v2.4.0.6
Consolidated Balance Sheets (USD $)
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Cash & cash equivalents $ 9,323 $ 118,835
Marketable securities 292,443 458,825
Prepaid expenses 1,100 1,100
Accounts receivable    6,744
Total current assets 302,867 585,504
PROPERTY AND EQUIPMENT    
Plant and mill - idle 3,980,000 3,980,000
Office equipment, net    51
Total property and equipment 3,980,000 3,980,051
Total Assets 4,282,867 4,565,555
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable and accrued expenses 24,177 43,244
Notes payable 350,000 15,000
Debentures (net)    50,000
Accrued interest payable 10,050 21,734
Total current liabilities 384,226 129,978
Total Liabilities 384,226 129,978
Commitments and contingencies      
STOCKHOLDERS' EQUITY    
Preferred stock, par value $.01 per share; 10,000,000 shares authorized, 80,000 and 80,000 issued and outstanding 800 800
Common stock, par value $.0001 per share; 2,000,000,000 authorized shares; 23,366,328 and 14,625,044  issued and outstanding shares, respectively 2,336 1,462
Additional paid-in capital 64,602,865 64,337,063
Accumulated (deficit) (60,426,854) (59,459,693)
Accumulated other comprehensive income (loss) (280,506) (444,055)
Total stockholders' equity 3,898,641 4,435,577
Total Liabilities and Stockholder's Equity $ 4,282,867 $ 4,565,555