XML 27 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
OPERATING ACTIVITIES:    
Net Loss attributable to the Company $ (92,475) $ (393,090)
Add: Net loss attributable to non-controlliong interest    4,171
Net loss (92,475) (388,919)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 8,299 25,160
Amortization of debt discount 6,272   
Finance charges in connection with convertible debt 23,995   
Common Stock and options issued for services 21,038 207,177
Amortization of deferred compensation    18,281
Changes in operating assets and liabilities:    
(Increase) Decrease in prepaid expenses and other current assets (3,562) 2,862
Decrease in miscellaneous receivable 3,007   
Increase in Accounts Payable and Accrued Liabilities (42,692) 71,068
(Decrease) in customer deposits    (53,940)
Net cash (used in) operating activities (76,118) (118,311)
INVESTING ACTIVITIES:    
Purchase of equipment (25,346) (1,016)
Net cash used in investing activities (25,346) (1,016)
FINANCING ACTIVITIES:    
Cash Overdraft (1,309)   
Proceeds from the sale of common stock 35,000 63,750
Proceeds form Loans Payable 32,440 32,122
Proceeds from Convertible Notes Payable 100,000   
Payments of Loan Payables    (1,412)
Payments of Notes Payable (2,157) (1,942)
Net Cash Provided by Financing Activities 163,974 92,518
Effect of exchange rate change    269
Increase (decrease) in cash and cash equivalents 62,510 (26,540)
Cash and cash equivalents at beginning of period    61,179
Cash and cash equivalents at end of period 62,510 34,639
Cash paid during the period for:    
Interest expense 3,026 3,192
Income taxes      
Supplemental Disclosures of Cash Flow Information (Non Cash Financing Activities):    
Forgiveness of compensation - officer    700,269
Common stock issued as consideration for accrued compensation - officer    366,000
Common stock issued as consideration for accrued expenses 3,000 14,875
Accrued expenses applied for option exercise    1,000
Payment of accrued expenses by former director applied to additional paid in capital $ 27,000