Subsequent events
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Mar. 31, 2014
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Subsequent Events [Abstract] | ||
Subsequent Events |
Note 20 - Subsequent events On April 23, 2014, the Company agreed to settle the lawsuit filed by RBD (Note 19) for a one-time payment of $25,000, due within 10 business days of the final execution of the settlement documents. As of May 13, 2014, final execution of the settlement agreement has not occurred. On April 24, 2014, the Company agreed to settle a lawsuit filed by David Kolasinski alleging a violation of a Service Agreement between the parties for a one-time payment of $10,000, due within 30 days of the final execution of the settlement documents and an ongoing commission payment of 2% of gross sales, less shipping, taxes and returns, beginning April 24, 2014 and ending December 10, 2018 that the Company makes to Novotek Theraputics, Inc. up to a maximum commission payment of $50,000, paid quarterly. As of May 13, 2014, final execution of the settlement agreement has not occurred. |
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- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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