XML 84 R20.htm IDEA: XBRL DOCUMENT v2.4.1.9
Common Stock
12 Months Ended
Dec. 31, 2014
Common Stock [Abstract]  
Common Stock

14. Common Stock

As partial compensation per an agreement dated May 19, 2011 and extended on June 8, 2012 for consultant work, the Company issued to Monarch Communications, Inc. the following:


On January 8, 2013, 28,571 shares of its common stock valued at $0.14 per share

On February 8, 2013, 26,667 shares of its common stock valued at $0.15 per share.

On March 11, 2013, 21,053 shares of its common stock valued at $0.19 per share.

On April 23, 2013, 25,000 shares of its common stock valued at $0.16 per share.

On May 15, 2013, 25,000 shares of its common stock valued at $0.16 per share.

On June 12, 2013, 28,572 shares of its common stock valued at $0.14 per share.

On July 1, 2013, 28,572 shares of its common stock valued at $0.14 per share.

On August 1, 2013, 25,000 shares of its common stock valued at $0.16 per share.

On September 3, 2013, 23,529 shares of its common stock valued at $0.17 per share

On October 1, 2013, 22,222 shares of its common stock valued at $0.18 per share

On November 5, 2013, 21,053 shares of common stock valued at $0.19 per share

On December 2, 2013, 25,000 shares of common stock valued at $0.16 per share

On January 6, 2014, 28,571 shares of its common stock valued at $0.14 per share

On February 7, 2014, 25,000 shares of its common stock valued at $0.16 per share.

On March 5, 2014, 21,053 shares of its common stock valued at $0.19 per share.

On April 1, 2014, 18,182 shares of its common stock valued at $0.22 per share.

On May 2, 2014, 20,000 shares of its common stock valued at $0.20 per share.

On June 4, 2014, 19,048 shares of its common stock valued at $0.21 per share.

On July 1, 2014, 21,053 shares of its common stock valued at $0.19 per share.

On August 1, 2014, 14,815 shares of its common stock valued at $0.27 per share.

On September 17, 2014, 15,385 shares of its common stock valued at $0.26 per share.


On February 13, 2013 the Company issued 882,353 shares of its common stock valued at $0.17 per share as payment for the note payable in the amount of $150,000 from a stockholder who is also a director. On April 8, 2013 the Company issued 50,656 shares of its common stock valued at $0.18 per share as payment for the interest, in the amount of $9,118, on the $150,000 note payable. On February 4, 2015 the Company received from the abovementioned stockholder who is also a director, a certificate in the amount of 882,353 shares of its common stock valued at $0.17 per share which had been issued in error as payment for the note payable in the amount of $150,000.  The certificate was reissued in the amount of 588,235 in exchange for the note payable in the amount of $100,000 the remaining $50,000 was recorded as a capital contribution in the year ended December 31, 2014. The Company recorded the transaction retroactive to December 31, 2014.  See Notes 10 and 16.