Equity Transactions

6 Months Ended

Jun. 30, 2012

Equity Transactions:

Equity Transactions

NOTE 6 -       EQUITY TRANSACTIONS

During 2011, the Company granted options as part of an Employment Agreement with Frank Marra, for more information see Note 4 above.

The Company issued 42,000 shares of common stock during the year ended December 31, 2011.  The stock was issued as the result of the conversion of two notes payable valued at $9,000 and related accrued interests of $1,318.  The stock was issued at $0.29 per share for a total value of $12,180.  A loss of $1,862 was recognized in the transaction.

The Company issued 22,500 shares of common stock during the year ended December 31, 2011, as compensation to the members of the Board of Directors.  The shares were valued at $0.35 per share for a total expense of $7,875.

Also during the year ended December 31, 2011, a holder of 75,000 shares of series A preferred stock exercised the conversion of that preferred stock.  As a result the Company issued 500,250 shares of common stock to this stockholder.  The number of common shares was determined at the conversion rate of 6 2/3 shares of common stock per share of preferred.