Quarterly report pursuant to sections 13 or 15(d)

Consolidated Balance Sheets

v2.3.0.11
Consolidated Balance Sheets (USD $)
Mar. 31, 2012
Dec. 31, 2011
Current Assets    
Cash $ 51,977 $ 9,247
Accounts receivable 1,004 0
Debt portfolios 0 0
Total Current Assets 52,981 9,247
Property Plant and Equipment, net 1,919 0
Intangible Assets 972,222 984,127
Total Assets 1,027,122 993,374
Current Liabilities    
Accounts payable and accrued expenses 580,853 254,396
Current portion - notes payable license fee 240,000 240,000
Notes payable 175,000 175,000
Total Current Liabilities 995,853 669,396
Note payable - license fee, less current portion 750,000 750,000
Total Liabilities 1,745,853 1,419,396
Shareholders' Deficit    
Common stock, 0.001 par value, 46,482,411 and 38,312,812 shares issued and outstanding 2012 and 2011, respectively 4,649 3,832
Additional paid-in capital 149,485 12,227
Accumulated deficit (872,865) (442,081)
Total Shareholders' Deficit (718,731) (426,022)
Total Liabilities and Shareholders' Deficit $ 1,027,122 $ 993,374