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Subsequent Events
3 Months Ended
Mar. 31, 2016
Notes to Financial Statements  
Note 7. Subsequent Events

On April 28, 2016, the Company amended the consulting agreement with Patricia Jeanne Riley, its Vice President – Commercial Strategy, whereby effective May 1, 2016, Ms. Riley's monthly fee will be reduced from $5,000 to $1,000 per month, plus $125 per hour for services performed in excess of eight (8) hours per month.

 

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 commercialization efforts for a monthly consulting fee of $5,000. Effective May 1, 2016, the Company amended its consulting agreement with Vector to increase the monthly consulting fee to $6,800.