Quarterly report pursuant to Section 13 or 15(d)

EAT AT JOE'S LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS

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EAT AT JOE'S LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash Flows From Operating Activities    
Net Income (Loss) $ 22,361 $ (140,718)
Adjustments to reconcile net loss to net cash Provided by operating activities    
Depreciation and Amortization 12,330 1,086
Unrealized (gain) loss on trading securities (130,935) 80,552
(Gain) Loss on sale of marketable securities 69,826  
Decrease (Increase) in receivables 1,381 1,762
Decrease (Increase) in inventory 0 0
Decrease (Increase) in prepaid expense 418 17,292
Decrease (Increase) in security deposit 0 (15,000)
(Decrease) Increase in accrued interest payable 35,080 36,075
(Decrease) Increase in accounts payable and accrued liabilities (21,736) (32,196)
Net Cash Used in Operating Activities (11,275) (51,147)
Cash Flows From Investing Activities    
Purchases of trading securities (44,080) 0
Purchases of available-for-sale securities (22,500) 0
Proceeds from sale of trading securities 177,040 0
Proceeds from sale of available-for-sale securities 0 0
Purchase of property and equipment (3,224) (204,500)
Net Cash Provided by Investing Activities 107,236 (204,500)
Cash Flows From Financing Activities    
Repayment of notes, advances and related party payables (72,000) 0
Net Cash Provided by Financing Activities (72,000) 0
Increase (Decrease) in Cash 23,961 (255,647)
Cash at beginning of period 712,648 1,212,018
Cash at end of period 736,609 956,371
Supplemental Disclosure of Interest and Income Taxes Paid    
Interest paid during the period 0 0
Income taxes paid during the period 0 0
Supplemental Disclosure of Non-cash Investing and Financing Activities:    
Marketable securities acquired through related party notes and contributed capital 0 0
Unrealized gain (loss) on trading securities $ 130,935 $ (80,552)