Related Party Transactions

9 Months Ended

Sep. 30, 2011

Notes to Financial Statements

Related Party Transactions

8. Related Party Transactions       

We incurred legal fees for services provided by a law firm in which a director and stockholder of the Company is a partner totaling $23,182 and $42,067 for the three and nine months ended September 30, 2011, respectively, and $1,641 and $18,326 for the three and nine months ended September 30, 2010, respectively. Pursuant to a consulting agreement for services provided by a director and stockholder of the Company, we incurred $8,000 and $56,000 in consulting fees during the three and nine months ended September 30, 2011, respectively, and $24,000 and $72,000 during the three and nine months ended September 30, 2010, respectively.

Included in accounts payable are $23,182 and $149 due to related parties for services rendered as of September 30, 2011 and December 31, 2010, respectively.