Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS

v2.4.0.8
SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2014
SUBSEQUENT EVENTS [Abstract]  
SUBSEQUENT EVENTS

NOTE 14 - SUBSEQUENT EVENTS


On July 16, 2014 a note for $165,000 owed to a stockholder of the company matured.  Although the Company has made principal payments of approximately $15,000 towards the outstanding balance, there were insufficient available funds to pay the balance of the note at the time of its expiration.  The Company has requested and been granted a 1-year extension the terms of which are still being finalized as of the publication of this report.


On August 11, 2014, an investor agreed to advance the Company's subsidiary, TrueVue 360 Inc., $50,000 against future receivables.  The terms of the advance require repayment over the next 12 months of $4,800 every 4 weeks for a total $62,400.  $40,000 of this advance was transferred to ISA as partial payment for $60,000 of software development costs incurred on behalf of TrueVue 360 for the TrueVue IT Software as a Service (SaaS) offering.