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9. COMMITMENTS
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3 Months Ended |
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Mar. 31, 2013
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| Commitments and Contingencies Disclosure [Abstract] | |
| Commitments |
The Company leases its office space pursuant to a month to month lease agreement beginning April 1, 2013 and which provides for a monthly rent of $1,500. The landlord is a limited liability company of which a director of the Company is the sole member.
On March 18, 2013, the Company entered into a purchasing contract with a third party supplier of CBD to provide up to a maximum of 1,000 kg of product. In addition, the Company entered into a consulting agreement with the third party supplier to provide consulting oversight for the growth and production of the product from the period beginning March 1, 2013 through August 30, 2014. As of March 31, 2013, the Company owed approximately $4.9 million to those suppliers under these agreements. |