12. Stockholders Deficit.

9 Months Ended

Sep. 30, 2013

Equity [Abstract]

Note 11. Stockholders Deficit.

12. Stockholders’ Deficit

(a) Authorized Common Shares

On June 30, 2012, the Company filed a Certificate of Amendment with the Colorado Secretary of State to increase the aggregate number of shares which the Company has authority to issue to one hundred million (100,000,000) common shares, issued at $0.01 par value per share from 50,000,000 common shares with par value at $0.01. The amendment was approved by the Colorado Secretary of State in May 2012.

On March 25, 2013, the Company filed a certificate of Amendment with the Colorado Secretary of State to increase the aggregate number of shares which the Company has the authority to issue to five hundred million (500,000,000) common shares, issued at $0.01 par value per share from 100,000,000 common shares with par value at $0.01, to authorize three million (3,000,000) Series A convertible preferred shares, par value of $1.00 per share, and to the authorize ten million (10,000,000) Series B convertible preferred shares, par value $0.01 per share. Each Series B convertible preferred shares is convertible into 10 common shares. The amendment was approved by the Colorado Secretary of State on March 26, 2013.

(b) Issued Common Shares

The Company has a total of 35,559,297 issued and outstanding common shares as at September 30, 2013. In the prior year, the Company had 23,767,535 issued and outstanding common shares at September 30, 2012. The Company issued 8,325,018 common shares during the nine month period ended September 30, 2013, at $0.01 per share and with paid in capital of $947,614.

(c) Net Loss Per Common Share

Net loss per share is computed using the basic and diluted weighted average number of common shares outstanding during the period. The weighted-average number of common shares outstanding during each year is used to compute basic loss per share. Diluted loss per share is computed using the weighted average number of shares and dilutive potential common shares outstanding unless common stock equivalent shares are anti-dilutive. Dilutive potential common shares are additional common shares that will be exercised. Basic net loss per common share is based on the weighted average number of shares of common shares outstanding during the nine month period ended September 30, 2013.