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Related Party Disclosures
3 Months Ended
Mar. 31, 2012
Related Party Disclosures  
Related Party Transactions Disclosure [Text Block]

NOTE 7 -       RELATED PARTY TRANSACTION

 

Related party payables at March 31, 2012 and December 31, 2011 represent amounts owed to officers of the Company for consulting fees and reimbursement of expenses paid of $407,641 and $357,640, respectively.  Interest of 6% -15% was computed on the balance of the related party payable and recorded $3,195 as additional paid in capital and $690 of accrued interest.