Note 11 - Subsequent Event

On October 11, 2016, our majority shareholder, Tigrent Inc. announced its plans to distribute substantially all of its holdings in Legacy to Tigrent shareholders. Approximately 16 million shares of our common stock will be distributed thereby increasing our public float significantly.

We have evaluated significant events and transactions that occurred after the balance sheet date and determined that there were no other events or transactions that would require recognition or disclosure in our condensed consolidated financial statements for the period ended September 30, 2016.