v2.4.0.6
5. Common Stock
6 Months Ended
Jun. 30, 2012
Stockholders' Equity Note Disclosure [Text Block]
6. Common Stock

On March 17, 2012, the Company issued 200,000 shares with a fair value of $0.06 per share to DACC Associates, Inc. for services as part of a strategic alliance agreement entered in March 2012. The fair value of $12,000 was expensed during the six months ended June 30, 2012.

On April 18, 2012, the Company issued 5,000,000 shares with a fair value of $0.0378 per share for settlement of $5,000 of accounts payable.  The fair value of the shares exceeded the carrying value of the payable by $184,000 which was recognized as a loss on settlement of accounts payable and is included in general and administrative expenses for the six months ended June 30, 2012.