Subsequent Events

6 Months Ended

Jun. 30, 2013

Subsequent Events

Subsequent Events

11. Subsequent Events

The Company evaluated events that occurred subsequent to June 30, 2013 through the date the financial statements were available to be issued.

Lease Agreement

In July 2013, the Company entered into a leasing agreement with respect to its corporate offices at 750 Lexington Avenue, New York, New York, for a monthly rent of $50,625.  The term of this lease agreement is 36 months.

Lock-up Agreements

On July 29, 2013, 1,267,428 shares previously restricted under lock-up agreements were released from their respective restrictions. As a result, we have 1,868,978 shares outstanding which remain restricted as a result of securities laws and lock-up agreements.