STOCKHOLDERS’ EQUITY

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements

STOCKHOLDERS’ EQUITY

NOTE 9 – STOCKHOLDERS’ EQUITY

During the year ended December 31, 2009, the Company issued 7.2 million shares of the Company’s common stock, which were valued at $47,700 for consulting services.

During the year ended December 31, 2009, the Company issued 48,750,000 to retire notes payable valued at $260,000 and the associated accrued interest of $52,041.

On July 22, 2010, the Company issued 1 million shares of the Company’s common stock, valued at $9,000 to a consulting group.

On September 23, 2010, the Company issued 3 million shares of the Company’s common stock, valued at $24,000 to a consultant.

On September 23, 2010, the Company issued 4 million shares of the Company’s common stock, valued at $32,000 to a board member for services.

On September 23, 2010, the Company issued 17,750,000 shares of the Company’s common stock, valued at $142,000 to the President of the Company as payment against his accrued salary.

On September 29, 2010, the Company issued 200,000 shares of the Company’s common stock, valued at $1,600 to a consultant.

On February 17, 2011, the Company issued 1 million shares of the Company’s common stock, valued at $30,000 to a consultant.

On April 7, 2011, a board member returned 2 million shares of the Company’s common stock, valued at $15,000 to the treasury.

On April 7, 2011, the President of the Company returned 10 million shares of the Company’s common stock, valued at $75,000 to the treasury.

On April 28, 2011, the Company purchased 17,795,903 shares of the Company’s outstanding common stock for $17,796 and placed them in the treasury.

On May 25, 2011, the Company sold 15.5 million shares of the Company’s stock to an investor for $400,000.

On May 25, 2011, the Company issued 2.1 million shares of the Company’s stock, valued at $2,100 to a consultant for raising the $400,000 associated with the sale of the 15.5 million shares.

On June 24, 2011, an investor exercised a warrant to purchase 1 million shares of the Company’s common stock, which raised $10,000 for the Company.