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Note 12 - Subsequent Event
9 Months Ended
Sep. 30, 2013
Subsequent Events [Abstract]  
Subsequent Events [Text Block]

NOTE 12 – SUBSEQUENT EVENTS


Subsequent events have been evaluated by management through November 13, 2013. On or about October 11, 2013, Parent raised $4,051,000 in cash after certain holders exercised options and warrants having a strike price of $1.50 per share (75,000 options at $1.50 per share and 2,626,000 warrants at $1.50 per share, in the aggregate). $450,000 was received on September 30, 2013 and 3,601,000 was received subsequent to September 30, 2013. In exchange for exercising such options and warrants, such holders received, in the aggregate, 2,701,000 newly-issued shares of Parent common stock, plus new options and warrants in such amounts equal to the number of options and warrants exercised by each option and warrant holder having the same terms and conditions as the options and warrants exercised by each such option and warrant holder, respectively, except each option and warrant issued has a strike price of $2.70 per share, the closing bid price of Parent’s common stock as quoted on the OTCBB on September 23, 2013.