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Note 20 - Subsequent Events
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12 Months Ended |
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Dec. 31, 2011
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| Notes to Financial Statements | |
| Note 20 - Subsequent Events |
NOTE 20 – SUBSEQUENT EVENTS
On January 2, 2012, the Company issued 100,000 shares of common stock to a newly elected independent board member in payment of directors’ fees for the year ended December 31, 2012. The shares were valued at $0.10 per share based on the market value of the Company’s common stock on the date of the grant.
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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.
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