|
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (USD $)
|
3 Months Ended | 26 Months Ended | |
|---|---|---|---|
|
Mar. 31, 2012
|
Mar. 31, 2011
|
Mar. 31, 2012
|
|
| Revenue | |||
| Service Revenue, net | $ 6,653 | $ 7,990 | $ 68,599 |
| OPERATING EXPENSES | |||
| Professional fees | 30,896 | 49,737 | 176,885 |
| Web development and hosting | 1,047 | 15,225 | 86,265 |
| Marketing | 79 | 1,105 | 19,543 |
| Payroll and payroll taxes | 99,221 | 29,367 | 440,935 |
| Consulting | 380,064 | 55,000 | 1,410,890 |
| Travel and entertainment | 4,067 | 10,024 | 55,479 |
| General and administrative | 38,501 | 24,485 | 244,257 |
| Total Operating Expenses | 553,875 | 184,943 | 2,434,254 |
| NET LOSS FROM OPERATIONS | (547,222) | (176,953) | (2,365,655) |
| OTHER EXPENSES | |||
| Liquidated damages | 16,575 | ||
| Interest expense | 2,026 | 34,726 | 36,752 |
| Total other expenses | 2,026 | 34,726 | 53,327 |
| Net loss before provision for income taxes | (549,248) | (211,679) | (2,418,982) |
| Provision for Income Taxes | |||
| NET LOSS | $ (549,248) | $ (211,679) | $ (2,418,982) |
| Net loss per share - basic and diluted | $ (0.01) | $ (0.01) | |
| Weighted average number of shares outstanding during the period - basic and diluted | 44,768,517 | 23,234,214 | |