Note 3. Common Stock

6 Months Ended

Jun. 30, 2012

Stockholders' Equity Note Disclosure [Text Block]

3.     Common Stock.

The shareholders have authorized 100,000,000 shares of voting common shares for issuance.  On June 30, 2012, a total of 88,508,066 shares of common stock were either outstanding (73,554,897) or reserved for issuance upon exercise of options and warrants or conversion of convertible preferred stock (14,953,169).  Common stock issuances in the first quarter of 2012 are as follows:

Common Stock Issued in Q1 2012	Shares		Issue Price			Net Price
Consultants plan – services		50,000		$0.035		$	1,750
Conversion – debt		1,945,108	$0.0202	-	0.0207	$	40,000
Total Common Stock Issued in Q1 2012		1,995,108	$0.0202	-	0.035	$	41,750

Common Stock Issued in Q2 2012	Shares		Issue Price		Net Price
No Common Stock Issued		-		-	$	-
Total Common Stock Issued in Q2 2012		-		-	$	-

No brokerage commissions were paid for the sale of common stock during the first or second quarter of 2012.