Settlements of Accounts Payable

9 Months Ended

Sep. 30, 2013

Notes to Financial Statements

Note 6. Settlements of Accounts Payable

During the nine months ended September 30, 2013, the Company settled an aggregate total of $35,850 of accounts payable and accrued expenses in consideration for the payment of $10,000 cash and 300,000 shares of common stock, valued at $9,000. The Company has recorded gains on settlement of accounts payable of $16,850 during the nine months ended September 30, 2013.