Quarterly report pursuant to Section 13 or 15(d)

EAT AT JOE'S LTD., AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

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EAT AT JOE'S LTD., AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues $ 312,969 $ 171,092
Cost of Revenues 89,768 62,074
Gross Margin 223,201 109,018
Expenses    
Labor and Related Expenses 122,461 65,938
Rent 52,526 35,139
Depreciation and Amortization 12,330 1,086
Other General and Administrative 40,006 32,069
Total Operating Expenses 227,323 134,232
Net Operating Income (Loss) (4,122) (25,214)
Other Income (Expense)    
Interest income 454 1,121
Dividend income 0 2
Interest expense (35,080) (36,075)
Unrealized gain (loss) on trading securities 130,935 (80,552)
Gain (Loss) on sale of Marketable Securities (69,826)  
Net Other Income (Expense) 26,483 (115,504)
Net Income (Loss) Before Income Taxes 22,361 (140,718)
Income Tax (Expense) Benefit 0 0
Net Income (Loss) 22,361 (140,718)
Other Comprehensive Income (Loss)    
Unrealized gain (loss) on available-for-sale securities 70,780 40,910
Comprehensive Income (Loss) $ 93,141 $ (99,808)
Basic & Diluted Income (Loss) Per Common Share: $ 0 $ 0
Weighted Average Common Shares 106,577,710 106,577,710