Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2012
Dec. 31, 2011
Current assets    
Cash and cash equivalents $ 189,367 $ 99,713
Accounts receivable 274,464 206,545
Inventory 37,993 30,622
Prepaid expenses and other assets 68,598 33,234
Total current assets 570,422 370,114
Property and Equipment, Net 343,584 1,566,697
License, Net 76,471 82,353
Prepaid expenses and other assets 36,281 43,019
Deferred financing fees 125,534   
Total assets 1,152,292 2,062,183
Current liabilities    
Accounts payable and accrued expenses 529,947 420,360
Accrued legal and consulting fees 220,159 656,507
Advances payable - related party 951,034 951,034
Convertible note payable of discontinued operations 50,000 50,000
Notes payable 150,000 150,000
Current liabilities of discontinued operations 262,032 379,521
Note payable - related party of discontinued operations 169,984 169,984
Total current liabilities 2,333,156 2,777,406
Convertible promissory notes payable 2,570,199   
Accrued interest 134,975   
Total liabilities 5,038,330 2,777,406
Stockholders' deficit    
Preferred stock, $.001 par value: 2,000,000 shares authorized      
Common stock; $.001 par value; 100,000,000 shares authorized; 33,239,878 shares issued and outstanding as of December 31, 2012 32,678,650 shares issued and outstanding at December 31, 2011 33,240 32,679
Additional paid-in capital 9,958,202 9,251,529
Deficit accumulated during development stage (13,877,480) (9,999,431)
Total stockholders' deficit (3,886,038) (715,223)
Total liabilities and stockholders' deficit $ 1,152,292 $ 2,062,183