Quarterly report pursuant to sections 13 or 15(d)

STOCKHOLDERS EQUITY

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STOCKHOLDERS EQUITY
 3 Months Ended
Mar. 31, 2014
Equity [Abstract]  
STOCKHOLDERS EQUITY

We had 65,000,000 shares of $.001 par value common stock and 10,000,000 shares of $.001 par value preferred stock authorized as of March 31, 2014.

 

In February 2014, an independent contractor (the “Contractor”) was granted 150,000 shares of the Company’s restricted common stock. Of this amount, 75,000 vested and transferred immediately, with the remaining 75,000 vesting in equal installments through (and transferring on) January 1, 2015.

 

In March 2014, Norm DesRosiers, Director, was granted a restricted stock unit award veering 100,000 shares of the Company’s common stock as condition of his Board of Directors Director Service Agreement. The restricted stock unit award will vest immediately.

 

In April 2014, William A. Zender was appointed to serve as a member of our Board of Directors effective May 1, 2014. As a condition of his Board of Directors Director Service Agreement, Mr. Zender will be granted a restricted stock unit award of 75,000 shares of our common stock on May 1, 2014, which will vest immediately.

 

There were 38,485,591 common shares and no preferred shares issued and outstanding at March 31, 2014.