CONVERTIBLE DEBT

9 Months Ended

Sep. 30, 2012

Debt Disclosure [Abstract]

CONVERTIBLE DEBT

NOTE 4 - CONVERTIBLE DEBT

Notes payable at September 30, 2012 and December 31, 2011:

	September 30, 2012		December 31, 2011
	(unaudited)		(unaudited)
Global Atomic Inc. demand note payable to related party at 10% per year, convertible into common stock at $1.00 per share	$	4,000	$	4,000
International Fission demand note payable to related party at 10% per year, convertible into common stock at $1.00 per share		15,000		15,000
Jackie Brown, demand note payable to related party, non -interest bearing, convertible into common stock at $1.00 per share		20,000		20,000
John Powers note payable to related party, convertible into common stock At a 50% discount to market; interest rate 14%; maturity June 4, 2009		—		13,444
John Powers note payable to related party, convertible into common stock At a 50% discount to market; interest rate 14%; maturity June 4, 2009		—		8,000
Total notes payable		39,000		60,444
Less: current portion		39,000		(60,444	)
Balance notes payable (long term portion)	$	—	$	—

During the three months ended June 30, 2009, we repaid two convertible notes aggregating $21,444. As a result, the fair value of the derivative liability associated with the conversion feature of these notes on the date of repayment, aggregating $12,607, was reclassified to additional paid-in capital.