Quarterly report pursuant to sections 13 or 15(d)

5. Capital stock

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5. Capital stock
3 Months Ended
Mar. 31, 2012
Stockholders' Equity Note Disclosure [Text Block]

5. Capital stock  


During the three months ended March 31, 2012, the Company issued 9,702,844 shares of common stock in exchange for conversion of $2,425,711 of Convertible Notes.


During the three months ended March 31, 2012, the Company issued 867,250 shares of common stock upon exercise of warrants at $0.40 per share and valued at $346,900.


During the three months ended March 31, 2012, the Company issued 500,000 shares of common stock for consulting services at $0.30 per share and valued at $150,000.


During the three months ended March 31, 2012, the Company issued 18,334 shares of common stock upon exercise of options at $0.27 per share and valued at $4,950.