Stock issuance and Executive Compensation(Details) - USD ($) |
3 Months Ended | 6 Months Ended | ||
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Jun. 30, 2015 |
May. 13, 2015 |
Apr. 06, 2015 |
Jun. 30, 2015 |
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Stock issuance Details | ||||
Shares of common stock issued | 970,000 | |||
Value of proceeds received from the issuance | $ 48,500 | |||
The Company also issued shares of common stock were | 384,300 | |||
Share were valued at | $ 38,300 | |||
Number of warrants to purchase shares of common stock | 1,067,500 | |||
Warrants were valued using the Black Scholes model | $ 384,111 | |||
Volatility assumed minimum | 138.60% | |||
Volatility assumed maximum | 143.46% | 143.17% | 150.90% | |
Annual rate of dividends assumed | 0.00% | 0.00% | 0.00% | |
Discount rate assumed minimum | 0.62% | |||
Discount rate assumed maximum | 1.57% | 1.31% | 1.75% | |
Company, quarterly, will issue warrants to Philip M. Rice to purchase shares | 50,000 | |||
Company issued warrants to purchase shares of common stock to Chief Financial officer | 50,000 | 50,000 | ||
Fifty thousand warrants valued at price | $ 3,582 | $ 3,800 |
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- Definition AnnualRateOfDividendsAssumed1 No definition available.
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- Definition Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. No definition available.
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- Definition Company, quarterly, will issue warrants to Philip M. Rice to purchase shares No definition available.
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- Definition Discount rate assumed maximum No definition available.
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- Definition Discount rate assumed maximum No definition available.
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- Definition AnnualRateOfDividendsAssumed1 No definition available.
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- Definition Fifty thousand warrants valued at price No definition available.
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- Definition Number of warrants to purchase shares of common stock No definition available.
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- Definition Share were valued at No definition available.
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- References No definition available.
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- Definition The Company also issued shares of common stock were No definition available.
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- Definition The cash inflow from the additional capital contribution to the entity. No definition available.
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- Definition Volatility assumed maximum No definition available.
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- Definition Volatility assumed minimum No definition available.
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- Definition Warrants were valued using the Black Scholes model No definition available.
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