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COMPOSITION OF NET ASSETS (LIABILITIES) - STOCKHOLDERS' EQUITY (DEFICIT)
12 Months Ended
Dec. 31, 2011
COMPOSITION OF NET ASSETS (LIABILITIES) - STOCKHOLDERS' EQUITY (DEFICIT)  
COMPOSITION OF NET ASSETS (LIABILITIES) - STOCKHOLDERS' EQUITY (DEFICIT)

NOTE 5:       COMPOSITION OF NET ASSETS (LIABILITIES) - STOCKHOLDERS’ EQUITY (DEFICIT)

 

The Company is authorized to issue 100,000,000 shares of common stock with a par value of $0.001.  Each share has one voting right.  There are 11,791,899 and 11,889,363 common shares issued and outstanding at December 31, 2011 and 2010, respectively.

 

Effective August 31, 2010, pursuant to shareholder consent, the Company completed a 1 for 50 reverse stock split.  All share transactions disclosed in the financial statements have been restated to give effect to the change.