|
Consolidated Balance Sheets (USD $)
|
Jun. 30, 2012
|
Dec. 31, 2011
|
| CURRENT ASSETS |
|
|
| Cash and cash equivalents |
$ 41,797 |
$ 564 |
| Accounts receivable, net |
524,262 |
|
| Prepaid expenses |
3,270 |
|
| Loans receivable |
|
183,500 |
| Total Current Assets |
569,329 |
184,064 |
| Goodwill |
2,557,033 |
|
| TOTAL ASSETS |
3,126,362 |
184,064 |
| CURRENT LIABILITIES |
|
|
| Accounts payable |
934,350 |
84,141 |
| Due to related parties |
66,754 |
29,254 |
| Accrued expenses |
850,748 |
801,110 |
| Notes payable |
1,582,016 |
232,000 |
| Notes payable - related parties |
1,479,200 |
493,500 |
| Total Current Liabilities |
4,913,068 |
1,640,005 |
| TOTAL LIABILITIES |
4,913,068 |
1,640,005 |
| STOCKHOLDERS' DEFICIT |
|
|
| Preferred stock, $0.0001 par value; 200 shares authorized, 200 and -0- shares issued and outstanding |
|
|
| Common stock, $0.0001 par value; 50,000,000 shares authorized, 10,567,747 and 3,167,747 shares issued and outstanding, respectively |
1,057 |
317 |
| Additional paid-in capital |
31,204,766 |
30,649,006 |
| Accumulated deficit |
(32,992,529) |
(32,105,264) |
| Total Stockholders' Deficit |
(1,786,706) |
(1,455,941) |
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT |
$ 3,126,362 |
$ 184,064 |