2.4.0.80012 - Disclosure - 5. JOINT DEVELOPMENT AGREEMENT WITH SUMITOMO PRECISION PRODUCTS CO., LTD.truefalsefalse1false falsefalseFrom2012-10-01to2013-03-31http://www.sec.gov/CIK0001074828duration2012-10-01T00:00:002013-03-31T00:00:002false falsefalseFrom2011-10-01to2012-09-30http://www.sec.gov/CIK0001074828duration2011-10-01T00:00:002012-09-30T00:00:001true 1VSUL_NotesToFinancialStatementsAbstractVSUL_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse2falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Notes to Financial Statements2false 2us-gaap_BusinessCombinationDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 8%; font: 10pt/115% Calibri, Helvetica, Sans-Serif">5. </td> <td style="width: 92%; font: 10pt/115% Calibri, Helvetica, Sans-Serif">JOINT DEVELOPMENT AGREEMENT WITH SUMITOMO PRECISION PRODUCTS CO., LTD.</td></tr> </table>   On May 31, 2012, the Company entered into a Joint Research and Product Development Agreement (the Joint Development Agreement) with Sumitomo Precision Products Co., Ltd. (SPP), a publicly-listed Japanese corporation for the commercialization of Visualants ChromaID technology.  A copy of the Joint Development Agreement was filed by the Company with its Form 8-K filed June 4, 2012.   On March 29, 2013, Visualant, Inc. (Visualant or the Company) entered into an Amendment to Joint Research and Product Development Agreement (Amended Agreement) with Sumitomo Precision Products Co., Ltd. (SPP). The Amended Agreement extends the Joint Research and Development Agreement from March 31, 2013 to December 31, 2013 and focuses on the commercialization of the Companys ChromaID technology.   SPP invested $2,250,000 in exchange for 17,307,693 shares of restricted common shares priced at $0.13 per share that was funded on June 21, 2012.  SPP also paid the Company an initial payment of $1 million in accordance with the terms of the License Agreement filed by the Company with its Form 8-K filed June 4, 2012. A running royalty for the license granted under the License Agreement will be negotiated at the completion of the Joint Development Agreement.   SPP is publicly traded in Japan and has operations in Japan, United States, China, United Kingdom, Canada and other parts of the world. Additional information on SPP is available at http://www.spp.co.jp/English/index2-e.html.  falsefalsefalse2falsefalsefalse00On May 31, 2012, the Company entered into a Joint Research and Product Development Agreement (the Joint Development Agreement) with Sumitomo Precision Products Co., Ltd. (SPP), a publicly-listed Japanese corporation for the commercialization of Visualants SPM technology.  A copy of the Joint Development Agreement was filed by the Company with its Form 8-K filed June 4, 2012.   SPP invested $2,250,000 in exchange for 17,307,693 shares of restricted common shares priced at $0.13 per share that was funded on June 21, 2012.  SPP also paid the Company an initial payment of $1 million in accordance with the terms of the License Agreement filed by the Company with its Form 8-K filed June 4, 2012. A running royalty for the license granted under the License Agreement will be negotiated at the completion of the Joint Development Agreement.   SPP is publicly traded on the Tokyo and Osaka Stock Exchanges and has operations in Japan, United States, China, United Kingdom, Canada and other parts of the world. Additional information on SPP is available at http://www.spp.co.jp/English/index2-e.html.falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. 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