Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
Mar. 31, 2014
Dec. 31, 2013
Current Assets:    
Cash $ 7,825,865 $ 1,628,529
Accounts receivable 2,487 1,093
Inventory 16,500 16,500
Prepaid expense 17,477 17,477
Security deposit 15,000 15,000
Trading securities 2,968,569 1,717,438
Available-for-sale securities 10,793,820 9,089,608
Deferred income taxes - current 758,000 758,000
Total Current Assets 22,397,718 13,243,645
Property and equipment, net 209,232 227,298
Deferred income taxes - non-current 282,000 282,000
TOTAL ASSETS 22,888,950 13,752,943
Current Liabilities:    
Accounts payable and accrued liabilities 64,552 39,374
Due for stock purchase 27,500   
Related party notes payable 1,911,028 1,882,648
Total Current Liabilities 2,003,080 1,922,022
Noncurrent related party notes payable 8,680,183 8,562,355
Total Liabilities 10,683,263 10,484,377
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 14,049,717 14,049,717
Unrealized gain (loss) on available-for-sale securities (6,562,471) (4,860,759)
Retained deficit (8,420,166) (15,655,575)
Total Stockholders' Equity (Deficit) 12,205,687 3,268,566
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) 22,888,950 13,752,943
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