Annual report pursuant to Section 13 and 15(d)

EAT AT JOE'S LTD., AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) YEARS ENDED DECEMBER 31, 2011 AND 2010

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EAT AT JOE'S LTD., AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) YEARS ENDED DECEMBER 31, 2011 AND 2010 (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Revenues $ 1,077,832 $ 1,240,832
Cost of Revenues 326,896 426,550
Gross Margin 750,936 814,282
Expenses    
Labor and Related Expenses 326,207 338,722
Rent 179,772 206,201
Depreciation and Amortization 27,889 4,798
Other General and Administrative 175,271 218,077
Total Operating Expenses 709,139 767,798
Net Operating Income (Loss) 41,797 46,484
Other Income (Expense)    
Interest income 2,950 6,100
Dividend income 27 42
Interest expense (143,999) (142,699)
Write-off of Notes Receivable   (112,139)
Unrealized gain (loss) on Trading Securities (105,026) (187,662)
Loss from impairment of available-for-sale securities   (90,019)
Gain (Loss) on sale of Marketable Securities 54,317 (138,645)
Net Other Income (Expense) (191,731) (665,022)
Net Income (Loss) Before Income Taxes (149,934) (618,538)
Income Tax (Expense) Benefit (2,975) (3,243)
Net Income (Loss) (152,909) (621,781)
Other Comprehensive Income (Loss)    
Unrealized gain (loss) on available-for-sale securities 133,610 (90,850)
Comprehensive Income (Loss) $ (19,299) $ (712,631)
Basic Income (Loss) Per Common Share: $ 0.00 $ (0.01)
Weighted Average Common Shares 106,577,710 106,577,710