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Quarterly report pursuant to sections 13 or 15(d)

Shareholders Equity (Unaudited)

v2.4.0.6
Shareholders Equity (Unaudited) (USD $)
Preferred Stock Series B
Preferred Stock Series C
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Total
Beginning balance, amount at Dec. 31, 2011 $ 368 $ 11,307 $ 11,838 $ 3,275,296 $ (5,326,370) $ (2,027,561)
Beginning balance, shares at Dec. 31, 2011 368,411 11,307,450 11,837,930      
Conversion of all preferred shares into common shares, shares (368,411) (11,307,450) 13,677,274      
Conversion of all preferred shares into common shares, amount (368) (11,307) 13,677 3,467,983    3,469,985
Recapitalization, shares     9,760,000      
Recapitalization, amount     9,760 (30,629)    (20,869)
Stock-based compensation       66,104    66,104
Net loss         (1,789,766) (1,789,766)
Ending balance, amount at Mar. 31, 2012 $ 0 $ 0 $ 35,275 $ 6,778,754 $ (7,116,136) $ (302,107)
Ending balance, shares at Mar. 31, 2012 0 0 35,275,204