Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2012
Dec. 31, 2011
CURRENT ASSETS    
Cash and cash equivalents $ 321,591 $ 99,713
Accounts receivable    206,545
Inventory    30,622
Prepaid expenses and other assets 158,800 33,234
Total current assets 480,391 370,114
Property and Equipment, Net 939,540 1,566,697
License, Net 79,412 82,353
Prepaid expenses 38,149 43,019
TOTAL ASSETS 1,537,492 2,062,183
CURRENT LIABILITIES    
Accounts payable and accrued expenses 329,047 368,908
Accrued legal and consulting fees 520,964 656,507
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 431,290 430,973
Note payable -related party of discontinued operations 169,984 169,984
Total current liabilities 2,602,319 2,777,406
Convertible Promissory Notes Payable 1,378,459  
TOTAL LIABILITIES 3,980,778 2,777,406
STOCKHOLDERS' DEFICIT    
Common stock; $.001 par value; 100,000,000 shares authorized; 33,239,878 shares issued and outstanding as of June 30, 2012 32,678,650 shares issued and outstanding at December 31, 2011 33,240 32,679
Additional paid-in capital 9,464,468 9,251,529
Deficit accumulated during development stage (11,940,994) (9,999,431)
Total stockholders' deficit (2,443,286) (715,223)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 1,537,492 $ 2,062,183