Xtreme Green Electric Vehicles (XGEV) Inactive 10-Q27 Jan 142013 Q1 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
Document and Entity Information	Mar. 31, 2013
Document and Entity Information	'
Entity Registrant Name	'XTREME GREEN PRODUCTS INC.
Document Type	'10-Q
Document Period End Date	31-Mar-13
Amendment Flag	'false
Entity Central Index Key	'0001392477
Current Fiscal Year End Date	'--12-31
Entity Common Stock, Shares Outstanding	48,463,370
Entity Filer Category	'Smaller Reporting Company
Entity Current Reporting Status	'No
Entity Voluntary Filers	'No
Entity Well-known Seasoned Issuer	'No
Document Fiscal Year Focus	'2013
Document Fiscal Period Focus	'Q1

XTREME_GREEN_PRODUCTS_INC_Cond

XTREME GREEN PRODUCTS INC.- Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2013		Dec. 31, 2012
Current Assets:	'		'
Cash	'		'
Related party receivable	13,500		13,500
Inventory	196,838		201,743
Other current assets	37,072		45,820
Total current assets	247,410		261,063
Property and equipment, net	154,279		169,261
Other assets	36,186		36,186
TOTAL ASSETS	437,875		466,510
LIABILITIES AND STOCKHOLDERS' DEFICIT	'		'
Accounts payable and accrued expenses	967,651		834,829
Accrued expenses- related parties	630,764		702,553
Accrued interest-related parties	247,217		177,655
Customer deposits	294,685		312,684
Convertible debt- related party, net of discount	1,863,500		1,839,000
Convertible debt- other, net of discount	68,530		65,757
Current portion of long-term debt	311,225		289,538
Stockholder loans	357,330		347,333
Total current liabilities	4,740,902		4,569,349
Extended warranty reserve	2,500		'
Long-term debt, net of current portion	6,225		38,545
Total liabilities	4,749,627		4,607,894
Commitments and contingencies:	'		'
Common stock	4,846	[1]	4,846	[1]
Additional paid-in capital	5,825,472		5,809,996
Accumulated deficit	-10,142,070		-9,956,226
Total stockholders' deficit	-4,311,752		-4,141,384
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$437,875		$466,510

[1]	$0.0001 par value, 100,000,000 shares authorized; 48,463,370 and 48,463,370 shares issued and outstanding

XTREME_GREEN_PRODUCTS_INC_Cond1

XTREME GREEN PRODUCTS INC. Condensed Consolidated Statements of Operations (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Income Statement	'	'
Sales, net	$31,709	$224,185
Sales- affiliates, net	'	41,350
Total revenue	31,709	265,535
Cost of sales (exclusive of depreciation expense)	5,167	241,853
Gross margin	26,542	23,682
Costs and expenses:	'	'
General and administrative	138,703	515,861
Research and development	'	3,000
Interest expense	73,683	140,074
Total costs and expenses	212,386	658,935
Net loss before provision for income taxes	-185,844	-635,253
Provision for income taxes	'	'
Net Loss	($185,844)	($635,253)
Per share information - basic and diluted:	'	'
Loss per common share	$0	$0.01
Weighted average common shares outstanding	48,463,370	47,330,053

XTREME_GREEN_PRODUCTS_INC_Cond2

XTREME GREEN PRODUCTS INC. Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Cash flows from operating activities:	'	'
Net Loss	($185,844)	($635,253)
Adjustment to reconcile net loss to net cash used in operating activities:	'	'
Stock-based compensation	51,476	16,342
Depreciation	14,982	15,790
Accretion of discount on convertible debts	2,773	96,064
Changes in operating assets and liabilities:	'	'
(Increase) decrease in accounts receivable	'	-7,723
(Increase) decrease in inventory	4,905	-1,445
(Increase) decrease in other current assets	8,748	-169,332
Increase in accounts payable and accrued expenses	131,489	249,681
Increase (decrease) in accrued expenses, related party	-894	73,959
Increase (decrease) in customer deposits	-17,999	30,619
Increase in extended warranty reserve	2,500	'
Net Cash used in Operating Activities	-23,864	-331,298
Cash flows from financing activities:	'	'
Proceeds from long-term debt	24,500	50,000
Repayment of long-term debt	-10,633	-5,018
Stockholders loans, net	9,997	240,129
Net Cash provided by financing activities	23,864	285,111
Net Decrease in cash	'	-46,187
CASH, BEGINNING OF PERIOD	'	46,390
CASH, END OF PERIOD	'	203
Supplemental Cash Flow Information:	'	'
Cash paid for interest	'	40,499
Cash paid for income taxes	'	'

1_Basis_of_Presentation

(1) Basis of Presentation	3 Months Ended
(1) Basis of Presentation	Mar. 31, 2013
Notes	'
(1) Basis of Presentation	'
	(1) Basis of Presentation

	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles (GAAP) for interim financial information and Rule 8.03 of Regulation SX. They do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation have been included.

	The results of operations for the periods presented are not necessarily indicative of the results to be expected for the full year. For further information, refer to the consolidated financial statements of the Company as of and for the year ended December 31, 2012, on Form 10-K, including notes thereto.

2_Earnings_Per_Share

(2) Earnings Per Share	3 Months Ended
(2) Earnings Per Share	Mar. 31, 2013
Notes	'
(2) Earnings Per Share	'
	(2) Earnings per Share

	The Company calculates net income (loss) per share as required by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 260, "Earnings per Share." “Basic earnings” (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share are calculated by dividing net income (loss) by the weighted average number of common shares and dilutive common stock equivalents outstanding.

3_Basis_of_Reporting

(3) Basis of Reporting	3 Months Ended
(3) Basis of Reporting	Mar. 31, 2013
Notes	'
(3) Basis of Reporting	'
	(3) Basis of Reporting

	The Company’s financial statements are presented on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business.

	The Company has experienced a loss from operations as a result of its investment necessary to achieve its operating plan, which is long-range in nature. The Company incurred net losses through March 31, 2013, aggregating $10,142,070 and has working capital and stockholder deficits of $4,493,492 and $4,311,752 at March 31, 2013.

	The Company’s ability to continue as a going concern is contingent upon its ability to secure additional financing, increase ownership equity and develop profitable operations. In addition, the Company’s ability to continue as a going concern must be considered in light of the problems, expenses and complications frequently encountered by entrance into established markets and the competitive environment in which the Company operates.

	The Company is actively pursuing financing for its operations and seeking additional private investments. In addition, the Company is seeking to expand its revenue base and product distribution. Failure to secure such financing or to raise additional equity capital and to expand its revenue base may result in the Company depleting its available funds and not being able pay its obligations.

	The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern.

4_Inventory

(4) Inventory	3 Months Ended
(4) Inventory	Mar. 31, 2013
Notes	'
(4) Inventory	'
	(4) Inventory

	Inventory consisted of finished units used as marketing demos and parts.

5_Other_Current_Assets

(5) Other Current Assets	3 Months Ended
(5) Other Current Assets	Mar. 31, 2013
Notes	'
(5) Other Current Assets	'
	(5) Other Current Assets

	Other current assets consisted of $35,000 in prepaid expenses and $2,072 for deposits on purchases.

6_Stock_Holder_Loans

(6) Stock Holder Loans	3 Months Ended
(6) Stock Holder Loans	Mar. 31, 2013
Notes	'
(6) Stock Holder Loans	'
	(6) Stock Holder Loans

	At March 31, 2013, a balance of $357,330 was outstanding from loans made from three shareholders for working capital purposes. The loans are due on demand and bear interest ranging from 4% and 12%.

	On June 22, 2010, a family trust of which one of our shareholders is a trustee (“the lender”) agreed to lend us an aggregate of $1,000,000 at an annual interest rate of 12% in three tranches. The first tranche of $250,000 was advanced on July 9, 2010. The second tranche in the amount of $500,000 was funded on August 9, 2010. The balance was funded on September 9, 2010. The loan was initially scheduled to be repaid on September 8, 2011 but since has been extended to September 8, 2012. At any time prior to that date, at the option of the lender the loan is convertible into common stock at $0.40 per share. Upon conversion, the lender will also receive warrants to purchase 7,500,000 shares of common stock, as follows: a three year warrant to purchase 2,500,000 shares of common stock at $0.40 per share; a four year warrant to purchase 2,500,000 shares at $0.65 per share; and a five year warrant to purchase 2,500,000 shares of common stock at $0.75 per share.

	On December 8, 2011, a family trust of which one of our shareholders is a trustee (“the lender”) agreed to lend us $250,000 at an annual interest rate of 12%. The loan is scheduled to be repaid on September 8, 2012. The Company also issued 250,000 shares of common stock to the Lender. At any time prior to that date September 8, 2012 at the option of the lender the loan is convertible into common stock at $0.40 per share. Additionally, the lender has received warrants to purchase 625,000 shares, exercisable until December 31, 2014, warrants to purchase 625,000 shares at $0.65 per share exercisable until December 31, 2015, and warrants for 625,000 shares at $0.75 per share exercisable until December 31, 2016.

	On February 13, 2012 the Company entered into an agreement with a Director to borrow $250,000. The loan accrues interest 12% per annum and is payable August 13, 2012, which has been extended to December 13, 2012. At the lender’s option, if payment is not made by the maturity date the loan may be converted into shares of common stock at a price of $0.20 per share.

	On May 2, 2012 a family trust of which a shareholder is a trustee agreed to lend the Company $250,000 at an interest rate of 12% per annum, which loan is scheduled to be repaid on September 8, 2012, which has been extended to December 8, 2012 together with outstanding loans in the principal amount of $1,250,000 previously advanced by the trust. Interest over the entire amount is payable in $15,000 monthly increments. At any time, at the option of the lender, the entire loan is convertible into shares of common stock of the Company at $0.40 per share. In the connection with the loan, the company has agreed to issue to the trust (i) 250,000 shares of common stock, and (ii) warrants to purchase 625,000 shares of common stock at $0.40 per share, exercisable until May 31, 2015, warrants to purchase 625,000 shares of common stock at $0.65 per share exercisable until May 31, 2016, and warrants to purchase 625,000 shares of common stock at $0.75 per share exercisable until May 31, 2017. In connection with this transaction the lender was also granted the right to set up distributorships in the state of Arizona. As a result of the issuance of 250,000 shares and warrants, the Company allocated the fair market value (“FMV”) to the shares, and warrants, and the debt. In addition, the Company determined that the note included a beneficial conversion feature. Accordingly, the Company recorded a discount of $341,772 which was accreted to interest expense for the 12 months ended December 31, 2012.

	During the nine month period ended March 31, 2013, a family trust, of which a shareholder is a trustee agreed to loan the Company a total of $363,500. The proceeds were disbursed in twelve installments over the nine month period. Interest accrues at a rate of 12% per annum. The loan and accrued interest are due upon demand. Accrued interest as of March 31, 2013 is $23,873.

	Convertible Debentures

	During the fourth quarter 2011, the Company borrowed $75,000 through the issuance of 24 month convertible debentures. The Debentures bear interest at 12% per annum which is payable in arrears on the first anniversary of the issuance of the Notes and on the Maturity Date. On the maturity date, unless an event of default shall have occurred, the Company shall pay to Holder the entire principal amount plus accrued and unpaid interest in cash or at the option of the Holder, in whole or in part, in shares of common stock of the Company at $0.70 per share. The Holder, at any time after the date of issuance, may convert all or any part of all amounts due into shares of Company’s Common Stock at the conversion price of $0.70 per share. The Company may prepay the debenture plus accrued interest at any time before maturity.

	Secured Bridge Note

	On December 29^th, 2011 the Company borrowed $100,000 in exchange for a six month secured bridge note, due June 29, 2012. The note bears interest at the rate of 12% per annum, payable on the maturity date. The maturity date shall be (A) the date the Company completes a financing transaction for the offer and sale of shares of Company’s common stock, including securities convertible into or exercisable for common stock, in the aggregate amount of no less than $2.5 million, or (B) June 29^th, 2012. In addition to the repayment of the principal amount and all accrued interest, the Company shall issue to the holder, a number of securities equal to the principal amount divided by the purchase price of the securities to be issued in financing obtained with the assistance of the holder. In the event no such financing is obtained, the Company is under no obligation to issue the securities. The obligations and covenants of this note are secured by a first priority lien and security interest in the Company’s assets with the Holder’s interest shared pro rata with the holders of a series of identical notes issued on or around the date hereof.

	On February 15, 2012 the Company borrowed $50,000 in exchange for a six month secured bridge note due August 15, 2012. The note bears interest at the rate of 12% per annum, payable on the maturity date. In addition to the repayment of the principal amount and all accrued interest, the borrower shall issue to the borrower two vehicles: one transport pro two-seat with enclosed cab, and one transport pro four-seat. The obligations and covenants of this note are secured by a first priority lien and security interest in the Company’s assets with the Holder’s interest shared pro rata with the holders of a series of identical notes issued on or around the date hereof.

	We are currently investigating various opportunities to raising additional capital through the sale of debt equity securities and from loans from our stockholders. There can be no assurances that we will be able to continue to sell shares of our common stock or borrow additional funds from any of our stockholders or third parties to finance the costs associated with our future operating and investing activities.

7_Line_of_Credit

(7) Line of Credit	3 Months Ended
(7) Line of Credit	Mar. 31, 2013
Notes	'
(7) Line of Credit	'
	(7) Line of Credit

	On April 21, 2012 the Company’s line of credit with a financial institution for $150,000 was converted to a term loan bearing interest at 6% per annum, maturing April 21, 2016. The line is secured by certain assets of a related party. The balance of the loan at March 31, 2013 was $124,703.

8_Stock_Options

(8) Stock Options

3 Months Ended

Mar. 31, 2013

Notes

(8) Stock Options

During September 2009, the Company granted options to employees and consultants to purchase 505,000 shares of common stock, at a price of $0.50 per share, which was the fair value of the underlying common shares at the grant date based on sales of common shares for cash. The options expire in September 2014 and vest over the stated term.

During September 2009, the company granted options to Directors to purchase 300,000 shares of common stock, at a price of $0.50 per share, which was the fair value of the underlying common shares at the grant date based on sales of common shares for cash. The options expire in September 2019. These options vest in equal annual amounts on the first three anniversary dates of the grant.

During the year 2011, the Company granted options to an employee to purchase 25,000 shares of common stock and options to purchase 300,000 shares were granted to the Company’s Chief Financial Officer at an exercise price of $0.50 per share. These options vest 25% after the first 6 months and then 25% per year beginning 18 months from the grant date and expire 5 years from the grant date.

The fair value of each option award is estimated on the date of grant using the Black-Scholes option valuation model, using the assumptions noted in the following table. Expected volatility is based on the historical volatility of the Company’s stock, and other factors. Because the shares of the Company are not traded, volatility was estimated at 40 - 60%. The risk-free rates used to value the options are based on the U.S. Treasury yield curve in effect at the time of grant.

The total fair value of the options is $292,262 and the cost recognized for the three month period ended March 31, 2013 and 2012 was $16,342 and $10,578, respectively, which was recorded as general and administrative expenses.

In valuing the options issued, the following assumptions were used:

Expected volatility

40-60%

Expected dividends

Expected term (in years)

5.0 – 10.0

Risk-free rate

2.33 – 3.38%

A summary of option activity under the Plan during the period ended March 31, 2013, is presented below

Options

Weighted-Average

Intrinsic

Exercise

Remaining Contractual

Value

Price

Term

Outstanding at December 31, 2012

1,055,000

$ 0.50

5.2

$ 0.00

Granted

Expired

Outstanding at March 31, 2013

1,055,000

$ 0.50

4.2

$ 0.00

The following table summarizes information about fixed price stock options at March 31, 2013:

Exercise Price

Number

Weighted

Number

Exercise

Outstanding

Average

Exercisable

Price

Contractual Life

Exercise Price

0.5

1,055,000

3.4

0.5

9_Concentrations

(9) Concentrations	3 Months Ended
(9) Concentrations	Mar. 31, 2013
Notes	'
(9) Concentrations	'
	(9) Concentrations

	During the period ended March 31, 2013 the Company derived 100% of its revenue from two customers.

10_Subsequent_Events

(10) Subsequent Events	3 Months Ended
(10) Subsequent Events	Mar. 31, 2013
Notes	'
(10) Subsequent Events	'
	(10) Subsequent Events

	Chapter 11 Proceedings

	On August 22, 2013 (the Petition Date), Xtreme Green Products Inc. (the “Company”) filed a voluntary petition (the “Chapter 11 Case”) for relief under Chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Nevada (the “Bankruptcy Court”). The Chapter 11 Case is being administered under Case No. BK-S-13-17266-MKN.

	No assurance can be given as to the value, if any that may be ascribed to the Company’s various prepetition liabilities and other securities. The Company cannot predict what the ultimate value of any of its securities may be.

	The Company is currently operating as a “debtor in possession” under the jurisdiction of the Bankruptcy Court and the applicable provisions of the Bankruptcy Code. In general, as debtor in possession under the Bankruptcy Code, we are authorized to continue to operate as an ongoing business but may not engage in transactions outside the ordinary course of business without the prior approval of the Bankruptcy Court. The Bankruptcy Code enables the Company to continue to operate its business without interruption and the Bankruptcy Court has granted additional relief covering, among other things obligations to (i) employees, (ii) insurance providers, (iv) independent contractors, (v) foreign vendors, and (vi) certain vendors deemed critical to our operations.

	The Chapter 11 petition triggered defaults on substantially all our debt obligations, however, under section 362 of the Bankruptcy Code, the commencement of a Chapter 11 case automatically stays most creditor actions against our property.

8_Stock_Options_Schedule_of_Sh

(8) Stock Options: Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Tables)	3 Months Ended
	Mar. 31, 2013
Tables/Schedules	'
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	'



	Expected volatility	40-60%
	Expected dividends	0%
	Expected term (in years)	5.0 – 10.0
	Risk-free rate	2.33 – 3.38%

8_Stock_Options_Schedule_of_Sh1

(8) Stock Options: Schedule of Share-based Compensation, Stock Options, Activity (Tables)	3 Months Ended
	Mar. 31, 2013
Tables/Schedules	'
Schedule of Share-based Compensation, Stock Options, Activity	'


	Options		Weighted-Average	Weighted-Average	Intrinsic
			Exercise	Remaining Contractual	Value
			Price	Term
		Shares

	Outstanding at December 31, 2012	1,055,000	$ 0.50	5.2	$ 0.00
	Granted	0	-	-	-
	Expired	0	-	-	-
	Outstanding at March 31, 2013	1,055,000	$ 0.50	4.2	$ 0.00

8_Stock_Options_Schedule_of_Sh2

(8) Stock Options: Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range (Tables)

3 Months Ended

Mar. 31, 2013

Tables/Schedules

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

Exercise Price

Number

Weighted

Number

Exercise

Outstanding

Average

Exercisable

Price

Contractual Life

Exercise Price

0.5

1,055,000

3.4

0.5

3_Basis_of_Reporting_Details

(3) Basis of Reporting (Details) (USD $)	Mar. 31, 2013	Dec. 31, 2012
Details	'	'
Accumulated deficit	$10,142,070	$9,956,226
Other Additional Capital	4,493,492	'
Total stockholders' deficit	$4,311,752	$4,141,384

5_Other_Current_Assets_Details

(5) Other Current Assets (Details) (USD $)	Mar. 31, 2013
Details	'
Prepaid Expense, Current	$35,000
Deposits Assets, Current	$2,072

6_Stock_Holder_Loans_Details

(6) Stock Holder Loans (Details) (USD $)

Mar. 31, 2013

Dec. 31, 2012

Feb. 15, 2012

Feb. 13, 2012

Dec. 29, 2011

Mar. 31, 2013

Dec. 08, 2011

Aug. 09, 2010

Jul. 09, 2010

Jun. 22, 2010

Dec. 08, 2011

Mar. 31, 2013

Dec. 31, 2012

2-May-12

Dec. 31, 2011

Shareholders

Trust

Three Year Warrant

Four Year Warrant

Five Year Warrant

Lender

31-Dec-14

31-Dec-15

31-Dec-16

Family Trust

31-May-15

31-May-16

31-May-17

Convertible Debt Other

Other Additional Capital

$4,493,492

$357,330

Convertible debt- other, net of discount

68,530

65,757

250,000

1,000,000

Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate

12.00%

Financial Instruments, Owned, at Fair Value

500,000

250,000

Common Stock, Shares, Issued

2,500,000

250,000

625,000

250,000

625,000

Common Stock, Par or Stated Value Per Share

$0.20

$0.40

$0.65

$0.75

$0.40

$0.65

$0.75

$0.40

$0.65

$0.75

Due to Related Parties, Current

250,000

Debt Instrument, Principal Outstanding

1,250,000

Accretion of Discount

341,772

Due to Related Parties

363,500

Accrued interest-related parties

247,217

177,655

23,873

Repayments of Convertible Debt

75,000

Debt Instrument, Convertible, Effective Interest Rate

12.00%

Bridge Loan

$50,000

$100,000

7_Line_of_Credit_Details

(7) Line of Credit (Details) (USD $)	Mar. 31, 2013	Apr. 21, 2012
Details	'	'
Long-term Line of Credit	$124,703	$150,000
Line of Credit Facility, Interest Rate at Period End	'	6.00%

8_Stock_Options_Details

(8) Stock Options (Details) (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Feb. 13, 2012	Sep. 30, 2009	Sep. 30, 2009	Dec. 31, 2011	Dec. 31, 2011
	Mar. 31, 2013	Mar. 31, 2012	Feb. 13, 2012	Employees and Consultants	Directors	Employee	Chief Financial Officer
Common Stock, Shares, Issued	'	'	'	505,000	300,000	25,000	300,000
Common Stock, Par or Stated Value Per Share	'	'	$0.20	$0.50	$0.50	'	$0.50
Fair Value of Options	$292,262	'	'	'	'	'	'
Recognized Cost	$16,342	$10,578	'	'	'	'	'

8_Stock_Options_Schedule_of_Sh3

(8) Stock Options: Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Details)	3 Months Ended
	Mar. 31, 2013
Details	'
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum	40.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum	60.00%
Fair Value Assumptions, Expected Dividend Rate	0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term, Minimum	5
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term, Maximum	10
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum	2.33%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum	3.38%

8_Stock_Options_Schedule_of_Sh4

(8) Stock Options: Schedule of Share-based Compensation, Stock Options, Activity (Details) (USD $)	3 Months Ended
	Mar. 31, 2013	Dec. 31, 2012
Details	'	'
Class of Warrant or Right, Outstanding	1,055,000	1,055,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$0.50	$0.50
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	4.2	5.2
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	$0	$0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	0	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period	0	'

8_Stock_Options_Schedule_of_Sh5

(8) Stock Options: Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range (Details) (USD $)	Mar. 31, 2013	Dec. 31, 2012
Class of Warrant or Right, Outstanding	1,055,000	1,055,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	4.2	5.2
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$0.50	$0.50
Fixed Proce Stock Options	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Exercise Price	$0.50	'
Class of Warrant or Right, Outstanding	1,055,000	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	3.4	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$0.50	'