RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2013

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 9 – RELATED PARTY TRANSACTIONS

During the period ended March 31, 2013, the Company made a total of $3,000 in interest payments on the acquisition notes payable to two stockholders.  Another $6,000 of interest was accrued as of March 31, 2013.

The directors of the Company had agreements providing them compensation of $7,000 per month starting in January 2011.  Each of the four directors accrued $21,000 in compensation for the first quarter.  The board agreed to stop these accruals as of April 1, 2011 until further notice.  None of this compensation has been paid.  The accrued salary is shown on the balance sheet as accrued compensation as of March 31, 2013 and December 31, 2012.

From time to time an officer may pay an expense for or loan money to the Company with the expectation of being reimbursed.  These loans are temporary in nature, do not accrue interest and are unsecured.  At March 31, 2013 and December 31, 2012, the Company owed $46,409 and $44,876 to officers for temporary loans, respectively.