|
Stockholders' Equity
|
6 Months Ended |
|---|---|
|
Dec. 31, 2014
|
|
| Equity [Abstract] | |
| Stockholders' Equity |
NOTE 12 – STOCKHOLDERS’ EQUITY
Share-Based Payment Transactions
During the six months ended December 31, 2014, the Company issued 52,500 shares of restricted common stock for services rendered by officers of the Company. These shares were valued at the fair market value of $305,700.
During the six months ended December 31, 2014, the Company issued 11,726 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 $57,233.
During the six months ended December 31, 2014, the Company issued 49,613 shares of its common stock to employees pursuant to the terms of their employment agreements valued at $199,528.
During six months ended December 31, 2014, the Company received $1,280,000 pursuant to a stock purchase agreement for the purchase of 449,122 restricted shares of common stock at $2.85 per share. The company also received $330,000 pursuant to stock purchase agreement for the purchase of 107,842 restricted shares of common stock at $3.06 per share. These shares were issued in January 2015 and recorded in stock to be issued. |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- 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
|