Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
Dec. 31, 2013
Dec. 31, 2012
Current Assets:    
Cash and cash equivalents $ 1,628,529 $ 382,946
Accounts receivable 1,093 882
Inventory 16,500 13,400
Prepaid expense 17,477 17,725
Security deposit 15,000 15,000
Trading securities 1,717,438 200,556
Available-for-sale securities 9,089,608 1,925,160
Deferred income taxes - current 758,000 601,000
Total Current Assets 13,243,645 3,156,669
Property and equipment, net 227,298 297,464
Deferred income taxes - non-current 282,000 618,000
TOTAL ASSETS 13,752,943 4,072,133
Current Liabilities:    
Accounts payable and accrued liabilities 39,374 43,453
Related party notes payable 1,882,648 2,521,026
Total Current Liabilities 1,922,022 2,564,479
Noncurrent related party notes payable 8,562,355 5,545,021
Total Liabilities 10,484,377 8,109,500
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 13,747,780
Unrealized gain (loss) on available-for-sale securities (4,860,759) 3,523,340
Retained deficit (15,655,575) (14,275,472)
Total Stockholders' Equity (Deficit) 3,268,566 (4,037,367)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) 13,752,943 4,072,133
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