Stockholders' Deficit

6 Months Ended

Jun. 30, 2013

Equity [Abstract]

Stockholders' Deficit

Note 6 - Stockholders’ Deficit

Series A Cumulative Convertible Preferred Stock

On May 3, 2013, a stockholder converted $100,000 of the Company’s Series A Cumulative Convertible Preferred Stock into 250,000 shares of the Company’s common stock, par value $0.0001 per share, at a conversion price of $0.40 per share.

Warrants

The following is a summary of the Company’s warrant activity:

	Warrants		Weighted Average Exercise Price
Outstanding – December 31, 2012		7,987,274	$	0.45
Granted		-	$	-
Exercised		-	$	-
Forfeited/Cancelled		-	$	-
Outstanding – June 30, 2013		7,987,274	$	0.45
Exercisable – June 30, 2013		7,987,274	$	0.45

Warrants Outstanding								Warrants Exercisable
Range of exercise price		Number Outstanding		Weighted Average Remaining Contractual Life (in years)		Weighted Average Exercise Price		Number Exercisable		Weighted Average Exercise Price
$	0.40 – 0.60		7,987,274		2.85	$	0.45		7,987,274	$	0.45

At June 30, 2013 and 2012, the total intrinsic value of warrants outstanding and exercisable was $0 and $0, respectively.