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Subsequent Events | 6 Months Ended
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Jun. 30, 2016
Subsequent Events |
Subsequent Events | NOTE 5 – Subsequent Events The Company has evaluated subsequent events from the balance sheet date through the date the financial statements were issued and determined there are the following items to disclose: On July 18, 2016, the Company issued 4,167 shares of common stock to a consultant for services rendered, valued at $12,500 or $3.00 per share. On July 22, 2016, the Company granted to six employees stock options to purchase an aggregate of 115,500 shares of Company common stock, at an exercise price equal to $2.96 per share, which was the closing market price of the Company's common stock on July 22, 2016 (i.e., the date of grant), subject to time-based vesting restrictions. The options have five year terms and were granted under the 2013 Plan. On July 22, 2016, the Company issued 31,000 shares of common stock, subject to restrictions, to a new employee. The shares were valued at $2.96 per share, or $91,760. On July 28, 2016, the Company filed a Registration Statement on Form S-1 with the SEC. The Company may offer and sell up to $23,250,000 of securities pursuant to the Registration Statement, including (i) units consisting of shares of the Company's common stock and warrants to purchase shares of the Company’s common stock and (ii) shares of the Company’s common stock that are issued upon exercise of the warrants.

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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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