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7. Subsequent Events
3 Months Ended
Mar. 31, 2017
Subsequent Events [Abstract]  
Subsequent Events

In April 2017, the Company purchased 386,847 shares of its common stock from a director for a cash payment of $10,000. In April 2017, Wytec issued 483,434 shares of Wytec common stock to twelve investors pursuant to the exercise of warrants.

 

In April 2017, Wytec authorized the payment of a cash bonus of $12,796 to its chief executive officer.

 

In May 2017, Wytec issued 75,000 shares of Wytec common stock to two investors pursuant to the exercise of warrants.

 

Through May 3, 2017, Wytec loaned $341,140 to the Company in the form of an unsecured non-interest bearing account.

 

In May 2017, Wytec issued a total of 9,500 warrants to purchase 9,500 shares of Wytec common stock to one unrelated service provider. The warrants are exercisable at a price of $1.50 per share until December 31, 2017.

 

Effective May 3, 2017, Tina Bagley was appointed as a director of the Company and as a director of Wytec.