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Capital Stock
 6 Months Ended
Jun. 30, 2012
Stockholders Equity Note [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]

NOTE 2 – Capital Stock

 

Common Stock

 

The Company has authorized 750,000,000 shares of common stock, $0.001 par value. At June 30, 2012 and December 31, 2011, there were 427,667,400 and 429,667,400 shares issued and outstanding, respectively.

 

During the six months ended June 30, 2012, 7,000,000 shares of unvested common stock valued at $140,000 (previously included in deferred compensation) was cancelled or forfeited.

 

On June 7, 2012, the Company issued 5,000,000 shares of the Company’s common stock to two consultants as noncash compensation for services rendered valued at $50,000 or $0.01 per share.

 

During the six months ended June 30, 2012, an additional 3,750,000 shares of common stock valued at $75,000 vested and was recorded to expense and as a reduction to deferred compensation.

Preferred Stock

 

The Company is authorized to issue 10,000,000 shares of preferred stock, $0.001 par value. There were none issued and outstanding at June 30, 2012 and December 31, 2011.