Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows

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Statements of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash Flows From Operating Activities    
Net gain (loss) for the period $ (166,436) $ (187,750)
Depreciation and amortization 37,695 15,811
Unrealized (gain) loss on trading securities (100,943) 156,096
(Gain) Loss on sale of marketable securities 79,987 (59,302)
Decrease (Increase) in receivables 1,383 698
Decrease (Increase) in inventory 0 0
Decrease (Increase) in prepaid expense 68 0
Decrease (Increase) in security deposit 0 (15,000)
(Decrease) Increase in accrued interest payable 104,757 110,090
(Decrease) Increase in accounts payable and accrued liabilities (25,538) (17,311)
Net Cash Provided by (Used) in Operating Activities (69,027) 3,332
Cash Flows From Investing Activities    
Purchases of trading securities (91,807) (320,360)
Purchases of available-for-sale securities (127,500) (15,000)
Proceeds from sale of trading securities 285,534 667,451
Proceeds from sale of available-for-sale securities 0 0
Purchase of property and equipment (7,789) (351,796)
Net Cash Provided (Used) by Investing Activities 58,438 (19,705)
Cash Flows From Financing Activities    
Repayment of notes, advances and related party payables (252,000) (295,000)
Net Cash Provided (Used) by Financing Activities (252,000) (295,000)
Increase (Decrease) in Cash (262,589) (311,373)
Cash at beginning of period 712,648 1,212,018
Cash at end of period 450,059 900,645
Supplemental Disclosure of Interest and Income Taxes Paid    
Interest paid during the period 0 0
Income taxes paid during the period 0 0
Marketable securities acquired through related party notes and contributed capital 0 700,000
Unrealized gain (loss) on trading securities $ 100,943 $ (156,096)