Redeemable Convertible Preferred Stock (Tables)

9 Months Ended

Sep. 30, 2015

Redeemable Convertible Preferred Stock

Schedule of Conversions of Series B Preferred to Common Stock

The following table summarizes the conversions of Series B shares to common stock pursuant to Series B shareholder elections during the nine months ended September 30, 2015:

					Amount
					Reclassified
	Series B		Common		from Liability
Conversion	Shares		Stock		into Stockholders'
Date	Converted		Issued		Equity (1)
April 8, 2015		107,100		21,420	$	219,000
May 4, 2015		23,587		4,717		36,000
May 11, 2015		250,000		50,000		381,000
July 16, 2015		262,500		52,500		318,000
August 13, 2015		500,000		100,000		542,000
Totals		1,143,187		228,637	$	1,496,000