Quarterly report pursuant to Section 13 or 15(d)

20. Subsequent Events

20. Subsequent Events
9 Months Ended
Sep. 30, 2014
Subsequent Events [Abstract]  
Subsequent Events

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:


· 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.
· 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.
· 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.