XML 28 R15.htm IDEA: XBRL DOCUMENT v2.3.0.15
Commitments and Contingencies
6 Months Ended
Sep. 30, 2011
Commitments and Contingencies Disclosure [Abstract] 
Commitments and Contingencies Disclosure [Text Block]
Note 10. 
Commitments and Contingencies:
 
Lease of office
 
In December 2007, the Company entered into a five year agreement for office space in Palm Beach Gardens, Florida with a commencement date of June 1, 2008.  The minimum starting monthly base rent was $7,415 and currently is $8,020 per month.  The lease provides for annual 4% increases throughout its term.
 
Future minimum rental payments for the new office lease, based on the current adjusted minimum monthly amount of $8,341 and excluding variable common area maintenance charges, as of September 30, 2011, are as follows:
 
Years ending March 31,
 
Amount
 
2012
 
$ 
50,043
 
2013
   
103,422
 
2014
   
17,348
 
         
   
$
170,813
 
 
Rental expense, which also includes maintenance and parking fees, for the six months ended September 30, 2011, was $66,295.
 
Production and Supply Agreements
 
On December 16, 2008, we signed a manufacturing agreement with O-AT-KA Milk Products Cooperative, Inc. for the production of our current Phase III® Recovery drink as well as future new products that are in the development stage.  The manufacturer shall manufacture, package and ship such products.  All products shall be purchased freight on board (F.O.B) with the Company paying for the shipping costs.