|
Consolidated Balance Sheets (Unaudited) (USD $)
|
Sep. 30, 2011
|
Dec. 31, 2010
|
| CURRENT ASSETS |
|
|
| Cash and Cash Equivalents |
$ 36,694 |
$ 27,603 |
| Accounts Receivable |
173,641 |
172,937 |
| Prepaid and Other Current Assets |
39,597 |
102,620 |
| TOTAL CURRENT ASSETS |
249,932 |
303,160 |
| FIXED ASSETS, NET |
0 |
1,436 |
| OTHER ASSETS |
|
|
| Related Party Loan |
219,284 |
219,284 |
| TOTAL OTHER ASSETS |
219,284 |
219,284 |
| TOTAL ASSETS |
469,216 |
523,880 |
| Current Liabilities: |
|
|
| Line of Credit |
34,440 |
51,468 |
| Convertible Note Payable |
0 |
36,000 |
| Accounts Payable |
0 |
9,452 |
| Accruals and Other Payables |
62,343 |
60,888 |
| TOTAL LIABILITIES |
96,783 |
157,808 |
| STOCKHOLDERS’ EQUITY |
|
|
| Convertible Preferred Stock ($.001 par value, 5,000,000 authorized:29,713 and 29,713 issued and outstanding) |
$ 30 |
$ 30 |
| Common Stock ($.001 par value, 100,000,000 shares authorized: 36,311,640 and 37,711,640 shares issued and outstanding) |
$ 36,311 |
$ 37,711 |
| Additional Paid-in-Capital |
24,496,376 |
24,592,976 |
| Accumulated Deficit |
(24,160,284) |
(24,264,645) |
| TOTAL STOCKHOLDERS’ EQUITY |
372,433 |
366,072 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY |
$ 469,216 |
$ 523,880 |