2.4.0.8115 - Disclosure - Subsequent Eventstruefalsefalse1falsefalsefalseP01_01_2013To06_30_2013http://www.sec.gov/CIK0001099509duration2013-01-01T00:00:002013-06-30T00:00:001true1us-gaap_SubsequentEventsAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false2us-gaap_SubsequentEventsTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel1falsefalsefalse00 <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong>Note 9. Subsequent Events</strong></div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">In July 2013, the Company and Lakeshore amended its loan agreement. Pursuant to this amendment, the Company has an option to pay Lakeshore $<font style=" FONT-SIZE: 10pt">750,000</font> for the return of <font style=" FONT-SIZE: 10pt">250</font> shares common stock of NOW Solutions in Lakeshore’s possession representing <font style=" FONT-SIZE: 10pt">25</font>% ownership of NOW Solutions. The option expires on August 16, 2013. In consideration of this option and Lakeshore’s extension to make this payment, Now Solutions paid Lakeshore fees totaling $<font style=" FONT-SIZE: 10pt">30,000</font> and agreed to pay <font style=" FONT-SIZE: 10pt">25</font>% of any profits to Lakeshore from the period that runs from March 15, 2013 through August 16, 2013 which will be due no later than December 31, 2013. As additional consideration, the Company increased the interest payable to Lakeshore from Net Claim Proceeds (less any attorney’s fees and direct costs) from any litigation or settlement proceeds related to the SiteFlash technology from <font style=" FONT-SIZE: 10pt">5</font>% to <font style=" FONT-SIZE: 10pt">8</font>%. For details about the Loan Agreement with Lakeshore, please see “Notes Payable” in Note 3.</div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">In August 2013, a third party lender loaned VHS $<font style=" FONT-SIZE: 10pt">150,000</font>. Pursuant to the loan agreement, VHS issued a promissory note bearing interest at <font style=" FONT-SIZE: 10pt">10</font>% per annum to the lender in the amount of $<font style=" FONT-SIZE: 10pt">150,000</font> payable in <font style=" FONT-SIZE: 10pt">90</font> days from the date VHS received funds. Under the terms of the agreement, VHS is obligated to pay a $<font style=" FONT-SIZE: 10pt">5,000</font> commitment fee no later than the date the note becomes due. In consideration of the loan, the Company issued <font style=" FONT-SIZE: 10pt">5,000</font> shares of VHS Series B Preferred Stock and committed to issuing <font style=" FONT-SIZE: 10pt"> 500,000</font> shares of VCSY common stock at a future date to the lender.</div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">For the period from July 1, 2013 through August 14, 2013, the Company cancelled <font style=" FONT-SIZE: 10pt"> 1,500,000</font> previously issued common shares and granted <font style=" FONT-SIZE: 10pt"><font style=" FONT-SIZE: 10pt"> 1,500,000</font></font> common shares for services to consultants of the Company that vest on December 31, 2013 and are valued at $<font style=" FONT-SIZE: 10pt">45,000</font>.</div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">For subsequent events involving litigation, please see “Legal Proceedings” in Note 8.</div> </div> </div> falsefalsefalsenonnum:textBlockItemTypenaThe 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.false0falseSubsequent EventsUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.vcsy.com/role/SubsequentEvents12