Board of Directors and Advisory Board Compensation	3 Months Ended
Mar. 31, 2012
Notes to Financial Statements
Note 5. Board of Directors and Advisory Board compensation	Directors are expected to timely and fully participate in all regular and special board meetings, and all meetings of committees that they serve on. In December 2011, the Board voted to authorize the issuance of shares in lieu of cash compensation for past services. Per the Director Agreements, the Company compensates each of the directors through the initial grant of 200,000 shares of common stock and the payment of a cash fee equal to $1,000 plus travel expenses for each board meeting attended, and $75,000 per year as compensation for serving on our board of directors. As of March 31, 2012 , the Company recorded professional fees in the accompanying condensed consolidated statement of operations of $131,250, of which the Company has accrued cash compensation due to its directors (both current and former) of $56,250 and as of December 31, 2011 the Company had accrued $1,173,900, which is calculated based upon time of service and the number of Board meetings attended and is included in accrued compensation in the accompanying condensed consolidated balance sheet. During the current period, the Company issued shares to the board of directors for prior and current year compensation fees due (see Note 4). The Company’s advisory board is comprised of three members. Each advisory board member is granted 56,250 shares upon joining the board and 75,000 shares annually thereafter. As of March 31, 2012, the Company was obligated to issue 56,250 shares to the advisory board members and has recorded the fair market value of these shares as an accrued liability totaling approximately $2,250 in accrued expenses in the accompanying condensed consolidated balance sheet. During the current period, the Company issued shares to the advisory board for prior and current compensation fees due (see Note 4).

Board of Directors and Advisory Board Compensation

3 Months Ended

Mar. 31, 2012

Note 5. Board of Directors and Advisory Board compensation

Directors are expected to timely and fully participate in all regular and special board meetings, and all meetings of committees that they serve on. In December 2011, the Board voted to authorize the issuance of shares in lieu of cash compensation for past services.

Per the Director Agreements, the Company compensates each of the directors through the initial grant of 200,000 shares of common stock and the payment of a cash fee equal to $1,000 plus travel expenses for each board meeting attended, and $75,000 per year as compensation for serving on our board of directors. As of March 31, 2012 , the Company recorded professional fees in the accompanying condensed consolidated statement of operations of $131,250, of which the Company has accrued cash compensation due to its directors (both current and former) of $56,250 and as of December 31, 2011 the Company had accrued $1,173,900, which is calculated based upon time of service and the number of Board meetings attended and is included in accrued compensation in the accompanying condensed consolidated balance sheet. During the current period, the Company issued shares to the board of directors for prior and current year compensation fees due (see Note 4).

The Company’s advisory board is comprised of three members. Each advisory board member is granted 56,250 shares upon joining the board and 75,000 shares annually thereafter. As of March 31, 2012, the Company was obligated to issue 56,250 shares to the advisory board members and has recorded the fair market value of these shares as an accrued liability totaling approximately $2,250 in accrued expenses in the accompanying condensed consolidated balance sheet. During the current period, the Company issued shares to the advisory board for prior and current compensation fees due (see Note 4).