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13. Joing Venture Profit Sharing	12 Months Ended
Dec. 31, 2011
Notes to Financial Statements
13. Joing Venture Profit Sharing	13. JOINT VENTURE PROFIT SHARING During 2011 the Company entered into an agreement with CRA, Inc. regarding a sale of 60 scanners to a municipal school system. Under the terms of the deal CRA, Inc. purchased all of the materials and paid substantially all of the cost, View Systems, Inc. assembled the products, shipped the scanners for installation and billed the school system. The terms of the agreement provide that each party is to share equally in the profits. As of December 31, 2011 the Company owed $106,366 to CRA, Inc. which included reimbursements for materials and for CRA’s share of the profit in the amount of $27,345. CRA’s share on the profit is reflected on the financial statements as a financing expense. Subsequent to December 31, 2011 the Company paid $80,412 to CRA leaving a balance in the amount of $25,954 still due as of the date of this report. The Company is technically in default under the terms of the agreement because of late payments.

13. Joing Venture Profit Sharing

12 Months Ended

Dec. 31, 2011

13. JOINT VENTURE PROFIT SHARING

During 2011 the Company entered into an agreement with CRA, Inc. regarding a sale of 60 scanners to a municipal school system. Under the terms of the deal CRA, Inc. purchased all of the materials and paid substantially all of the cost, View Systems, Inc. assembled the products, shipped the scanners for installation and billed the school system. The terms of the agreement provide that each party is to share equally in the profits. As of December 31, 2011 the Company owed $106,366 to CRA, Inc. which included reimbursements for materials and for CRA’s share of the profit in the amount of $27,345. CRA’s share on the profit is reflected on the financial statements as a financing expense. Subsequent to December 31, 2011 the Company paid $80,412 to CRA leaving a balance in the amount of $25,954 still due as of the date of this report. The Company is technically in default under the terms of the agreement because of late payments.