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Commitments and contingencies
12 Months Ended
Dec. 31, 2012
Commitments and Contingencies Disclosure [Abstract]  
Commitments and contingencies

Note 10. Commitments and contingencies

 

Legal Proceedings

 

Settled in 2012

 

None

 

Pending as of December 31, 2011

 

None

 

Other claims

 

Other Creditors. CCI was a party to a number of other proceedings, informal demands, or debt for services brought by former unsecured creditors to collect past due amounts for services. CCI is attempting to settle these demands and unfilled claims. CCI does not consider any of these claims to be material.

 

 

During the year ended December 31, 2012, the Company recorded a write off totaling $545,000 of trade debt deemed uncollectible by the holder due the expiration of the statute limitations. This adjustment was recorded as a reduction of selling, general and administration.

 

During the year ended December 31, 2011, the Company entered into a settlement with a vendor to pay $32,000. As a result, the vendor forgave $15,000 of debt. The settlement was recorded as a reduction in Research and Development expense.

 

Commitments

 

As a result of cash constraints experienced by the Company, the Illinois Franchise Taxes due for the year 2012, 2011, 2010 and 2009 have not been paid. CCI believes that it has made adequate provision for the liability including penalties and interest.