STOCK TRANSACTIONS |
9 Months Ended |
|---|---|
Sep. 30, 2015 | |
| Stockholders' Equity Note [Abstract] | |
| STOCK TRANSACTIONS |
NOTE 7 stock transactionS
On July 15, 2015, the Company issued a total of 618,000 restricted common shares, valued at $154,500 (based on the estimated fair value of the stock on the date of grant) for marketing, investor relations, and outside consulting services.
On July 15, 2015, the Company issued 10,000 restricted common shares, valued at $2,500 (based on the estimated fair value of the stock on the date of grant) to a Brother-in-law of our CEO for marketing services.
On June 30, 2015, the Company issued an aggregate of 1,000,000 shares of restricted common stock to an unrelated third party, valued at $250,000 (based on the estimated fair value of the stock on the date of grant) for the purchase of trade marks (see Note 5).
In February and March 2015, the Company issued an aggregate of 300,000 shares of restricted common stock, valued at $75,000 (based on the estimated fair value of the stock on the date of grant) for legal services associated with the Companys initial public offering. The Company has recorded the $75,000 as Deferred Offering Costs in the accompanying Balance Sheet at September 30, 2015.
In February 2015, the Company issued 40,000 shares of restricted common stock, valued at $10,000 (based on the estimated fair value of the stock on the date of grant) to outside consultants for services rendered and recorded within general and administrative expenses in the Statements of Operations. |