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SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2012
Notes to Financial Statements  
Note 12. SUBSEQUENT EVENTS

In preparing these condensed consolidated financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through May 18, 2012, the date the condensed consolidated financial statements were available to be issued.

 

On May 3, 2012, the Company and UEI executed a letter of execution (the “Letter of Extension”) of the consulting agreement to extend the agreed to payment terms of the agreement from the May 7, 2012 to June 15, 2012, as previously disclosed in herein (see Note 9(e)).