Receivables, Loans, Notes Receivable, and Others

3 Months Ended

Mar. 31, 2012

Receivables, Loans, Notes Receivable, and Others

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

NOTE 4 – NOTES RECEIVABLE  

During the nine month period ended March 31, 2012, the Company invested $666,933 in a loan with an unrelated third party entity with whom the Company has signed a licensing agreement in anticipation of developing sales of the Company’s products in Mexico.  The note is personally secured by a shareholder of the borrower, bears no interest, and is due one year after receipt of the loan by the borrower.