COMMITMENTS, CONTINGENCIES, AND LEGAL PROCEEDINGS

12 Months Ended

Dec. 31, 2013

COMMITMENTS, CONTINGENCIES, AND LEGAL PROCEEDINGS [Text Block]

13. COMMITMENTS, CONTINGENCIES, AND LEGAL PROCEEDINGS

There are no material pending legal proceedings to which the Company is a party. The Company was notified by a letter dated June 2, 2000 received June 6, 2000 stated that the Company may have a potential liability from waste disposal in the Casmalia Disposal Site at Santa Barbara County, California. The Company was given a choice of either signing an agreement that would toll the statute of limitations for eighteen (18) months in order to allow us to resolve any liability with the government without incurring costs associated with being named a defendant in a lawsuit, or becoming an immediate defendant in a lawsuit. We signed the tolling agreement. On November 20, 2001, the tolling agreement was extended for an additional 18 months. On May 20, 2003 the tolling agreement was again extended for an additional 18 months and on November 24, 2004 the tolling agreement was again extended for additional 18 months. On June 29, 2004, the Company received a proposed settlement from the EPA in the amount of $21,131, which had been accrued as other payable. The Company is waiting for communication from the government concerning payment of the final settlement. As of and subsequent to December 31, 2010, the Company had not receive further correspondences from the EPA regarding this matter.