Note 9 - Related Party Transactions

3 Months Ended

Mar. 31, 2013

Notes

Note 9 - Related Party Transactions

NOTE 9 – RELATED PARTY TRANSACTIONS

From January 1 to March 31, 2013 we issued 20,479 shares of common stock with a fair value of $37,500 to SAM Advisors, LLC. The issuances were based on the closing market prices as of the date of issuance pursuant to our agreement to convert their $12,500 monthly consulting fee to stock at the closing market price on the last business day of each month. SAM Advisors, Inc. is an entity controlled by William B. Smith, our chairman and chief executive officer.

From January 1 to March 31, 2013 we issued 6,143 shares of common stock with a fair value of $11,250 to Charles Hunt, a member of our board of directors. The issuances were based in the closing market prices as of the date of issuance pursuant to our agreement to convert $3,750 of his monthly consulting fee to stock at the closing market price on the last business day of each month.