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Pursuant
to FASB ASC 855, Management has evaluated all events and transactions that occurred from September 30, 2014 through the date of
issuance of these financial statements. During this period, we did not have any significant subsequent events, except as disclosed
below:
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On
October 24, 2014, the Company and its Board of Directors accepted the resignation of
Richard Staves as the Interim Chief Financial Officer of the Company. Mr. Staves did
not resign due to any disagreement with the Company or its management regarding any matters
relating to the Company's operations, policies or practices. |
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On
October 24, 2014, the Board of Directors of the Company approved the appointment of Rebecca
D. Hershinger as Chief Financial Officer of the Company. Ms. Hershinger is serving as
the Company’s Chief Financial Officer pursuant to the terms of a Letter Agreement,
dated as of October 24, 2014, pursuant to which Ms. Hershinger shall be paid an aggregate
of $55,000 for her services for eight months, plus reimbursement of certain out of pocket
expenses and additional payments based on an hourly rate in the event Ms. Hershinger
performs services for the Company outside the scope of her engagement. |
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On
November 3, 2014, the Company authorized the cancellation of 9,000 share of common stock
originally issued to a service provider in the first quarter of 2014. |
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