Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
Jun. 30, 2013
Dec. 31, 2012
Current Assets:    
Cash and Cash equivalents $ 567,987 $ 382,946
Accounts receivable 929 882
Inventory 13,400 13,400
Prepaid expense 17,492 17,725
Security deposit 15,000 15,000
Trading securities 2,189,178 200,556
Available-for-sale securities 1,710,050 292,320
Total Current Assets 4,514,036 922,829
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 111,015 85,770
Total Property & Equipment 272,492 297,464
TOTAL ASSETS 4,786,528 1,220,293
Current Liabilities:    
Accounts payable and accrued liabilities 20,501 43,453
Related party notes payable 2,478,927 2,521,026
Total Current Liabilities 2,499,428 2,564,479
Total Liabilities 2,499,428 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 (103,300) (93,820)
Retained deficit (11,577,645) (15,199,451)
Total Stockholders' Deficit 2,287,100 (1,344,186)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) 4,786,528 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