"On December 31, 2011, the Company had 82,699,873,236 (2010 -81,230,311,510) shares issuable in excess of the number authorized under the Company’s Restated Certificate of Incorporation. As a result, these shares were recorded as a liability of $8,269,987 (2010 - $8,123,031), resulting in an expense of $146,956 and $8,123.031, through such dates."