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SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2011
SUBSEQUENT EVENTS [Text Block]

NOTE 10 – SUBSEQUENT EVENTS

 

In June 2011 the Company commenced a non-public offering of up to 4,000,000 shares of common stock at $1.15 per share.  The offering is scheduled to terminate on or before January 31, 2012.  No shares were sold prior to June 30, 2011.  As of September 30, 2011, the Company had raised $316,125 in gross proceeds from the offering and had issued 274,891 shares. During the month of October 2011, an additional 12,657 shares were issued providing $14,566 in gross proceeds.  The shares offered and sold in this non-public equity financing have not been and will not be registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.