• Filing Date: 2013-04-12
  • Form Type: 10-K
  • Description: Annual report
v2.4.0.6
Commitment and Contingencies (Details) (USD $)
Mar. 25, 2013
Feb. 27, 2013
Dec. 31, 2012
Jan. 28, 2012
Dec. 31, 2011
Oct. 31, 2009
Jan. 03, 2008
Upfront royalty payable             $ 100,000
Percentage of royalty on gross sales             15.00%
Additional upfront royalty payable           400,000  
Percentage of royalty on all sales occurring after the payment of the $400,000 upfront royalty           3.00%  
Minimum aggregate annual royalty payment           375,000  
Unpaid royalties     803,238   428,238    
Royalty payments made 107,500 420,000          
Unpaid payroll taxes         116,145    
Unpaid related penalties and interest         224,494    
Payment for the balance due for payroll tax liabilities from 2004-2005 and for a portion of the interest and penalties       122,223      
Final payment due under the offer of compromise. $ 16,000