SUBSEQUENT EVENT

12 Months Ended

Dec. 31, 2016

NOTE K – SUBSEQUENT EVENT

In February 2016, the Company filed a complaint in the Supreme Court of the State of New York in Columbia County against Premier Biotech Inc., Premier Biotech Labs, LLC and its principals, including its President Todd Bailey, and Peckham Vocational Industries, Inc. (together the “Defendants”). Mr. Bailey formerly served as the Company’s Vice President of Sales and Marketing, and as a sales consultant until December 23, 2016. The complaint seeks preliminary and permanent injunctions and a temporary restraining order against Todd Bailey (for his benefit or the benefit of another party or entity) related to the solicitation of Company customers as well as damages related to any profits and revenues that would result from actions taken by the Defendants related to Company customers. As of the date of this report, the Defendants (with the exception of Peckham Vocational Industries, Inc), have moved to transfer the complaint from the Supreme Court of the State of New York in Columbia County to the United States District Court for the Northern District of New York. The parties are awaiting the court’s decision on this motion.