Quarterly report pursuant to sections 13 or 15(d)

STOCKHOLDERS' EQUITY

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STOCKHOLDERS' EQUITY
 6 Months Ended
Jun. 30, 2013
STOCKHOLDERS' EQUITY [Abstract]  
STOCKHOLDERS' EQUITY


NOTE 14 - STOCKHOLDERS' EQUITY


Common stock issued for 3:1 forward split of Class A Common Stock


On August 1, 2013, the Company issued 42,915,502 shares, of which 38,365,501 relates to June 30, 2013 shares of Common Stock - Class A to non-affiliate shareholders.  (see Note 17)


Common stock issued for the conversion of notes


On May10th, 2013 the Board of Directors adopted the resolution to issue a shareholder 250,000 Class A shares as a condition of an additional investment.  The Company originally issued the shareholder 750,000 Class A shares, at $0.033 per share, for a $25,000 investment on July 14th, 2011.  This investment was recalculated at $0.017 per share resulting in the additional 250,000 shares.  These shares were issued on May 23rd , 2013.  The Company recorded an additional expense of $1,833 related to the share issuance based on the quoted share price on the grant date of $0.022.