Quarterly report pursuant to Section 13 or 15(d)

EAT AT JOE'S LTD. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS

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EAT AT JOE'S LTD. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2011
Dec. 31, 2010
Current Assets:    
Cash and cash equivalents $ 900,645 $ 1,212,018
Receivables 12,202 12,900
Inventory 11,060 11,060
Prepaid expense 17,347 17,347
Security Deposit 15,000 0
Trading securities 234,382 173,266
Available-for-sale securities 230,890 55,050
Total Current Assets 1,421,526 1,481,641
Property and equipment:    
Equipment 205,548 123,421
Furniture and fixtures 3,964 3,964
Leasehold improvements 650,802 381,133
Total Property & Equipment gross 860,314 508,518
Less accumulated depreciation (516,388) (500,577)
Total Property & Equipment 343,926 7,941
TOTAL ASSETS 1,765,452 1,489,582
Current Liabilities:    
Accounts payable and accrued liabilities 162,112 179,423
Related party accounts payable 8,784 8,784
Short-term notes payable 172,870 172,870
Related party notes payable - current 2,609,405 2,483,999
Convertible debentures 2,043,702 2,043,702
Total Current Liabilities 4,996,873 4,888,778
Related party notes payable - non-current 220,650 210,965
Total Liabilities 5,217,523 5,099,743
STOCKHOLDERS' DEFICIT    
Common Stock - $0.0001 par value. 250,000,000 shares authorized; 106,577,710 issued and outstanding September 30, 2011 and December 31, 2010. 10,658 10,658
Additional paid-in capital 13,570,485 13,370,485
Unrealized gain on available-for-sale securities 124,890 (20,950)
Retained deficit (17,158,106) (16,970,356)
Total Stockholders' Deficit (3,452,071) (3,610,161)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 1,765,452 1,489,582
Series E - Convertible Preferred Stock
   
STOCKHOLDERS' DEFICIT    
Preferred stock $ 2 $ 2