Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

v2.4.0.6
Balance Sheets (USD $)
Dec. 31, 2011
Sep. 30, 2012
Unaudited
CURRENT ASSETS    
Cash $ 11,957 $ 144,506
Accounts Receivable (Note 2) 0 0
Inventory (Note 2) 0 67,829
Other current assets 0 114
TOTAL CURRENT ASSETS 11,957 212,449
FIXED ASSETS, NET (Note2, 5) 0 0
OTHER ASSETS - Investments in limited partnerships - (Note 2,4,8,9) 24,967 0
TOTAL ASSETS 36,924 212,449
CURRENT LIABILITIES    
Accounts payable 53,056 13,993
Accrued expenses 116,231 69,756
Accrued interest 212,949 15,910
Judgments payable 39,372 0
Notes payable - current portion (Note 7) 660,801 30,383
TOTAL CURRENT LIABILITIES 1,082,409 130,042
LONG-TERM DEBT - Notes payable - long term (Note 7) 0 0
TOTAL LIABILITIES 1,082,409 130,042
STOCKHOLDERS' EQUITY (DEFICIT)    
Common Stock 250,000,000 authorized at $0.001 par value; 144,419,925 167,097,874
Total Common Shares issued and outstanding, respectively 144,420 167,098
Additional paid-in capital 13,921,959 14,106,507
Accumulated deficit (15,111,864) (14,191,198)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT) (1,045,485) 82,407
TOTAL LIABILITIES, AND STOCKHOLDERS' EQUITY (DEFICIT) $ 36,924 $ 212,449