CONVERSION OF ACCRUED PAYROLL TO STOCK

12 Months Ended

Dec. 31, 2012

Conversion Of Accrued Payroll To Stock [Abstract]

Conversion Of Accrued Payroll To Stock [Text Block]

13. CONVERSION OF ACCRUED PAYROLL TO STOCK

During the year ended December 31, 2012, the Company converted $54,000 of accrued payroll to 12,324,832 shares of restricted stock for services rendered in 2012. The $.0044 conversion price was calculated based on the average market price during 2012. During the first quarter ended March 31, 2012, the Company converted $45,000 of accrued payroll from 2011 to 10,000,000 shares of restricted common stock at $.0045 per share. At the end of December 2011, the employee provided the Company the option to pay the amount due in cash or in stock if additional shares became authorized in the first quarter of 2012. The $.0045 conversion price was based on the market price on the effective date of agreement.