New UNDT news:
From the 10Q:
The Company has an accumulated deficit of $48,813,783 as of June 30, 2012, including a net loss of $766,366 during the six months period ended June 30, 2012.
During the first six months of 2012, the Company sold detection kits under various purchase agreements for $56,184. The Company also entered into various agreements to issue 35,267 shares of its common stock to third parties in order to convert outstanding debt to the respective parties. The value of the stock issued in consideration for the debt conversion was $141,071. The Company issued 38,500 shares of its common stock to its President and CEO to satisfy outstanding debt and accrued salary valued at $770,000.
