|
Consolidated Balance Sheets (USD $)
|
Dec. 31, 2011
|
Dec. 31, 2010
|
| Current assets |
|
|
| Cash and cash equivalents |
$ 0 |
$ 0 |
| Accounts receivables |
0 |
0 |
| Other receivables |
0 |
0 |
| Total current assets |
0 |
0 |
| Non-current assets |
|
|
| Property and equipment |
0 |
0 |
| Deposits |
0 |
0 |
| Total |
0 |
0 |
| Asset classified as held for sale |
5,701 |
1,016,167 |
| Total |
5,701 |
1,016,167 |
| Total Assets |
5,701 |
1,016,167 |
| Current liabilities |
|
|
| Accounts payable and accrued expenses |
272,928 |
240,817 |
| Short term debts |
833,195 |
817,836 |
| Total current liabilities |
1,106,123 |
1,058,653 |
| Liabilities classified as held for sale |
892,243 |
1,649,925 |
| Total |
1,998,366 |
2,708,578 |
| Long term liabilities |
|
|
| Long term debt |
60,000 |
60,000 |
| Due to a related party |
250,000 |
250,000 |
| Total long term liabilities |
310,000 |
310,000 |
| Stockholders' equity |
|
|
| Preferred stock, $.001 par value, 10,000,000 shares authorized; 1,620,000 shares issued and outstanding |
1,620 |
1,620 |
| Common stock; $.0001 par value, 50,000,000 shares authorized; 41,032,849 shares issued and outstanding |
4,102 |
4,102 |
| Additional paid-in capital |
5,031,916 |
5,031,916 |
| Stock issued at less than par value |
(2,683) |
(2,683) |
| Accumulated other comprehensive income |
227,849 |
239,557 |
| Accumulated deficit |
(7,565,469) |
(7,276,923) |
| Total deficiency in stockholders' equity |
(2,302,665) |
(2,002,411) |
| Total liabilities and deficiency in stockholders' equity |
$ 5,701 |
$ 1,016,167 |