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 Income (loss) $ (842,850) $ 2,363,508
Adjustments to reconcile net income (loss) to net cash (used) by operating activities:    
Officer compensation contributed 60,000 0
Stock issued for services 4,200 0
Non cash interest 36,888 110,600
Loss on debt conversions 0 99,890
Loss on sale of Bolivian Operations 0 71,768
(Gain) on Queenstake settlement 0 (4,349,301)
Depreciation 205 205
Stock based compensation 0 59,830
Loss on sale of marketable securities 31,068 0
Changes in operating assets and liabilities    
Decrease (increase) in accounts receivable (6,744) 202,688
Decrease (increase) in prepaid expense and other costs 0 2,400
Increase (decrease) in deferred wages (51,782) (224,989)
Increase (decrease) in accounts payable (141,828) (564,774)
Increase (decrease) in accrued interest (419,928) 328,643
Net cash flows (used by) operating activities (1,330,771) (1,899,532)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of Queenstake settlement 165,067 3,467,152
Proceeds from sale of Bolivian operations 0 50,000
Net cash flows provided by investing activities 165,067 3,517,152
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings from related parties 0 86,050
Repayments to related parties 0 111,050
Proceeds from notes payable 0 276,300
Repayments of notes payable 386,410 200,000
Net cash flows (used in) provided by financing activities (386,410) 51,300
NET INCREASE (DECREASE) IN CASH (1,552,114) 1,668,920
CASH - BEGINNING OF PERIOD 1,670,949 2,029
CASH - END OF PERIOD 118,835 1,670,949
SUPPLEMENTAL CASH FLOW INFORMATION    
Common stock issued for note payable repayments 75,000 270,799
Common stock issued for related party note payable repayments 0 50,000
2,000,000 shares of common stock of YNG received 0 1,152,000
Cash paid for Interest 463,106 33,751
Cash paid for Income taxes $ 0 $ 0