Quarterly report pursuant to sections 13 or 15(d)

Capital Stock

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Capital Stock
 9 Months Ended
Sep. 30, 2011
Capital Stock  
Capital Stock

Note 11: Capital Stock

 

We have 65,000,000 shares of $.001 par value common stock and 10,000,000 shares of $.001 par value preferred stock authorized as of September 30, 2011 and December 31, 2010.  During the nine months ended September 30, 2011, we sold a total of 533,333 shares of common stock and 266,667 warrants for total cash proceeds of $200,000.  During the year ended December 31, 2010, we sold a total of 1,428,572 shares of common stock and 714,286 warrants for total cash proceeds of $500,000.  There were 35,508,091 common shares and -0- preferred shares issued and outstanding at September 30, 2011.