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11. Subsequent Events:
12 Months Ended
Dec. 31, 2012
Subsequent Events [Text Block]
11.   Subsequent Events:

On January 1, 2013, the Company granted the option to acquire 1,000,000 shares of our common stock at an exercise price of $0.03 per share, to expire on December 31, 2017. The option was exercised on January 2, 2013.

On January 28, 2013, the Company granted the option to acquire 2,300,000 shares of our common stock at an exercise price of $0.05 per share to expire on January 27, 2018:

On January 29, 2013, Mr. Sidney Chan and the Company executed an amending agreement, effective January 8, 2013, whereby Mr. Chan increased the borrowing limit of the line of credit he has provided to the Company from $2,500,000 to $4,000,000. All other terms and conditions of the amended credit agreement remain in force and unaltered. Mr. Chan and the Company had previously entered into an agreement on March 6, 2011, which was subsequently amended by further agreements dated October 24, 2011 and June 15, 2012, whereby Mr. Chan agreed to make available to the Company a credit line equal to $2,500,000 for the Company’s corporate purposes. Under the terms of the arrangement, the amount borrowed by the Company bears simple interest at a rate of 1% per month. The amount borrowed is secured by a general security agreement over the assets of the Company and is due on demand.