Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2011
Dec. 31, 2010
ASSETS    
Cash and cash equivalents $ 99,713 $ 7,310
Accounts receivable 206,545  
Inventory 30,622  
Prepaid expenses and other assets 33,234   
Total current assets 370,114 7,310
Property and Equipment, Net 1,566,697 1,746
License, Net 82,353 88,236
Prepaid expenses 43,019   
TOTAL ASSETS 2,062,183 97,292
LIABILITIES AND STOCKHOLDERS' DEFICIT    
Accounts payable and accrued expenses 368,908 125,000
Accrued legal and consulting fees 656,507   
Advances payable - related party 951,034 402,389
Convertible note payable of discontinued operations 50,000   
Notes payable 150,000   
Current liabilities of discontinued operations 430,973   
Advances payable - related party of discontinued operations 169,984   
Total current liabilities 2,777,406 527,389
TOTAL LIABILITIES 2,777,406 527,389
STOCKHOLDERS' DEFICIT    
Common stock; $.001 par value; 100,000,000 shares authorized; 32,678,650 shares issued and outstanding as of December 31, 2011 27,085,571 shares issued and outstanding at December 31, 2010 32,679 27,086
Additional Paid-in capital 9,251,529 45,132
Deficit accumulated during development stage (9,999,431) (502,315)
Total stockholders' deficit (715,223) (430,097)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 2,062,183 $ 97,292