NOTE 5. STOCKHOLDERS' EQUITY |
6 Months Ended |
|---|---|
Jun. 30, 2015 | |
| Stockholders' Equity Note [Abstract] | |
| Stockholders' Equity Note Disclosure [Text Block] |
NOTE 5. STOCKHOLDERS’ EQUITY
Common Stock
During the six months ended June 30, 2015, we issued an aggregate 290,000 shares of common stock in connection with consulting agreements and a financing agreement to assist us in obtaining a line of credit. The shares were valued at $0.30 per share, totaling approximately $85,400, which was recognized as compensation and consulting expense and included in operating, general and administrative expenses in the accompanying condensed consolidated statements of operations. During the three months ended June 30, 2015, an aggregate of 165,000 shares, totaling $47,900, was issued in connection with these agreements. At June 30, 2015, unrecognized expense associated with these agreements totaled $217,500.
Stock Options
We recognized $0 and $62,110 in compensation expense, associated with stock options, in operating, general and administrative expenses in the Statements of Operations for the three months ended June 30, 2015 and 2014, respectively. For the six months ended June 30, 2015 and 2014 we recognized $0 and $134,110 in compensation expense associated with stock options. As of June 30, 2015, there was no additional unamortized stock option compensation expense.
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