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STOCK BASED COMPENSATION
6 Months Ended
Jun. 30, 2011
STOCK BASED COMPENSATION _  
STOCK BASED COMPENSATION __ NOTE 5: STOCK BASED COMPENSATION The Company accounts for employee and non-employee stock awards under ASC 718 - Stock Compensation, formerly SFAS 123(r), whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to non-employees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable. The Company issued 1,300,000 shares as stock-based compensation during the three months ended June 30, 2011. The shares were valued at the fair value of the shares at the date of issuance. A charge of $4,500 is included in the income statement for the six months ended June 30, 2011. An additional $8,500 has been classified as prepaid expense at June 30, 2011 as the service represented by the issuance was for a three month period.