Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
Sep. 30, 2014
Dec. 31, 2013
Current Assets:    
Cash and cash equivalents $ 7,417,465 $ 1,628,529
Accounts receivable 40 1,093
Inventory 19,500 16,500
Prepaid expenses 50,819 17,477
Prepaid stock purchase 90,000 43,750
Security deposit 15,000 15,000
Trading securities 1,858,873 1,717,438
Available-for-sale securities 5,600,836 2,900,090
Deferred income taxes - current    758,000
Total Current Assets 15,052,533 7,097,877
Property and equipment, net 173,169 227,298
Domain name 5,000   
Deferred income taxes - non-current 446,000 282,000
TOTAL ASSETS 15,676,702 7,607,175
Current Liabilities:    
Accounts payable and accrued liabilities 62,243 39,374
Federal Income Taxes Payable 1,072,000   
Related party notes payable 1,969,082 1,882,648
Total Current Liabilities 3,103,325 1,922,022
Noncurrent related party notes payable 8,915,838 8,562,355
Total Liabilities 12,019,163 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 14,049,715 14,049,717
Unrealized gain (loss) on available-for-sale securities (1,528,201) 1,285,009
Accumulated deficit (11,934,042) (15,655,575)
Total Stockholders' Equity (Deficit) 3,657,539 (2,877,202)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) 15,676,702 7,607,175
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
Total Stockholders' Equity (Deficit) 2 2
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 2 $ 2