RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2012

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 8 – RELATED PARTY TRANSACTIONS

At March 31, 2012 and December 31, 2011, five shareholders of the Company held $577,500 of the senior secured convertible notes payable.

One shareholder held $140,000 of convertible notes payable as of March 31, 2012 and December 31, 2011.

At March 31, 2012 and December 31, 2011, two shareholders of the Company held $636,500 of unsecured notes payable.

The Company maintains its office at the home of its Chief Executive Officer and President. No formal lease agreement exists and no direct rent expense has been incurred. However, related occupancy costs of $8,359 and $2,986, respectively, were incurred during the three months ended March 31, 2012 and 2011.