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&lt;p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 11pt/115% Times New Roman, Times, Serif; margin: 0"&gt;Subsequent to June 30, 2013, the Company issued 4,081,788
shares of common stock and redeemed for cash the convertible debentures as described in Note 8. The debt holder no longer holds
any debt securities of the Company.&lt;/p&gt;

&lt;p style="font: 11pt/115% Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 11pt/115% Times New Roman, Times, Serif; margin: 0"&gt;On August 5, 2013, the Company agreed to issue 1,800,000 shares of common stock to an accredited
investor for cash. The cash was paid directly to a Note holder to pay off the debt. The value of the shares sold was approximately
$0.07 per share.&lt;/p&gt;

&lt;p style="font: 11pt/115% Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 11pt/115% Times New Roman, Times, Serif; margin: 0"&gt;On August 6, 2013, the Company issued 75,000 shares of common stock for services rendered to the Company.&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>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.</ElementDefenition><ElementReferences>No definition available.</ElementReferences><IsTotalLabel>false</IsTotalLabel><UnitID>0</UnitID><Label>NOTE 12 - SUBSEQUENT EVENTS</Label></Row></Rows><Footnotes /><IsEquityReport>false</IsEquityReport><ReportName>NOTE 12 - SUBSEQUENT EVENTS</ReportName><MonetaryRoundingLevel>UnKnown</MonetaryRoundingLevel><SharesRoundingLevel>UnKnown</SharesRoundingLevel><PerShareRoundingLevel>UnKnown</PerShareRoundingLevel><ExchangeRateRoundingLevel>UnKnown</ExchangeRateRoundingLevel><HasCustomUnits>true</HasCustomUnits><IsEmbedReport>false</IsEmbedReport><IsMultiCurrency>false</IsMultiCurrency><ReportType>Sheet</ReportType><RoleURI>http://FLST/role/Note12-SubsequentEvents</RoleURI><NumberOfCols>1</NumberOfCols><NumberOfRows>2</NumberOfRows></InstanceReport>
