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Subsequent Events
3 Months Ended
Mar. 31, 2013
Subsequent Events [Text Block]
10.

Subsequent Events

 

In preparing these financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through the date the financial statements were issued.

   
 

During April and May of 2013, $45,000 of notes payable was converted into 5,658,784 shares of common stock.

   
 

In April of 2013, the Company entered into an exchange agreement with Hanover which changed the maturity date of the note payable to Hanover to November 4, 2014 and changed the conversion price to $.008. The note balance was $51,500 as of March 31, 2013. The Company also borrowed an additional $5,000 from Hanover in April of 2013.