3. Common Stock Transactions

3 Months Ended

Mar. 31, 2013

Notes

3. Common Stock Transactions

3  Common Stock Transactions

During the three months ended March 31, 2013, the Company issued 250,000 shares of common stock valued at $62,500 to retire a debt of $25,000, resulting in a loss on debt settlement of $34,895.  All shares issued were valued based upon the closing price of the Company’s common stock at the date of the grant.

During the three months ended March 31, 2013, the Company reached an agreement to settle $300,000 of debt with 2,857,142 shares of common stock valued at $714,286, resulting in a loss on debt settlement of $414,286.  All shares issued were valued based upon the closing price of the Company’s common stock at the date of the grant. Shares had  not been issued as of March 31, 2013.