Stockholders' Equity

6 Months Ended

Jun. 30, 2015

Notes to Financial Statements

Note 6. Stockholders' Equity

Common Stock 

On January 12, 2015, the Company sold 200,000 common shares for $100,000, or $0.50 per share, to an entity controlled by certain officers and directors of the Company. 

In March 2015, the Company began selling shares of its common stock at $0.50 per share in private offerings with the intent of raising up to $2,000,000 from these private offerings. As of June 30, 2015, the Company sold an aggregate of 180,000 common shares for aggregate proceeds of $90,000, or $0.50 per share, through these private offerings. 

Stock Options

A summary of the Company’s stock option activity during the six months ended June 30, 2015 is presented below: 

	No. of Shares		Weighted Average Exercise Price		Weighted Average  Remaining  Contractual  Term		Aggregate Intrinsic Value
Balance outstanding at December 31, 2014		11,628	$	9.98
Granted		-
Exercised		-
Forfeited		-
Expired		-
Balance outstanding at June 30, 2015		11,628	$	9.98		1.5	$	-
Exercisable at June 30, 2015		11,628	$	9.98		1.5	$	-