Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2013
Dec. 31, 2012
Current Assets:    
Cash and Cash equivalents $ 507,728 $ 382,946
Accounts receivable 252 882
Inventory 13,400 13,400
Prepaid expense 17,377 17,725
Security deposit 15,000 15,000
Trading securities 546,718 200,556
Available-for-sale securities 324,240 292,320
Total Current Assets 1,424,715 922,829
Equipment 104,906 104,633
Furniture & Fixtures 3,964 3,964
Leasehold improvements 274,637 274,637
Property and Equipment Gross 383,507 383,234
Less accumulated depreciation 98,545 85,770
Total Property & Equipment 284,962 297,464
TOTAL ASSETS 1,709,677 1,220,293
Current Liabilities:    
Accounts payable and accrued liabilities 50,285 43,453
Related party notes payable 2,534,379 2,521,026
Total Current Liabilities 2,584,664 2,564,479
Total Liabilities 2,584,664 2,564,479
STOCKHOLDERS' EQUITY (DEFICIT)    
Preferred stock - $0.0001 par value. 10,000,000 shares authorized; 20,000 Series E shares issued and outstanding 2 2
Common stock - $0.0001 par value. 250,000,000 shares authorized; 136,627,710 and 136,627,710 issued and outstanding, respectively 13,663 13,663
Additional paid-in capital 13,747,780 13,747,780
Unrealized gain on available-for-sale securities (213,190) (93,820)
Retained deficit (14,849,622) (15,199,451)
Total Stockholders' Deficit (874,987) (1,344,186)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) 1,709,677 1,220,293
Series E Preferred Stock
   
STOCKHOLDERS' EQUITY (DEFICIT)    
Preferred stock - $0.0001 par value. 10,000,000 shares authorized; 20,000 Series E shares issued and outstanding $ 2 $ 2