Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 12 Months Ended 113 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Operating Activities:      
Net loss $ (758,416) $ (3,560,921) $ (15,032,660)
Adjustments to reconcile net loss to net cash used in operating activities      
Amortization & depreciation 777 606 77,126
Compensatory equity issuances 77,424 2,325,999 8,857,847
Asset write offs       37,513
Gain on sale of fixed asset    (4,790) (4,790)
Gain on debt reversal (99,805)    (99,805)
Change in fair value of derivative liabilities (186,202) 448,137 261,935
Note pay. beneficial conversion expense 94,161 112,064 276,225
Original issue discount - interest expense 63,004 21,501 124,505
Other (4,791) 292 (4,499)
Accounts payable 369,133 250,709 2,619,344
Net cash provided by (used for) operating activities (444,715) (406,403) (2,887,259)
Fixed asset purchases 511 (970) (77,334)
Fixed asset sales    1,250 1,250
Net cash provided by (used in) investing activities 511 280 (76,084)
Financing Activities:      
Notes & loans payable - borrowings 525,422 166,886 1,548,569
Notes & loans payable - payments 82,000    120,726
Repurchase of equity       250,000
Stock subscription payable    10,000 10,000
Equity issuances    122,000 1,775,500
Net cash provided by financing activities 443,422 298,886 2,963,343
Net Increase (Decrease) In Cash (782) (107,237)   
Cash At The Beginning Of The Period 782 108,019   
Cash At The End Of The Period    782   
Schedule Of Non-Cash Investing And Financing Activities      
Debt converted to capital 96,470 70,000 1,654,345
Note to stock subscription payable    16,000 16,000
Supplemental Disclosure      
Cash paid for interest 13,396 7,159 27,790
Cash paid for income taxes