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NOTE 3 - PRIVATE PLACEMENT OF EQUITY
9 Months Ended
Sep. 30, 2012
Notes to Financial Statements  
NOTE 3 - PRIVATE PLACEMENT OF EQUITY

NOTE 3 - PRIVATE PLACEMENTS OF EQUITY

 

During the nine months ended September 30, 2011 the Company completed a private placement of 1,000,000 shares of common stock at a price per share of $0.15 for aggregate proceeds of $150,000.

 

During the nine months ended September 30, 2011 the Company issued an aggregate of 4,059,495 shares of common stock as payment for services rendered.

 

During the nine months ended September 30, 2011, the Company raised $118,446 with the exercise of warrants covering 1,160,804 shares of its common stock at a price per share ranging from $0.01 to $0.15 per share.

 

During the nine months ended September 30, 2011, the Company raised $58,000 with the exercise of options covering 928,529 shares of its common stock at a price ranging from $0.05 to $0.30 per share. 128,529 of those shares were exercised on a cashless basis by the surrender to the Company of an aggregate of 131,747 options with a value of $38,558 being equal to the difference in price between the exercise price and the market price on the date of exercise.

 

During the nine months ended September 30, 2012, the Company issued 1,000,000 common shares for a cash investment of $250,000.

 

During the nine months ended September 30, 2012, the Company issued an aggregate of 3,323,382 shares of common stock as payment for services rendered with an aggregate value of $299,333.

 

 During the nine months ended September 30, 2012, the Company raised $7,500 with the exercise of options covering 150,000 shares of its common stock at a price of $0.05 per share.