Non-Cash Transactions

9 Months Ended

Sep. 30, 2012

Nonmonetary Transactions [Abstract]

Non-Cash Transactions

4. Non-Cash Transactions

Investing and financing activities that do not have a direct impact on cash flows are excluded from the statements of cash flows. The Company issued common shares for settlement of debts, convertible loans, and for services provided to the Company during the following years:

Year		Number of Preferred Shares	Number of Common Shares	Weighted Average Price Per Share		Total
1995	Consulting fee	-	50,000	$0.03	$	1,500
1998	Management fee	-	7,000,000	$0.001		7,000
1998	Consulting fee	-	620,000	$0.01		6,200
2000	Finders fee	-	50,000	$0.001		50
2001	Consulting fee	-	708,406	$2.07		1,468,254
2002	Deferred cost	-	1,300,000	$0.05		65,000
2002	Consulting fee	-	684,143	$0.19		131,400
2002	Debt settlement	-	680,886	$0.20		138,006
2003	Consulting fee	-	1,450,000	$0.14		203,000
2003	Termination fee	198,000	-	$4.00		792,000
2004	Loan conversion	-	825,364	$0.06		48,537
2004	Loan settlement	-	613,000	$0.07		45,000
2004	Consulting fee	-	360,000	$0.40		142,500
2004	Deferred cost (cancellation)	-	(1,300,000)	$0.05		(65,000)
2005	Communications	-	56,000	$0.50		28,000
2005	Consulting fees	-	1,135,000	$0.29		333,700
2005	Legal fees	-	50,000	$0.50		25,000
2005	Loan conversion	-	635,901	$0.39		250,160
2005	Stock dividend	-	4,120,643	$0.65		2,678,418
2006	Finders’ fee	-	100,000	$0.40		40,000
2007	Consulting fees	-	700,000	$0.20		140,000
2008	Consulting fees	-	750,000	$0.07		52,000
		198,000	20,589,343		$	6,530,725

These amounts have been excluded from the investing and financing activities of the statements of cash flows.