Quarterly report pursuant to Section 13 or 15(d)

Common Stock

v3.7.0.1
Common Stock
 3 Months Ended
Mar. 31, 2017
Common Stock [Abstract]  
Common Stock

10.Common Stock

The following transactions occurred since December 31, 2016:  



Warrant Exercises

During the three months ended March 31, 2017, warrant holders exercised warrants to purchase shares of the Company’s common stock for cash of $2,366,106 and the Company issued 7,543,738 shares. As of March 31, 2017, the Company was due to receive an additional $30,000 from exercised warrants, which was recorded as a stock subscription receivable.



Compensatory Shares

During the three months ended March 31, 2017, the Company issued 75,000 shares to a privately held investor relations firm in exchange for investor relations services.  The aggregate market value of the stock issued was $12,750.