XML 31 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
COMMON STOCK
6 Months Ended
Jun. 30, 2012
Common Stock  
COMMON STOCK
NOTE 7. COMMON STOCK

The total number of authorized shares of the Company’s common stock is 750,000,000 shares, $0.001 par value per share. As of June 30, 2012, there were 10,685,322 common shares issued and outstanding.

During the six months ending June 30, 2012 there were 1,215,311 shares of the Company's Series A Preferred Stock converted into the Company's common stock and warrants and options to purchase 66,250 shares of the Company's common stock were exercised for cash proceeds of $80,687 and the cancellation (in a cashless exercise) of $23,250 of the Company's common stock (11,165).