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2. Going Concern | 12 Months Ended
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Dec. 31, 2011
Going Concern Note | 2. Going Concern The Company has suffered losses from operations and, without additional capital, currently lacks liquidity to meet its current obligations. The Company had net losses for 2011 and 2010 of $15,837,168 and $8,409,605, respectively. As of December 31, 2011, the Company had negative working capital of $3,485,263 and accumulated deficit of $42,053,664. Unless additional financing is obtained, the Company may not be able to continue as a going concern. During 2011, the Company raised $13,395,410 in capital through the issuance of $3,989,359 of common stock $9,406,051 of preferred stock. In 2010, the Company raised $2,935,720 in capital through the issuance of common and preferred stock. The Company is seeking additional capital to establish operations, restart the card and event businesses and complete and integrate targeted acquisitions. However, due to the current economic environment and the Company’s current financial condition, we cannot assure current and future stockholders there will be adequate capital available when needed and on acceptable terms. The financial statements were prepared on a going concern basis which contemplates the realization of assets and the settlement of liabilities in the normal course of business. The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result if the Company be unable to continue as a going concern.

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- Definition If there is a substantial doubt about an entity's ability to continue as a going concern for a reasonable period of time (generally a year from the balance sheet date), disclose: (a) pertinent conditions and events giving rise to the assessment of substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time, (b) the possible effects of such conditions and events, (c) management's evaluation of the significance of those conditions and events and any mitigating factors, (d) possible discontinuance of operations, (e) management's plans (including relevant prospective financial information), and (f) information about the recoverability or classification of recorded asset amounts or the amounts or classification of liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 948 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6490092&loc=d3e47214-110998 + Details
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