Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows (Unaudited)

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Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) from continuing operations $ 956,886 $ (44,578)
Adjustments to reconcile net loss to net cash used by operating activities:    
Common stock issued for services 7,000 10,000
Gain on sale of investment (927,318)  
Forgiveness of debt (138,304)  
(Increase) decrease in accounts receivable (1,126) 0
(Increase) decrease in inventory (33,843) 0
Increase (decrease) in accounts payable 12,332 0
Increase (decrease) in Accrued Interest 5,431 19,288
Increase (decrease) in Accrued Expenses (41,900) (29,377)
Net Cash Used in Operating Activities (160,842) (44,667)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of investment 952,351 0
Net Cash Provided (Used) in Investing Activities 952,351 0
CASH FLOWS FROM FINANCING ACTIVITIES    
Payments on Notes Payable (587,430) 0
Reclassification of Note Payable 0 20,000
Net Proceeds from borrowings 0 0
Net Cash Provided by Financing Activities (587,430) 20,000
NET DECREASE IN CASH 204,079 (24,667)
CASH, BEGINNING OF PERIOD 11,957 41,480
CASH, END OF PERIOD 216,036 16,813
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest paid 0 0
Income taxes paid 0 0
Common stock issued in conversion of debts and accrued interest 180,964 0
Common stock issued for services 7,000 10,000
Foregiveness of debts included as income 138,304 0
Common stock issued for judgement settlements $ 19,262 $ 0