Annual report pursuant to Section 13 and 15(d)

Series A Preferred Stock

Series A Preferred Stock (Series A [Member])
12 Months Ended
Dec. 31, 2014
Series A [Member]
Series A Preferred Stock



In April 2014, in conjunction with the reverse acquisition and financing, 1,835,212 shares of JB Therapeutics’ Series A Convertible Preferred Stock and 200,000 shares of its Series A Non-Convertible Preferred Stock were converted into 2,035,212 shares of the Company’s common stock.

Prior to the conversion, the Company had classified the Series A Convertible and Series A Non-convertible Preferred Stock outside of permanent equity based upon the terms of the instruments.

During 2013, the Company issued 198,808 shares of Series A Convertible Preferred Stock which raised net proceeds of $120,000.