XML 46 R19.htm IDEA: XBRL DOCUMENT v2.4.0.8
Subsequent Events
3 Months Ended
Sep. 30, 2014
Subsequent Events [Abstract]  
Note 13 - Subsequent Events

In October 2014, the Company issued 1,221,250 common shares upon the conversion of 1,221,250 shares of Series B preferred stock.

 

In October 2014, the Company issued an aggregate of 2,685,555 common shares upon the conversion of 2,685,555 shares of Series C preferred stock.

 

In October 2014, the Company issued 400,000 common shares and warrants to purchase 900,000 common shares to a third party for consulting services. There are 3 tranches of warrants, each comprising of warrants to purchase 300,000 shares, at exercise prices of $0.50, $1,00 and $2.00 per share. The warrants are exercisable immediately and expire on October 27, 2019.