Quarterly report pursuant to Section 13 or 15(d)

LOSS PER SHARE

LOSS PER SHARE	3 Months Ended
Mar. 31, 2012
LOSS PER SHARE
LOSS PER SHARE	NOTE 10 – LOSS PER SHARE Loss per common share is based upon the weighted average number of common shares outstanding during the period. Diluted loss per common share is the same as basic loss per share, as the effect of potentially dilutive securities (convertible debt – 13,142,445 shares and warrants - 20,463,430 shares) at March 31, 2012 and (convertible debt –7,022,000 shares and warrants - 13,694,999 shares) at March 31, 2011 are anti-dilutive.

LOSS PER SHARE

3 Months Ended

Mar. 31, 2012

NOTE 10 – LOSS PER SHARE

Loss per common share is based upon the weighted average number of common shares outstanding during the period. Diluted loss per common share is the same as basic loss per share, as the effect of potentially dilutive securities (convertible debt – 13,142,445 shares and warrants - 20,463,430 shares) at March 31, 2012 and (convertible debt –7,022,000 shares and warrants - 13,694,999 shares) at March 31, 2011 are anti-dilutive.

- Definition

The entire disclosure for earnings per share.

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