Annual report pursuant to section 13 and 15(d)

NON-CASH INVESTING AND FINANCING CASH FLOW DISCLOSURES

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NON-CASH INVESTING AND FINANCING CASH FLOW DISCLOSURES
12 Months Ended
Dec. 31, 2011
Notes to Financial Statements  
NON-CASH INVESTING AND FINANCING CASH FLOW DISCLOSURES

 

We sold 101,250 shares of common stock to employees in exchange for various notes receivable totaling $40,500. As of December 31, 2011 and 2010, $3,916 and $10,520, respectively, was still outstanding and has been recorded as a stock subscription receivable.

 

During the year ended December 31, 2010, we issued 40,000 shares of common stock in settlement of accounts payable. We issued 450,000 shares of common stock in connection with an asset acquisition from T&P Gaming.

 

During the year ended December 31, 2011, we issued 2,000,000 shares of common stock as partial payment in connection with an asset acquisition from Prime Table Games.