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SUBSEQUENT EVENTS
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3 Months Ended |
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Mar. 31, 2014
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| SUBSEQUENT EVENTS | |
| SUBSEQUENT EVENTS |
NOTE 9 - SUBSEQUENT EVENTS
HEP Investments
On April 15, 2014, the Company and HEP Investments, LLC, a Michigan limited liability company (“Lender”), entered into the following documents, effective as of April 15, 2014: (i) Fourth Amendment to Loan Agreement under which the Lender has agreed to advance an additional $500,000 up to a total of $4,550,000 to the Company, subject to certain conditions, and (ii) an Amended and Restated Senior Secured Convertible Promissory Note. These agreements amend agreements the Company entered into with HEP Investments as previously disclosed.
Other Investment
As of May 6, 2014, the Company received $200,000 from sales of 1,000,000 shares of its common stock. |
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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. No definition available.
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