Purchase Of Assets (Details) - USD ($) |
Dec. 31, 2014 |
Aug. 19, 2013 |
Apr. 15, 2013 |
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Purchase Of Assets | |||
Essex held in senior secured convertible debentures | $ 1,350,000 | ||
Other secured lenders held a total of secured debt | 2,000,000 | ||
Essex paid in the common stock | $ 1,100,000 | ||
Premium amount | 20.00% | ||
Company purchased the Assets from Essex | $ 1,100,000 | ||
Company purchased the Assets from Essex was paid in common stock with the remainder | 801,507 | ||
Company purchased the Assets from Essex was paid in common stock with the remainder in cash | $ 298,493 | ||
Shares of common stock issued | 2,577,565 | ||
Shares of common stock issued value | $ 1,159,904 | ||
Company also incurred an additional transaction costs | 32,884 | ||
Total transaction cost | 1,491,281 | ||
Company valued the furniture and equipment | $ 100,000 | ||
Recorded a loss on abandonment | $ 1,391,281 |
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- Definition Company also incurred an additional transaction costs No definition available.
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- Definition Company purchased the Assets from Essex No definition available.
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- Definition Company purchased the Assets from Essex was paid in common stock with the remainder No definition available.
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- Definition Company purchased the Assets from Essex was paid in common stock with the remainder No definition available.
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- Definition Company valued the furniture and equipment No definition available.
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- Definition Essex held in senior secured convertible debentures No definition available.
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- Definition Essex paid in the common stock No definition available.
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- Definition Other secured lenders held a total of secured debt No definition available.
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- Definition Premium amount No definition available.
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- References No definition available.
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- Definition Recorded a loss on abandonment No definition available.
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- Definition Shares of common stock issued No definition available.
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- Definition Shares of common stock issued value No definition available.
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- Definition Total transaction cost No definition available.
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