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CONVERTIBLE NOTES PAYALE - STOCKHOLDER
3 Months Ended
Mar. 31, 2012
Convertible Notes Payale [Abstract]  
CONVERTIBLE NOTES PAYABLE - STOCKHOLDERS

3.  CONVERTIBLE NOTES PAYABLE - STOCKHOLDERS

 

In 2009 and 2010, the Company issued unsecured convertible notes payable to a stockholder in exchange for $45,000 in cash for the Company’s working capital needs.  In the third quarter of 2011, the notes and accrued interest thereon were converted into 3,912,000 shares of the Company’s common stock.

 

Interest expense amounted to $-0- and $666 for the three months ended March 31, 2012 and 2011, respectively, and relates to notes payable issued to stockholders in prior periods.

 

On April 10, 2012, the Company issued an unsecured note payable to a stockholder in exchange for $50,000 in cash for the Company’s working capital needs.  The note bears interest at 6% per annum and matures on April 10, 2013.  The stockholder has the option to convert the note and accrued interest into the Company’s common stock at $.0125 per share.