Annual report pursuant to Section 13 and 15(d)

NOTE 8. OTHER MATTERS

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NOTE 8. OTHER MATTERS
12 Months Ended
Dec. 31, 2013
Notes to Financial Statements  
NOTE 8. OTHER MATTERS

In 2012 the Company filed an action in the Superior Court of California, Orange County against a shareholder group for business interference and breach of contract. The shareholder group had alleged various accusations of malfeasance toward the Company and filed an involuntary bankruptcy action against the Company in US Bankruptcy Court, Santa Ana Division. In January 2013 the parties reached a settlement whereby the Company agreed to pay various judgments held by the shareholder group of approximately $65,000 in exchange for the shareholder group surrendering its shares in the Company.