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STOCKHOLDERS' EQUITY
12 Months Ended
Dec. 31, 2011
Stockholders Equity Note [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]

NOTE 3 - STOCKHOLDERS' EQUITY

 

During 2010, the Company issued 6,000 shares of common stock having a fair value of $9,000. Fair value, of $1.50/share, was based upon the grant date in June 2008, at which time the Company granted 120,000 shares vesting evenly through January 31, 2010. The shares were issued to an entity controlled by the Company's Chief Executive Officer. In addition to the stock issued for services, the Company also paid $5,000 per month as management fees. The management agreement terminated in January 2010.