There was been now dilution from CC for November and December 2016
(A) Common Stock Issued for Cash
On October 21, 2016 the Company issued 4,166,667 shares of common stock for $150,000 ($0.036/per share).
We still lease an office space in Vietnam
(D) Operating Lease Agreement
On April 1, 2012, the Company executed a one-year non-cancelable operating lease for its Laboratory space. The lease was subsequently extended through March 31, 2014. On February 25, 2015, the Company renewed its lease of a Laboratory. The lease is on a month to month basis at an annual rate of $13,200. On June 30, 2015, the Company terminated this lease.
The Company rented office space at 120 N. Washington Square, Suite 805, Lansing, Michigan 48950, which was its principal place of business. The lease was on a month to month basis. The Company paid an annual rent of $600 for conference facilities, mail, fax, and reception services located at our principal place of business. On September 1, 2015, the Company ended the lease of this office.
Starting in February of 2015, we rent additional office space in East Lansing, Michigan. In July 2015, the Company signed a new lease for its East Lansing, Michigan office space. The Company pays an annual rent of $4,742 for office space, conference facilities, mail, fax, and reception services.
Starting in September of 2015, we rent office space at 2723 South State Street, Suite 150, Ann Arbor, Michigan 48104, which is our principal place of business. We pay an annual rent of $2,028 for conference facilities, mail, fax, and reception services located at our principal place of business.
On February 1, 2016 the Company signed a six (6) month lease extension for its East Lansing office. The Company pays an annual rent of $4,893 for office space, conference facilities, mail, fax, and reception services.
On June 29, 2016 the Company signed a twelve (12) month lease for new office space in Vietnam. The Company pays an annual rent of $2,329 for office space and reception services.
On July 19, 2016 the Company signed a month to month lease for a production facility in Indiana. The Company pays a monthly rent of $670 for office space light industrial manufacturing space.
Rent expense for the year ended December 31, 2016 and 2015 was $9,845 and $12,832, respectively.
