Subsequent Events |
3 Months Ended |
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Mar. 31, 2017 | |
| Subsequent Events [Abstract] | |
| Subsequent Events |
9. Subsequent Events
On April 4, 2017, the Company entered into an agreement with a firm to provide management and general business consulting services. The term of the agreement is 24 months, and the firm will be compensated via the issuance of 1,000,000 shares of common stock. 125,000 shares will vest immediately and the remainder of the shares will vest in seven equal tranches of 125,000 shares every 90 days following the commencement of the agreement. The shares were issued on April 27, 2017. On April 10, 2017, the Company issued 163,676 shares of common stock for the conversion of 1636.77 shares of Series A-1 Preferred. |
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- References No definition available.
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- Definition 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.
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