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Subsequent Events | 3 Months Ended
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Mar. 31, 2015
Subsequent Events [Abstract] |
Subsequent Events | Note 10 - Subsequent Events On April 8, 2015 the Company entered into a service agreement with an investor relations firm. Per the agreement, the Company will make monthly payments of $7,500 for 12 months and issue 37,963 shares of the Company’s common stock. In April 2015 the Company issued 208 shares of common stock for the exercise of warrants and 140,335 shares to various vendors, consultants and employees as part of their respective agreements. In May 2015, the Company granted an employee options to purchase 200,000 shares of the Company’s common stock with an exercise price of $2.64 per share and a term of 10 years. On May 7, 2015 and effective April 15, 2015, our President and Chief Executive Officer entered into an agreement with the Company. Pursuant to the agreement, the Company agreed to pay to the CEO certain payments, of which $188,846 has been paid. The CEO also agreed to a lock up of 25,000 shares, and the cancellation of 68,000 unvested shares of restricted stock previously granted by the company. The Company also will grant to the CEO 82,128 options exercisable for shares of common stock that will vest based on certain company milestones.

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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. + References No definition available. + Details
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