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Related Party Transactions
 3 Months Ended
Mar. 31, 2013
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]

Note 5 – Related Party Transactions

 

For the three months ended March 31, 2013 and 2012 and for the period from inception (January 23, 2008) to

March 31, 2013, the Company paid consulting fees of $30,000, $30,000 and $329,000, respectively, to the Alternative Energy Resource Alliance, a non-profit organization whose executive director is David Goodson. In exchange, Mr. Goodson provides services as the Company’s Chief Science Officer. Mr. Goodson is a director and co-founder of the Company and, through an irrevocable trust, a significant beneficial owner of the Company's common stock.