v2.4.0.8
Consolidated Balance Sheets (USD $)
Sep. 30, 2013
Dec. 31, 2012
Current Asset    
Cash $ 676 $ 359
PROPERTY AND EQUIPMENT - Net 306 306
OTHER ASSETS    
Depository payment towards acquisition of iron ore mine 350,000 350,000
Deposit on acquistion 159,000  
Prepaid Expenses   470,000
Total Other Assets 509,000 820,000
TOTAL ASSETS 509,982 820,665
Current Liabilites    
Accounts Payable 880,944 762,111
Taxes payable 8,716 8,716
Accrued interest payable 122,177 82,685
Due to stockholders   6,000
Loans payable 329,660 311,000
Convertible debentures, net of debt discount of $8,700 and $0 as of September 30, 2013 and December 31, 2012 129,300 38,000
Derivative liability 525,233 209,100
Total Current Liabilites 1,996,030 1,417,612
Convertible debentures, net of debt discount of $483,500 and $291,300 as of September 30, 2013 and December 31, 2012, net of current portion 510,810 362,800
Total liabilities 2,506,840 1,780,412
Stockholders' Deficit (Note 8)    
Convertible Preferred Stock Class A, no par value, 100,000 shares authorized at September 30, 2013 and December 31, 2012. Issued and outstanding 20,000 shares at September 30, 2013 and December 31, 2012. 46,000 46,000
Convertible Preferred Stock Class B, no par value, 400,000 shares authorized at September 30, 2013 and December 31, 2012. None issued and outstanding at September 30, 2013 and December 31, 2012.      
Preferred Stock Class C, no par value, 50,000 shares authorized at September 30, 2013 and December 31, 2012. Issued and outstanding 20,000 shares at September 30, 2013 and December 31, 2012. 9,000 9,000
Common stock, par value $.001 per share; authorized 5,000,000,000 shares, issued and outstanding 3,081,452,913 and 128,824,857 shares at September 30, 2013 and December 31, 2012 3,081,453 128,825
Additional Paid in Capital 9,162,711 11,242,054
Deficit Accumulated During the Development Stage (14,296,022) (12,385,626)
Total Stockholders' Deficit (1,996,858) (959,747)
Total Liabilities and Stockholders' Deficit $ 509,982 $ 820,665