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NOTE RECEIVABLE
12 Months Ended
Dec. 31, 2012
Note Receivable [Abstract]  
Note Receivable [Text Block]

NOTE 4: NOTE RECEIVABLE

 

On October 1, 2010, the Company entered into an agreement to exchange its 25% ownership in Business Calcium for its 10% interest in Wow thereby making Wow a wholly-owned subsidiary. As part of the transaction, the Company loaned Business Calcium $50,000 with interest at 6%. The note repayments were to commence in July 2011 with the remaining balance due December 31, 2012. While the Company received interest payments, no principal payments were made by Business Calcium. As such, the Company wrote off the outstanding balance of principal and interest, totaling $53,008, as of December 31, 2012. The related expense is included under other income (expense) in the accompanying consolidated statement of operations for the year ended December 31, 2012.