Annual report pursuant to section 13 and 15(d)

BALANCE SHEETS

v2.3.0.11
BALANCE SHEETS (USD $)
Dec. 31, 2011
Dec. 31, 2010
CURRENT ASSETS    
Cash and cash equivalents $ 69,718 $ 34,772
Accounts receivable 1,372 0
Debt portfolios 0 35,398
Notes receivable - related party, note 6 0 85,300
Accrued interest income - related party, note 6 0 9,336
TOTAL CURRENT ASSETS 71,090 164,806
PROPERTY AND EQUIPMENT    
Office equipment 630 630
Furniture and fixtures 165 165
Computer equipment 4,151 4,151
TOTAL PROPERTY AND EQUIPMENT 4,946 4,946
Less accumulated depreciation (2,781) (1,802)
NET PROPERTY AND EQUIPMENT 2,165 3,144
TOTAL ASSETS 73,255 167,950
CURRENT LIABILITIES    
Accounts payable 745 1,900
Accrued Expenses 548 0
TOTAL CURRENT LIABILITIES 1,293 1,900
COMMITMENTS AND CONTINGENCIES, note 4    
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value; 5,000,000 shares authorized, 0 shares issued and outstanding 0 0
Common stock, $0.0001 par value; 75,000,000 shares authorized, 4,534,870 shares issued and outstanding 453 453
Additional paid-in capital 656,528 656,528
Accumulated deficit (585,019) (490,931)
TOTAL STOCKHOLDERS' EQUITY 71,962 166,050
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 73,255 $ 167,950