SUBSEQUENT EVENTS
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3 Months Ended |
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Sep. 30, 2012
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Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS |
NOTE 11 – SUBSEQUENT EVENTS
On October 29, 2012, in connection with the exercise of options by our former employee, we issued 100,000 shares of our common stock for a purchase price of $4,000.
On October 30, 2012, we completed an additional closing under the August 2012 private placement described in Note 6 pursuant to which we sold to one (1) accredited investor 241,437 shares of our common stock and issued 48,287 five year warrants for a total net proceeds approximating $93,000. |
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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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