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. |
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- References No definition available.
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- Definition 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. No definition available.
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