Common Stock

6 Months Ended

Jun. 30, 2014

Common Stock [Text Block]

10.	Common Stock
	a)	During the six months ended June 30, 2014, the Company issued 268,732 shares of common stock, pursuant to the exercise of stock options, for proceeds of $327,718.

	Shares	Proceeds
Month	Issued	$
January	22,000	24,580
February	67,700	90,041
March	60,000	78,110
April	35,032	44,912
May	84,000	90,075
June	–	–
Total	268,732	327,718

b)	On March 14, 2014, the Company issued 125,000 shares of common stock, pursuant to the exercise of warrants, for proceeds of $200,000.
c)	On March 20, 2014, the Company issued 30,000 shares of common stock with a fair value of $51,000 to a consultant for consulting services. During the six months ended June 30, 2014, the Company recorded the fair value of the shares as general and administrative expenses.
d)	On May 29, 2014, the Company issued 30,000 shares of common stock with a fair value of $48,900 to a consultant for consulting services. During the six months ended June 30, 2014, the Company recorded the fair value of the shares as general and administrative expenses.