XML 24 R14.htm IDEA: XBRL DOCUMENT v3.4.0.3
SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2016
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 10.   SUBSEQUENT EVENTS

 

Settlement of Accrued Stock Payable

 

In April 2016, we issued shares of our common stock related to accrued stock payable, as follows:

 

     
    Number of Shares
IPG Acquisition   400,000
Chiefton Acquisition   80,000
Consulting services   50,000
March 31, 2016   530,000

 

Employee Awards

 

In April 2016, we issued options to employees to purchase 216,650 shares of our common stock at an exercise price of $0.61 per share, with a one year vesting period.

 

Registration Statement on Form S-8

 

In April 2016, we filed a Registration Statement on Form S-8 (the “Registration Statement”), which automatically became effective in May 2016.  The Registration Statement relates to 10,000,000 shares of our common stock, which are issuable pursuant to, or upon exercise of, options that have been granted or may be granted under our Incentive Plan.