Annual report pursuant to section 13 and 15(d)

BALANCE SHEETS

v2.4.0.6
BALANCE SHEETS (USD $)
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash $ 1,350 $ 17,666
Prepaid expenses 12,610 35,435
Accounts receivable 78,428 17,000
Total current assets 92,388 70,101
Net property and equipment 4,280 9,809
Deposits-other 2,315 2,315
Total Assets 98,983 82,225
Current liabilities:    
Current maturities of convertible notes and debentures payable 660,840 0
Warrant exercise advances 1 16,542
Accounts payable 324,473 698,131
Accrued salaries 10,958 13,189
Accrued interest on debentures 12,246 1,799
Total current liabilities 1,008,518 729,661
Convertible debentures payable 73,665 113,444
Long term debt 73,665 113,444
Total Liabilities 1,082,183 843,105
Common stock subject to put rights and call right, 1,685,714 shares 485,649 485,649
Stockholders' deficiency:    
Common stock $.0002 par, 1,500,000,000 shares authorized; 45,934,839 and 32,928,654 shares issued and outstanding at December 31, 2012 and December 31, 2011, respectively 9,187 6,586
Additional paid-in capital 17,044,786 15,168,005
Deficit accumulated during development stage (18,522,822) (16,421,120)
Total Stockholders' Deficiency (1,468,849) (1,246,529)
Total Liabilities and Stockholders' Deficiency $ 98,983 $ 82,225