Private Placement Memorandum	12 Months Ended
Dec. 31, 2015
Private Placement Memorandum:
Private Placement Memorandum	NOTE 11. Private Placement Memorandum Effective September 1, 2014, the Company approved a Private Placement Memorandum (“PPM”) to raise $1,000,000 through the issuance of 1,000,000 shares of Series A 8% Convertible Preferred Stock at $1.00 per share (See Note 8). Under the PPM, the Company is selling full Units for $50,000 (“Unit”) with the right to sell half Units. The Company filed a Form D on October 9, 2014 with the Securities and Exchange Commission following the first sale of $50,000 under the offering on September 29, 2014. The Company is relying on the federal exemption provided under Rule 506(b) for treatment of the PPM as an exempt offering of securities. During 2014, we completed the sale of three Series A 8% Preferred Stock units for $50,000, consisting of 50,000 shares of Series A 8% Preferred Stock and 50,000 Warrants. The holders of the Preferred Stock have the right, at any time, to convert each Preferred Share into ten (10) shares of common stock. See Note 8 for the Company’s automatic conversion rights. During the first quarter of 2016, the Company approved an extension of the PPM to issue the remaining 850,000 shares of Series A as Series A-1 8% Convertible Preferred Stock with sales efforts to continue through December 31, 2016 with the discretion to continue sales through June 30, 2017. The Series A and Series A-1 have the exact designations and as of the date of this filing, a half unit has been sold for $25,000.

Private Placement Memorandum

12 Months Ended

Dec. 31, 2015

NOTE 11. Private Placement Memorandum

Effective September 1, 2014, the Company approved a Private Placement Memorandum (“PPM”) to raise $1,000,000 through the issuance of 1,000,000 shares of Series A 8% Convertible Preferred Stock at $1.00 per share (See Note 8). Under the PPM, the Company is selling full Units for $50,000 (“Unit”) with the right to sell half Units. The Company filed a Form D on October 9, 2014 with the Securities and Exchange Commission following the first sale of $50,000 under the offering on September 29, 2014. The Company is relying on the federal exemption provided under Rule 506(b) for treatment of the PPM as an exempt offering of securities. During 2014, we completed the sale of three Series A 8% Preferred Stock units for $50,000, consisting of 50,000 shares of Series A 8% Preferred Stock and 50,000 Warrants. The holders of the Preferred Stock have the right, at any time, to convert each Preferred Share into ten (10) shares of common stock. See Note 8 for the Company’s automatic conversion rights. During the first quarter of 2016, the Company approved an extension of the PPM to issue the remaining 850,000 shares of Series A as Series A-1 8% Convertible Preferred Stock with sales efforts to continue through December 31, 2016 with the discretion to continue sales through June 30, 2017. The Series A and Series A-1 have the exact designations and as of the date of this filing, a half unit has been sold for $25,000.

REGENT TECHNOLOGIES INC 10-K