v2.4.0.6

Consolidated Statements of Cash Flows (USD $)	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (loss)	$ (485,228)	$ (515,626)
Adjustments to reconcile net income (loss) to net cash (used) by operating activities:
Officer compensation contributed	30,000	30,000
Stock issued for services	25,000	4,200
Loss on debt extinguishment	65,207	0
Depreciation	51	102
Accretion of note discount	0	6,458
Loss on sale of marketable securities	92,012	12,016
Changes in operating assets and liabilities
Decrease (increase) in accounts receivable	6,019	(9,514)
Increase (decrease) in deferred wages	0	(51,782)
Increase (decrease) in accounts payable	(11,873)	(11,189)
Increase (decrease) in accrued interest	2,166	(434,523)
Net cash flows (used by) operating activities	(276,646)	(969,858)
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sale of marketable securities	130,780	68,685
Net cash flows provided by investing activities	130,780	68,685
CASH FLOWS FROM FINANCING ACTIVITIES
Stock issued for cash	66,163	0
Repayments of notes payable	0	(386,410)
Net cash flows (used in) provided by financing activities	66,163	(386,410)
NET CHANGE IN CASH	(79,703)	(1,287,583)
CASH - BEGINNING OF PERIOD	118,835	1,670,949
SUPPLEMENTAL CASH FLOW INFORMATION
Preferred and common stock issued for debt	83,837	80,368
Non cash investing activities
Cash paid for Interest	0	464,733
Cash paid for Income taxes	$ 0	$ 0

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