NOTE 9 - COMMITMENTS AND CONTINGENCIES (Details Narrative) |
12 Months Ended | |
---|---|---|
Aug. 30, 2013
USD ($)
$ / shares
shares
|
Mar. 31, 2014
USD ($)
|
|
Commitments and Contingencies Disclosure [Abstract] | ||
Base salary - president | $ 175,000 | |
Annual increase rate | .10 | |
Car allowance per month | $ 500 | |
Anual bonus rate | 25.00% | |
Additional bonus 1 | $ 75,000 | |
Pre-Tax income increase rate - minimum | 150.00% | |
Pre-Tax income increase rate - maximum | 20000.00% | |
Additional bunus | $ 100,000 | |
Pre-Tax income increase rate - minimum | 201.00% | |
Pre-Tax income increase rate - maximum | 250.00% | |
Additional bonus 3 | $ 200,000 | |
Pre-Tax income increase rate - minimum | 251.00% | |
Additional bonus to pre-tax income - maximum | 5.00% | |
Life insurance premiums | $ 10,000 | |
Options granted | shares | 4,500,000 | |
Options exercise price | $ / shares | $ 0.01 | |
Death benefit | $ 2,000,000 | |
Times of base amount upon change of control | 2.99 | |
Salary balance due and included accrued expenses | $ 297,242 |
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