Equity Transactions

6 Months Ended

Jun. 30, 2012

Notes to Financial Statements

Equity Transactions

6. EQUITY TRANSACTIONS

As of June 30, 2012, the company has outstanding: (i) 46,033,565 shares of common stock; (ii) 130,000 warrants; (iii) 395,332 options; and, (iv) preferred stock that are convertible into 1,450,000 shares of common stock, resulting on a fully diluted basis, 48,008,897 shares of common stock. The company has 50,000,000 shares of common stock authorized by our Articles of Incorporation.