XML 33 R13.htm IDEA: XBRL DOCUMENT v3.3.0.814
Equity
 9 Months Ended
Sep. 30, 2015
Equity [Abstract]  
Equity

Equity

In May 2014, under an existing shelf registration statement, the Company sold 750,000 shares of common stock to a current institutional shareholder, Kevin Douglas and his related parties. Net proceeds from the offering were $3,278,250 which the Company intends to use for working capital and general corporate purposes. The Company did not sell any additional equity securities during the nine months ended September 30, 2015.

The Company received proceeds of $535,123 and $304,788 during the nine months ended September 30, 2015 and 2014, respectively, in connection with stock issued by the exercise of options and warrants.