Quarterly report pursuant to Section 13 or 15(d)

Deferred Revenue

v2.4.0.6
Deferred Revenue
3 Months Ended
Mar. 31, 2012
Revenue Recognition and Deferred Revenue  
Deferred Revenue Disclosure [Text Block]

NOTE 6– DEFERRED REVENUE

 

On January 27, 2012, the Company granted licensing rights for five years in the state of Florida for $300,000 payable as the licensee performs procedures.  The licensing fees are amortized to income over the term on the license agreement.