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Stock Issued Under Private Placement Offering (Tables)
9 Months Ended
Sep. 30, 2014
Stock Issued Under Private Placement Offering [Abstract]  
Proceeds from Private Placement

 

The following table summarizes the Series B Preferred Stock shares sold and the gross proceeds received through the private placement offering as of September 30, 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

Period

 

Shares

 

Gross Proceeds

September 26, 2012 - September 30, 2012

 

345 

 

$

345,000 

October 1, 2012 - December 31, 2012

 

4,535 

 

 

4,535,000 

January 1, 2013 - December 31, 2013

 

120 

 

 

120,000 

January 1, 2014 - September 30, 2014

 

 -

 

 

 -

Total

 

5,000 

 

$

5,000,000