Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
Sep. 30, 2013
Dec. 31, 2012
Current Assets:    
Cash and cash equivalents $ 1,944,597 $ 382,946
Accounts receivable 731 882
Inventory 13,400 13,400
Prepaid expense 17,469 17,725
Security deposit 15,000 15,000
Trading securities 1,858,202 200,556
Available-for-sale securities 2,504,150 292,320
Total Current Assets 6,353,549 922,829
Equipment 104,905 104,633
Furniture & Fixtures 3,964 3,964
Leasehold improvements 274,637 274,637
Property and equipment gross 383,506 383,234
Less accumulated depreciation 139,968 85,770
Total Property & Equipment 243,538 297,464
TOTAL ASSETS 6,597,087 1,220,293
Current Liabilities:    
Accounts payable and accrued liabilities 24,140 43,453
Related party notes payable 2,359,758 2,521,026
Total Current Liabilities 2,383,898 2,564,479
Total Liabilities 2,383,898 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 14,587,780 13,747,780
Unrealized gain on available-for-sale securities (257,399) (93,820)
Retained deficit (10,645,655) (15,199,451)
Total Stockholders' Equity (Deficit) 4,213,189 (1,344,186)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) 6,597,087 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