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 $)
Jun. 30, 2011
Dec. 31, 2010
Current Assets:    
Cash and cash equivalents $ 1,027,919 $ 1,212,018
Receivables 12,534 12,900
Inventory 11,060 11,060
Prepaid expense 17,347 17,347
Security Deposit 15,000 0
Trading securities 464,383 173,266
Available-for-sale securities 209,570 55,050
Advances 320,000 0
Total Current Assets 2,077,813 1,481,641
Property and equipment:    
Equipment 205,548 123,421
Furniture & Fixtures 3,964 3,964
Leasehold improvements 650,802 381,133
Total Property & Equipment gross 860,314 508,518
Less accumulated depreciation (504,162) (500,577)
Total Property & Equipment net 356,152 7,941
TOTAL ASSETS 2,433,965 1,489,582
Current Liabilities:    
Accounts payable and accrued liabilities 205,722 179,423
Related party accounts payable 8,784 8,784
Short-term notes payable 172,870 172,870
Related party notes payable 217,373 210,965
Convertible debentures 2,043,702 2,043,702
Total Current Liabilities 5,460,304 4,888,778
Non-Current Liabilities:    
Related party notes payable 217,373 210,965
Total Liabilities 5,677,677 5,099,743
STOCKHOLDERS' DEFICIT    
Preferred stock - $0.0001 par value.10,000,000 shares authorized; 20,000 Series E shares issued and outstanding 2 [1] 2 [2]
Common Stock - $0.0001 par value. 250,000,000 shares authorized; 106,577,710 issued and outstanding June 30, 2011 and December 31, 2010. 10,658 [3] 10,658 [4]
Additional paid-in capital 13,570,485 13,370,485
Unrealized gain on available-for-sale securities 133,570 (20,950)
Retained deficit (16,958,427) (16,970,356)
Total Stockholders' Deficit (3,243,712) (3,610,161)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 2,433,965 $ 1,489,582
[1] $0.0001 par value.10,000,000 shares authorized; 20,000 shares issued and outstanding as of June 30, 2011.
[2] $0.0001 par value.10,000,000 shares authorized; 20,000 shares issued and outstanding as of December 31, 2010.
[3] $0.0001 par value. 250,000,000 shares authorized; 106,577,710 issued and outstanding as of June 30, 2011.
[4] $0.0001 par value. 250,000,000 shares authorized; 106,577,710 issued and outstanding as of December 31, 2010.