v2.4.0.6
Consolidated Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (loss) $ (229,394) $ (277,835)
Adjustments to reconcile net income (loss) to net cash (used) by operating activities:    
Officer compensation contributed 15,000 15,000
Stock issued for services 0 4,200
Depreciation 51 51
Accretion of note discount 0 6,458
Loss on sale of marketable securities 55,079 0
Changes in operating assets and liabilities    
Decrease (increase) in accounts receivable (1,053) 0
Increase (decrease) in deferred wages 0 (51,782)
Increase (decrease) in accounts payable 13,402 (22,572)
Increase (decrease) in accrued interest 1,297 (406,733)
Net cash flows (used by) operating activities (145,618) (733,213)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of marketable securities 104,815 0
Net cash flows provided by investing activities 104,815 0
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayments of notes payable 0 (53,000)
Net cash flows (used in) provided by financing activities 0 (53,000)
NET CHANGE IN CASH (40,803) (786,213)
CASH - BEGINNING OF PERIOD 118,835 1,670,949
CASH - END OF PERIOD 78,032 884,736
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for Interest 0 426,804
Cash paid for Income taxes $ 0 $ 0