XML 32 R36.htm IDEA: XBRL DOCUMENT v3.3.0.814
9. EMPLOYEE STOCK OPTION PROGRAM (Details Narrative) - USD ($)
3 Months Ended 6 Months Ended 9 Months Ended
Mar. 31, 2015
Jun. 30, 2015
Sep. 30, 2015
Jul. 30, 2015
Apr. 08, 2015
Feb. 27, 2015
Jun. 04, 2014
Warrants Issued, Shares 342,000     175,000 50,000 100,000  
Warrants, Exercise Price $ 1.00     $ .90 $ .60 $ .50  
Risk-Free Interest 1.00%            
Dividend Yield 0.00%            
Volatility 150.00%            
Expected Life 3 years            
Warrant, Fair Market Value $ 125,708            
Stock Options Forfeited 350,000            
Stock Options Granted   105,000          
Fair Market Value, Options   $ 114,143          
Options, Exercise Price   $ 0.60          
Vincent Tripp Keber              
Warrants Issued, Shares             750,000
Warrants, Exercise Price             $ 0.10
Warrant Expense             $ 73,836
Risk-Free Interest     2.61%        
Dividend Yield     0.00%        
Volatility     150.00%        
Expected Life     10 years        
Warrants Amortized     $ 18,408        
Vesting Terms    

Under the terms of the agreement, 250,000 shares shall begin vesting on October 1, 2014 such that 20,833 shares shall vest on the first of every month except for every three months, when 20,834 shares shall vest. An additional 250,000 shares shall begin vesting the later of: October 1, 2015 or the Company reaching 830,000 users such that 20,833 shares shall vest on the first of every month except for every three months, when 20,834 shares shall vest. An additional 250,000 shares shall vest immediately upon the later of: October 1, 2016 or the Company reaching 1,080,000 users. These warrants were issued in exchange for his services on the Company’s Board of Directors for 3 years. The warrants may be exercised any time after the issuance through and including the tenth (10th) anniversary of its original issuance

       
Ean Seeb              
Risk-Free Interest     2.61%        
Dividend Yield     0.00%        
Volatility     150.00%        
Expected Life     10 years        
Warrants Amortized     $ 18,408        
Vesting Terms    

Under the terms of the agreement, 250,000 shares shall begin vesting on October 1, 2014 such that 20,833 shares shall vest on the first of every month except for every three months, when 20,834 shares shall vest. An additional 250,000 shares shall begin vesting the later of: October 1, 2015 or the Company reaching 830,000 users such that 20,833 shares shall vest on the first of every month except for every three months, when 20,834 shares shall vest. An additional 250,000 shares shall vest immediately upon the later of: October 1, 2016 or the Company reaching 1,080,000 users. These warrants were issued in exchange for his services on the Company’s Board of Directors for 3 years. The warrants may be exercised any time after the issuance through and including the tenth (10th) anniversary of its original issuance.

       
Sebastian Stant              
Risk-Free Interest     2.61%        
Dividend Yield     0.00%        
Volatility     150.00%        
Expected Life     10 years        
Warrants Amortized     $ 12,328        
Vesting Terms    

Under the terms of the agreement, 250,000 shares shall vest immediately upon the company reaching 250,000 users. An additional 150,000 shares shall vest immediately upon the company reaching 500,000 users. An additional 150,000 shares shall vest immediately upon the company reaching 750,000 users. The warrants were issued in exchange for his services as the Company’s Lead Web Developer for 1 year The warrants may be exercised any time after the issuance through and including the tenth (10th) anniversary of its original issuance.