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Note 3 - Cost Investment
9 Months Ended
Sep. 30, 2016
Notes  
Note 3 - Cost Investment

NOTE 3– COST INVESTMENT

 

On March 14, 2013, the Company entered into an agreement to purchase 8% of the issued and outstanding common shares of Kontexto, Inc., (“Kontexto”) a Canadian corporation.  The Company purchased the shares from Sargas Capital, Ltd. The Company's CEO is an officer of Sargas Capital, Ltd. but does not have any holdings in Sargas Capital, Ltd. In September 2015, the Company was notified by the management of Kontexto that the operations were being discontinued due to cash flow limitations. Thus, the remaining investment of $232,000 was written off during the year ended December 31, 2015.