I found a solution so I hope this helps somebody. Even now that I know the source of this code I still can't locate it with firebug. I guess I'm still a complete amateur. Either way here it is...
Go to /components/com_k2/templates/default/item.php and you will find the script on line 300 and something. The exact line number is in the attached picture #1.
Then go to
developers.facebook.com/docs/plugins/like-button/ and configure the button how you would like.
For example if you would like your button to appear as it does on this website GetK2.org and not as it does by default on the K2 extension you would choose "button_count" as pictured in attachment #2.
Hope this helps somebody.