Jag Air flight to nowhere now boarding
JAG Sky Inc. (“JAG”), a private air charter services company wholly-owned by an Officer and Director of Focus, for air travel to be used at a later date. During the three months ended December 31, 2012, the Company used $13,000 of air travel (2011 - $Nil). As at December 31, 2012, the Company had a remaining unused balance of $184,578 ($39,268 as at September 30, 2012), which is included in prepaid expenses.
Nice to see Jag Air still being supported by FMS shareholders.