XML 30 R17.htm IDEA: XBRL DOCUMENT v3.7.0.1
12. Stockholder's Equity
3 Months Ended
Mar. 31, 2017
Equity [Abstract]  
Stockholder's Equity

Issuance of Common Stock for Payable to Board of Directors

 

During the quarter ended March 31, 2016, the Board of Directors was issued a total of 550,000 shares of common stock for $137,500 in directors’ fees that were payable at December 31, 2015. In addition during the quarter, the Company accrued $37,500 in directors’ fees payable that will be paid in common stock.

 

During the quarter ended March 31, 2017, the Board of Directors was issued a total of 421,875 shares of common stock for $168,750 in directors’ fees that were payable at December 31, 2016. In addition during the quarter, the Company accrued $43,750 in directors’ fees payable that will be paid in common stock.