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Subsequent Events
6 Months Ended
Jun. 30, 2012
Subsequent Events [Abstract]  
Subsequent Events [Text Block]

Note 14 – Subsequent Events

 

The Company has evaluated events subsequent to June 30, 2012 for disclosure. The only material event requiring disclosure in these unaudited condensed consolidated interim financial statements is the entering into of intellectual property licensing agreements with each of the Company’s Co-CEOs on August 10, 2012. Pursuant to the agreements, in exchange for exclusive, worldwide, perpetual, royalty-free and non-revocable licenses to use their names in connection with the Company and its affiliates and any products and services of the Company and its affiliates, each Co-CEO was issued 400,000 shares of common stock of the Company. The shares were valued at $1.31672 per share.