PCS EDVENTURES!.COM, INC. (OTCMKTS:PCSV) Files An 8-K Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
Item 2.03 Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.
On February 1, 2017, the Company entered into a loan transaction
in the amount of $50,000 with PCS Edventures!.com, Inc. Vice
President and Board member, Michael J. Bledsoe. The transaction
involved the issuance of a short term Promissory Note due April
30, 2017, secured by accounts receivable, and bearing 20%
interest at an annualized rate.
Also, on February 3, 2017, the Company entered into a loan
transaction in the amount of $100,000 with Gordon Prairie, an
unrelated party. The transaction involved the issuance of a short
term Promissory Note due April 30, 2017, secured by accounts
receivable, and bearing 20% interest at an annualized rate.
Item 9.01 Financial Statements and Exhibit
| (d) | Exhibit No. | Exhibit Description | |
| 10.1 | Form of Promissory Note | ||
| 10.2 | Form of Promissory Note |
About PCS EDVENTURES!.COM, INC. (OTCMKTS:PCSV)
PCS Edventures!.com, Inc. (PCS) specializes in experiential, hands-on, K12 education and drone technology. PCS has experience and intellectual property (IP) that includes robotics software, hardware, product designs, and K12 content, as well as turn-key lab packages that teach topics of science, technology, engineering, and math (STEM). PCS educational solutions are implemented through the development, marketing and distribution of educational products and services that target the pre-kindergarten through university (PreK-12) market and are marketed through reseller channels, direct sales efforts, and through STEM Learning Centers called Edventures! Labs. The Company’s Thrust UAV drone division is building a distribution and reseller network for the sale of its retail drone products. It serves markets, such as Afterschool, K6, Technical Education, and Parents and Home Educators. It also offers PCS BrickLab system, PCS Academy of Engineering Lab and PCS Discover STEM Lab. PCS EDVENTURES!.COM, INC. (OTCMKTS:PCSV) Recent Trading Information
PCS EDVENTURES!.COM, INC. (OTCMKTS:PCSV) closed its last trading session up +0.0072 at 0.0700 with 18,650 shares trading hands.