Quarterly report pursuant to sections 13 or 15(d)

STOCKHOLDERS EQUITY

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STOCKHOLDERS EQUITY
 3 Months Ended
Mar. 31, 2013
Equity [Abstract]  
STOCKHOLDERS EQUITY

 

We had 65,000,000 shares of $.001 par value common stock and 10,000,000 shares of $.001 par value preferred stock authorized as of March 31, 2013.

 

In March 2012, our Board of Directors approved a stock grant for a small group of employees that granted 802,500 shares of restricted common stock valued at $0.10 per share.

 

There were 38,310,591 common shares and no preferred shares issued and outstanding at March 31, 2013.