Quarterly report pursuant to Section 13 or 15(d)

Stock Based Compensation (Tables)

v3.2.0.727
Stock Based Compensation (Tables)
6 Months Ended
Jun. 30, 2015
Stock Based Compensation [Abstract]  
Shedule of summary of the status of the Company's restricted common shares

    Shares     Weighted 
Average 
Exercise Price
    Weighted 
Average 
Remaining 
Contractual 
Life 
(in Years)
  Aggregate 
Intrinsic 
Value
 
Outstanding at December 31, 2013     -       -              
Granted     1,760,000     $ 0.17              
Exercised     -       -              
Forfeited or expired     -       -              
Outstanding at December 31, 2014     1,760,000     $ 0.17      N/A   $ 246,400  
Granted     -       -              
Exercised     -       -              
Superseded by May 28 Stock Warrants     1,760,000       -              
Outstanding at June 30, 2015                            
                             
Vested at June 30, 2015     -       -      N/A   $ -  

 

Schedule of stock warrants issued in lieu of restricted common stock granted

Date Issued   Exercise
Price
    Number of
Shares
    Expiration
date
                 
May 28, 2015 (Issued in lieu of restricted common stock)   $ 0.11       2,720,000     May 27, 2020
May 28, 2015   $ 0.11       25,000     May 27, 2020
June 16, 2015   $ 0.11       2,000,000     June 15, 2020
                     
Total warrants at June 30, 2015             4,745,000     4.92 years