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10-K - ANNUAL REPORT - American Housing REIT Inc.otgi_10k.htm
EX-32.1 - CERTIFICATION - American Housing REIT Inc.otgi_ex321.htm
EX-31.1 - CERTIFICATION - American Housing REIT Inc.otgi_ex311.htm
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v2.4.0.6
8. Commitments and Contingencies
12 Months Ended
Sep. 30, 2012
Notes to Financial Statements  
8. Commitments and Contingencies

 

Note 8.  Commitments and Contingencies    

 

Through a perpetual licensing agreement with FN Implementation and Financing Partners, Inc (“FNIFP”) (the “Licensing Agreement”) dated as of December 31, 2009, the Company was granted full access and use to the proprietary reporting methodology to AccountMETRICing Architecture™(“AAI”). AAI is a reporting system that is built on the specific needs of clients to understand and manage key performance indicators related to their business. Under the Licensing Agreement the Company will payout a 5% royalty on all clients that specifically utilize the reporting methodology along with the other services provided by the Company. No royalty fees have been earned from inception through September 30. 2012.

 

Other than the royalties to be paid under the perpetual licensing arrangement the Company has no leases or other written contractual agreements.