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NOTE 2. RELATED PARTY TRANSACTIONS
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3 Months Ended |
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Mar. 31, 2013
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| Notes to Financial Statements | |
| NOTE 2. RELATED PARTY TRANSACTIONS |
During the three months ended March 31, 2013 and March 31, 2012, the Company had payables due to officers, shareholders and former management for accrued compensation and services of $303,632 and $218,790 respectively.
During the year ended December 31, 2011 related party shareholders converted $829,164 in note principal and interest and $135,000 in compensation into 2,408,977 common shares. |
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- Details
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- Definition
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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