2.4.0.8131 - Disclosure - SUBSEQUENT EVENTStruefalsefalse1falsefalsefalseP01_01_2013To06_30_2013http://www.sec.gov/CIK0001166708duration2013-01-01T00:00:002013-06-30T00:00:001true1us-gaap_SubsequentEventsAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false2us-gaap_SubsequentEventsTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel1falsefalsefalse00 <table border="0" style="clear:both;width:100%; table-layout:fixed;"> <tr> <td></td> </tr> </table> <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"> <table style="clear:both;MARGIN-TOP: 0pt; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.25in"> <div>25.</div> </td> <td style="TEXT-ALIGN: justify"> <div><u>SUBSEQUENT EVENTS</u></div> <div> </div> </td> </tr> </table> </div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN: justify; MARGIN: 0pt 0px 0pt 0.25in; FONT: 10pt Times New Roman, Times, Serif"> On August 5, 2013, the Company issued <font style=" FONT-SIZE: 10pt">2,058</font> shares of restricted common stock, to the non-employee Board of Director in payment of $<font style=" FONT-SIZE: 10pt">2,500</font> Board of Director Fee for July 2013 at the weighted average price during the month.</div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN: justify; MARGIN: 0pt 0px 0pt 0.25in; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN: justify; MARGIN: 0pt 0px 0pt 0.25in; FONT: 10pt Times New Roman, Times, Serif"> On August 5, 2013, the Company issued <font style=" FONT-SIZE: 10pt">33,333</font> shares of restricted common stock to satisfy $<font style=" FONT-SIZE: 10pt">4,500</font> in accrued payroll at the weighted average price for the period earned.</div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt">  </div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN: justify; MARGIN: 0pt 0px 0pt 0.25in; FONT: 10pt Times New Roman, Times, Serif"> On July 16, 2013, the Company issued <font style=" FONT-SIZE: 10pt">462,963</font> shares of restricted common stock representing 50%, or $<font style=" FONT-SIZE: 10pt">125,000</font>, of the commitment fee as discussed in NOTE. 25<u>. SECURITIES PURCHASE AGREEEMENT</u>. Prior to the reverse stock split, which become effective on July 15, 2013, as discussed in Note 19. <u>CHANGE IN CAPITAL STRUCTURE,</u> the Company did not have enough authorized shares remaining to satisfy the commitment fee. As a result, the investor waited until after the effective date of the reverse stock split to request payment of the first tranche of commitment fee. After issuance of the restricted shares of stock to the investor, The Company noted that the issuance of the shares violated terms of the agreement in that the number of shares issued exceeded <font style=" FONT-SIZE: 10pt">9.99</font>% of the outstanding shares of common stock of the Company rendering the investor an affiliate. As a result, the Company in consultation with legal counsel is determining best course of action to resolve.</div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN: justify; MARGIN: 0pt 0px 0pt 0.25in; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN: justify; MARGIN: 0pt 0px 0pt 0.25in; FONT: 10pt Times New Roman, Times, Serif"> On July 7, 2013, the Company borrowed $<font style=" FONT-SIZE: 10pt">200,000</font> from a lender. The loan is due upon demand, and further terms may be defined at a later date. The loan was granted to facilitate satisfaction and cancellation of some debentures. Toward that end the Company is currently in negotiation with one lender on settlement of all outstanding debt with them. The Company believes settlement is imminent and terms and conditions will be in the best interest of the Company.</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.browniesmarinegroup.com/role/SubsequentEvents12