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18. Subsequent Events | 6 Months Ended
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Jun. 30, 2013
Subsequent Events [Abstract] |
NOTE 18 - Subsequent Events | In July 2013, the Company entered into an agreement with Maxim Group LLC to provide general financial advisory and investment banking services to the Company for three years on a non-exclusive basis. Under this agreement, Maxim received stock equal to 4.99% of the outstanding common stock of the Company as of that date, or 21,025,000 shares of common stock. In August 2013, the Audit Committee of the Board of Directors ratified the full impairment of goodwill as discussed in footnote 7. Following a majority vote of shareholders to approve the mailing of an information statement to shareholders of record as of June 30, 2013 and the appropriate waiting period after such mailing, the authorized number of shares was increased from 500,000,000 to 1,000,000,000 in August 2013.

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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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