Subsequent Events

12 Months Ended

Dec. 31, 2011

Subsequent Events

Subsequent Events [Text Block]

NOTE 24 - SUBSEQUENT EVENTS

2012 Forbearance Agreement

On March 22, 2012, the Company, and YA Global Investments (formerly known as Cornell Capital Partners, LP) ("YA") finalized a forbearance agreement and related agreements, which related to certain financing arrangements and agreements between the Company and YA and its predecessors (see Note 13).

ABS Litigation

On March 22, 2012 the Company, and ABS entered into a formal forbearance agreement, dated as of March 1, 2012 (the “ABS Forbearance Agreement”), whereby ABS agreed to take no further judgment enforcement actions in consideration of the payment of $25,000 upon execution of the definitive ABS Forbearance Agreement and satisfaction of applicable conditions precedent.

The Company has assigned to ABS its creditor claim against the estate of ABS, to the extent of the balance due under the ABS Forbearance Agreement.  Any distribution from the ABS estate in excess of the adjusted amounts due under the ABS Forbearance Agreement will be paid to the Company (see Note 8).

Stock Option Issuance

In February, 2012, we issued to consultants five year options to purchase 20,000,000 shares of common stock, exercisable at $0.0001. These shares were immediately exercised.

Promissory Note

In February 2012, the Company issued an 18%, sixty-day, $30,000 promissory note to an investor. The principal balance included a $5,000 borrowing fee.