Notes Payable	9 Months Ended
Sep. 30, 2012
Notes to Financial Statements
Note 7. Notes Payable	Convertible Notes Payable. During the three months ended June 30, 2011, the Company issued promissory notes to certain investors resulting in gross proceeds to the Company of $105,000 (the "Notes"). The Notes accrued interest at the rate of 3% annually, and were due and payable on or before November 19, 2011. On November 19, 2011 these Notes were cancelled and reissued in the original principal amount plus $1,373 of accrued interest, under the terms of the Notes described below. Concurrently with this debt financing commitment, the lender agreed to surrender and cancel 2,069,000 warrants held by it, and in consideration therefore the Company issued the lender 2,069,000 shares of common stock valued at $62,070. During the three months ended September 30, 2012, the Company issued additional Notes to two investors in the principal amount of $25,000 (the “$25K Note”) and $10,000 (the “$10K Note”). The Notes are identical to certain Convertible Promissory Notes that were issued during the six-month period ended June 30, 2012, accrue interest at the rate of 6% annually, and are due and payable on or before November 15, 2012, on demand. Pursuant to the terms of the $25K Note, the Company issued 125,000 shares of its common stock, representing 25,000 shares for each $5,000 in principal amount received in connection with the issuance of the $25K Note. In connection with the $10K Note, the Company assigned to the Note holder 8,496 FPMI Warrants held by the Company. In May 2012, in consideration for the extension of the Notes due and payable on March 31, 2012 to June 30, 2012, the Company agreed to assign a total of 113,127 FPMI Warrants to the holders of the Notes. In August 2012, in consideration for the extension of the Maturity Date of the Notes maturing on June 30, 2012 to November 15, 2012, the Company agreed to assign a total of 155,877 FPMI Warrants to the holders of the Notes. As a result, and together with the assignment of 8,496 FPMI Warrants in connection with the issuance of the $10K Note, a total of 269,004 FPMI Warrants have been assigned to holders of Notes. In connection with the issuance of all Notes, the Company has recorded debt discount and expenses of the beneficial conversion feature of $103,761and $28,998, respectively. The Company will amortize these expenses over the life of the Notes. As of December 31, 2011, the Company recorded interest expense related to the debt discount of $21,905 and $3,777 related to the beneficial conversion feature. During the three and nine months ended September 30, 2012, the Company recorded interest expense of $2,316 and $101,801 related to the debt discount and beneficial conversion feature.

Notes Payable

9 Months Ended

Sep. 30, 2012

Convertible Notes Payable. During the three months ended June 30, 2011, the Company issued promissory notes to certain investors resulting in gross proceeds to the Company of $105,000 (the "Notes"). The Notes accrued interest at the rate of 3% annually, and were due and payable on or before November 19, 2011. On November 19, 2011 these Notes were cancelled and reissued in the original principal amount plus $1,373 of accrued interest, under the terms of the Notes described below. Concurrently with this debt financing commitment, the lender agreed to surrender and cancel 2,069,000 warrants held by it, and in consideration therefore the Company issued the lender 2,069,000 shares of common stock valued at $62,070.

During the three months ended September 30, 2012, the Company issued additional Notes to two investors in the principal amount of $25,000 (the “$25K Note”) and $10,000 (the “$10K Note”). The Notes are identical to certain Convertible Promissory Notes that were issued during the six-month period ended June 30, 2012, accrue interest at the rate of 6% annually, and are due and payable on or before November 15, 2012, on demand. Pursuant to the terms of the $25K Note, the Company issued 125,000 shares of its common stock, representing 25,000 shares for each $5,000 in principal amount received in connection with the issuance of the $25K Note. In connection with the $10K Note, the Company assigned to the Note holder 8,496 FPMI Warrants held by the Company.

In May 2012, in consideration for the extension of the Notes due and payable on March 31, 2012 to June 30, 2012, the Company agreed to assign a total of 113,127 FPMI Warrants to the holders of the Notes. In August 2012, in consideration for the extension of the Maturity Date of the Notes maturing on June 30, 2012 to November 15, 2012, the Company agreed to assign a total of 155,877 FPMI Warrants to the holders of the Notes. As a result, and together with the assignment of 8,496 FPMI Warrants in connection with the issuance of the $10K Note, a total of 269,004 FPMI Warrants have been assigned to holders of Notes.

In connection with the issuance of all Notes, the Company has recorded debt discount and expenses of the beneficial conversion feature of $103,761and $28,998, respectively. The Company will amortize these expenses over the life of the Notes. As of December 31, 2011, the Company recorded interest expense related to the debt discount of $21,905 and $3,777 related to the beneficial conversion feature. During the three and nine months ended September 30, 2012, the Company recorded interest expense of $2,316 and $101,801 related to the debt discount and beneficial conversion feature.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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