Annual report pursuant to Section 13 and 15(d)

Asset Purchase Agreement (Details)

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Asset Purchase Agreement (Details) (USD $)
Apr. 14, 2013
Asset Purchase Agreement  
Essex held in senior secured convertible debentures and secured convertible debentures in Wellness Indicators, Inc $ 1,350,000
Essex, along with other secured lenders held a total of secured debt 2,000,000
Upon the foreclosure and acquisition of all right , the Company purchased the Assets from Essex for a price 1,100,000
Purchase price paid in Common stock 801,507
Purchase price paid in cash 298,493
Based on the current market price of the stock at the time of issuance, the Company recorded the issue of shares 2,577,565
Based on the current market price of the stock at the time of issuance value of shares recorded 1,159,904
The Company also incurred an additional amount in transaction costs 32,884
Total amount of transaction costs incurred 1,491,281
The Company acquired furniture and equipment with a value 100,000
The Company acquired patent applications pending with a value $ 1,391,281