CAPITAL STOCK

9 Months Ended

Sep. 30, 2011

CAPITAL STOCK [Abstract]

CAPITAL STOCK

NOTE 5 - CAPITAL STOCK

At September 30, 2011, the Company's authorized capital stock was 400,000,000 shares of Common Stock, par value $0.0001 per share, and 5,000,000 shares of Preferred Stock, par value $0.0001 per share.  On that date, the Company had outstanding 239,315,456 shares of Common Stock, and no shares of Preferred Stock.

During the three and nine months ended September 30, 2011, the Company issued 252,903 and 20,722,700 shares of Common Stock, respectively.  During the nine months ended September 30, 2011, the Company issued shares of Common Stock in the following transactions:

·

627,458 shares of Common Stock were issued for consulting services valued at $31,500.

·

2,000,000 shares of Common Stock were issued in payment of annual compensation to an officer valued at $142,000.

·

18,095,242 shares of Common Stock valued at $1,266,667 were issued in payment of accrued compensation.