SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2015

SUBSEQUENT EVENTS [Abstract]

SUBSEQUENT EVENTS

NOTE 9 – SUBSEQUENT EVENTS

On April 1, 2015, the Company entered into a lease agreement for office furniture. Pursuant to the agreement, the Company will make 36 payments of $896.

On April 1, 2015, the Company amended its capital lease whereby the Company added $2,763 of equipment to the capital lease, which increased the monthly payment to from $481 per month to $565 per month.

On April 9, 2015, the Company granted 213,000 stock options in aggregate to certain employees and consultants.

On April 10, 2015, the Company entered into a consulting agreement with the Brewer Group. Pursuant to the agreement, the Brewer Group will be issued 400,000 shares of common stock of which 100,000 were issued on April 10, 2015, 100,000 shares shall be issued on July 1, 2015, 100,000 shares shall be issued on October 1, 2015, and 100,000 shares shall be issued on January 1, 2016. In addition, the Brewer Group was granted 400,000 stock options with an exercise price of $0.43 per share which will vest on January 1, 2016.

On May 1, 2015, the Company entered into a contractor agreement with a contractor. The Company issued the contractor 10,000 shares of common stock and shall issue the contractor an additional 10,000 shares on or around August 1, 2015. In addition, should this contractor become an employee, he will receive a grant of 50,000 stock options and receive a salary of $166,000 per annum.