Annual report pursuant to section 13 and 15(d)

STOCKHOLDERS' EQUITY (Details Narrative 1)

v2.4.0.8
STOCKHOLDERS' EQUITY (Details Narrative 1) (USD $)
0 Months Ended 1 Months Ended 3 Months Ended 12 Months Ended 0 Months Ended 1 Months Ended 12 Months Ended 0 Months Ended 1 Months Ended 0 Months Ended 12 Months Ended 0 Months Ended
Aug. 19, 2013
Aug. 14, 2013
Jul. 29, 2013
Units
Jul. 25, 2013
May 31, 2013
Jun. 30, 2013
Apr. 30, 2013
Dec. 31, 2013
Dec. 31, 2013
Dec. 31, 2012
Aug. 14, 2013
Post Stock Split
Units
Jul. 29, 2013
Post Stock Split
Jun. 28, 2013
Post Stock Split
Jun. 11, 2013
Post Stock Split
May 31, 2013
Post Stock Split
Units
May 22, 2013
Post Stock Split
Apr. 22, 2013
Post Stock Split
Apr. 17, 2013
Post Stock Split
Apr. 30, 2013
Post Stock Split
Units
Dec. 31, 2013
Post Stock Split
Aug. 14, 2013
Pre Stock Split
Units
Jul. 29, 2013
Pre Stock Split
Jun. 28, 2013
Pre Stock Split
Jun. 11, 2013
Pre Stock Split
May 31, 2013
Pre Stock Split
Units
Apr. 22, 2013
Pre Stock Split
Apr. 17, 2013
Pre Stock Split
Apr. 30, 2013
Pre Stock Split
Units
Jun. 19, 2013
Stock Options
Jun. 11, 2013
Stock Options
Dec. 31, 2013
Stock Options
Nov. 15, 2013
Stock Options
Kairix Analytics
Jun. 19, 2013
Stock Options
Post Stock Split
Jun. 11, 2013
Stock Options
Post Stock Split
Jun. 19, 2013
Stock Options
Pre Stock Split
Jun. 11, 2013
Stock Options
Pre Stock Split
Aug. 19, 2013
Consultants
Stock Options
Jul. 25, 2013
Consultants
Stock Options
Options Granted                                       794,230                     1,309,230 300,000 23,077 176,923 300,000 2,300,000 303,846 67,307
Award term                                                         5 years 5 years   5 years         5 years 5 years
Vesting terms of options granted                                                         vest as follows: 33% the first anniversary hereof; 33% on the second anniversary and 34% on the third anniversary    

The option has a term of five (5) years and vests 33% on each of the first and second anniversaries and 34% on the third anniversary of the Kairix Agreement.  The Company has valued the option at $984,447 using the Black-Scholes option pricing model with the following assumptions:  an expected life of two and one-half years; volatility of 100% and a risk-free interest rate of 0.65%.  

        vest as follows: 33% the first anniversary hereof; 33% on the second anniversary and 34% on the third anniversary vest as follows: 33% the first anniversary hereof; 33% on the second anniversary and 34% on the third anniversary
Shares issued for services     1,923 4,380   11,538   5,769         67,308     23,077   30,769         875,000       400,000                      
Grant date fair value (per share) $ 5.85   $ 7.00 $ 6.85   $ 5.03   $ 6.00         $ 4.55 $ 5.27   $ 5.85 $ 4.94             $ 0.41   $ 0.38                        
Value of shares issued for services       $ 30,000         $ 59,620 $ 198,287                                                        
Ownership units sold                     153,846       999,998       2,404   2,000,000       13,000,000     31,250                    
Gross proceeds from sale of ownership units   800,000     5,200,000   25,000                                                              
Price of ownership unit sold                     5.20 5.20     5.20       10.40   0.40 0.40     0.40     0.80                    
Shares in each ownership unit sold   1 1       2                                                              
Warrants in each ownership unit sold   3 3       1                                                              
Shares sold in ownership units                     153,846 5,696     999,998       4,808                                      
Warrants sold in ownership units                     76,923 2,848     499,999       2,404                                      
Warrant Exercise Price                     6.50 6.50     6.50       7.80   0.50 0.50     0.50     0.60                    
Ownership units converted from legal fees, legal fees     $ 29,620                                                                      
Ownership units converted from legal fees, ownership units     5,696