NOTE 4. DEBT CONVERSION	12 Months Ended
Dec. 31, 2011
Notes to Financial Statements
NOTE 4. DEBT CONVERSION	On April 1, 2010, the Company and some of its debt holders entered into Note Conversion Agreements, which resulted in the debt holders converting $17,542,774 of debt into 5,012,217 shares of the Company’s common stock, resulting in $1,747,762 debt extinguishment loss. The closing price of Company’s shares as of April 1, 2010, was $4.40 per share, the conversion price used to calculate the number of shares issued as per the note conversion agreement was $3.50 per share. The Company used an estimated price of $3.86, the average price of the common stock over the 30 trading days prior to the time of the conversion to calculate loss on debt conversion.

NOTE 4. DEBT CONVERSION

12 Months Ended

Dec. 31, 2011

On April 1, 2010, the Company and some of its debt holders entered into Note Conversion Agreements, which resulted in the debt holders converting $17,542,774 of debt into 5,012,217 shares of the Company’s common stock, resulting in $1,747,762 debt extinguishment loss. The closing price of Company’s shares as of April 1, 2010, was $4.40 per share, the conversion price used to calculate the number of shares issued as per the note conversion agreement was $3.50 per share. The Company used an estimated price of $3.86, the average price of the common stock over the 30 trading days prior to the time of the conversion to calculate loss on debt conversion.

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