RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2013

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

NOTE 5 RELATED PARTY TRANSACTIONS

On November 19, 2012, the Company entered into a convertible debenture agreement with a Board Member for $100,000. Under the original terms of the agreement, Interest is payable at 10% per annum, payable on the maturity date of May 19, 2013. The Company issued warrants to purchase 10,000 shares of the Company Stock, at an exercise price of $ 1.10. The debenture is convertible into shares of Company Common Stock on or before the Maturity Date, at a conversion rate of $1.10 per share.	$	100,000
Total Due to Related Parties	$	100,000

   

On May 19, 2013 a Promissory Note Extension Agreement was signed to extend the maturity date of the $10,000debenture to August 19, 2013.

In June 2013, the Company paid off in full a separate debenture (dated June 20, 2012), which totaled $200,000 plus $24,000 interest.