Commitments	6 Months Ended
Jun. 30, 2015
Notes to Financial Statements
Note 6. Commitments	On August 1, 2013, the Company engaged Vector to assist the Company with identifying subject matter experts in the medical device and biotechnology industries and to assist the Company with its ongoing research, development and eventual commercialization of its Regeneration Technology (collectively, the “Services”). In consideration of the Services, the Company will pay Vector a monthly consulting fee of $5,000. In connection with the Company’s anticipated Section 510(k) submission of its proprietary SkinGun^TM to the Food and Drug Administration, the Company has engaged StemCell System GmbH (“StemCell Systems”) to provide it with prototypes and related documents. Pursuant to this engagement the Company incurred expenses of $44,910 in the three months ended June 30, 2015. On September 25, 2014, the Company entered into a Charitable Grant Agreement with the University of Pittsburgh (the “University”), pursuant to which the Company committed to provide a charitable donation to the University in the aggregate amount of $75,000 (the “Grant”). The Company will pay the Grant in eight quarterly installments of $9,375, with the first payment made on or before October 2014 and the final payment to be made on or before July 31, 2016. Dr. Gerlach, from whom the Company purchased the SkinGun^TM, is a professor at the University. At June 30, 2015, $37,500 of the amount payable to the University was recorded as current liabilities and $9,375 was recorded as long-term liabilities in the accompanying consolidated balance sheet. See also “Note 7. Related Party Transactions.”

Commitments

6 Months Ended

Jun. 30, 2015

On August 1, 2013, the Company engaged Vector to assist the Company with identifying subject matter experts in the medical device and biotechnology industries and to assist the Company with its ongoing research, development and eventual commercialization of its Regeneration Technology (collectively, the “Services”). In consideration of the Services, the Company will pay Vector a monthly consulting fee of $5,000.

In connection with the Company’s anticipated Section 510(k) submission of its proprietary SkinGun^TM to the Food and Drug Administration, the Company has engaged StemCell System GmbH (“StemCell Systems”) to provide it with prototypes and related documents. Pursuant to this engagement the Company incurred expenses of $44,910 in the three months ended June 30, 2015.

On September 25, 2014, the Company entered into a Charitable Grant Agreement with the University of Pittsburgh (the “University”), pursuant to which the Company committed to provide a charitable donation to the University in the aggregate amount of $75,000 (the “Grant”). The Company will pay the Grant in eight quarterly installments of $9,375, with the first payment made on or before October 2014 and the final payment to be made on or before July 31, 2016. Dr. Gerlach, from whom the Company purchased the SkinGun^TM, is a professor at the University. At June 30, 2015, $37,500 of the amount payable to the University was recorded as current liabilities and $9,375 was recorded as long-term liabilities in the accompanying consolidated balance sheet.

See also “Note 7. Related Party Transactions.”