In October 2013, the Company issued 500,000 vested shares of common stock as a non-refundable retainer in conjunction with a 90-day investment banking services agreement. The shares were valued at the market price on the day of the grant, $0.20 and the Company recognizes an expense of  $100,000 over the 90-day term. The Company will also pay the investment bank a customary cash and warrants success fee computed as a percentage of any capital raised.

In October 2013, the Company issued 200,000 shares of common stock to a consultant for past services.  The shares are fully vested and valued at $0.10 per share (based on current market price) and accordingly, the Company recognized an expense of $20,000 related to the share issuance.

In October 2013, the Company issued 100,000 shares of common stock to a consultant for past services.  The shares are fully vested and valued at $0.10 per share (based on current market price) and accordingly, the Company recognized an expense of $10,000 related to the share issuance.