SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2013

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

12. SUBSEQUENT EVENTS

The Company issued 1,019,231 shares of compensation shares to a management executive in lieu of $26,500 cash compensation for services rendered during the first quarter of 2013 which had been recorded at a value of $1,019 in stock based compensation based upon individual tax elections made by the recipient. The shares were awarded on Restricted Stock Agreements which have a six month time lapse restriction and are subject to forfeiture upon voluntary termination of employment.