XML 29 R19.htm IDEA: XBRL DOCUMENT v2.4.0.8
Material Definitive Agreement (Details) (USD $)
Oct. 24, 2013
Sep. 06, 2013
Material Definitive Agreement    
The purchase price was paid by the Company via the issuance of a secured promissory note in the principal amount (the "Note") due on Dec. 31, 2014.   $ 1,800,000
Company agreed to sell to HVW an aggregate of shares of company's common stock   308,166
Company agreed to sell to HVW an aggregate of shares of company's preferred stock   32,300
Pursuant to the terms thereof shares will be convertible into shares of the Company's common stock   32,300,000
Robert J. Sharp, the Chief Executive Officer and Board Member of the Company retire shares of common stock of the Company owned by Mr. Sharp   4,961,500
Company will submit to a vote of its shareholders a forward split of the Company's common stock equal to   324.5 for 1
Company will issue shares of a to be created series of preferred stock (8% annual dividend, anti-dilution rights for 24 months, each share convertible into shares of common stock)   1,000
Shares of common stock to each of HVW   32,300
Shares of common stock to Mr.Sharp   46,500
Shares of common stock to an Institutional Investor   16,200
HVW will receive a management fee of percent per annum of average gross assets   0.0200
HVW will also receive % of the revenues received by the Company derived from the services under the Management Agreement   20.00%
Increase the number of shares of authorized common stock of the Corporation from 74,000,000 to 2,000,000,000  
To effect a forward stock split of our common stock at a ratio determined by our Board of Directors of 324.5 for 1