We performed a review of events subsequent to the balance sheet date through the date the financial statements were issued and determined, except as disclosed herein, that there were no other such events requiring recognition or disclosure in the financial statements.

On August 8, 2013, we received $160,000 in a one year note from an existing shareholder. Terms of the note included 18% annual interest, a three year warrant to acquire 160,000 shares of common stock at $0.40 per share, and a right to convert the note into the next equity transaction of the Company.