v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Loss $ (9,879,834) $ (38,212)
Services contributed by officers and shareholders 1,500 2,000
Depreciation and amortization 29,720 342
Expenses paid on behalf of the Company by a related party 5,000   
Loss on disposal of assets 1,023   
Common shares issued for services 945,304   
Impairment of goodwill 2,350,800   
Stock options issued for services 4,708,097   
Stock options issued for executive compensation 1,910,568   
Loss on settlement of debt    936
Amortization of debt discounts on convertible notes 18,245   
Changes in operating assets and liabilities:    
Accounts receivable (179,880)   
Prepaid expenses (337,400) (108)
Accounts payable and accrued expenses 253,878 (710)
Deferred revenue 77,433   
Net Cash Used in Operating Activities (95,546) (35,752)
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash acquired in acquisition of subsidiary 1,260   
Cash paid for prepaid acquisition costs (200,000)   
Cash advances made in advance of acquisition (132,177)   
Purchase of property and equipment    (2,048)
Net Cash Used in Investing Activities (330,917) (2,048)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from notes payable - related parties 27,000 392
Repayments on notes payable - related parties (105,380)   
Proceeds from convertible notes payable, related parties 50,000   
Proceeds from convertible notes payable 182,500   
Proceeds from sale of common stock 250,000 50,000
Proceeds from stock subscription payable 186,000   
Net Cash Provided by Financing Activities 590,120 50,392
NET INCREASE IN CASH 163,657 12,592
CASH AT BEGINNING OF YEAR 18,068 5,476
CASH AT END OF YEAR 181,725 18,068
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest 225   
Income taxes      
NON-CASH FINANCING ACTIVITIES    
Beneficial conversion feature on issuance of convertible debt 180,000   
Common stock, options and debt issued for acquisitions 4,113,150   
Common stock issued for debt    $ 24,064