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Note 12 - Subsequent Events
6 Months Ended
Jun. 30, 2012
Subsequent Events [Text Block]
Note 12. Subsequent Events.

Management has evaluated subsequent events through the date of the filing of this Quarterly Report and management noted the following for disclosure.

Summer 2012 Offering

Pursuant to our Summer 2012 Offering (see Note 5), subsequent to June 30, 2012 we sold 150,000 shares of our common stock at $0.40 per share and received $79,000 gross proceeds and $76,530 net proceeds from the sales.

Options issued under 2007 Equity Plan

From July 3rd through 5th, 2012, our independent board members were issued options to purchase an aggregate 476,828 shares of common stock at $0.36 cents per share in exchange for a reduction of $104,439 in accrued and unpaid obligations for their services on the board of directors.