Annual report pursuant to section 13 and 15(d)

STATEMENTS OF OPERATIONS

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STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
REVENUE    
REVENUE, NET $ 45,544 $ 51,199
OPERATING EXPENSES    
Consulting 65,000 62,990
Collection agency fees 15,215 30,496
Professional fees 48,853 15,971
Impairment loss 3,477 13,164
Telephone 4,181 4,423
Depreciation 980 964
Computer and network 342 614
Bank fees 40 284
Office supplies 359 171
Business licenses and permits 771 75
Printing and reproduction 1,102 0
Miscellaneous 748 33
TOTAL OPERATING EXPENSES 141,068 129,185
LOSS FROM OPERATIONS (95,524) (77,986)
OTHER INCOME (EXPENSE)    
Loss on disposal of property and equipment 0 0
Other Income 13 0
Interest income 2,223 9,386
TOTAL OTHER INCOME (EXPENSE) 2,236 9,386
LOSS BEFORE PROVISION FOR INCOME TAXES (93,288) (68,600)
PROVISION FOR INCOME TAXES 800 800
NET LOSS $ (94,088) $ (69,400)
Net loss per share (basic and diluted) $ (0.02) $ (0.02)
Weighted average shares outstanding (basic and diluted) 4,534,870 4,534,870