Notes from last filing-No real changes reported, just some clean-up of an old 10k.
Explanatory Note
The amended 10-KSB has been filed to correct the effects of the improper
expensing of $375,250 of bad debts relating to doubtful collections of accounts
receivable associated with the Company's license agreement with Global Marketing
Pty. Ltd. No revenue was ever recognized on this license agreement and therefore
the bad debt allowance should have been recorded as a reduction of the
associated deferred revenue, rather than as a charge to operations pursuant to
SAB No. 104.
No other changes have been made to our Annual Report on Form 10-KSB which was
filed with the Securities and Exchange Commission on October 24, 2006 (the
Original Report).