SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2013

Subsequent Events [Abstract]

Subsequent Events [Text Block]

25. SUBSEQUENT EVENTS

On January 31, 2014, and February 28, 2014, Mr. Alexander F. Purdon, was issued 387,530 and 402,610 shares of restricted common stock, respectively, in lieu of cash for $4,500 employee compensation for each of the two months ended February 28, 2014. The number of shares issues was based on the weighted average share price during the months in which the services were rendered.

Conversions of debentures to shares of common stock occurred subsequent to December 31, 2013. The stock was issued upon partial conversion of a convertible note without restrictive legend pursuant to Rule 144, as the holder acquired convertible note issued by the Company more than six months prior to the date of conversion and did not pay any additional consideration for the shares. Conversions were as follows (ref. number corresponds to lender reference number in Note 12. CONVERTIBLE DEBENTURES):

Ref (4) lender –

On March 13, 2014, the lender converted $1,040 of its debenture to 196,226 shares. 

On March 5, 2014, the lender converted $980 of its debenture to 196,000 shares.

On February 26, 2014 the lender converted $960 of its debenture to 195,918 shares.

On February 7, 2014, the lender converted $865 of its debenture to 196,591 shares

On February 4, 2014, the lender converted $960 of its debenture to 195,918 shares.

On January 28, 2014, the lender converted $645 of its debenture to 195,455 shares.

On January 24, 2014, the lender converted $645 of its debenture to 195,455 shares.

On January 17, 2014, the lender converted $648 of its debenture to 196,364 shares.

On January 7, 2014, the lender converted $727 of its debenture to 196,486 shares.