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 such events requiring recognition or disclosure in the financial statements.

Short-Term Loan

We received a loan of $293,000 from an investor. The loan matures in six months and accrues 6% interest.

Common Stock Issuances

In October 2012, we issued 260,000 shares of restricted common stock to investor relations firms for payment of services to be rendered within one year.

Subsequent to September 30, 2012, 50 shares of Series E Preferred Stock and make-whole dividends of $21,764 were converted into 145,277 shares of the Company’s common stock.

In October 2012, the Company issued 100,000 shares of our common stock to Mr. Schumacher in settlement of a $40,000 debt.