|3 Months Ended|
Mar. 31, 2016
|Subsequent Events [Abstract]|
NOTE 17. SUBSEQUENT EVENTS
On April 1, 2016, we paid in full our short-term related party obligation, due to our Chief Executive Officer, in the amount of $535,000. Of this amount, $500,000 was related to principal and $35,000 was related to interest.
In accordance with ASC 855-10, we have analyzed our operations subsequent to March 31, 2016 to the date of these financial statements were issued, and have determined that we do not have any material subsequent events to disclose in these financial statements other than the events discussed above.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
No definition available.