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RELATED PARTY TRANSACTIONS
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3 Months Ended |
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Mar. 31, 2012
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| Related Party Transactions [Abstract] | |
| Note 15 - RELATED PARTY TRANSACTIONS |
On February 26, 2012, pursuant the Agreement and Plan of Merger, the Company issued an aggregate of 100 shares of Series A Preferred Stock to Derek Peterson and Amy Almsteier, both of whom are officers and directors of the Company.
On February 26, 2012, pursuant the Agreement and Plan of Merger, the Company issued an aggregate of 14,750,000 shares of Series B Preferred Stock to Derek Peterson and Amy Almsteier, both of whom are officers and directors of the Company.
Derek Peterson and Amy Almsteier, officers of the Company, have provided loans to the Company since inception.
During the three month period ended March 31, 2012, the Company accrued an additional $37,500 of compensation for the services provided by the officers. As of March 31, 2012 the officers were owed a total of $75,000 in accrued compensation.
During the quarter ended March 31, 2012, officers and directors of the Company had loaned the Company $30,000 and were paid back $5,000. As of March 31, 2012 the total amount owed to the officers and directors was $175,000. |