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NOTE 7 - Related Party Transactions
3 Months Ended
Mar. 31, 2012
Related Party Transactions Disclosure [Text Block]
NOTE 7 – Related Party Transactions

All intercompany transactions have been eliminated in consolidation.  All intercompany balances do not bear interest.

In May of 2010, the Company authorized 750,000 shares of its restricted common stock to an employee and two officers for their services.  The fair value of the shares issued was $150,000, or $0.20 per share, and was expensed as of December 31, 2010 but not issued.  850,000 of the shares were issued and 150,000 shares were canceled in the three months ended March 31, 2011.

As of March 31, 2012 and December 31, 2011, the Company owed accrued payroll to one of its officers/directors in the amount of $13,500.