Issuance of Common Stock

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Issuance of Common Stock

11. Issuance of Common Stock

In January 2016, the Company issued 330,000 shares of common stock to two third-party consultants in exchange for services rendered.

In January 2016, the Company issued 201,000 shares of common stock to employees for stock-based compensation of $54,270.

In February 2016, the Company issued 90,000 shares of common stock to a third party consultant in consideration for services rendered under a management consulting agreement entered into by the Company in November 2015.

In February 2016, the Company issued 50,000 shares of common stock to a third party consultant in consideration for services rendered under a management consulting agreement entered into by the Company in November 2015.

All shares were fully vested upon issuance.