Stockholders’ Equity

3 Months Ended

Mar. 31, 2012

Stockholders' Equity Note [Abstract]

Stockholders’ Equity

NOTE 9 – STOCKHOLDERS’ EQUITY

The Company is authorized to issue 200,000,000 shares of common stock at a par value of $0.001. As of December 31, 2011 and 2010 the Company had 161,325,766 and 112,550,000 shares of common stock issued and outstanding, respectively. On August 25, 2011 the Company enacted a forward stock-split of the Company’s common stock on a twenty-shares-for-one-share basis. All discussion of common stock in these financial statements has been retroactively restated so as to show the effect of this forward stock-split.

For the year ended December 31, 2011 the Company issued 33,575,766 post-split shares of common stock (4,212,122 pre-split) at $0.04 per share for cash proceeds of $1,250,000. During the same fiscal period, the Company also issued 15,200,000 post-split shares of common stock (760,000 pre-split) at $0.01 per share for services valued at $206,000. The value of shares issued for services was based on the most-recent share price of stock issued for cash to non-related parties.