XML 30 R17.htm IDEA: XBRL DOCUMENT v3.10.0.1
12. Stockholder's Equity
9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
Stockholder's Equity

Issuance of Common Stock for Payable to Board of Directors

 

During the nine month period ended September 30, 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 three and nine months ended September 30, 2017, the Company accrued $43,750 and $87,500, respectively, in directors’ fees payable that will be paid in common stock.

 

On May 3, 2018, the Board of Directors was issued a total of 739,018 shares of common stock for $175,000 in directors’ fees that were payable at December 31, 2017. In addition during the quarter and nine months ended September 30, 2018, the Company accrued $43,750 and $131,250, respectively, in directors’ fees payable that will be paid in common stock.