v2.4.0.6
Statements of Operations (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
REVENUES:        
Royalty income $ 1,607    $ 2,213   
OPERATING EXPENSES:        
Administrative 84,600 136,362 318,313 693,853
Total operating expenses 84,600 136,362 318,313 693,853
(LOSS) FROM OPERATIONS (82,993) (136,362) (316,100) (693,853)
OTHER INCOME AND EXPENSES:        
Gain (Loss) on beneficial conversion (2,827) (50,000) (43,770) 12,329
Amortization of debt discount       (41,113) 27,945
Gain on conversion       290   
Interest expense, net (13,069) (5,979) (40,858) (57,321)
Total other income and expenses (15,896) (55,979) (125,451) (44,992)
Net (loss) before income taxes (98,889) (192,341) (441,551) (738,845)
Provision for income taxes            
NET (LOSS) FROM CONTINUING OPERATIONS (98,889) (192,341) (441,551) (738,845)
GAIN/(LOSS) FROM DISCONTINUED OPERATIONS          (67,178)
NET INCOME/(LOSS) $ (98,889) $ (192,341) $ (441,551) $ (806,023)
Net income/(loss) per common share-basic (Note A) $ (0.003) $ (0.01) $ (0.01) $ (0.06)
Net Loss per common stock-assuming fully diluted (Note A)            
Weighted average number of common shares outstanding-basic 33,853,237 14,144,856 33,658,429 14,334,749
Weighted average number of common shares outstanding-fully diluted 50,794,535   50,599,727