Note 13 - Related Party Transactions

12 Months Ended

Sep. 30, 2012

Related Party Transactions Disclosure [Text Block]

13. Related Party Transactions

Since its formation, the Company has contracted with Robertson Research Institute (“RRI”), a nonprofit entity organized under Section 501(c)3 of the Internal Revenue Code, for software and content development and corporate operational services including personnel, occupancy and other vendor costs. After the Merger, the Company transitioned these services back to the Company. These services are billed to the Company by RRI on a flow-through basis and at cost with certain personnel costs allocated based on percentage of time spent on Company efforts. Certain expenses continue to be paid by RRI and are charged to the Company at cost as incurred.

During the years ended September 30, 2012 and 2011 the Company incurred costs billed by RRI detailed as follows:

	Year Ended September 30,
	2012		2011
Computer and software	$	588	$	5,105
Dues and subscriptions		5,550		-
Insurance		-		-
Interest		11,269		7,800
Marketing		-		874
Occupancy		-		7,826
Personnel and benefits		-		77
Professional fees		2,719		5,355
Repairs and maintenance		1,740		-
Supplies		1,473		-
Telephone and communications		9,009		-
Travel and entertainment		12,595		77,399
Other		10,288		24,956
	$	55,231	$	129,392

These amounts are included in the appropriate functional line items in the Company’s statement of operations. Amounts payable to RRI for such services at September 30, 2012 and 2011 are listed in Note 5.

After the Merger, certain employees have been contracted on an as needed basis by Robertson Wellness, LLC (“RW”), a company owned by the Company’s CEO, Dr. Joel Robertson. These personnel costs are allocated to RW at cost based on percentage of time spent on RW efforts.  The total amount allocated to RW during the years ended September 30, 2012 and 2011 was $48,829 and $39,241, respectively. Amounts receivable from RW at September 30, 2012 and 2011 were $92,061 and $47,031, respectively.

See additional related party information in Notes 4, 5, 7, and 9.