Stockholders' Equity

6 Months Ended

Jun. 30, 2012

Stockholders' deficit:

Stockholders' Equity

4. Stockholders’ Equity

As of June 30, 2012, the Company has an obligation to issue approximately 100,000 shares of its restricted common stock to an investor.  The accompanying unaudited condensed consolidated financial statements reflect an accrual of approximately $5,000 for these unissued shares as of June 30, 2012.

As of June 30, 2012 and December 31, 2011, there were 121,925,244 and 120,479,461 shares of common stock issued and outstanding respectively.