|3 Months Ended|
Mar. 31, 2019
|Subsequent Events [Abstract]|
NOTE 5 - Subsequent Events
In April and May of 2019, the Company granted our CEO and President two options to purchase up to 22,916 shares of our common stock under our 2013 Equity Incentive Plan in connection with his employment arrangement. The options have an exercise price per share equal to $1.47 and $1.50, respectively, and each is fully vested.
On May 7, 2019, the Company closed a private placement offering of equity securities in which it issued 400,000 shares of common stock and warrants to purchase a total of 200,000 shares of common stock resulting in net proceeds of approximately $515,000, after deducting placement agent fees and other offering expenses payable by the Company.
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.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef