NOTE 3 - ACCRUED LIABILITIES

12 Months Ended

Dec. 31, 2011

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

NOTE 3 - ACCRUED LIABILITIES

The accrued liabilities consist of the following at December 31, 2011 and 2010:

	2011		2010
Loan Fees Payable	$	68,600	$	68,600
Deferred Rent		2,827		8,608
Accrued expenses		150,033	$	68,600
Accrued Settlement (Refer to Note 9)		411,500		411,500
TOTAL ACCRUED LIABILITIES	$	632,960	$	635,761

The loan fees payable consists of the following: $68,600 is the value of 300,000 shares payable to third parties in connection with certain loan fees.