MANAGEMENT'S PLAN

12 Months Ended

Dec. 31, 2011

Management Plan Disclosure [Abstract]

MANAGEMENT'S PLAN

2. MANAGEMENT’S PLAN

The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplates continuation of the Company as a going concern.

The Company incurred a net loss of $2,534,444 in 2011 which increased the accumulated deficit to $12,674,194 at December 31, 2011. This raises substantial doubt about the Company’s ability to continue as a going concern. Management believes that adequate funding will be available to the Company to support its operations through continuing investments of equity by qualified investors, internally generated working capital and monetization of intellectual property assets.