|3 Months Ended|
Mar. 31, 2017
|Subsequent Events [Abstract]|
Subsequent to the period ending March 31, 2017 the Company and Berwin Trading Limited agreed to extend the maturity date of a debenture in the amount of $1,250,000, originally made on December 30, 2016 and funded on January 6, 2017, with interest accruing at a rate of 9% per annum and principal and interest due at the original maturity of May 6, 2017. The parties agreed that the debenture will become due and payable on June 20, 2017, and the interest charged on the debenture will increase from 9% per year to 13.5% per year for the life of the debenture.
Effective May 1, 2017, we signed a 39-month lease for our Denver corporate office and effective April 1, 2017, we signed a 37-month lease for our Houston division office.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/presentationRef