|
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 |