Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2010
Sep. 30, 2011
Unaudited
CURRENT ASSETS    
Cash $ 7,310 $ 7,458
Accounts receivable    286,999
Other current assets    97,313
Total current assets 7,310 391,770
Property and Equipment, Net 1,746 1,308,886
License, Net 88,236 83,823
Other assets    45,455
TOTAL ASSETS 97,292 1,829,934
CURRENT LIABILITIES    
Accounts payable and accrued expenses    1,071,830
Advances for subscription agreements    592,000
Advances payable - related party 377,389 1,329,044
Convertible note payable of discontinued operations    50,000
Notes payable    150,000
Current liabilities of discontinued operations    433,348
Advances payable - related party of discontinued operations    169,984
Total current liabilities 377,389 3,796,206
TOTAL LIABILITIES 377,389 3,796,206
STOCKHOLDERS' DEFICIT    
Series A Preferred Stock, $0.001 par value; 500,000 shares authorized; zero shares issued and outstanding at September 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 September 30, 2011; zero shares issued and outstanding at December 31, 2010    10
Series C Preferred Stock, $0.001 par value; 22,000 shares authorized; 4,510 shares issued and outstanding at September 30, 2011; zero shares issued and outstanding at December 31, 2010    5
Common stock; $.001 par value; 500,000,000 shares authorized; 341,735,841 shares issued and outstanding as of September 30, 2011; 9,890 shares issued and outstanding at December 31, 2010 9,890 341,736
Additional paid-in capital 62,328 3,431,255
Accumulated deficit (352,315) (5,739,278)
Total stockholders' deficit (280,097) (1,966,272)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 97,292 $ 1,829,934