Note 17 - Public & Investor Relations Agreements |
6 Months Ended |
|---|---|
Jun. 30, 2015 | |
| Disclosure Text Block Supplement [Abstract] | |
| Commitments Disclosure [Text Block] |
Note 17 – Public and Investor Relations Agreements
On March 1, 2013, the Company entered into a one-year agreement with a public relations firm to assist with public relations as the Company moves into scaled production and distribution. The contract will be executed on a project-by-project basis, beginning with media assistance provided at an industry conference in April 2013. All monies paid under this contract were classified in sales, general and administrative expenses as a marketing expenditure. This agreement terminated on February 28, 2014.
On August 30, 2013, the Company entered an agreement with an investor relations firm for a period of 12 months, ending May 26, 2014, with the right to cancel services at the end of each subsequent three-month period. The terms of the agreement called for the issuance of 142,000 common shares to be issued for the first three-months of service ending November 26, 2013, and then the equivalent number of shares required to compensate for the $50,000 per period thereafter. This agreement was terminated on May 26, 2014.
On October 29, 2013, the Company entered an agreement with a digital marketing services firm for a period of twelve months and ended October 31, 2014. The terms of the agreement called for a payment of $70,200 for the twelve months of service. The agreement was terminated on October 31, 2014.
On September 8, 2014, the Company entered an agreement with a social media firm for a period of six months that ended March 8, 2015. The agreement provided the right to cancel services upon 30 days-notice. The terms of the agreement called for payment of $4,750 per month. This agreement was terminated on November 30, 2014.
On September 8, 2014, the Company entered an agreement with digital sales and marketing firm for a period of three months that ended December 8, 2014. The terms of the agreement called for payment of $32,000 per month paid 50% cash and 50% common stock.
On September 30, 2014, the Company entered into a sales referral agreement with commissions of 5%.
On October 1, 2014, the Company entered an agreement with a national distributor for a period of three years which ends September 30, 2017. The agreement provided the right to cancel services upon 30 days-notice. The terms of the agreement call for commission of 15%.
On October 14, 2014, the Company entered an agreement with a Federal agency marketing firm for a period of three months that ended January 13, 2015. The terms of the agreement called for a payment of $57,000 for the three months of service. This agreement was extended to July 15, 2015.
On November 5, 2014, the Company entered an agreement with a digital marketing and public relations firm for a period of six months ending May 5, 2015. The terms of the agreement called for payments of $36,000 per quarter. On April 12, 2015 this agreement was cancelled.
On December 5, 2014, the Company entered into an international sales referral agreement with commissions between 6% and 8%.
On January 1, 2015, the Company entered into agreements with Merriman Capital, Inc to provide Banking and Advisory services. The monthly retainer for these services is $10,000.
On January 1, 2015, the Company entered into agreements with Top Sales and Marketing, Inc to provide Consulting services. The monthly fee for these services is $5,000 and the original one month contract has been extended through March 2015.
On March 1, 2015, the Company extended an agreement with a Federal agency marketing firm for a period from January 15, 2015 through July 15, 2015. The terms of the agreement require monthly payments of $12,500 for the term of the agreement and 150,000 shares of the Company’s restricted common stock.
|