Note 12 - Subsequent Events
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6 Months Ended |
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Jun. 30, 2012
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Notes | |
Note 12 - Subsequent Events |
NOTE 12 - SUBSEQUENT EVENTS
Subsequent issuances of common stock:
In August 2012, the Company issued 300,000 shares of its common stock in connection with a $ 150,000 note issued in April, 2012.
Advertising agreement
Effective August 1, 2012, the Company amended its Advertising Agreement, dated February 1, 2011, subsequently amended on March 11, 2011 and December 31, 2011 to remit fifteen percent (15%) royalty on all gross revenue realized by the Company from medical procedures and counseling sessions related to the Company's Alcohol Recovery Program conducted in the Santa Ana corporate office or affiliated surgery centers and offices in the Los Angeles metropolitan area.
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- Details
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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. No definition available.
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