5. Capital stock
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3 Months Ended |
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Mar. 31, 2012
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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. |