Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 3 Months Ended 104 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Cash Flows From Operating Activities:      
Net income (loss) $ (438,475) $ (2,078,611) $ (14,712,719)
Adjustments to reconcile net loss to net cash provided by (used for) operating activities:      
Amortization & depreciation 194 152 76,543
Compensatory equity issuances 112,502 1,888,871 8,777,818
Asset write offs    850 37,513
Accrued payables 14,757 17,293 2,264,968
Gain on sale of fixed asset    (4,790) (4,790)
Gain on debt reversal (5,571)    (5,571)
Fair value adjustments - equity obligation 95,613    543,750
Note pay. beneficial conversion expense 77,103 20,136 462,731
Original issue discount - interest expense 8,334    69,835
Other       292
Net cash provided by (used for) operating activities (135,543) (156,099) (2,578,087)
Fixed asset purchases (511) (970) (78,356)
Fixed asset sales    4,790 1,250
Net cash provided by (used for) investing activities (511) 3,820 (77,106)
Cash Flows From Financing Activities:      
Notes & loans payable - borrowings 167,272 19,386 1,190,419
Notes & loans payable - payments (32,000)    (70,726)
Repurchase of equity       (250,000)
Stock subscription payable       (10,000)
Equity issuances    25,000 1,775,500
Net cash provided by (used for) financing activities 135,272 44,386 2,655,193
Net Increase (Decrease) In Cash (782) (107,893)   
Cash At The Beginning Of The Period 782 108,019   
Cash At The End Of The Period    126   
Schedule Of Non-Cash Investing And Financing Activities      
Compensatory equity issuances 112,502 1,888,871 8,777,818
Debt converted to capital 22,500    1,580,375
Note to stock subacription payable       16,000
Supplemental Disclosure      
Cash paid for interest    4,500 14,394
Cash paid for income taxes