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DEBT (Tables)
9 Months Ended
Sep. 30, 2014
DEBT  
Schedule of shares issued of common stock for settlement of interest, commitment fees and the establishment fee

 

 

 

Amount ($)

 

Shares of
common stock
issued

 

VWAP

 

Date of issuance

 

 

 

 

 

 

 

 

 

 

 

Establishment fee

 

$

300,000 

 

117,188 

 

$

2.5600 

 

February 4, 2014

 

Q4 2013 Interest payment and commitment fee

 

63,083 

 

21,218 

 

$

2.9731 

 

February 4, 2014

 

Q1 2014 Interest payment and commitment fee

 

138,167 

 

45,737 

 

$

3.0209 

 

April 10, 2014

 

Q2 2014 Interest payment and commitment fee

 

175,159 

 

69,233 

 

$

2.6561 

 

July 25, 2014

 

Q3 2014 Interest payment

 

200,000 

 

72,477 

 

$

2.7595 

 

October 2, 2014

 

Total

 

$

876,409 

 

325,853