Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended 98 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Income Statement [Abstract]          
Revenues               
Total               
Operating expenses:          
Amortization & depreciation 152 198 303 971 76,047
General and administrative 138,199 200,613 2,315,046 350,883 11,996,284
Total 138,351 200,816 2,315,349 351,854 12,072,331
Gain (loss) from operations (138,351) (200,816) (2,315,349) (351,854) (12,072,331)
Other income (expense):          
Gain on sale of fixed asset       4,790    4,790
Interest expense (20,704) (53,835) (69,384) (106,838) (1,044,349)
Interest expense - beneficial conversion feature (38,217)    (102,388)    (172,388)
Total (58,921) (53,835) (166,982) (106,838) (1,211,947)
Income (loss) before provision for income taxes (197,272) (3,288) (2,482,331) (458,692) (13,284,278)
Provision for income tax               
Net income (loss) (197,272) (204,104) (2,482,331) (458,692) (13,284,278)
Less: Net (income) loss attributable to noncontrolling interest 2,686    7,860    88,869
Net income (loss) $ (194,586) $ (204,104) $ (2,474,471) $ (458,692) $ (13,195,409)
Net income (loss) per share          
(Basic and fully diluted) $ (0.01) $ (0.02) $ (0.09) $ (0.04)  
Weighted average number of common shares outstanding 28,250,526 12,288,149 27,384,853 12,450,218