SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2012

Subsequent Events [Abstract]

Subsequent Events [Text Block]

8. SUBSEQUENT EVENTS

On October 1, 2012, the holder of the $517,673 Convertible Note Payable assigned principal in the amount of $135,000 to three entities ($45,000 each). On October 15, 2012, the new holders of the $517,673 Convertible Note Payable elected to convert principal in the amount of $135,000 into 4,500,000 shares of common stock.

On October 30 2012, we entered into an agreement to acquire Global Cell Buyers, LLC. Global Cell Buyers was acquired by GTSO Resources LLC for the purpose of expanding recycling and urban mining operations from cell phones to other electronic waste for the purpose of mineral recovery. GTSO Resources also plans to expand the brand name of Global Cell Buyers leveraging its parent operations Green Technology Solutions, Inc. The purchase price is $10,000 which will be paid $5,000 in cash and $5,000 through the issuance of 41,667 shares of common stock of GTSO.