Anybody ever heard of Index for clinical Excellence Ltd? I did a search and came up with nothing. We received a non interest bearing note...I suppose not unusual?
From 10Q filed 10/12/2010
Index for Clinical Excellence, Ltd.
On January 25, 2010, the assets of Verras were sold for $250,000. At closing we received $62,500 and a non-interest bearing promissory note for $187,500 from Index for Clinical Excellence, Ltd. Terms of the note require payment on each of the three, six and nine month anniversaries of the closing date. Due to the nominal amount of the note and its short term duration interest income was not separately accounted for. During April 2010 we received $62,500 and during July 2010 we received $62,500 consisting of the three and six month anniversary payments on the note. At May 31, 2010 the balance of the note was $125,000 and at August 31, 2010 the balance of the note is $62,500.
