Securities Transactions

3 Months Ended

Mar. 31, 2016

Securities Financing Transactions [Abstract]

Securities Transactions

Securities Transactions.

(a)    During the three months ended March 31, 2016, the Company issued an aggregate of 22,223 shares of restricted common stock, par value $.01, valued and recorded in the aggregate at $8,412 for advisory and consulting services.

(b)    During the three months ended March 31, 2016, the Company issued an aggregate of 305,352 shares of restricted common stock, par value $.01, valued and recorded in the aggregate at $183,212 and classified as interest expense – related party pursuant to a guaranty made in connection with a financing.

(c)    During the three months ended March 31, 2016, the Company issued 25,000 shares of common stock, par value $.01, valued and recorded at $16,000 for a stock bonus.