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CONTINGENCIES
3 Months Ended
Mar. 31, 2013
Loss Contingency [Abstract]  
CONTINGENCIES

NOTE 10 – CONTINGENCIES

 

From time to time the Company may be a party to litigation matters involving claims against the Company. Management believes that there are no current matters that would have a material effect on the Company’s financial position or results of operations other than what is noted here.

 

Upon effective date of the registration statement by the SEC, which occurred on February 8, 2012, the agreement with the attorney calls for an additional payment of $50,000 that will be paid by the Company. This contingent fee has been recorded accordingly in accounts payable on the accompanying consolidated balance sheets at March 31, 2013 and December 31, 2012, respectively.