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Subsequent Events
12 Months Ended
Dec. 31, 2012
Subsequent Events [Abstract]  
Subsequent Events

16. Subsequent Events

As partial compensation per an agreement dated May 19, 2011, and renewed on June 8, 2012, for consultant work, the Company issued to Monarch Communications, Inc. the following:

·

On January 8, 2013, 28,571 shares of its common stock valued at $0.14 per share

·

On February 8, 2013, 26,667 shares of its common stock valued at $0.15 per share.

·

On March 11, 2013, 21,053 shares of its common stock valued at $0.19 per share.


On February 13, 2013 the Company issued 882,353 shares of its common stock valued at $0.17 per share as payment for the note payable in the amount of $150,000 from a stockholder who is also a director.

Between February 7, 2013 and March 5, 2013, the Company received loans in various amounts totaling $350,000, from the Company's Chairman and CEO, as advances for working capital needs. The loans bear interest at the same rate of interest as the credit facility provided by the stockholder under the note dated March 28, 2002.

On March 14, 2013, the repayment date of the stockholder loan was extended from December 31, 2013 to December 31, 2014.