M. SUBSEQUENT EVENT |
3 Months Ended |
|---|---|
Mar. 31, 2016 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENT |
Between April 1, 2016 and April 8, 2016, all of the holders, twenty six (26), of the April 8, 2011, Series B preferred stock issuance, submitted warrant exercise forms notifying the Company of their intent to exercise their warrants to purchase an aggregate of 5,211,542 shares of the Companys common stock at $0.13 per share. The warrants were exercised on April 8, 2016. The Company received gross proceeds of $677,500 from the exercise of these warrants. |
| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- 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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