Quarterly report pursuant to Section 13 or 15(d)

BALANCE SHEETS

v2.4.0.6
BALANCE SHEETS (USD $)
Jun. 30, 2012
Dec. 31, 2011
Current Assets:    
Cash $ 105,164 $ 38,993
Prepaid Expenses 24,804 20,483
Total Current Assets 129,968 59,476
Other Assets:    
Advances 5,188  
Deposit 10,610 10,610
Total Other Assets 15,798 10,610
Fixed Assets:    
Furniture Fixtures & Equipment 88,686 40,036
Accumulated Depreciation (10,058) (4,841)
Total Fixed Assets 78,628 35,195
Total Assets 224,394 105,281
Liabilities:    
Accounts Payable 74,664 36,765
Other Payable   1,600
Loan from Shareholders 5,470 5,470
Payroll Tax Payable 7,723  
Notes Payable 97,902  
Accrued Interest 13,050  
Accrued Expenses 425,222 265,200
Total Current Liabilities 624,031 309,035
Non-Current Liabilities:    
Notes Payable- Includes Accrued Interest of $1,125 ($10,950 at December 31, 2011) 18,625 118,450
Total Non-Current Liabilities 18,625 118,450
Total Liabilities 642,656 427,485
Stockholders' Equity (Deficit):    
Common Stock par value .001 authorized 300,000,000 shares, Issued 15,546,700 and 15,021,150 shares, respectively 15,547 15,021
Additional Paid in Capital 2,446,970 2,271,751
Stock Subscription Receivable   (147,000)
Deficit Accumulated During the Development Stage (2,880,779) (2,461,976)
Total Stockholders' Deficit (418,262) (322,204)
Total Liabilities and Stockholders' Deficit $ 224,394 $ 105,281