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Subsequent Events
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3 Months Ended |
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Jun. 30, 2014
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| Notes | |
| Subsequent Events |
12. SUBSEQUENT EVENTS:
Debt Offering In July 2014 and August 2014, the Company received $145,000 and $184,000, respectively; under the $3,000,000 debt offering and issued warrants to purchase 109,666 shares of our common stock.
Termination of Consulting Agreement Effective July 15, 2014, the Company terminated the Consulting Agreement with Richard Giles.
Establishment of Dr. Pave Worldwide LLC & National Franchising Program Effective July 22, 2014, the Company established a new entity named Dr. Pave Worldwide LLC to house the recently announced [on Form 8-K filed August 7, 2014] franchise program providing franchisees with the exclusive Heatwurx equipment and processing. The franchising program is on track with submission for regulatory approval. Franchise sales are expected to be formally launched nationally beginning early third quarter 2014. |
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- Details
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- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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