Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS

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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2017
Successor [Member]  
SUBSEQUENT EVENTS

NOTE 15 – SUBSEQUENT EVENTS

 

In July 2017, the Company issued 770,000 restricted common shares for services of $46,300 (based on our stock price on the date of grant).

 

In July 2017, the Company issued a total of 10,000 restricted common shares to two employees, valued at $600 (based on our stock price on the date of grant) as compensation pursuant to the Company’s 2015 Equity Incentive Plan.

 

As of June 30, 2017, the Company issued a total of 400,000 restricted common shares to members of its Advisors, for outside advisory and consulting services pursuant to the Company’s 2015 Equity Incentive Plan. One-twelfth (1/12) of the shares will be earned each month. As of June 30, 2017, the Advisors had vested in 383,333 shares with 16,667 shares to vest over the remaining vesting period (see Note 11).

 

There were no other events subsequent to June 30, 2017, and up to the date of this filing that would require disclosure.