Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2010
Jun. 30, 2011
Unaudited
CURRENT ASSETS    
Cash $ 7,310 $ 8,665
Other current assets    579
Total current assets 7,310 9,244
Property and Equipment, Net 1,746 1,037,896
License, Net 88,236 85,295
TOTAL ASSETS 97,292 1,132,435
CURRENT LIABILITIES    
Accounts payable and accrued expenses    882,645
Advances payable - related party 377,389 1,338,770
Current liabilities of discontinued operations    451,026
Advances payable - related party of discontinued operations    153,984
Total current liabilities 377,389 2,826,425
Convertible note payable of discontinued operations    50,000
TOTAL LIABILITIES 377,389 2,876,425
STOCKHOLDERS' DEFICIT    
Series A Preferred Stock, $0.001 par value; 500,000 shares authorized; zero shares issued and outstanding at June 30, 2011; zero shares issued and outstanding at December 31, 2010      
Series B Preferred Stock, $0.001 par value; 10,000 shares authorized; 10,000 shares issued and outstanding at June 30, 2011; zero shares issued and outstanding at December 31, 2010    10
Common stock; $.001 par value; 500,000,000 shares authorized; 334,727,476 shares issued and outstanding as of June 30, 2011; 9,890 shares issued and outstanding at December 31, 2010 9,890 334,727
Additional paid-in capital 62,328 2,943,639
Accumulated deficit (352,315) (5,022,366)
Total stockholders' deficit (280,097) (1,743,990)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 97,292 $ 1,132,435