|6 Months Ended|
Jun. 30, 2017
|Subsequent Events [Abstract]|
NOTE 14 – SUBSEQUENT EVENTS
The Company evaluated its June 30, 2017, condensed consolidated financial statements for subsequent events through August 11, 2017, the date the consolidated financial statements were available to be issued and noted the following non-recognized events for disclosure.
In July and August 2017 (through August 11, 2017), the Company sold securities in a self-directed offering in the aggregate amount of $548,000 at $0.12 per unit. Each unit consisted of 1 share of restricted common stock (4,566,663 shares) and a five-year warrant to purchase 1 share of restricted common stock (4,566,663 warrant shares) at $0.12 per share.
On August 8, 2017, the Company granted 100,000 shares of restricted common stock to a service provider. These shares are subject to a risk of forfeiture. Twenty five percent (25%) of the shares vested immediately upon issuance, and twenty-five percent (25%) of the shares vest at the end of each calendar quarter thereafter.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/presentationRef