Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS

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SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2017
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 17 - SUBSEQUENT EVENTS

In April 2017, the Company paid one short-term note for $200,000 in full with accrued interest. The penalty period for shares to be issued was reached and the Company recorded 300,000 common stock shares as issuable at March 31, 2017 and will record another 50,000 shares as issuable in April 2017. These shares will be issued in the second quarter of 2017.

 

The Company will issue an additional 350,000 common stock shares related to penalty on three short-term note penalty periods through May 15, 2017.

 

Effective as of May 1, 2017, we entered into an agreement with Donald F. Moorehead, Jr. in connection with his services as Chairman of the Board of SEER and CEO of Paragon Waste Services (PWS). Mr. Moorhead’s agreement provides for an initial payment of $30,000 and subsequent monthly payments of $5,000. Additionally, Mr. Moorhead will receive 1,000,000 common stock options with strike price of $0.70 and vests over two years at 125,000 per quarter.