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Consulting Agreement
12 Months Ended
Dec. 31, 2011
Consulting Agreement [Abstract]  
Consulting Agreement [Text Block]
 
Note 8 – Consulting Agreement
 
On May 24, 2010, the Company entered into an agreement with an individual to become a technical consultant, and to assist in further optimization of the Company’s wind turbine system.  This individual is currently a professor of senior aircraft design and performance courses at the Clarkson University, in Potsdam, New York, the location of one of the Company’s turbine test sites.  Payment for services is on an hourly basis at an agreed upon rate for work performed for the Company.  In conjunction with the agreement, the individual received 10,000 stock options, vesting over a one-year period.  During the year ended December 31, 2011, the Company expensed $6,746 relating to options awarded to him ($25,754 for the year ended December 31, 2010).
 
On October 11, 2010, the Company entered into an agreement with an individual to become a technical consultant, and to assist further in the development of the Company’s ducted turbine. This individual is currently an associate professor of architectural engineering and an adjunct professor of mechanical and nuclear engineering at the Pennsylvania State University in University Park, Pennsylvania. Payment for services is on an hourly basis at an agreed upon rate for work performed for the Company. In conjunction with the agreement, the individual received 5,500 stock options vesting over a three-year period. The Company expensed $14,080 relating to these options for the year ended December 31, 2011, and $1,895 for the year ended December 31, 2010.