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12. COMMON STOCK AND WARRANTS TO BE ISSUED
 3 Months Ended
Mar. 31, 2016
Equity [Abstract]  
NOTE 12. COMMON STOCK AND WARRANTS TO BE ISSUED

 As of December 31, 2015, the Company was obligated to issue 202,000 shares of common stock valued at approximately $53,000 primarily to certain vendors and consultants.

 

As of March 31, 2016, the Company was obligated to issue 338,174 shares of common stock valued at approximately $122,000 primarily to certain vendors, consultants and the President of the Company.  In addition, the Company was obligated to issue 300,000 stock warrants to an employee with 100,000 warrants to vest upon issuance, 100,000 to vest April 20, 2017 and 100,000 to vest April 20, 2018.  The estimated fair value of the warrants for the quarter ended March 31, 2016 was $57,000. (See Note 8 – Stock Warrants)