Stockholders' Equity

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Note 8. Stockholders' Equity

During the three ended March 31, 2012 and 2011, the Company did not issue any shares of common stock to directors or employees as compensation. During the three months ended March 31, 2011, 10,000 shares of the Company’s Series A Preferred Stock were converted into 222 shares of its common stock. There were no conversions of the Company’s Series A Preferred Stock for the comparable period in 2012.