Quarterly report pursuant to Section 13 or 15(d)

Equity Instruments

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Equity Instruments
3 Months Ended
Mar. 31, 2017
Equity [Abstract]  
Equity Instruments

During the three-month periods ended March 31, 2017 and 2016, we issued 16,406 and 16,918 shares of our common stock valued at $10,500 and $20,640 to certain members of our Board of Directors as payment in lieu of cash for their retainer fees.

 

Also during the three-month period ended March 31, 2017, we issued 707,353 shares of our common stock valued at $367,812 to our employees as partial payment in lieu of cash for their 2015 and 2016 bonuses.