Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
 12 Months Ended 36 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Consolidated Statements Of Operations      
REVENUE $ 458,080 $ 7,000 $ 772,105
OPERATING EXPENSES      
Cost of goods sold 443,925    443,925
Operating expenses 255,026    497,101
License Maintenance Fees 150,000 100,000 300,000
Marketing and development 764,046 125,834 889,880
Selling, general and administrative expenses 3,901,337 103,076 4,034,294
Professional fees 805,852 149,655 971,326
Impairment of goodwill 3,555,304    3,555,304
Total costs and expenses 9,875,490 478,565 10,691,830
Operating loss (9,417,410) (471,565) (9,919,725)
Other expense      
Interest expense (54,257)    (54,257)
Total other expense (54,257)    (54,257)
NET LOSS FROM CONTINUING OPERATIONS (9,471,667) (471,565) (9,973,982)
NET LOSS FROM DISCONTINUED OPERATIONS (25,449)    (25,449)
NET LOSS $ (9,497,116) $ (471,565) $ (9,999,431)
Continuing operations $ (0.32) $ (0.02)  
Discontinued operations        
Total $ (0.32) $ (0.02)  
Weighted average common shares outstanding 29,331,788 18,951,030