• Filing Date: 2014-08-14
  • Form Type: 10-Q
  • Description: Quarterly report
v2.4.0.8
15. SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2014
Subsequent Events  
15. SUBSEQUENT EVENTS

NOTE 15: SUBSEQUENT EVENTS

 

In July 2014, the Company sold 2,000,000 shares of its Common Stock and five-year warrants to purchase 1,000,000 shares of Common Stock, exercisable at $1.00 per share at an aggregate purchase price of $1,000,000. Exemption from registration is claimed under Section 4(2) of the Securities Act of 1933, as amended.

 

In July 2014, the Company commenced an offering pursuant to which the Company is offering to sell its convertible notes and warrants. The Company has raised $250,000 pursuant to this Offering which is ongoing as of the date of this form 10-Q.

 

The Company recently filed a form 8-k containing a joint press release. In such release Simon Property Group annouced the expansion of our agreement into additional malls.

 

The Company has evaluated all subsequent events through the filing date of this Form 10-Q for appropriate accounting and disclosures.