Additional Paid In Capital For Shares To Be Issued

9 Months Ended

Sep. 30, 2013

Shares To Be Issued [Abstract]

Additional Paid In Capital For Shares To Be Issued

7. Additional Paid In Capital For Shares To Be Issued

During 2012 the Company sold shares of common stock for cash to investors in a private placement. As of December 31, 2012, there were 2,541,700 shares of common stock remaining to be issued, representing $762,510 in sales to accredited investors. The Company has closed this offering at the end of the first quarter 2013 and subsequently issued the shares of common stock to these investors in the second quarter of 2013. During the third quarter of 2013 the Company sold shares of common stock for cash to investors in another private placement. As of September 30, 2013, there were 8,052,416 shares of common stock to be issued, representing $3,220,967 in sales to accredited investors. The Company closed this offering during September of 2013.