|3 Months Ended|
Jun. 30, 2015
|SUBSEQUENT EVENTS [Text Block]||
NOTE 15 – SUBSEQUENT EVENTS
During the period from July 1, 2015 through July 16, 2015 the Company sold units of our securities at a price of $0.07 per unit. Each unit consists of one share of our common stock and one non-transferable common stock purchase warrant, with each common stock purchase warrant entitling the holder to acquire one additional share of our common stock at a price of $0.10 per share for a period of two years. The Company sold 1,071,429 units during the period ended June 30, 2015 consisting of 1,071,429 shares of common stock and 1,071,429 warrants for $75,000 proceeds.
Between July 1, 2015 and July 16, 2015 the Company entered into $100,000 of Convertible promissory note were convertible into Common stock at $0.07 per share. The Convertible promissory note had an 8% annual interest rate, 1 year term and rights to 1,428,572 warrants with a two year term an exercise price of $0.10 per share.
Between July 16, 2015 and August 11, 2015 1,338,797warrants were exercised in a cashless exercise and 1,457,771 warrants were forfeited.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
No definition available.