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Subsequent Events.
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6 Months Ended |
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Jun. 30, 2011
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| Subsequent Events [Abstract] | Â |
| Subsequent Events. | Note 9. Subsequent Events.
As a result of the interest payment on the Revolving Credit Commitment due June 30, 2011 being remitted on July 18, 2011 Crestpark deemed the Company to be in default and terminated the Revolving Credit Commitment. On July 22, 2011, the Company executed a promissory note (“Note”) with Crestpark in the amount of $250,000 which matures on September 20, 2011. Pursuant to the Note, Crestpark agrees to make advances to the Company from time to time upon request and subject to the conditions set forth in the Note. Upon request by the Company, Crestpark, in its sole and absolute discretion, may extend the Maturity Date for an additional thirty (30) days. Amounts borrowed and repaid may not be re-borrowed.
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