Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows (Audited)

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Consolidated Statements of Cash Flows (Audited) (USD $)
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) from continuing operations $ 158,394 $ 924,209
Adjustments to reconcile net loss to net cash used by operating activities:    
Common stock issued for services 0 42,000
Gain on sale of investment 0 (927,318)
Increase (decrease) in accounts payable /accrued expenses (36,870) (117,466)
Increase (decrease) in accrued interest (16,488) (196,461)
Increase (decrease) in judgments' payable 0 (39,372)
NET CASH USED IN OPERATING ACTIVITIES 105,036 (314,408)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of investment 0 952,285
NET CASH PROVIDED (USED) IN INVESTING ACTIVITIES 0 952,285
CASH FLOWS FROM FINANCING ACTIVITIES    
Payments on notes payable 0 (430,192)
Extinguishment of debt (30,383) 0
Issuance of notes payable 12,750 0
Issuance of note receivable (175,000) (125,000)
NET CASH PROVIDED BY FINANCING ACTIVITIES (192,633) (555,192)
NET DECREASE IN CASH (87,597) 82,685
CASH, BEGINNING OF PERIOD 94,642 11,957
CASH, END OF PERIOD 7,045 94,642
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest paid 0 2,459
Income taxes paid 0 0
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES    
Common stock issued in conversion of debts and accrued interest and judgements 0 180,964
Common stock issued for services 0 42,000
Foregiveness of debts included as income 46,871 138,238
Common stock issued for judgement settlements $ 837 $ 19,262