, as considered necessary. Through March 31, and , the Company had not experienced impairment losses on its long-lived assets. Under SAB , four conditions must be met before revenue can be recognized: The Company is subject to income taxes in the U. Significant judgment is required in evaluating our uncertain tax positions and determining our provision for income taxes.
Deferred income taxes are recognized for all significant temporary differences between tax and financial statements bases of assets and liabilities. Valuation allowances are established against net deferred tax assets when it is more likely than not that some portion or all of the deferred tax asset will not be realized. The Company applies the provisions of accounting guidance, FASB Topic ASC that requires all entities to disclose the fair value of financial instruments, both assets and liabilities recognized and not recognized on the balance sheet, for which it is practicable to estimate fair value, and defines fair value of a financial instrument as the amount at which the instrument could be exchanged in a current transaction between willing parties.
As of March 31, and March 31, the fair value of cash and accounts payable, approximated carrying value due to the short maturity of the instruments, quoted market prices or interest rates which fluctuate with market rates.
Applicable GAAP requires companies to bifurcate conversion options from their host instruments and account for them as free standing derivative financial instruments according to certain criteria. The criteria include circumstances in which a the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, b the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under other GAAP with changes in fair value reported in earnings as they occur and c a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument.
The Company accounts for convertible instruments when it has been determined that the embedded conversion options should not be bifurcated from their host instruments as follows: The Company records when necessary, discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note.
Debt discounts under these arrangements are amortized over the term of the related debt to their stated date of redemption. Our management has considered all recent accounting pronouncements issued since the last audit of our financial statements. Our management believes that these recent pronouncements will not have a material effect on our financial statements. We have audited the accompanying balance sheets of HealthTalk Live, Inc. Our responsibility is to express an opinion on these financial statements based on our audits.
Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Accordingly, we express no such opinion.
An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of HealthTalk Live, Inc.
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company has minimal revenues, has incurred recurring losses and recurring negative cash flow from operating activities, and has an accumulated deficit which raises substantial doubt about its ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.
We have audited the accompanying balance sheet of HealthTalk Live, Inc. Our responsibility is to express an opinion on the financial statements based on our audit.
The Company is not required to have, nor were we engaged to perform an audit of its internal controls over financial reporting.
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.
We believe that our audit provides a reasonable basis for our opinion. These conditions, among others, raise substantial doubt about its ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts to the amount and classification of liabilities that might result should the Company be unable to continue as a going concern. Adjustments to reconcile net loss to net cash used in operating activities.
Accounts payable assigned to former officers and directors. Since inception, the website HealthTalkLive. With its soon-to-be-launched real-time interactive website, HealthTalkLive. In partnership with naturopathic practitioners, dieticians and medical doctors, HealthTalkLive. Information is disseminated through the live chat forum, reference center, news, E-newsletters and email. Effective September 9, , our former majority shareholders Johnie M.
Yawn and Vicki L. The purchase price was paid by Mr. The Note is due in full on or before December 9, and bears no interest except in case of default. As a result of this transaction, a change in control of the company has occurred, and Mr. In connection with the change in control, Mr. Crawford was appointed as our new sole officer and director. In the event of Mr. Yawn would be entitled to foreclose on the shares purchased pursuant to the terms of the Pledge.
There are no other arrangements known to the company, the operation of which may, at a subsequent date, result in a change in control of the registrant. Humbly Hemp is a start-up company planning to offer a line of energy and snack bars featuring all-natural hemp and other healthy ingredients.
Going forward, we intend to continue developing the business of Humbly Hemp, as well as our existing line of business. In addition, pursuant to the terms and conditions of the Merger Agreement:. Upon the closing of the share exchange with the Company and Humbly Hemp, Humbly Hemp will become a wholly owned subsidiary of the Company. The acquisition will be treated as a business combination.
However, since Humbly Hemp was owned and controlled by Daniel Crawford, an officer and director of the Company, the assets will not be adjusted to fair value and will carry over as book value. The Company may be subject to segment reporting in accordance with ASC in future filings. The Company considers all highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents.
Property and equipment are stated at cost. Depreciation is provided by the straight-line method over the useful lives of the related assets, from three to five years.
Expenditures for minor enhancements and maintenance are expensed as incurred. Fair Value of Financial Instruments continued. The accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business.
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