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SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2013
Subsequent Events [Abstract]  
NOTE 12 – SUBSEQUENT EVENTS

In accordance with the Subsequent Events Topic of the FASB ASC 855, we have evaluated subsequent events, and have determined that no subsequent events are reasonably likely to impact the financial statements other than as provided below. 

 

On May 8, 2013, the Company and BHA agreed to terminate the existing Consulting Agreement for Services ("Agreement") by and between the Company and BHA, dated August 25, 2012, in accordance with its terms. Concurrent with such termination, the Company entered into a three year employment agreement with Michael Abrams to serve as its Chief Financial Officer, a position he has held on an interim basis since August 2009, which agreement was effective as of May 1, 2013.