Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.8.0.1
Subsequent Events
9 Months Ended
Sep. 30, 2017
Subsequent Events [Abstract]  
Subsequent Events

NOTE 14 – SUBSEQUENT EVENTS

 

The Company evaluated all material events through the date the financials were ready for issuance and noted the following non-recognized events for disclosure.

 

In October 2017, the Company sold securities in a self-directed offering in the aggregate amount of $124,979 at $0.30 per unit. Each $0.30 unit consisted of 1 share of restricted common stock (416,595 shares) and a five-year warrant to purchase 1 share of restricted common stock (416,595 warrant shares) at $0.30 per share.

 

In October 2017, the Company issued 537,791 shares of common stock in connection with the cashless exercise of stock options for 625,000 shares of common stock at $0.06 per share with 87,209 shares of common stock forfeited for the cashless exercise.

 

On November 1, 2017, the Company issued options to purchase 1,000,000 shares of common stock at $0.44 per share to an employee. These shares vest over a four-year period and expire ten years after the date of grant.