SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2013

NOTE L – SUBSEQUENT EVENTS

On January 17, 2014, the Company entered into a Financial Advisory Agreement (the “Agreement”) with Landmark Financial Corporation (‘Landmark”). The Agreement provides that Landmark will provide certain financial advisory services for a minimum period of 6 months, and as consideration for these services, the Company will pay Landmark (a) a retainer fee consisting of 208,333 restricted shares of common stock and (b) a “success fee” for the consummation of each and any transaction closing during the term of the Agreement and for 24 months thereafter, between the Company and any party first introduced to the Company by Landmark, or for any other transaction not originated by Landmark but for which Landmark provides substantial support in completing during the term of the Agreement. There is no material relationship between the Company and Landmark, other than with respect to the Agreement. The Company issued 208,333 restricted shares of common stock to Landmark on January 28, 2014.

The Company’s Mortgage Consolidation Loan with First Niagara matured on March 1, 2014. As of the date of this filing, the Company is discussing an extension of the Mortgage Consolidation Loan with First Niagara.