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10. COMMITMENTS AND CONTINGENCIES
 3 Months Ended
Mar. 31, 2013
Notes to Financial Statements  
NOTE 10. COMMITMENTS AND CONTINGENCIES

On January 2, 2013 the Company entered into an Environmental Advisory Services Agreement (“the EAS Agreement”).  The EAS Agreement calls for an initial retainer payment of $15,000 cash and the issuance of 250,000 common stock purchase options.  The Company valued the options at $37,495 using the Black Scholes model (see Note 7) and charged this amount to expense in the quarter ended March 31, 2013.  Additional payments of $12,500 and 250,000 options and 500,000 options are due upon the achievement of certain milestones, none of which have been met at March 31, 2013.  The EAS Agreement also provides for reimbursement of travel and other expenses.