Quarterly report pursuant to sections 13 or 15(d)

STOCKHOLDERS EQUITY

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STOCKHOLDERS EQUITY
 3 Months Ended
Mar. 31, 2012
Notes to Financial Statements  
STOCKHOLDERS EQUITY (DEFICIT)

 

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 March 31, 2012 and December 31, 2011. As of December 31, 2011, there were 37,508,091 shares of Common Stock and -0- Preferred Shares outstanding. During the three months ended March 31, 2012, we did not sell any additional shares of common stock to the public. On March 29, 2012, our Board of Directors approved a stock grant for a small group of employees that granted 802,500 shares of Common Stock valued at $0.10 per share. There were 38,310,591 common shares and -0- preferred shares issued and outstanding at March 31, 2012.