Equity Transactions

9 Months Ended

Sep. 30, 2012

Equity Transactions [Abstract]

Equity Transactions

3.           Equity Transactions

During the three months and nine months ended September 30, 2012 and 2011, no shares of convertible preferred stock were converted into common stock.

No stock options were exercised during the three months or nine months ended September 30, 2012 and 2011.

In March 2011, the Company privately placed 4,500,000 shares of common stock at $0.50 per share for total proceeds of $2,250,000, primarily with related parties.