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SUBSEQUENT EVENTS | 3 Months Ended
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Mar. 31, 2014
SUBSEQUENT EVENTS [Abstract] |
SUBSEQUENT EVENTS | NOTE 14 - SUBSEQUENT EVENTS On May 1, 2014, the Company entered into two agreements with affiliates of Owings Capital Group LLC. The first agreement with OG Hybrid Fund LLC ("OG") is to accept an investment of $150,000 into ISA in exchange for the issuance of 12.5M shares of ISA restricted stock to OG together with options to invest a further $450,000 in Convertible Preferred stock of a new subsidiary to be formed for ISA's software business. The second agreement covers the engagement of J16 Enterprises Inc. (J16) to execute a re-organization of the ISA entity and recapitalization including legal and accounting work required to create and "spin-out" a new subsidiary with a planned future IPO on a major stock exchange. As of this report, ISA had not yet received the funds pending certain decisions forthcoming related to execution of the second agreement. The $150,000 investment by OG has a specific use of proceeds which is to fund the costs of the engagement with J16. On May 5, 2014, the Company signed a letter of authorization with Hayden IR authorizing the conversion of four past due Hayden IR invoices which totaled $12,000 to be converted into 1,000,000 shares of Class A common stock at a conversion price of $0.012 based on prior cash sales and no gain or loss will be recorded. The shares are to be split up amongst Hayden IR and its subsidiary Stratcon Partners. On May 7, 2014, the Company entered into an agreement with a third party to modify an existing note in the amount of $45,000 to extend the term for a further 90 days. The modified Note will be repaid in two consecutive monthly installments of $675 representing interest only on the first day of each month commencing the month following execution of this Note with a third and final payment of forty-five thousand, six hundred and seventy-five dollars ($45,675) due three months after the commencement of this note. This note is also "callable" with sixty (60) days' notice from June 7th, 2014. The lender may also extend this note for a further period at their sole discretion. There was no accounting effect of this note modification.

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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. + References No definition available. + Details
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