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6. Long Term Investment in Kpal, Llc
6 Months Ended
Jun. 30, 2014
Notes  
6. Long Term Investment in Kpal, Llc

6.   Long Term Investment in KPAL, LLC

 

Kush, a wholly-owned subsidiary of the Company, owns an approximately 90% membership interest in KPAL, LLC, a Texas limited liability company.  KPAL, LLC's only assets are the ongoing capitalized costs associated with three patent applications filed with the U.S. Patent and Trademark Office in March and April 2010 with regard to the CTA strain, its use in a lozenge and as a treatment for hypertension.  To date, none of the applications has been granted and no patents have issued.  Kush is continuing to pursue such applications; however, no assurances can be given that any of the patent applications will result in the issuance of a patent to Kush.  All amounts owed at June 30, 2014 to the outside attorney as of that date are being accrued in accounts payable and will be paid by the Company.