SUBSEQUENT EVENTS |
6 Months Ended |
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Jun. 30, 2015 | |
| SUBSEQUENT EVENTS | |
| SUBSEQUENT EVENTS |
NOTE 10 - SUBSEQUENT EVENTS
Board of Directors
July 19, 2015 the Board of Directors reappointed John B. Payne as a director for a 1 year term. Mr. Payne received warrants to purchase 50,000 shares of common stock at an exercise price of $.09 per share for a term of three years, vested at 12,500 per quarter. The terms of the appointment also includes an annual cash payment of $10,000.
11% Convertible Debt - HEP Investments, LLC
During the period from July 1, 2015 to August 6, 2015, HEP Investments LLC funded an additional loan of $235,000.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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