Annual report pursuant to section 13 and 15(d)

Stockholders Equity (Deficit)

v2.4.0.6
Stockholders Equity (Deficit) (USD $)
Common Stock
Additional Paid-In Capital
StockWarrents
Stock Subscription Receivable
Accumulated Deficit
Total
Beginning balance, amount at Dec. 31, 2009 $ 32,056 $ 944,774 $ 147,504 $ (25,967) $ (1,578,034) $ (478,667)
Beginning balance, shares at Dec. 31, 2009 33,056,186          
Payments received on stock subscription receivable       15,447    15,447
Shares issued for payment of accounts payable 40 15,960       1,600
Shares issued for payment of accounts payable (in shares) 40,000          
Shares issued under private placement financing 1,428 498,572       500,000
Shares issued under private placement financing (in shares) 1,428,572          
Share based compensation expense   26,665       26,665
Issuance of stock warrants 450 89,550       90,000
Issuance of stock warrants (in shares) 450,000          
Net loss         (135,861) (135,861)
Ending balance, amount at Dec. 31, 2010 34,975 1,252,393 470,632 (10,520) (1,713,895) 33,584
Ending balance, shares at Dec. 31, 2010 34,974,759          
Payments received on stock subscription receivable       6,605   6,605
Shares issued for payment of accounts payable 533 199,467 266,667     200,000
Shares issued for payment of accounts payable (in shares) 533,333          
Share based compensation expense   28,000       28,000
Issuance of stock warrants   (42,549) 42,549       
Shares issued in connection with asset acquisition 2,000 478,000       480,000
Shares issued in connection with asset acquisition (in shares) 2,000,000          
Net loss         (640,086) (473,336)
Ending balance, amount at Dec. 31, 2011 $ 37,508 $ 1,915,311 $ 513,181 $ (3,915) $ 2,353,981 $ 274,852
Ending balance, shares at Dec. 31, 2011 37,508,091