SUBSEQUENT EVENTS
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12 Months Ended |
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Dec. 31, 2013
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Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS |
NOTE 18 - SUBSEQUENT EVENTS
Management has evaluated the impact of events occurring after December 31, 2013 up to the date the financial statements were available for issuance. These statements contain all necessary adjustments and disclosures resulting from that evaluation.
For the period January 1, 2014 through February 28, 2014, the Company raised $590,000 from the sales of common stock and exercise of common stock warrants.
In February 2014, we settled an outstanding note payable that was in default, totaling $104,200 in principal and $20,200 in accrued interest for payment of $100,000, resulting in a gain on debt settlement of $24,400. |
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- Definition
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. No definition available.
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