Quarterly report pursuant to Section 13 or 15(d)

Private Placement Memorandum

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Private Placement Memorandum
9 Months Ended
Sep. 30, 2015
Private Placement Memorandum [Abstract]  
PRIVATE PLACEMENT MEMORANDUM
9.

PRIVATE PLACEMENT MEMORANDUM

During 2015, the Company entered into a placement agency agreement with a third party to assist in raising capital. Direct costs of this private placement memorandum (PPM) will be deferred and reduce the proceeds from the shares sold in the PPM. If the PPM is not completed, all costs will be charged to expense in the period in which the PPM is terminated. Costs of $1,000,000 have been incurred and capitalized related to this PPM as of September 30, 2015 and are recorded in prepaid expenses, deposits and deferred costs.