CONTINGENCIES

6 Months Ended

Jun. 30, 2013

Contingencies

Note 10 - CONTINGENCIES

As disclosed in Form 8-K, dated April 22, 2013, the Company and a financial advisory firm and its affiliates (“Third Party”) are in a dispute over the status of  various draft agreements related to the Third Party’s providing access to funding for the Company to meet its obligations and fund its ventures.  The Third Party contributed $151,000 of working capital funds to the Company from August 2012 to February 2013 in contemplation of a letter of credit and other related agreements.