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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2015
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS
On July 1, 2015, the Company and Elliot Singer entered into a one-year contract whereby Mr. Singer would provide the Company with investor relations services. In connection with the Company's agreement with Mr. Singer, the Company granted Mr. Singer an option to purchase 20,000 shares of the Company's common stock at an exercise price of $1.88 per share with a term of 3 years.

On July 1, 2015, Infinity Capital loaned the Company $20,000 under the terms of the Infinity Note. Immediately following this draw on the Infinity Note, the Company and Infinity Capital mutually agreed to transition the balance of the Infinity Note of $309,000 to a 10% Note. At the time of the conversion, Infinity Capital was issued 10% Warrants to purchase 154,500 shares of the Company's common stock at an exercise price of $1.08 per share with a term of 18 months. After the transition of the outstanding balance of $309,000 to a 10% Note, and from July 2, 2015 through the date of this filing, Infinity Capital has advanced the Company $195,000 under the terms of the Infinity Note.

On July 15, 2015, the Company and Trevor McGarvey entered into a consulting agreement whereby Mr. McGarvey would provide the Company with industry advisory expertise and consulting services. In connection with the Company's agreement with Mr. McGarvey, which continues through February 28, 2016, the Company granted Mr. McGarvey 50,000 shares of the Company's common stock at a price of $1.17 per share. These shares will vest on January 1, 2016.

On July 14, 2015, the Company and Peter Boockvar entered into an Employee Nonstatutory Stock Option Agreement (the “Boockvar Agreement”), pursuant to which Mr. Boockvar will receive options to purchase 150,000 shares of the Company’s common stock at a price of $2.15 per share and a term of 10 years, 50,000 of which vested upon execution of the Boockvar Agreement, and, provided that Mr. Boockvar remains a director of the Company on each date, 50,000 of which will vest on June 26, 2016, and the remaining 50,000 will vest on June 26, 2017.  

On July 29, 2015, the Company entered into a Securities Exchange Agreement (the "Evans Exchange Agreement") with Evans Street Lendco, LLC ("Evans Lendco") to exchange the 600,000 Evans Warrants. Pursuant to the Evans Exchange Agreement, the Company issued 225,000 new warrants to Evans Lendco to purchase shares of the Company's stock at $1.20 per share with a term of 2 years (the "Evans-A Warrants"). With the exception of the new exercise term of 2 years and the new exercise price, the terms of the Evans-A Warrants and the Evans Warrants are identical, in all material respects.

On August 4, 2015, pursuant to the Feinsod Agreement, the Company issued 150,000 shares of common stock to Infinity Capital. Upon executing the Feinsod Agreement on August 4, 2014, the Company expected that Mr. Feinsod would remain a member of the Board through August 4, 2016, and had calculated the fair value of the shares of common stock that the Company expected to issue to Infinity Capital on August 4, 2015 and August 4, 2016.

Subsequent to June 30, 2015, through the date of this filing, one of the January 2014 Issuance note holders converted loan notes with a principal balance of $30,000 into 6,000 shares of the Company’s common stock at a conversion price of $5.00 per share.