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Equity
9 Months Ended
Sep. 30, 2011
Equity 
Stockholders' Equity Note Disclosure [Text Block]

8.  Equity

 

During the nine months ended September 30, 2011, the Company issued 10,849,989 shares of common stock.

 

The Company issued 148,465 shares for cash received in 2010 at $0.77 per share, which were classified as shares to be issued as of December 31, 2010, or $115,000.  

 

On January 15, 2011, the Company issued 8,000 shares for services valued at $0.75 per share, or $6,000.

 

The Company issued 5,708,416 shares in exchange for $148,200 in debt relief. See Note 11.

 

In May 2011, the Company received $20,000 for the issuance of 200,000 shares.  

 

On May 12, 2011 the Company issued 1,900,000 shares to consultants in exchange for services.  The shares were valued at the fair value of $0.12 per share, or $228,000, and recorded as stock compensation to the consultants.

 

On August 9 , 2011 the Company issued 1,344,037 shares to consultants in exchange for services.  The shares were valued at the fair value of $0.03 per share, or $39,000, and recorded as stock compensation to the consultants.

 

On July 6, 2011, the Company received $30,000 for the issuance of 428,571 shares valued at $0.07 per share.

 

On September 1, 2011, the Company received $40,000 for the issuance of 500,000 shares valued at $0.08 per share.

 

On September 2, 2011, the Company received $30,000 for the issuance of 375,000 shares valued at $0.08 per share.

 

On September 6, 2011, the Company received $14,000 for the issuance of 175,000 shares valued at $0.08 per share.

 

On September 6, 2011, the Company received $5,000 for the issuance of 62,500 shares valued at $0.08 per share.