XML 66 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 8- Investment in Kontexto, Inc.
3 Months Ended
Mar. 31, 2013
Notes  
Note 8- Investment in Kontexto, Inc.

NOTE 8– INVESTMENT IN KONTEXTO, INC.

 

On March 14, 2013, the Company purchased 8% of the issued and outstanding shares of Kontexto, Inc., a Canadian corporation.  Spectral purchased the shares from a minority shareholder in exchange for 5,000,000 common shares of Spectral stock, and warrants to purchase 5,000,000 common shares at $0.85 per share, expiring on March 13, 2013.  The shares issued were valued at $4,850,000, and the warrants issued were valued using the Black-Scholes pricing model at $1,548,500 for a total investment of $6,398,500. The Company is currently having the asset valued by a third party valuator and will be reviewed for any resulting adjustment in fair value in the quarter ending June 30, 2013.