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Stockholders' Equity
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9 Months Ended |
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Mar. 31, 2015
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| Equity [Abstract] | |
| Stockholders' Equity |
NOTE 12 – STOCKHOLDERS’ EQUITY
During the nine months ended March 31, 2015, the Company issued 152,500 shares of restricted common stock for services rendered by officers of the Company. These shares were valued at the fair market value of $699,000.
During the nine months ended March 31, 2015, the Company issued 41,726 shares of restricted common stock for services rendered by the independent members of the Board of Directors as part of their board compensation. These shares were valued at the fair market value of $173,633.
During the nine months ended March 31, 2015, the Company issued 140,650 shares of its common stock to employees pursuant to the terms of their employment agreements valued at $506,281.
During nine months ended March 31, 2015, the Company received $1,863,000 pursuant to a stock purchase agreement for the purchase of 629,442 restricted shares of common stock at price ranging from $2.85 to $4.10 per share.
During nine months ended March 31, 2015, the Company received $116,400 pursuant to a stock option agreement for the exercise of 30,000 restricted shares of common stock at price of $3.88 per share. |
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- Details
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- Definition
The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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