Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheet

v2.4.0.6
Consolidated Balance Sheet (USD $)
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Cash $ 2,836 $ 108,019
Due from Triumph Capital    100
Prepaid expenses 698 192
Total current assets 3,634 108,311
Fixed assets - net 1,647 1,132
Patents & trademarks 450   
Total Assets 5,631 109,443
LIABILITIES & STOCKHOLDERS' EQUITY    
Accounts payable 230,296 207,660
Accrued interest payable 135,293 87,411
Notes payable - current - related parties 381,635 191,260
Notes payable - current 225,136 86,000
Note discount (38,433)   
Notes payable - 8% Debenture    30,000
Related party payables 336,986 288,448
Other payables 157,988 158,006
Total current liabilities 1,428,901 1,048,785
Notes payable - related parties 358,888 549,263
Total Liabilities 1,787,789 1,598,048
Stockholders' Equity    
Common stock, $.00001 par value; 100,000,000 shares authorized; 28,356,985 and 25,471,672 shares issued and outstanding at September 30, 2012 and December 31, 2011 respectively. 284 254
Additional paid in capital 11,455,338 9,266,959
Deficit accumulated during the development stage (13,195,409) (10,720,938)
Total Imagine Media, Ltd. stockholders' equity (1,739,787) (1,453,725)
Noncontrolling interest (42,371) (34,880)
Total Stockholders' Equity (1,782,158) (1,488,605)
Total Liabilities and Stockholders' Equity $ 5,631 $ 109,443