Annual report pursuant to Section 13 and 15(d)

EAT AT JOE'S LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS YEARS ENDED DECEMBER 31, 2011 AND 2010

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EAT AT JOE'S LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS YEARS ENDED DECEMBER 31, 2011 AND 2010 (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Net Income (Loss) $ (152,909) $ (621,781)
Depreciation and Amortization 27,889 4,798
Loss from impairment of available-for-sale securities   90,019
Unrealized (gain) loss on Trading Securities 105,026 187,662
(Gain) Loss on sale of marketable securities (54,317) 138,645
Write-off of Notes Receivable   112,139
Decrease (Increase) in receivables 23 (1,340)
Decrease (Increase) in inventory (1,040) (820)
Decrease (Increase) in prepaid expense (440) (1,355)
Decrease (Increase) in security deposit (15,000) 0
(Decrease) Increase in accrued interest payable 143,999 142,699
(Decrease) Increase in accounts payable and accrued liabilities 1,300 7,218
Net Cash Used in Operating Activities 54,531 57,884
Purchases of trading securities (618,017) (23,143)
Purchases of available-for-sale securities (37,500) (27,500)
Proceeds from sale of trading securities 682,412 206,030
Proceeds from sale of available-for-sale securities 0 0
Purchase of property and equipment (360,796) 0
Net Cash Provided by Investing Activities (333,901) 155,387
Repayment of notes, advances and related party payables (220,000) (240,000)
Net Cash Provided by Financing Activities (220,000) (240,000)
Increase (Decrease) in Cash (499,370) (26,729)
Cash at beginning of period 1,212,018 1,238,747
Cash at end of period 712,648 1,212,018
Interest paid during the period 20,000 0
Income taxes paid during the period 3,533 3,103
Marketable securities acquired through related party notes and contributed capital 210,000 179,970
Unrealized gain (loss) on Trading Securities $ (105,026) $ (187,662)