Stock Issuance

6 Months Ended

Jun. 30, 2013

Stock Issuance

NOTE – 9 STOCK ISSUANCE

During the six months ended June 30, 2013, Milestone issued 35,714 units, at $1.40 per unit and raised gross proceeds of $50,000. Each unit consists of one share of common stock and one sixty day option to purchase a share of common stock at $1.40 per share.  Milestone issued 19,831 shares of common stock valued at $23,750 for payment of employee compensation in the six months ended June 30, 2013. Milestone issued 39,129 (13,043 shares to each of the non-employee directors), to the members of the Company’s Board of Directors as partial compensation, (full year is $30,000 per director), for serving on the Board for the 2013-2014 period. The cost of the compensation, for six months, is $45,000 or $1.15 per share. The expense will be amortized over a six month period. Additionally, Milestone issued 40,000 shares of common stock to two independent directors for $29,600 on their exercised stock options, $0.74 per share, and 231,598 shares valued at $295,000 were issued for payment of consulting services and reduction on the account payable balance.