April 13, 2012, the Company filed with the SEC a
registration statement on Form S-1 for the purpose of
raising up to $8 million through the sale of up to 16
million shares of its common stock. The
registration statement became effective on June 6,
2012. As of the date of this filing,
has been raised and 141,250 shares
October 2012, two private lenders agreed to loan to the
Company a total of $1,700,000 secured and to be paid down
by using the Company's credit card receipts for online
purchases. The loan bears interest of 6% p.a.
and matures on October 14, 2014. The lenders
each received one share of the Company's common stock for
each dollar they loaned, respectively. The
proceeds are being used to pay down tax liabilities and
for operating capital.