DUE TO RELATED PARTIES

3 Months Ended

Mar. 31, 2012

NOTE 5. DUE TO RELATED PARTIES

Due to related parties consists of the following at:

	March 31,		December 31,
	2012		2011

Due to Northshore Orthopedics Associates	$	71,600	$	1,020,200

Due to Chief Executive Officer		310,699		310,699

	$	382,299	$	1,330,899

Amounts due to Northshore Orthopedics Associates (“NSO”, a company owned by our Chief Executive Officer) and our Chief Executive Officer are non-interest bearing, due on demand and do not follow any specific repayment schedule. We used the amounts received to meet its working capital requirements. In February 2012, we converted into common stock $1,020,200 of outstanding debt owed to NSO (see Note 8 for more details of this conversion).

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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