v2.3.0.15

11. Subsequent Events	3 Months Ended
	Sep. 30, 2011
Subsequent Events [Text Block]	11.       Subsequent Events In preparing these financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through November 14, 2011, the date the financial statements were issued. ·  Effective October 24, 2011, the March 6, 2011 agreement entered into with the Company’s Chairman, Sidney Chan, whereby he made available a $2.5M line of credit, was amended to allow the Company to borrow the remaining funds available for general corporate purposes. ·  Effective November 1, 2011, the Company entered into a premises lease for its new office located at 7400 Beaufont Springs Drive Suite 300 Richmond, VA. The lease has a one year term with contractually committed payments of $13,320 during the term..

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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.

+ Details

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