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4. Capital stock
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6 Months Ended | ||
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Jun. 30, 2013
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| Stockholders' Equity Note [Abstract] | |||
| Note 4. Capital stock |
During the six months ended June 30, 2013, the Company issued 19,937,130 shares of common stock upon exercise of warrants at $0.25 to $0.40 per share for gross proceeds of $5,779,660. The Company incurred direct costs in the amount of $78,521 in commissions and foreign exchange fees paid on warrants exercised by foreign (non-U.S.) investors for aggregate net proceeds of $5,701,139.
During the six months ended June 30, 2013, the Company issued 50,000 shares of common stock for consulting services provided valued at $49,000, or $0.98 per share. The shares issued were valued at the trading price at the date of the agreement. |
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- Details
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- Definition
The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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