Quarterly report pursuant to Section 13 or 15(d)

Consulting agreement

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Consulting agreement
6 Months Ended
Jun. 30, 2014
Notes to Financial Statements  
Note 10 - Consulting agreement

On or about June 5, 2014, the Company entered into a consulting agreement with Uptick Capital LLC, whereby Uptick agreed to advise the Company on (a) formal and informal strategic marketing, financial and business plans, and (b) strategic planning matters, as well as assist in the implementation of short- and long-term planning initiatives to enhance and accelerate the commercialization of the Company’s business objectives in consideration for a fee comprising $1,000 per month, plus $15,000 of restricted stock per month, calculated using the average of the trading prices during the last 3 trading days per calendar month. On June 25, 2014, the Company approved an issuance of 44,118 shares of restricted common stock to Uptick. Those shares were subsequently issued on July 2, 2014.