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5. CONVERTIBLE NOTE PAYABLE
12 Months Ended
Dec. 31, 2011
Long-term Debt [Text Block]
5.
CONVERTIBLE NOTE PAYABLE

Convertible note payable as of  December 31, 2011 and 2010 consists of a $10,000 convertible promissory note to one individual.  The note  is past due (March 2007), accrues interest at 6% per annum, and at the investors’ option until the repayment date may be converted to shares of the company’s common stock at a price of $1.00 per share.  In addition, if the noteholder elects to convert the note into common stock, the investor will also be entitled to receive warrants to purchase 10,000 shares of common stock at an exercise price of $1.50 per share.