Annual report pursuant to section 13 and 15(d)

Statements of Operations

v2.3.0.11
Statements of Operations (USD $)
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Income Statement [Abstract]    
Revenue $ 666,152 $ 1,070,704
Cost of Sales 62,597 31,397
Gross Profit 603,555 1,039,307
Operating Expenses    
Administrative and general 395,917 543,044
Salaries and employee benefits 619,526 282,408
Professional 441,665 965,094
Total Operating Expenses 1,457,108 1,790,546
(Loss) Before Other Income (Expense) (853,553) (751,239)
Other Income (Expense)    
Interest income    
Miscellaneous income 21 30
Interest expense (39,995) (10,217)
Loss on sale of investments   (47,347)
Loss on sale of property and equipment (396)  
Total Other Income (Expense) (40,370) (57,534)
(Loss) From Operations Before Income Taxes (893,923) (808,773)
Provision for Income Taxes    
Net (Loss) (893,923) (808,773)
Other Comprehensive (Loss)    
Unrealized gain/(loss) on securities:   13,399
Total other comprehensive (loss)   13,399
Comprehensive (Loss) $ (893,923) $ (795,374)
Basic and Fully Diluted (Loss) per Share:    
Basic and fully diluted $ (0.03) $ (0.04)
Weighted average common shares outstanding 27,308,284 20,536,920