Subsequent Events

3 Months Ended

Mar. 31, 2013

Subsequent Events [Abstract]

Subsequent Events

Note 7. Subsequent Events

On April 30, 2013, we received the balance of $456,798 due to us under the Assignment, Assumption and Indemnity Agreement, dated as of November 15, 2011, pursuant to which we monetized through a certain third party the payments due to us under the Riverbay Agreement.

In May 2013, we repaid $295,000 of the principal that we borrowed from a related party on December 31, 2012, as more fully discussed above in Note 6. In addition, in May 2013, we repaid the $50,000 loan that we borrowed from a certain unaffiliated investor on December 31, 2012.