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8. COMMON STOCK
 6 Months Ended
Jun. 30, 2013
Equity [Abstract]  
NOTE 8. COMMON STOCK

Stock Issued in Cash Sales

 

During the six months ended June 30, 2013 pursuant to private placements, the Company issued 12,901,333 shares of common stock for cash with a per share price of $0.15 per share or $1,935,200, and the Company incurred $154,816 of capital raising fees that were paid in cash and charged to additional paid-in capital.

 

Stock Issued for Services

 

In March 2013, the Company issued 250,000 shares of common stock with a per share value of $0.15 (based on contemporaneous cash sales prices) or $37,500, for professional services to be rendered. The shares were fully vested and recorded as a prepaid asset and are being expensed over the six month term of the agreement.