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