Subsequent Events

3 Months Ended

Mar. 31, 2012

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 10   -   SUBSEQUENT EVENTS:

Amendments made to the Preferred Stock and Warrant Agreements.

After review of the Section 5(b) of the original Series A 10% Convertible Preferred Stock and Section 9(c) and Section 9(d) of the original Warrant Agreement of the Preferred Stock and Warrant Agreement, and the resulting accounting consequence as mentioned in note 2, the Company decided to amend the respective agreements to delete these sections. The Company explained to the holders of these instruments that these were unintended consequences, and the holders of the instruments were not materially disadvantaged due to these amendments.