Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.4.0.3
Subsequent Events
3 Months Ended
Mar. 31, 2016
Subsequent Events [Abstract]  
Subsequent Events

NOTE 14 – SUBSEQUENT EVENTS

 

The Company evaluated its March 31, 2016, condensed consolidated financial statements for subsequent events through May 11, 2016, the date the condensed consolidated financial statements were available to be issued and noted the following non-recognized events for disclosure.

 

Stock issuance

 

On May 11, 2016, the Company sold securities in a self-directed offering in the aggregate amount of $453,000 at $0.08 per unit. Each unit consisted of 1 share of restricted common stock (5,662,500 shares), a five-year warrant to purchase 1 share of restricted common stock (5,662,500 warrant shares) at $0.08 per share, a five-year warrant to purchase 1 share of restricted common stock (5,662,500 warrant shares) at $0.12 per share, and a five-year warrant to purchase 1 share of restricted common stock (5,662,500 warrant shares) at $0.16 per share.