SHAREHOLDERS' EQUITY

3 Months Ended

Mar. 31, 2012

SHAREHOLDERS' EQUITY

5. SHAREHOLDERS’ EQUITY

On January 9, 2012, the Company issued 22,056,100 shares of common stock upon conversion of the $661,683 Convertible Note Payable. This issuance of common stock resulted in a change in control of the Company.

On January 12, 2012, the Company issued 9,000,000 shares of common stock upon conversion of a portion of the $517,673 Convertible Note Payable in the amount of $270,000.

The Company has imputed interest on advances in the amount of $7,490 for the three months ended March 31, 2012. The imputed interest was recorded as an increase in additional paid-in capital.