Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Subsequent Event

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Note 7 - Subsequent Event
3 Months Ended
Jun. 30, 2011
Subsequent Events [Text Block]
7.
SUBSEQUENT EVENT

During the third quarter of 2011, the Company successfully negotiated and entered into agreements with certain legacy and on-going vendors to settle prior outstanding payable balances.  The impact of such agreements to settle outstanding payable balances was $220,000 less than carrying value, which was immediately recognized as a credit to selling, general and administrative expenses upon settlement.