Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.5.0.2
Subsequent Events
6 Months Ended
Jun. 30, 2016
Subsequent Events [Abstract]  
Subsequent Events

8. SUBSEQUENT EVENTS

 

The Company has the following subsequent events:

 

●  July 15, 2016 – The Company hired Jeff Clayborne as its Chief Financial Officer. Mr. Clayborne is an experienced finance professional with a proven record of driving growth and profit for both Fortune 100 as well as start-up companies. Mr. Clayborne brings with him more than 20 years of experience in all aspects of strategy, finance, business development, negotiation, and accounting. Mr. Clayborne has agreed to accept a nominal cash salary until our company is generating sufficient cash flow as determined by the Company’s CEO, and an allocation of 1,500,000 stock options, 100,000 of which vest immediately and the balance of which vest over 3 years.
   
July 11, 2016 – The Company sold, pursuant to private placement subscription agreements, 1,650,000 of the Company’s common shares at a price of $0.045 per share for gross proceeds of $74,250 to accredited investors.