20. SUBSEQUENT EVENTS
Subsequent to September 30, 2012 investors purchased 500,000 shares of the Company’s common stock for $626,743. The purchase agreement for 150,000 of the shares carries anti-dilution rights for 180 days and the right to purchase up to 150,000 additional shares for the same price for 180 days from the date of purchase.
On November 13, 2012, 7,500 shares of the Company’s common stock were issued for services with a grant date fair value of $1,500.
Subsequent to September 30, 2012, foreign exchange rates have changed; it is not practicable to determine the effect of these changes on these financial statements.