Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Deferred Revenue

v2.4.0.6
Note 6 - Deferred Revenue
9 Months Ended
Sep. 30, 2012
Notes  
Note 6 - Deferred Revenue

 

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.