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NOTE 3 - PRIVATE PLACEMENT OF EQUITY
3 Months Ended
Mar. 31, 2013
Equity [Abstract]  
NOTE 3 - PRIVATE PLACEMENT OF EQUITY

NOTE 3 - PRIVATE PLACEMENTS OF EQUITY

 

During the three months ended March 31, 2013, the Company sold 875,000 common shares for a cash investment of $87,500. The company received $10,000 for stock issued in 2012 and recorded as subscription receivable.

 

During the three months ended March 31, 2013, the Company raised $78,500 with the exercise of warrants covering 523,333 shares of its common stock at a price of $0.15 per share.

 

During the three months ended March 31, 2013, the Company issued an aggregate of 1,050,000 shares of common stock as payment for services rendered with an aggregate value of $281,800, $232,037 of which was recorded as deferred compensation as of March 31, 2013.

 

During the three months ended March 31, 2013, the Company issued 1,500,000 common shares for a cash investment of $150,000 which was received in 2012. The shares were not issued as of December 31, 2012, and were recorded as common stock subscribed but not yet issued at December 31, 2012. 

During the three months ended March 31, 2012, the Company sold 1,000,000 common shares for a cash investment of $250,000.

 

During the three months ended March 31, 2012, the Company issued an aggregate of 417,952 shares of common stock and will issue 637,276 shares of common stock as payment for services rendered with an aggregate value of $207,035.