Stockholders' Equity |
3 Months Ended |
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Sep. 30, 2016 | |
| Equity [Abstract] | |
| Stockholders' Equity |
NOTE 13 - STOCKHOLDERS’ EQUITY
During the three months ended September 30, 2016, the Company issued 59,390 shares of common stock for services rendered by officers of the Company. These shares were valued at the fair market value of $356,773.
During the three months ended September 30, 2016, the Company issued 11,250 shares of 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 $57,264.
During the three months ended September 30, 2016, the Company issued 77,954 shares of its common stock to employees pursuant to the terms of their employment agreements valued at $451,419.
During the three months ended September 30, 2016, the Company collected subscription receivable of $180,361 related to the exercise of stock options in previous years.
During the three months ended September 30, 2016, the Company received $96,500 pursuant to a stock option agreement for the exercise of 20,315 shares of common stock at price $4.75 per share. |
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- References No definition available.
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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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