Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 6 Months Ended 107 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Cash Flows From Operating Activities:      
Net income (loss) $ (1,041,969) $ (2,078,611) $ (15,316,213)
Adjustments to reconcile net loss to net cash provided by (used for) operating activities:      
Amortization & depreciation 388 152 76,737
Compensatory equity issuances 112,502 1,888,871 8,777,818
Asset write offs    850 37,513
Accrued payables 214,539 17,293 2,464,750
Gain on sale of fixed asset    (4,790) (4,790)
Gain on debt reversal (5,571)    (5,571)
Fair value adjustments - equity obligation 389,297    837,434
Note pay. beneficial conversion expense 133,492 20,136 519,120
Original issue discount - interest expense 12,501    74,002
Other       292
Net cash provided by (used for) operating activities (184,821) (156,099) (2,627,365)
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 217,332 19,386 1,240,479
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 185,332 44,386 2,705,253
Net Increase (Decrease) In Cash    (107,893) 782
Cash At The Beginning Of The Period    108,019   
Cash At The End Of The Period 0 126 0
Schedule Of Non-Cash Investing And Financing Activities      
Compensatory equity issuances 112,502 1,888,871 8,777,818
Debt converted to capital 46,500    1,604,375
Note to stock subscription payable       16,000
Supplemental Disclosure      
Cash paid for interest    4,500 14,394
Cash paid for income taxes