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SUBSEQUENT EVENTS | 6 Months Ended
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Jun. 30, 2014
Notes to Financial Statements |
Note 14 - SUBSEQUENT EVENTS | In July 2014, the Company issued 100 shares of Series D Preferred Stock to an existing investor for $1,000 per share for an aggregate purchase price of $100,000. For each share of Series D Preferred Stock purchased, two five-year warrants were issued as follows: (i) a Series A Warrant to purchase 2,000 shares of the Company’s common stock; and (ii) a Series B Warrant to purchase 2,000 shares of common stock. On July 15, 2014, the Company granted stock options to purchase an aggregate of 1,100,000 common shares to key employees under the 2012 Incentive Compensation Plan.

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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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