2. Summary of significant accounting policies (Tables)

12 Months Ended

Dec. 31, 2012

Summary Of Significant Accounting Policies Tables

Declining balance method over the periods of Equipment

Equipment is recorded at cost less accumulated depreciation. Depreciation is provided for annually on the declining balance method over the following periods :

Equipment and computers                      3 years

Furniture and fixtures                              5 years

Fair value of each option grant

The fair value of each option grant has been estimated on the date of the grant using the Black-Scholes option-pricing model with the following assumptions:

	2012			2011
Expected dividend yield		-			-
Expected stock price volatility		114	%		-
Weighted average volatility		114	%		-
Risk-free interest rate		0.88	%		-
Expected life of options	0.5 - 1 years				-
Forfeiture rate		0	%		-

Earnings per share

The earnings per share data for the year ended December 31, 2012 and 2011 are summarized as follows:

	2012			2011
Net loss for the year - as reported	$	(46,235	)	$	(689,016	)
Basic earnings per share weighted average number of common shares outstanding		64,156,392			63,877,703
Effect of dilutive securities
Stock Options		—			—
Diluted earnings per share by weighted average number of common shares outstanding		(0.00	)		(0.01	)