10-Q

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period ended March 31, 2012

Commission File No. 033-28188

Registrant name:	Strategic Internet Investments, Incorporated
State of incorporation:	Delaware
IRS Employer Identification:	84-1116458
Address of principal executive offices:	Nisar Square, Benyas Centre Office No. 207
	P.O. Box 40088,
	Dubai, United Arab Emirates
Registrant’s telephone number	009 714 223 1189

Indicate by check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months, and (2) has been subject to such filing requirements for the past 90 days.	Yes	( X )	No	(     )
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (s. 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).	Yes	( X )	No	(     )
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.	Yes	( X )	No	(     )
Large accelerated filer		(     )
Accelerated filer		(     )
Non-accelerated filer (Do not check if a smaller reporting company)		(     )
Smaller reporting company		( X )
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).	Yes	( X )	No	(     )
Common shares outstanding as of May 22, 2012:	27,610,326

PART I – FINANCIAL INFORMATION

Forward Looking Statements.
This report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as

“may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled “Risk Factors” and the risks set out below, any of which may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

These risks include, by way of example and not in limitation:

• results of initial feasibility, pre-feasibility and feasibility studies, and the possibility that future real estate development results will not be consistent with our expectations;
• real estate development risks, including risks related to accidents, equipment breakdowns, labour disputes or other unanticipated difficulties or interruptions in development construction;
• the potential for delays in development activities or the completion of feasibility studies;
• risks related to the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses;
• risks related to commodity price fluctuations;
• the uncertainty of profitability based upon our history of losses;
• risks related to failure to obtain adequate financing on a timely basis and on acceptable terms for our planned development projects;
• risks related to environmental regulation and liability;
• risks that the amounts reserved or allocated for environmental compliance, reclamation, control measures, monitoring and on-going maintenance may not be sufficient to cover such costs;
• risks related to tax assessments;
• political and regulatory risks associated with real estate development; and
• other risks and uncertainties related to our prospects, properties and business strategy.

This list is not an exhaustive list of the factors that may affect any of our forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on our forward-looking statements.

The Company intends that such forward-looking statements be subject to the Safe Harbors for such statements. Forward looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and we undertake no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Our financial statements are stated in United States dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles.

In this report, unless otherwise specified, all dollar amounts are expressed in United States dollars and all references to “common stock” refer to the common shares in our capital stock. As used in this report, the terms “we”, “us”, “our”, the “Company” and “Strategic” mean Strategic Internet Investments, Incorporated, unless otherwise indicated.

1. Financial Statements

STRATEGIC INTERNET INVESTMENTS, INCORPORATED

(A Development Stage Company)

INTERIM FINANCIAL STATEMENTS

March 31, 2012

(Stated in U.S. Dollars)

(Unaudited)

STRATEGIC INTERNET INVESTMENTS, INCORPORATED

(A Development Stage Company)

INTERIM BALANCE SHEETS

(Stated in U.S. Dollars)

(Unaudited)

		March 31,			December 31,
		2012			2011
ASSETS
Current
Cash	$	1,783		$	161
	$	1,783		$	161
LIABILITIES
Current
Accounts payable – Note 5	$	558,905		$	566,958
Loans payable – Note 2		942,984			876,664
TOTAL LIABILITIES		1,501,889			1,443,622
Class A Convertible Preferred stock, $0.001 par value         10,000,000 authorized, 198,000 outstanding – Note 3		792,000			792,000
CAPITAL DEFICIT
Capital Stock – Notes 3, 4 and 5
Class B Preferred stock, $0.001 par value            10,000,000 authorized, none outstanding
Common stock, $0.001 par value             100,000,000 authorized             27,610,326 issued (2011: 27,610,326 issued)		27,610			27,610
Additional paid-in capital		7,765,583			7,765,583
Deficit accumulated during the development stage		(10,085,299	)		(10,028,654	)
		(2,292,106	)		(2,235,461	)
	$	1,783		$	161

Nature of Operations and Ability to Continue as a Going Concern – Note 1
Commitments – Notes 2 and 5

SEE ACCOMPANYING NOTES

STRATEGIC INTERNET INVESTMENTS, INCORPORATED

(A Development Stage Company)

INTERIM STATEMENTS OF OPERATIONS

(Stated in U.S. Dollars)

(Unaudited)

								Cumulative from
								February 28,
								1989 (Date of
								Inception) to
		Three months ended March 31,						March 31,
		2012			2011			2012
General and Administrative Expenses
Accounting and audit fees	$	25,320		$	15,000		$	500,401
Amortization		-			-			3,616
Communications		215			222			107,437
Consulting fees – Note 4 and 5		-			-			3,419,546
Interest – Notes 2 and 5		15,836			14,182			585,574
Investor relations		-			-			91,385
Legal fees		-			-			166,684
Management fees – Note 5		-			-			546,325
Office and general – Note 5		48			89			145,381
Regulatory fees		5,828			914			58,243
Rent – Note 5		-			-			135,615
Transfer agent fees		375			375			47,883
Travel		-			-			112,770
Loss on disposal of equipment		-			-			1,481
Write-down of advances to related party		-			-			606,337
Operating loss		(47,622	)		(30,782	)		(6,528,678	)
Unauthorized distribution		-			-			(69,116	)
Termination fee		-			-			(792,000	)
Loss on foreign exchange		(9,023	)		(5,189	)		(47,110	)
Gain on settlement of payables		-			-			25,233
Write-down of deferred costs		-			-			(34,210	)
Net loss for the period	$	(56,645	)	$	(35,971	)	$	(7,445,881	)
Basic and diluted loss per share	$	(0.00	)	$	(0.00	)
Weighted average common shares outstanding		27,610,326			27,610,326

SEE ACCOMPANYING NOTES

STRATEGIC INTERNET INVESTMENTS, INCORPORATED

(A Development Stage Company)

INTERIM STATEMENTS OF CASH FLOWS

(Stated in U.S. Dollars)

(Unaudited)

								Cumulative from
								February 28, 1989
		Three months ended						(Date of Inception) to
		March 31,						March 31,
		2012			2011			2012
Operating Activities
Net loss for the period	$	(56,645	)	$	(35,971	)	$	(7,445,881	)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization		-			-			3,616
Beneficial conversion feature on convertible debt		-			-			239,662
Communications		-			-			28,000
Consulting fees		-			-			2,478,554
Gain on settlement of payables		-			-			(25,233	)
Interest accrued on loans		15,836			14,182			222,234
Legal fees		-			-			25,000
Loss on disposal of equipment		-			-			1,481
Management fees		-			-			7,000
Stock-based compensation		-			-			736,053
Termination fees		-			-			792,000
Write-down of deferred costs		-			-			34,210
Write-down of advances to related party		-			-			606,337
Changes in non-cash item:
Prepaid expenses		-			213			-
Accounts payable		(8,053	)		(1,958	)		696,850
Net cash used in operating activities		(48,862	)		(23,534	)		(1,600,117	)
Investing Activities
Organization costs		-			-			(750	)
Acquisition of equipment		-			-			(4,347	)
Deferred costs		-			-			(34,210	)
Advances to related party		-			-			(606,337	)
Net cash used in investing activities		-			-			(645,644	)
Financing Activities
Loans payable		50,484			23,446			1,074,215
Due to related parties		-			-			15,526
Proceeds from issuance of common stock		-			-			1,162,631
Payment of offering costs		-			-			(30,270	)
Additional paid-in capital		-			-			25,442
Net cash provided by financing activities		50,484			23,446			2,247,544
Increase (decrease) in cash during the period		1,622			(88	)		1,783
Cash, beginning of the period		161			236			-
Cash, end of the period	$	1,783		$	148		$	1,783
Supplementary disclosure of cash flows:
Cash paid for Interest	$	-		$	-		$	93,859

Non-cash Transactions – Note 4

SEE ACCOMPANYING NOTES

STRATEGIC INTERNET INVESTMENTS, INCORPORATED

(A Development Stage Company)

INTERIM STATEMENTS OF CHANGES IN CAPITAL DEFICIT

For the period from February 28, 1989 (Date of Inception) to March 31, 2012

(Stated in U.S. Dollars)

(Unaudited)

								Deficit
								Accumulated
						Additional		During the
		Common Stock				Paid-In		Development
		Shares		Par Value		Capital		Stage			Total
Balance, February 28, 1989		-	$	-	$	-	$	-		$	-
Issuance of stock to insiders on    March 7, 1989	– at $0.30	33,347		33		9,967		-			10,000
Balance December 31, 1989		33,347		33		9,967		-			10,000
Issuance of stock during public   offering for $3.00 per share, net of   offering costs of $27,270		33,348		33		72,697		-			72,730
Net loss		-		-		-		(84,159	)		(84,159	)
Balance, December 31, 1990		66,695		66		82,664		(84,159	)		(1,429	)
Net loss		-		-		-		(3,416	)		(3,416	)
Balance, December 31, 1991		66,695		66		82,664		(85,575	)		(4,845	)
Net loss		-		-		-		(2,713	)		(2,713	)
Balance, December 31, 1992		66,695		66		82,664		(90,288	)		(7,558	)
Net loss		-		-		-		(1,614	)		(1,614	)
Balance, December 31, 1993		66,695		66		82,664		(91,902	)		(9,172	)
Net loss		-		-		-		(1,863	)		(1,863	)
Balance December 31, 1994		66,695		66		82,664		(93,765	)		(11,035	)
Issuance of stock for services rendered	– at $0.03	50,000		50		1,450		-			1,500
Contributed capital		-		-		24,842		-			24,842
Net loss		-		-		-		(16,735	)		(16,735	)
Balance, December 31, 1995		116,695		116		108,956		(110,500	)		(1,428	)
Net loss		-		-		-		(9,068	)		(9,068	)
Balance December 31, 1996		116,695		116		108,956		(119,568	)		(10,496	)
Issuance of stock for cash	– at $0.011	2,000,000		2,000		19,300		-			21,300
Contributed capital		-		-		600		-			600
Net loss		-		-		-		(22,261	)		(22,261	)
Balance, December 31, 1997		2,116,695		2,116		128,856		(141,829	)		(10,857	)
Issuance of stock services
	– at $0.001	7,000,000		7,000		-		-			7,000
	– at $0.01	620,000		620		5,580		-			6,200
Net loss		-		-		-		(52,308	)		(52,308	)
Balance, December 31, 1998		9,736,695		9,736		134,436		(194,137	)		(49,965	)
Net loss		-		-		-		(35,995	)		(35,995	)

…Cont’d

SEE ACCOMPANYING NOTES

STRATEGIC INTERNET INVESTMENTS, INCORPORATED

(A Development Stage Company)

INTERIM STATEMENTS OF CHANGES IN CAPITAL DEFICIT

For the period from February 28, 1989 (Date of Inception) to March 31, 2012

(Stated in U.S. Dollars)

(Unaudited)

									Deficit
									Accumulated
						Additional			During the
		Common Stock				Paid-In			Development
		Shares		Par Value		Capital			Stage			Total
Balance, December 31, 1999		9,736,695	$	9,736	$	134,436		$	(230,132	)	$	(85,960	)
Issuance of stock for cash pursuant to a    private placement	– at $0.30	1,133,334		1,133		338,867			-			340,000
Issue of stock for finders’ fee		50,000		50		(50	)		-			-
Net loss		-		-		-			(336,431	)		(336,431	)
Non-cash compensation charge		-		-		78,707			-			78,707
Balance December 31, 2000		10,920,029		10,919		551,960			(566,563	)		(3,684	)
Issuance of stock for services	– at $0.50	328,356		328		163,851			-			164,179
	– at $1.55	13,383		13		20,731			-			20,744
	– at $3.50	366,667		367		1,282,964			-			1,283,331
Issuance of stock for cash pursuant    to a private placement	– at $0.30	883,332		883		264,117			-			265,000
Issuance of stock pursuant to the   exercise of warrants	– at $2.00	28,800		29		57,571			-			57,600
Less: Issue costs		-		-		(17,858	)		-			(17,858	)
Net loss		-		-		-			(2,296,406	)		(2,296,406	)
Non-cash compensation charge		-		-		136,378			-			136,378
Balance, December 31, 2001		12,540,567		12,539		2,459,714			(2,862,969	)		(390,716	)
Issuance of stock for prepaid consulting	– at $0.35	80,000		80		27,920			- -			28,000
Issuance of stock for deferred costs	– at $0.05	1,300,000		1,300		63,700			-			65,000
Issuance of stock for services	– at $0.05	100,000		100		4,900			-			5,000
	– at $0.055	60,000		60		3,240			-			3,300
	– at $0.10	105,000		105		10,395			-			10,500
	– at $0.148	27,000		27		3,973			-			4,000
	– at $0.20	175,000		175		34,825			-			35,000
	– at $0.209	17,143		17		3,583			-			3,600
	– at $0.35	120,000		120		41,880			-			42,000
Issuance of stock for debt	– at $0.20	458,135		458		91,169			-			91,627
	– at $0.209	222,751		223		46,156			-			46,379
Net loss		-		-		-			(214,758	)		(214,758	)
Balance, December 31, 2002		15,205,596		15,204		2,791,455			(3,077,727	)		(271,068	)
Non-cash compensation charge		-		-		53,500			-			53,500
Issue of stock for services	– at $ .14	1,450,000		1,450		201,550			-			203,000
Issue of stock for cash pursuant to a private    placement	– at $0.10	650,000		650		64,350			-			65,000
Net loss		-		-		-			(1,208,941	)		(1,208,941	)

…Cont’d

SEE ACCOMPANYING NOTES

STRATEGIC INTERNET INVESTMENTS, INCORPORATED

(A Development Stage Company)

INTERIM STATEMENTS OF CHANGES IN CAPITAL DEFICIT

For the period from February 28, 1989 (Date of Inception) to March 31, 2012

(Stated in U.S. Dollars)

(Unaudited)

											Deficit
											Accumulated
								Additional			During the
		Common Stock						Paid-In			Development
		Shares			Par Value			Capital			Stage			Total
Balance, December 31, 2003		17,305,596		$	17,304		$	3,110,855		$	(4,286,668	)	$	(1,158,509	)
Non-cash compensation charge		-			-			161,450			-			161,450
Issue of stock for cash pursuant to the    exercise of warrants	– at $0.10	320,000			320			31,680			-			32,000
	– at $0.05	643,715			644			31,542			-			32,186
Issue of stock for cash pursuant to the    exercise of options	– at $0.25	205,000			205			51,045			-			51,250
Issue of stock for debt	– at $0.05	563,000			563			29,437			-			30,000
	– at $0.06	825,364			825			47,712			-			48,537
	– at $0.30	50,000			50			14,950			-			15,000
Issuance of stock for services	– at $2.00	10,000			10			19,990			-			20,000
	– at $0.35	350,000			350			122,150			-			122,500
Cancellation of stock issued for deferred    Investment costs	– at $0.05	(1,300,000	)		(1,300	)		(63,700	)		-			(65,000	)
Net loss		-			-			-			(517,324	)		(517,324	)
Balance, December 31, 2004		18,972,675			18,971			3,557,111			(4,803,992	)		(1,227,910	)
Non-cash compensation charge		-			-			25,700			-			25,700
Issue of stock for cash pursuant to the    exercise of warrants	– at $0.07	75,820			76			5,232			-			5,308
	– at $0.10	357,760			358			35,417			-			35,775
	– at $0.11	299,724			300			31,270			-			31,570
	– at $0.21	16,803			17			3,483			-			3,500
Issue of stock for debt	– at $0.39	635,901			636			249,524			-			250,160
Issuance of stock for services	– at $0.25	950,000			950			236,550			-			237,500
	– at $0.36	100,000			100			35,900			-			36,000
	– at $0.50	121,000			121			60,379			-			60,500
	– at $0.54	20,000			20			10,680			-			10,700
	– at $0.84	50,000			50			41,950			-			42,000
Issuance of stock dividend	– at $0.65	4,060,643			4,061			2,635,357			(2,639,418	)		-
Net loss		-			-			-			(517,270	)		(517,270	)
Balance, December 31, 2005		25,660,326			25,660			6,928,553			(7,960,680	)		(1,006,467	)
Issue of stock for cash pursuant to   a private placement	– at $0.40	200,000			200			79,800			-			80,000
Issue of stock for finder’s fee	– at $0.40	100,000			100			39,900			-			40,000
Share issue costs		-			-			(43,000	)		-			(43,000	)
Beneficial conversion feature on   convertible debt		-			-			77,800			-			77,800
Net loss		-			-			-			(401,655	)		(401,655	)

…Cont’d

SEE ACCOMPANYING NOTES

STRATEGIC INTERNET INVESTMENTS, INCORPORATED

(A Development Stage Company)

INTERIM STATEMENTS OF CHANGES IN CAPITAL DEFICIT

For the period from February 28, 1989 (Date of Inception) to March 31, 2012

(Stated in U.S. Dollars)

(Unaudited)

								Deficit
								Accumulated
						Additional		During the
		Common Stock				Paid-In		Development
		Shares		Par Value		Capital		Stage			Total
Balance, December 31, 2006		25,960,326	$	25,960	$	7,083,053	$	(8,362,335	)	$	(1,253,322	)
Issue of stock for cash pursuant to a private placement	– at $0.25	200,000		200		49,800		-			50,000
Issuance of stock for services	– at $0.20	700,000		700		139,300		-			140,000
Non-cash compensation charge		-		-		29,240		-			29,240
Beneficial conversion feature on convertible debt		-		-		39,600		-			39,600
Net loss		-		-		-		(519,345	)		(519,345	)
Balance, December 31, 2007		26,860,326		26,860		7,340,993		(8,881,680	)		(1,513,827	)
Issuance of stock for services	– at $0.07	750,000		750		51,250		-			52,000
Non-cash compensation charge		-		-		251,078		-			251,078
Beneficial conversion feature on convertible debt		-		-		122,262		-			122,262
Net loss		-		-		-		(723,811	)		(723,811	)
Balance, December 31, 2008		27,610,326		27,610		7,765,583		(9,605,491	)		(1,812,298	)
Net loss		-		-		-		(154,805	)		(154,805	)
Balance, December 31, 2009		27,610,326		27,610		7,765,583		(9,760,296	)		(1,967,103	)
Net loss		-		-		-		(134,729	)		(134,729	)
Balance, December 31, 2010		27,610,326		27,610		7,765,583		(9,895,025	)		(2,101,832	)
Net loss		-		-		-		(133,629	)		(133,629	)
Balance, December 31, 2011		27,610,326	$	27,610	$	7,765,583	$	(10,028,654	)	$	(2,235,461	)
Net loss		-		-		-		(56,645	)		(56,645	)
Balance, March 31, 2012		27,610,326	$	27,610	$	7,765,583	$	(10,085,299	)	$	(2,292,106	)

SEE ACCOMPANYING NOTES

STRATEGIC INTERNET INVESTMENTS, INCORPORATED

(A Development Stage Company)

NOTES TO THE INTERIM FINANCIAL STATEMENTS

March 31, 2012

(Stated in U.S. Dollars)

(Unaudited)

1.	Nature of Operations and Ability to Continue as a Going Concern
	The Company is in the development stage and is devoting its efforts to exploring new investment opportunities, including real estate development projects.
	These financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next fiscal year. Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. At March 31, 2012, the Company had not yet achieved profitable operations, has an accumulated deficit of $10,085,299 since its inception, has a working capital deficiency of $1,500,106 and expects to incur further losses in the development of its business, all of which casts substantial doubt about the Company’s ability to continue as a going concern. Management anticipates that it requires approximately $81,000 over the twelve months ended March 31, 2013 to continue operations as well as the Company estimates it will accrue interest expenses of $66,000 over the next 12 months on loans due to related parties. In addition to funding the Company’s general, administrative and corporate expenses the Company is obligated to address its current obligations totalling $1,501,889. To the extent that cash needs are not achieved from operating cash flow and existing cash on hand, the Company will be required to raise necessary cash through shareholder loans, equity issuances and/or other debt financing. Amounts raised will be used to continue the development of the Company's investment activities, and for other working capital purposes.
	The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has no formal plan in place to address this concern but considers that the Company will be able to obtain additional funds by equity financing and/or related party advances; however there is no assurance of additional funding being available. The Company has historically satisfied its capital needs primarily by issuing equity securities. Management plans to continue to provide for its capital needs during the twelve months ended March 31, 2013, by issuing equity securities and/or related party advances.
	The accompanying unaudited interim financial statements have been prepared by the Company pursuant to the rules and regulations of the United States Securities and Exchange Commission. Certain information and disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, all adjustments and disclosures necessary for a fair presentation of these financial statements have been included. Such adjustments consist of normal recurring adjustments. These interim financial statements should be read in conjunction with the annual audited financial statements of the Company for the fiscal year ended December 31, 2011, included in the Company’s 10-K Annual Report as filed with the United States Securities and Exchange Commission.
	The results of operations for the periods ended March 31, 2012 are not indicative of the results that may be expected for the full year.

1

STRATEGIC INTERNET INVESTMENTS, INCORPORATED

(A Development Stage Company)

NOTES TO THE INTERIM FINANCIAL STATEMENTS

March 31, 2012

(Stated in U.S. Dollars)

(Unaudited)

2. Loans Payable

			March 31,		December 31,
			2012		2011
a)	Loan payable to a company controlled by a director of the Company including accrued interest of $8,750 (December 31, 2011 - $8,298). The loan is unsecured, bearing interest at 12% per annum and is repayable on demand.	$	15,551	$	15,100
b)	Loans payable to companies controlled by directors of the Company. The loans are unsecured, non-interest bearing, and repayable upon demand.		294,972		244,487
c)	Loan payable to a company controlled by a director of the Company, including accrued interest payable of $86,514 (December 31, 2011 - $80,426), pursuant to a Convertible Loan Agreement. The loan is unsecured, bearing interest at 10% per annum and is repayable on demand. The lender may at anytime convert the principal sum into units of the Company. Each unit will consist of one common share plus one common share purchase warrant. Each warrant is exercisable for a period of 2 years from the date of conversion at a price ranging from $0.05 to $0.23. The principal sum of $163,766 may be converted into 2,320,858 units. Conversion of these loans and resulting associated warrants to equity will be based on the conversion price set at the time the principal amount was drawn ranging from $0.05 to $0.23. Upon conversion of this loan, the $73,685 fair value of the warrants will be recognized as an interest expense and credited to additional paid-in capital.		250,280		244,192
d)	Loan payable to a company controlled by a director of the Company, including accrued interest of $126,972 (December 31, 2011 - $117,676), pursuant to a Convertible Loan Agreement. The loan is unsecured, bearing interest at 10% per annum and is repayable on demand. The lender may at anytime convert the principal sum into units of the Company. Each unit will consist of one common share plus one common share purchase warrant. Each warrant is exercisable for a period of 2 years from the date of conversion at a price ranging from $0.05 to $0.12. The principal sum of $255,209 may be converted into 4,526,436 units. Conversion of this loan and resulting associated warrants to equity will be based on the conversion price set at the time the principal amount was drawn ranging from $0.05 to $0.12. Upon conversion of this loan, the $113,338 fair value of the warrants will be recognized as an interest expense and credited to additional paid-in capital.		382,181		372,885
		$	942,984	$	876,664

2

STRATEGIC INTERNET INVESTMENTS, INCORPORATED

(A Development Stage Company)

NOTES TO THE INTERIM FINANCIAL STATEMENTS

March 31, 2012

(Stated in U.S. Dollars)

(Unaudited)

3.	Capital Stock
	Class A Convertible Preferred Shares
	The Class A convertible preferred shares issued in 2003 have a par value of $0.001 and are convertible to common shares at $4.00 per share during the first 180 days following issuance, and thereafter at the average of twenty consecutive days closing prices, but shall not be less than $1.50 per share or greater than $6.00 per share. The Company has the right to redeem its Class A convertible preferred stock at any time by paying to the holders thereof the sum of $4 per share.
	The aggregate liquidation value of the Class A convertible preferred shares is $792,000. A merger or consolidation of the Company that results in the Company’s stockholders immediately prior to the transaction not holding at least 50% of the voting power of the surviving entity shall be deemed a liquidation event.
	Stock Option Plan
	The Company’s board of directors approved a stock option plan. Under the plan directors, employees and consultants may be granted options to purchase common stock of the Company at a price of not less than 100% of the fair market value of the stock. The total number of options granted must not exceed 15% of the outstanding common stock of the Company. The plan expires on July 1, 2017.
	Stock-based Compensation
	In previous periods, the Company granted share purchase options to directors, employees, and consultants of the
	Company at the closing price of the Company’s common stock on the date of the grants. The options have been granted with a term of 5 years.
	The fair value of each option grant was estimated on the date of the grant using the Black-Scholes option valuation model. The Black-Scholes option valuation model requires the input of highly subjective assumptions including the expected price volatility. Changes in the subjective input assumptions can materially affect the fair value estimate and therefore the Black-Scholes model does not necessarily provide a reliable single measure of the fair value of the
	Company’s share purchase options.
	During the three month periods ended March 31, 2012 and 2011 the Company did not grant any stock options to directors, employees, or consultants.
	During the period ended March 31, 2012, the change in share purchase options outstanding are as follows:

				Weighted	Weighted
				Average	Average		Aggregate
				Exercise	Remaining		Intrinsic
	Shares			Price	Contractual Life		Value
Options outstanding at December 31, 2010	3,175,000		$	0.15	2.42 years	$	-
Cancelled during the period	(50,000	)	$	0.15	2.42 years		-
Options outstanding at December 31, 2011	3,125,000		$	0.15	1.42 years	$	-
Cancelled during the period	-						-
Options outstanding at March 31, 2012	3,125,000		$	0.15	1.17 years	$	-

3

STRATEGIC INTERNET INVESTMENTS, INCORPORATED

(A Development Stage Company)

NOTES TO THE INTERIM FINANCIAL STATEMENTS

March 31, 2012

(Stated in U.S. Dollars)

(Unaudited)

3.	Capital Stock – (cont’d) Stock-based Compensation – (cont’d)
	As at March 31, 2012, the Company had share purchase options outstanding as follows:

Number of Options	Exercise Price	Expiry Date
3,125,000	$0.15	June 1, 2013

As at March 31, 2012 and December 31, 2011 all of the outstanding share purchase options were exercisable.

4.	Non-Cash Transactions
	Investing and financing activities that do not have a direct impact on cash flows are excluded from the statements of cash flows. The Company issued common shares for settlement of debts, convertible loans, and for services provided to the Company during the following years:

		Number of				Weighted
		Preferred	Number of			Average Price
Year		Shares	Common Shares			Per Share		Total
1995	Consulting fee	-	50,000		$	0.03	$	1,500
1998	Management fee	-	7,000,000		$	0.001		7,000
1998	Consulting fee	-	620,000		$	0.01		6,200
2000	Finders fee	-	50,000		$	0.001		50
2001	Consulting fee	-	708,406		$	2.07		1,468,254
2002	Deferred cost	-	1,300,000		$	0.05		65,000
2002	Consulting fee	-	684,143		$	0.19		131,400
2002	Debt settlement	-	680,886		$	0.20		138,006
2003	Consulting fee	-	1,450,000		$	0.14		203,000
2003	Termination fee	198,000	-		$	4.00		792,000
2004	Loan conversion	-	825,364		$	0.06		48,537
2004	Loan settlement	-	613,000		$	0.07		45,000
2004	Consulting fee	-	360,000		$	0.40		142,500
2004	Deferred cost (cancellation)	-	(1,300,000	)	$	0.05		(65,000	)
2005	Communications	-	56,000		$	0.50		28,000
2005	Consulting fees	-	1,135,000		$	0.29		333,700
2005	Legal fees	-	50,000		$	0.50		25,000
2005	Loan conversion	-	635,901		$	0.39		250,160
2005	Stock dividend	-	4,120,643		$	0.65		2,678,418
2006	Finders’ fee	-	100,000		$	0.40		40,000
2007	Consulting fees	-	700,000		$	0.20		140,000
2008	Consulting fees	-	750,000		$	0.07		52,000
		198,000	20,589,343				$	6,530,725

These amounts have been excluded from the investing and financing activities of the statements of cash flows.

4

STRATEGIC INTERNET INVESTMENTS, INCORPORATED

(A Development Stage Company)

NOTES TO THE INTERIM FINANCIAL STATEMENTS

March 31, 2012

(Stated in U.S. Dollars)

(Unaudited)

5.	Related Party Transactions
	The Company was charged the following by stockholders, directors, by companies controlled by directors and/or stockholders of the Company, and by companies with directors in common:

						Cumulative from
						February 28,
						1989 (Date of
						Inception) to
		Three months ended March 31,				March 31,
		2012		2011		2012
Consulting fees	$	-	$	-	$	249,043
Interest		15,836		14,182		437,810
Management fees		-		-		546,325
Office and general		-		-		26,944
Rent		-		-		130,232
	$	15,836	$	14,182	$	1,390,354

At March 31, 2012, accounts payable includes $459,150 (December 31, 2011 - $456,972) due to directors of the Company and companies controlled by directors of the Company in respect of unpaid management fees, consulting fee and expenses incurred on behalf of the Company.

At March 31, 2012, accounts payable also includes $15,527 (December 31, 2011 - $15,527) of expenses for operating costs paid on behalf of the Company by companies with directors in common.

The Company entered into two Management Services Agreements dated January 1, 2007 with a director and a company controlled by a director of the Company. Under the terms of these agreements they were each paid $7,500 per month, plus taxes where applicable, for management services. These agreements were for a 24-month period and expired on December 31, 2008. Effective September 12, 2008, one of the agreements was terminated and the other was not renewed subsequent to December 31, 2008. Pursuant to these agreements, accounts payable includes $321,057 of unpaid management fees. If the Company is unable to pay for the services, the consultant may elect to settle any portion of outstanding amounts plus interest with units of the Company. Each unit shall consist of one common share and one share purchase warrant entitling the holder to purchase one additional common share of the Company. The price for the units and warrants will be determined based on a discount to the 10 day average market price ranging from 50% to 60%, but no less than $0.05 per share.

6.	Subsequent Event
	Subsequent to March 31, 2012 the Company received an additional loan of $4,000 from a company controlled by a director of the Company. This loan is unsecured, non-interest bearing, and repayable upon demand.

5

2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations
	The following discussion should be read in conjunction with our unaudited interim financial statements and the related notes that appear elsewhere in this quarterly report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward looking statements. Factors that could cause or contribute to such differences include those discussed below and elsewhere in this annual report.
	Our unaudited interim financial statements are stated in United States dollars and are prepared in accordance with United
	States generally accepted accounting principles (“GAAP”).
	The Company is in the development stage, accordingly certain matters discussed herein are based on potential future circumstances and developments, which the Company anticipates, but which cannot be assured.
	Plan of Operation
	The Company has been devoting its business efforts to real estate development projects located in Bahrain and Turkey. The Company will continue to explore new investment opportunities, including real estate development projects, during its 2012 fiscal year.
	Our estimated cash expenses over the next twelve months are as follows:

Accounting, audit, and legal fees	$	65,000
General and administrative expenses		3,000
Regulatory and transfer agent fees		13,000
	$	$81,000

The Company also estimates it will accrue interest expenses of $66,000 over the next 12 months on loans due to related parties. It is not anticipated the interest will be paid in cash during 2012, and therefore interest has been excluded from the above list of cash expenses.

To date we have funded our operations primarily with loans from shareholders and issue new equity. In addition to funding the Company’s general, administrative and corporate expenses the Company is obligated to address its current obligations totalling $1,501,889. To the extent that cash needs are not achieved from operating cash flow and existing cash on hand, the Company will be required to raise necessary cash through shareholder loans, equity issuances and/or other debt financing. Amounts raised will be used to continue the development of the Company's investment activities, and for other working capital purposes, which may be dilutive to existing shareholders. The Company currently has no agreement in place to raise funds for current liabilities and no guarantee can be given that we will be able to raise funds for this purpose on terms acceptable to the company. Failure to raise funds for general, administrative and corporate expenses and current liabilities could result in a severe curtailment of the Company’s operations.

Any advance in the real estate development strategy set-out herein will require additional funds. These funds may be raised through equity financing, debt financing or other sources which may result in further dilution of the shareholders percentage ownership in the company. See “Future Financing” below.

Results of Operations

During the quarter ended March 31, 2012, the Company incurred general and administrative expenses totaling $47,622 compared to $30,782 during the same period of the previous year.

The volume of transactions and business activities has changed little compared to the prior year. The changes in our general and administrative expenses for the three month period ended March 31, 2012 when compared to the three month period ended March 31, 2011 was primarily due to:

a) The 2012 accounting and audit fees is $25,320 compared to $15,000 in the 2011 period. The $10,320 increase in accounting and audit fees from 2012 to 2011 due to a general increase in the fees charged by the consultants and professionals who provide these services. In addition, there has been an increase in the amount of time spent by these consultants and professionals to ensure the Company is in compliance with the increased reporting requirement imposed by regulatory authorities. In 2012 more of these fees were incurred in Q1 compared to 2011 when these fees were mostly incurred in Q2.

b)

Interest on loans increased by $1,654, this is attributed to the compounding effect of the quarterly interest calculation as the Company has not been making any payments on these debts.

c)

Regulatory fees increased $4,914 due to an increase in the fees charged by EDGAR/SEDAR regulatory filing service providers for making submissions to the regulatory authorities. In 2011 this included new charges for submission of financial data in a new XBRL format as required by SEC regulations. In 2012 more of these fees were incurred in the Q1 period compared to 2011 when these fees were mostly incurred in Q2.

During the three month period ended March 31, 2012, the Company incurred general and administrative expenses totaling $47,622 compared to $30,782 during the same period of the previous year.

Funding for operating and investing activities was provided by both non-interest and interest bearing advances and loans from related parties, including directors of the Company, and companies controlled by these directors.

As of March 31, 2012, the Company had total current assets of $1,783 and total liabilities of $1,501,889. The Company had cash of $1,783 and a working capital deficiency of $1,500,106 as of March 31, 2012 compared to cash on hand of $161 and a working capital deficiency of $1,443,461, for the year ended December 31, 2011. We anticipate that we will incur approximately $81,000 for cash operating expenses, including professional, legal and accounting expenses associated with our reporting requirements under the Exchange Act during the next twelve months. In addition to funding the Company’s general, administrative and corporate expenses the Company is obligated to address its current obligations totaling $1,501,889. To the extent that cash needs are not achieved from operating cash flow and existing cash on hand, the Company will be required to raise necessary cash through shareholder loans, equity issuances and/or other debt financing. Amounts raised will be used to continue the development of the Company's investment activities, and for other working capital purposes. Accordingly, we will need to obtain additional financing in order to continue our planned business activities.

Cash used in operating activities for the three month period ended March 31, 2012 was $48,862 as compared to cash used by operating activities for the same period in 2011 of $23,534. The increase in cash used in operating activities was primarily due to increases in: accounting and audit fees, and regulatory fees; partially offset by a foreign exchange gain and a decrease in accounts payable.

The Company has the following loans outstanding as of March 31, 2012:

A $15,551 loan payable to a company controlled by a director of the Company including accrued interest of $8,750 (December 31, 2011 - $8,298). The loan is unsecured, bearing interest at 12% per annum and is repayable on demand.

$294,972 in loans payable to companies controlled by directors of the Company. These loans are unsecured, non-interest bearing, and repayable upon demand.

A $250,280 loan payable to a company controlled by a director of the Company, including accrued interest payable of $86,514 (December 31, 2011 - $80,426), pursuant to a Convertible Loan Agreement. The loan is unsecured, bearing interest at 10% per annum and is repayable on demand. The lender may at anytime convert the principal sum into units of the Company. Each unit will consist of one common share plus one common share purchase warrant. The principal sum of $163,766 may be converted into 2,320,858 units. Conversion of these loans and resulting associated warrants to equity will be based on the conversion price set at the time the principal amount was drawn ranging from $0.05 to $0.23. Upon conversion of this loan, warrants with a fair value of $73,685 will be recognized as an interest expense and credited to additional paid-in capital.

A $382,181 loan payable to a company controlled by a director of the Company, including accrued interest of $126,972 (December 31, 2011 - $117,676), pursuant to a Convertible Loan Agreement. The loan is unsecured, bearing interest at 10% per annum and is repayable on demand. The lender may at anytime convert the principal sum into units of the Company. Each unit will consist of one common share plus one common share purchase warrant. The principal sum of $255,209 may be converted into 4,526,436 units. Conversion of this loan and resulting associated warrants to equity will be based on the conversion price set at the time the principal amount was drawn ranging from $0.05 to $0.12. Upon conversion of this loan, warrants with a fair value of $113,338 will be recognized as an interest expense and credited to additional paid-in capital.

Going Concern

The unaudited financial statements accompanying this report have been prepared on a going concern basis, which implies that our company will continue to realize its assets and discharge its liabilities and commitments in the normal course of business. Our company has not generated revenues since inception and has never paid any cash dividends and is unlikely to pay cash dividends or generate earnings in the immediate or foreseeable future. The continuation of our company as a going concern is dependent upon the continued financial support from related party advances, the ability of our company to obtain necessary equity financing to achieve our operating objectives, and the attainment of profitable operations. As of March 31, 2012, we had cash of $1,783 and we estimate that we will require approximately $81,000 to fund our business operations over the next twelve months. In addition to funding the Company’s general, administrative and corporate expenses the Company is obligated to address its current obligations totalling $1,501,889. To the extent that cash needs are not achieved from operating cash flow and existing cash on hand, the Company will be required to raise necessary cash through shareholder loans, equity issuances and/or other debt financing. Amounts raised will be used to continue the development of the Company's investment activities, and for other working capital purposes.

Accordingly, we do not have sufficient funds for planned operations and we will be required to raise additional funds for operations after that date.

These circumstances raise substantial doubt about our ability to continue as a going concern, as described in the Note 1 of our March 31, 2012 unaudited financial statements. The financial statements do not include any adjustments that might result from the outcome of that uncertainty. The continuation of our business is dependent upon us raising additional financial support. The issuance of additional equity securities by us could result in a significant dilution in the equity interests of our current stockholders. Obtaining commercial loans, assuming those loans would be available, will increase our liabilities and future cash commitments.

There are no assurances that we will be able to obtain further funds required for our continued operations. We are pursuing various financing alternatives to meet our immediate and long-term financial requirements. There can be no assurance that additional financing will be available to us when needed or, if available, that it can be obtained on commercially reasonable terms. If we are not able to obtain the additional financing on a timely basis, we will be forced to scale down or perhaps even cease the operation of our business.

Future Financings

As of March 31, 2012, we had cash of $1,783 and we estimate that we will require approximately $81,000 to fund our business operations over the next twelve months. In addition to funding the Company’s general, administrative and corporate expenses the Company is obligated to address its current obligations totaling $1,501,889. Accordingly, we do not have sufficient funds for planned operations and we will be required to raise additional funds for operations after that date. We anticipate continuing to rely on equity sales of our common shares or shareholder loans in order to continue to fund our business operations. Issuances of additional shares will result in dilution to our existing stockholders. There is no assurance that we will achieve any additional sales of our equity securities or arrange for debt or other financing to fund our planned activities.

Off-balance sheet arrangements

As of the date of this Report, the Company does not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the company's financial condition, change in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors. The term "off-balance sheet arrangement" generally means any transaction, agreement, or other contractual arrangement to which an entity unconsolidated with the Company is a party under which the Company has (i) any obligation arising under a guarantee contract, derivative instrument or variable interest; or (ii) a retained or contingent interest in assets transferred to such entity or similar arrangement that serves as credit, liquidity or market risk support for such assets.

3.	Quantitative and Qualitative Disclosures About Market Risk
	The Company has no market risk sensitive instruments.
4.	Controls and Procedures
	As required by Rule 13(a)-15 under the Exchange Act, in connection with this quarterly report on Form 10-Q, under the direction of our Chief Executive Officer and Chief Financial Officer, we have evaluated our disclosure controls and procedures as of March 31, 2012, our disclosure controls and procedures were ineffective. As of the date of this filing, we are still in the process of remediating such material weaknesses in our internal controls and procedures. Additionally, we are currently inactive as we seek new business opportunities.
	It should be noted that while our management believes our disclosure controls and procedures provide a reasonable level of assurance, they do not expect that our disclosure controls and procedures or internal controls will prevent all error and all fraud. A control system, no matter how well conceived or operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within our company have been detected. These inherent limitations include the realities that judgments in decision making can be faulty, and that breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the controls. The design of any system of internal control is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Over time, controls may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate. Because of the inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected.
	There were no changes in our internal control over financial reporting during the period ended March 31, 2012 that have materially affected or are reasonably likely to materially affect, our internal control over financial reporting.

Part II – Other Information

1. Legal Proceedings

None

1. A Risk Factors

Not applicable

2.	Unregistered Sales of Equity Securities
	Sales of Securities Without Registration Under the Securities Act of 1933
	On August 10, 2003 the Company entered into a Convertible Loan Facility Agreement with Star Leisure & Entertainment Inc. (“Star Leisure”), a company controlled by a Director and Officer of Strategic, whereby the Company would, from time to time, borrow operating funds from Star Leisure, at an interest rate of 10%, repayable on demand. The lender has the right to convert all or part of the principal sum into units at a conversion rate which is calculated at a discount to the average closing market price for ten days preceding a loan advance. Each unit consists of one common share of the Company and one non-transferable share purchase warrant, expiring 2 years from the conversion date, exercisable at the applicable conversion rate. On August 31, 2008 the Company entered into agreements to transfer previous advances and accrued interest to convertible loans under the Convertible Loan Facility Agreement. At March 31, 2012, the Star Leisure loan principal was $255,209. The loan principal is convertible into 4,526,436 units at conversion price ranging from $0.05 to $0.12 as set at the time the principal was borrowed. Star Leisure has not converted any part of the principal sums advanced into units as of March 31, 2012. This transaction is with an offshore non-U.S. person; accordingly, these securities are exempt from registration pursuant to Regulation S.
	On May 5, 2006 the Company entered into a Convertible Loan Facility Agreement with CMB Investments Ltd. (“CMB”), a company controlled by a Director of Strategic, whereby the Company would, from time to time, borrow operating funds from CMB, at an interest rate of 10%, repayable on demand. The lender has the right to convert all or part of the principal sum into units at a conversion rate which is calculated at a discount to the average closing market price for ten days preceding a loan advance. Each unit consists of one common share of the Company and one share purchase warrant, expiring 2 years from the conversion date, exercisable at the applicable conversion rate. At March 31, 2012, the CMB loan principal was $163,766. The loan principal is convertible into 2,320,858 units. Conversion of this loan and associated warrants to equity will be at a price ranging from $0.05 to $0.23. CMB has not converted any part of the principal sums advanced into units as of March 31, 2012. This transaction is with an offshore non-U.S. person; accordingly, these securities are exempt from registration pursuant to Regulation S.
	Purchase of Equity Securities by the Issuer and Affiliated Purchasers
	We did not purchase any of our shares of common stock or other securities during the period ended March 31, 2012.
3.	Defaults Upon Senior Securities
	- None
4.	Submission of Matters to a Vote of Security Holders
	- None
5.	Other Information
	- None

6. Exhibits

Table of Exhibit
Items	Description	Exhibit
601-3(i)	Articles of Incorporation	Note 1
601-(3)(ii)	Bylaws	Note 1
601-(3)(iii)	Certificate of Amendment	Note 1
601-(10)	Stock Award Plan	Note 2
601-(31)	Rule 13a-14(a)/15d-14(a) Certifications	Exhibit 31.1
601-(32)	Section 1350 Certifications	Exhibit 32.1
Note 1:	Incorporated by reference to Form 10-KSB Annual Report for the year ending December 31, 2001
Note 2:	Incorporated by reference to Form 10-KSB Annual Report for the year ending December 31, 2002

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		Strategic Internet Investments, Incorporated
Date:	May 22, 2012	/s/ Abbas Salih
		Abbas Salih, CEO, CFO, Director

EX-31.1

Exhibit 31.1

CERTIFICATION

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Abbas Salih, certify that:

(1) I have reviewed this Form 10-Q Interim Report for the period ended March 31, 2012 of Strategic Internet Investments, Incorporated;

(2) Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

(3) Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the small business issuer as of, and for, the periods presented in this report;

(4) The small business issuer's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the small business issuer and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the small business issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the small business issuer's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the small business issuer's internal control over financial reporting that occurred during the small business issuer's most recent fiscal quarter (the small business issuer's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the small business issuer's internal control over financial reporting; and

(5) The small business issuer's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuer's auditors and the audit committee of the small business issuer's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer's ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer's internal control over financial reporting.

Date:	May 22, 2012	/s/ Abbas Salih
		Abbas Salih, Director, CEO, CFO

EX-32.1

Exhibit 32.1

CERTIFICATION

Pursuant to 18 U.S.C. Section 1350

As Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Annual Report of Strategic Internet Investments, Incorporated (the "Company") on Form 10-Q for the period ending March 31, 2012 as filed with the Securities and Exchange Commission on the date hereof (the "Report"). I, Abbas Salih, Director of the Company, certify, pursuant to 18 USC Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge and belief:

1.	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
2.	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date:	May 22, 2012	/s/ Abbas Salih
		Abbas Salih, Director, CEO, CFO

XML

Capital Stock

3 Months Ended

Mar. 31, 2012

Capital Stock [Text Block]

3.	Capital Stock
	Class A Convertible Preferred Shares
	The Class A convertible preferred shares issued in 2003 have a par value of $0.001 and are convertible to common shares at $4.00 per share during the first 180 days following issuance, and thereafter at the average of twenty consecutive days closing prices, but shall not be less than $1.50 per share or greater than $6.00 per share. The Company has the right to redeem its Class A convertible preferred stock at any time by paying to the holders thereof the sum of $4 per share.
	The aggregate liquidation value of the Class A convertible preferred shares is $792,000. A merger or consolidation of the Company that results in the Company’s stockholders immediately prior to the transaction not holding at least 50% of the voting power of the surviving entity shall be deemed a liquidation event.
	Stock Option Plan
	The Company’s board of directors approved a stock option plan. Under the plan directors, employees and consultants may be granted options to purchase common stock of the Company at a price of not less than 100% of the fair market value of the stock. The total number of options granted must not exceed 15% of the outstanding common stock of the Company. The plan expires on July 1, 2017.
	Stock-based Compensation
	In previous periods, the Company granted share purchase options to directors, employees, and consultants of the
	Company at the closing price of the Company’s common stock on the date of the grants. The options have been granted with a term of 5 years.
	The fair value of each option grant was estimated on the date of the grant using the Black-Scholes option valuation model. The Black-Scholes option valuation model requires the input of highly subjective assumptions including the expected price volatility. Changes in the subjective input assumptions can materially affect the fair value estimate and therefore the Black-Scholes model does not necessarily provide a reliable single measure of the fair value of the
	Company’s share purchase options.
	During the three month periods ended March 31, 2012 and 2011 the Company did not grant any stock options to directors, employees, or consultants.
	During the period ended March 31, 2012, the change in share purchase options outstanding are as follows:

				Weighted	Weighted
				Average	Average		Aggregate
				Exercise	Remaining		Intrinsic
	Shares			Price	Contractual Life		Value
Options outstanding at December 31, 2010	3,175,000		$	0.15	2.42 years	$	-
Cancelled during the period	(50,000	)	$	0.15	2.42 years		-
Options outstanding at December 31, 2011	3,125,000		$	0.15	1.42 years	$	-
Cancelled during the period	-						-
Options outstanding at March 31, 2012	3,125,000		$	0.15	1.17 years	$	-

As at March 31, 2012, the Company had share purchase options outstanding as follows:

Number of Options	Exercise Price	Expiry Date
3,125,000	$0.15	June 1, 2013

As at March 31, 2012 and December 31, 2011 all of the outstanding share purchase options were exercisable.

XML

Loans Payable

3 Months Ended

Mar. 31, 2012

Loans Payable [Text Block]

2. Loans Payable

			March 31,		December 31,
			2012		2011
a)	Loan payable to a company controlled by a director of the Company including accrued interest of $8,750 (December 31, 2011 - $8,298). The loan is unsecured, bearing interest at 12% per annum and is repayable on demand.	$	15,551	$	15,100
b)	Loans payable to companies controlled by directors of the Company. The loans are unsecured, non-interest bearing, and repayable upon demand.		294,972		244,487
c)	Loan payable to a company controlled by a director of the Company, including accrued interest payable of $86,514 (December 31, 2011 - $80,426), pursuant to a Convertible Loan Agreement. The loan is unsecured, bearing interest at 10% per annum and is repayable on demand. The lender may at anytime convert the principal sum into units of the Company. Each unit will consist of one common share plus one common share purchase warrant. Each warrant is exercisable for a period of 2 years from the date of conversion at a price ranging from $0.05 to $0.23. The principal sum of $163,766 may be converted into 2,320,858 units. Conversion of these loans and resulting associated warrants to equity will be based on the conversion price set at the time the principal amount was drawn ranging from $0.05 to $0.23. Upon conversion of this loan, the $73,685 fair value of the warrants will be recognized as an interest expense and credited to additional paid-in capital.		250,280		244,192
d)	Loan payable to a company controlled by a director of the Company, including accrued interest of $126,972 (December 31, 2011 - $117,676), pursuant to a Convertible Loan Agreement. The loan is unsecured, bearing interest at 10% per annum and is repayable on demand. The lender may at anytime convert the principal sum into units of the Company. Each unit will consist of one common share plus one common share purchase warrant. Each warrant is exercisable for a period of 2 years from the date of conversion at a price ranging from $0.05 to $0.12. The principal sum of $255,209 may be converted into 4,526,436 units. Conversion of this loan and resulting associated warrants to equity will be based on the conversion price set at the time the principal amount was drawn ranging from $0.05 to $0.12. Upon conversion of this loan, the $113,338 fair value of the warrants will be recognized as an interest expense and credited to additional paid-in capital.		382,181		372,885
		$	942,984	$	876,664

XML

Statement of Financial Position (USD $)	Mar. 31, 2012	Dec. 31, 2011
Current
Cash	$ 1,783	$ 161
Total Assets	1,783	161
Current
Accounts payable -	558,905	566,958
Loans payable -	942,984	876,664
TOTAL LIABILITIES	1,501,889	1,443,622
CAPITAL DEFICIT
Common stock, $0.001 par value 100,000,000 authorized 27,610,326 issued (2011: 27,610,326 issued)	27,610	27,610
Additional paid-in capital	7,765,583	7,765,583
Deficit accumulated during the development stage	(10,085,299)	(10,028,654)
Total Stockholders Equity	(2,292,106)	(2,235,461)
Total Liabilities and Stockholders Equity	1,783	161
Class A Convertible Preferred stock [Member]
CAPITAL DEFICIT
Class B Preferred stock, $0.001 par value 10,000,000 authorized, none outstanding	792,000	792,000
Class B Preferred Stock [Member]
CAPITAL DEFICIT
Class B Preferred stock, $0.001 par value 10,000,000 authorized, none outstanding	$ 0	$ 0

XML

Statement of Stockholders Equity (USD $)	Common Stock [Member]	Additional Paid-In Capital [Member]	Deficit Accumulated During the Development Stage [Member]	Total
Beginning Balance at Feb. 28, 1989
Issuance of stock to insiders on March 7, 1989 at $0.30	$ 33	$ 9,967		$ 10,000
Issuance of stock to insiders on March 7, 1989 at $0.30 (Shares)	33,347
Ending Balance at Dec. 31, 1989	33	9,967		10,000
Ending Balance (Shares) at Dec. 31, 1989	33,347
Issuance of stock during public offering for $3.00 per share, net of offering costs of $27,270	33	72,697		72,730
Issuance of stock during public offering for $3.00 per share, net of offering costs of $27,270 (Shares)	33,348
Net loss			(84,159)	(84,159)
Ending Balance at Dec. 31, 1990	66	82,664	(84,159)	(1,429)
Ending Balance (Shares) at Dec. 31, 1990	66,695
Net loss			(3,416)	(3,416)
Ending Balance at Dec. 31, 1991	66	82,664	(85,575)	(4,845)
Ending Balance (Shares) at Dec. 31, 1991	66,695
Net loss			(2,713)	(2,713)
Ending Balance at Dec. 31, 1992	66	82,664	(90,288)	(7,558)
Ending Balance (Shares) at Dec. 31, 1992	66,695
Net loss			(1,614)	(1,614)
Ending Balance at Dec. 31, 1993	66	82,664	(91,902)	(9,172)
Ending Balance (Shares) at Dec. 31, 1993	66,695
Net loss			(1,863)	(1,863)
Ending Balance at Dec. 31, 1994	66	82,664	(93,765)	(11,035)
Beginning Balance (Shares) at Dec. 31, 1994	66,695
Issuance of stock for services rendered at $0.03	50	1,450		1,500
Issuance of stock for services rendered at $0.03 (Shares)	50,000
Contributed capital		24,842		24,842
Net loss			(16,735)	(16,735)
Ending Balance at Dec. 31, 1995	116	108,956	(110,500)	(1,428)
Ending Balance (Shares) at Dec. 31, 1995	116,695
Net loss			(9,068)	(9,068)
Ending Balance at Dec. 31, 1996	116	108,956	(119,568)	(10,496)
Beginning Balance (Shares) at Dec. 31, 1996	116,695
Contributed capital		600		600
Issuance of stock for cash - $0.011	2,000	19,300		21,300
Issuance of stock for cash - $0.011 (Shares)	2,000,000
Net loss			(22,261)	(22,261)
Ending Balance at Dec. 31, 1997	2,116	128,856	(141,829)	(10,857)
Ending Balance (Shares) at Dec. 31, 1997	2,116,695
Issuance of stock services - at $0.001	7,000			7,000
Issuance of stock services - at $0.001 (Shares)	7,000,000
Issuance of stock services - at $0.01	620	5,580		6,200
Issuance of stock services - at $0.01 (Shares)	620,000
Net loss			(52,308)	(52,308)
Ending Balance at Dec. 31, 1998	9,736	134,436	(194,137)	(49,965)
Ending Balance (Shares) at Dec. 31, 1998	9,736,695
Net loss			(35,995)	(35,995)
Ending Balance at Dec. 31, 1999	9,736	134,436	(230,132)	(85,960)
Beginning Balance (Shares) at Dec. 31, 1999	9,736,695
Issuance of stock for cash pursuant to a private placement - at $0.30	1,133	338,867		340,000
Issuance of stock for cash pursuant to a private placement - at $0.30 (Shares)	1,133,334
Issue of stock for finders fee	50	(50)
Issue of stock for finders fee (Shares)	50,000
Non-cash compensation charge		78,707		78,707
Net loss			(336,431)	(336,431)
Ending Balance at Dec. 31, 2000	10,919	551,960	(566,563)	(3,684)
Ending Balance (Shares) at Dec. 31, 2000	10,920,029
Issuance of stock for cash pursuant to a private placement - at $0.30	883	264,117		265,000
Issuance of stock for cash pursuant to a private placement - at $0.30 (Shares)	883,332
Issuance of stock for services at $0.50	328	163,851		164,179
Issuance of stock for services at $0.50 (Shares)	328,356
Issuance of stock for services - at $1.55	13	20,731		20,744
Issuance of stock for services - at $1.55 (Shares)	13,383
Issuance of stock for services - at $3.50	367	1,282,964		1,283,331
Issuance of stock for services - at $3.50 (Shares)	366,667
Issuance of stock pursuant to the exercise of warrants - at $2.00	29	57,571		57,600
Issuance of stock pursuant to the exercise of warrants - at $2.00 (Shares)	28,800
Less: Issue costs		(17,858)		(17,858)
Non-cash compensation charge		136,378		136,378
Net loss			(2,296,406)	(2,296,406)
Ending Balance at Dec. 31, 2001	12,539	2,459,714	(2,862,969)	(390,716)
Ending Balance (Shares) at Dec. 31, 2001	12,540,567
Issuance of stock for prepaid consulting - at $0.35	80	27,920		28,000
Issuance of stock for prepaid consulting - at $0.35 (Shares)	80,000
Issuance of stock for deferred costs - at $0.05	1,300	63,700		65,000
Issuance of stock for deferred costs - at $0.05 (Shares)	1,300,000
Issuance of stock for services at $0.05	100	4,900		5,000
Issuance of stock for services at $0.05 (Shares)	100,000
Issuance of stock for services - at $0.055	60	3,240		3,300
Issuance of stock for services - at $0.055 (Shares)	60,000
Issuance of stock for services - at $0.10	105	10,395		10,500
Issuance of stock for services - at $0.10 (Shares)	105,000
Issuance of stock for services - at $0.148	27	3,973		4,000
Issuance of stock for services - at $0.148 (Shares)	27,000
Issuance of stock for services - at $0.20	175	34,825		35,000
Issuance of stock for services - at $0.20 (Shares)	175,000
Issuance of stock for services - at $0.209	17	3,583		3,600
Issuance of stock for services - at $0.209 (Shares)	17,143
Issuance of stock for services - at $0.35	120	41,880		42,000
Issuance of stock for services - at $0.35 (Shares)	120,000
Issuance of stock for debt at $0.20	458	91,169		91,627
Issuance of stock for debt at $0.20 (Shares)	458,135
Issuance of stock for debt at $0.209	223	46,156		46,379
Issuance of stock for debt at $0.209 (Shares)	222,751
Net loss			(214,758)	(214,758)
Ending Balance at Dec. 31, 2002	15,204	2,791,455	(3,077,727)	(271,068)
Ending Balance (Shares) at Dec. 31, 2002	15,205,596
Issue of stock for services at $0.14	1,450	201,550		203,000
Issue of stock for services at $0.14 (Shares)	1,450,000
Issue of stock for cash pursuant to a private placement at $0.10	650	64,350		65,000
Issue of stock for cash pursuant to a private placement at $0.10 (Shares)	650,000
Non-cash compensation charge		53,500		53,500
Net loss			(1,208,941)	(1,208,941)
Ending Balance at Dec. 31, 2003	17,304	3,110,855	(4,286,668)	(1,158,509)
Ending Balance (Shares) at Dec. 31, 2003	17,305,596
Issuance of stock for services - at $0.35	350	122,150		122,500
Issuance of stock for services - at $0.35 (Shares)	350,000
Issue of stock for cash pursuant to the exercise of warrants at $0.10	320	31,680		32,000
Issue of stock for cash pursuant to the exercise of warrants at $0.10 (Shares)	320,000
Issue of stock for cash pursuant to the exercise of warrants at $0.05	644	31,542		32,186
Issue of stock for cash pursuant to the exercise of warrants at $0.05 (Shares)	643,715
Issue of stock for cash pursuant to the exercise of options at $0.25	205	51,045		51,250
Issue of stock for cash pursuant to the exercise of options at $0.25 (Shares)	205,000
Issue of stock for debt at $0.05	563	29,437		30,000
Issue of stock for debt at $0.05 (Shares)	563,000
Issue of stock for debt at $0.06	825	47,712		48,537
Issue of stock for debt at $0.06 (Shares)	825,364
Issue of stock for debt at $0.30	50	14,950		15,000
Issue of stock for debt at $0.30 (Shares)	50,000
Cancellation of stock issued for deferred costs at $0.05	(1,300)	(63,700)		(65,000)
Cancellation of stock issued for deferred costs at $0.05 (Shares)	(1,300,000)
Non-cash compensation charge		161,450		161,450
Issuance of stock for services at $2.00	10	19,990		20,000
Issuance of stock for services at $2.00 (Shares)	10,000
Net loss			(517,324)	(517,324)
Ending Balance at Dec. 31, 2004	18,971	3,557,111	(4,803,992)	(1,227,910)
Ending Balance (Shares) at Dec. 31, 2004	18,972,675
Issuance of stock for services at $0.50	121	60,379		60,500
Issuance of stock for services at $0.50 (Shares)	121,000
Issue of stock for cash pursuant to the exercise of warrants at $0.10	358	35,417		35,775
Issue of stock for cash pursuant to the exercise of warrants at $0.10 (Shares)	357,760
Issue of stock for cash pursuant to the exercise of warrants at $0.07	76	5,232		5,308
Issue of stock for cash pursuant to the exercise of warrants at $0.07 (Shares)	75,820
Issue of stock for cash pursuant to the exercise of warrants at $0.11	300	31,270		31,570
Issue of stock for cash pursuant to the exercise of warrants at $0.11 (Shares)	299,724
Issue of stock for cash pursuant to the exercise of warrants at $0.21	17	3,483		3,500
Issue of stock for cash pursuant to the exercise of warrants at $0.21 (Shares)	16,803
Issue of stock for debt at $0.39	636	249,524		250,160
Issue of stock for debt at $0.39 (Shares)	635,901
Issuance of stock for services at $0.25	950	236,550		237,500
Issuance of stock for services at $0.25 (Shares)	950,000
Issuance of stock for services at $0.36	100	35,900		36,000
Issuance of stock for services at $0.36 (Shares)	100,000
Issuance of stock for services at $0.54	20	10,680		10,700
Issuance of stock for services at $0.54 (Shares)	20,000
Issuance of stock for services at $0.84	50	41,950		42,000
Issuance of stock for services at $0.84 (Shares)	50,000
Issuance of stock dividend at $0.65	4,061	2,635,357	(2,639,418)
Issuance of stock dividend at $0.65 (Shares)	4,060,643
Non-cash compensation charge		25,700		25,700
Net loss			(517,270)	(517,270)
Ending Balance at Dec. 31, 2005	25,660	6,928,553	(7,960,680)	(1,006,467)
Ending Balance (Shares) at Dec. 31, 2005	25,660,326
Less: Issue costs		(43,000)		(43,000)
Issue of stock for cash pursuant to a private placement at $0.40	200	79,800		80,000
Issue of stock for cash pursuant to a private placement at $0.40 (Shares)	200,000
Issue of stock for finders fee at $0.40	100	39,900		40,000
Issue of stock for finders fee at $0.40 (Shares)	100,000
Beneficial conversion feature on convertible		77,800		77,800
Net loss			(401,655)	(401,655)
Ending Balance at Dec. 31, 2006	25,960	7,083,053	(8,362,335)	(1,253,322)
Ending Balance (Shares) at Dec. 31, 2006	25,960,326
Issuance of stock for services - at $0.20	700	139,300		140,000
Issuance of stock for services - at $0.20 (Shares)	700,000
Issue of stock for cash pursuant to a private placement at $0.25	200	49,800		50,000
Issue of stock for cash pursuant to a private placement at $0.25 (Shares)	200,000
Non-cash compensation charge		29,240		29,240
Beneficial conversion feature on convertible		39,600		39,600
Net loss			(519,345)	(519,345)
Ending Balance at Dec. 31, 2007	26,860	7,340,993	(8,881,680)	(1,513,827)
Ending Balance (Shares) at Dec. 31, 2007	26,860,326
Issuance of stock for services at $0.07	750	51,250		52,000
Issuance of stock for services at $0.07 (Shares)	750,000
Non-cash compensation charge		251,078		251,078
Beneficial conversion feature on convertible		122,262		122,262
Net loss			(723,811)	(723,811)
Ending Balance at Dec. 31, 2008	27,610	7,765,583	(9,605,491)	(1,812,298)
Ending Balance (Shares) at Dec. 31, 2008	27,610,326
Net loss			(154,805)	(154,805)
Ending Balance at Dec. 31, 2009	27,610	7,765,583	(9,760,296)	(1,967,103)
Ending Balance (Shares) at Dec. 31, 2009	27,610,326
Net loss			(134,729)	(134,729)
Ending Balance at Dec. 31, 2010	27,610	7,765,583	(9,895,025)	(2,101,832)
Ending Balance (Shares) at Dec. 31, 2010	27,610,326
Net loss			(133,629)	(133,629)
Ending Balance at Dec. 31, 2011	27,610	7,765,583	(10,028,654)	(2,235,461)
Ending Balance (Shares) at Dec. 31, 2011	27,610,326
Beneficial conversion feature on convertible				0
Net loss			(56,645)	(56,645)
Ending Balance at Mar. 31, 2012	$ 27,610	$ 7,765,583	$ (10,085,299)	$ (2,292,106)
Ending Balance (Shares) at Mar. 31, 2012	27,610,326

XML

Nature of Operations and Ability to Continue as a Going Concern

3 Months Ended

Mar. 31, 2012

Nature of Operations and Ability to Continue as a Going Concern [Text Block]

1.	Nature of Operations and Ability to Continue as a Going Concern
	The Company is in the development stage and is devoting its efforts to exploring new investment opportunities, including real estate development projects.
	These financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next fiscal year. Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. At March 31, 2012, the Company had not yet achieved profitable operations, has an accumulated deficit of $10,085,299 since its inception, has a working capital deficiency of $1,500,106 and expects to incur further losses in the development of its business, all of which casts substantial doubt about the Company’s ability to continue as a going concern. Management anticipates that it requires approximately $81,000 over the twelve months ended March 31, 2013 to continue operations as well as the Company estimates it will accrue interest expenses of $66,000 over the next 12 months on loans due to related parties. In addition to funding the Company’s general, administrative and corporate expenses the Company is obligated to address its current obligations totalling $1,501,889. To the extent that cash needs are not achieved from operating cash flow and existing cash on hand, the Company will be required to raise necessary cash through shareholder loans, equity issuances and/or other debt financing. Amounts raised will be used to continue the development of the Company's investment activities, and for other working capital purposes.
	The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has no formal plan in place to address this concern but considers that the Company will be able to obtain additional funds by equity financing and/or related party advances; however there is no assurance of additional funding being available. The Company has historically satisfied its capital needs primarily by issuing equity securities. Management plans to continue to provide for its capital needs during the twelve months ended March 31, 2013, by issuing equity securities and/or related party advances.
	The accompanying unaudited interim financial statements have been prepared by the Company pursuant to the rules and regulations of the United States Securities and Exchange Commission. Certain information and disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, all adjustments and disclosures necessary for a fair presentation of these financial statements have been included. Such adjustments consist of normal recurring adjustments. These interim financial statements should be read in conjunction with the annual audited financial statements of the Company for the fiscal year ended December 31, 2011, included in the Company’s 10-K Annual Report as filed with the United States Securities and Exchange Commission.
	The results of operations for the periods ended March 31, 2012 are not indicative of the results that may be expected for the full year.

XML

Statement of Financial Position (Parenthetical) (USD $)	Mar. 31, 2012	Dec. 31, 2011
Common Stock, Par Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares, Outstanding	27,610,326	27,610,326
Class A Convertible Preferred stock [Member]
Preferred Stock, Par Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Outstanding	198,000	198,000
Class B Preferred Stock [Member]
Preferred Stock, Par Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Outstanding

XML

Document and Entity Information	3 Months Ended
	Mar. 31, 2012	May 22, 2012
Document and Entity Information
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2012
Trading Symbol	siii
Entity Registrant Name	STRATEGIC INTERNET INVESTMENTS INC
Entity Central Index Key	0000053320
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		27,610,326
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well Known Seasoned Issuer	No
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q1

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Statement of Operations (USD $)	3 Months Ended		277 Months Ended
	Mar. 31, 2012	Mar. 31, 2011	Mar. 31, 2012
General and Administrative Expenses
Accounting and audit fees	$ 25,320	$ 15,000	$ 500,401
Amortization	0	0	3,616
Communications	215	222	107,437
Consulting fees -	0	0	3,419,546
Interest -	15,836	14,182	585,574
Investor relations	0	0	91,385
Legal fees	0	0	166,684
Management fees -	0	0	546,325
Office and general -	48	89	145,381
Regulatory fees	5,828	914	58,243
Rent -	0	0	135,615
Transfer agent fees	375	375	47,883
Travel	0	0	112,770
Loss on disposal of equipment	0	0	1,481
Write-down of advances to related party	0	0	606,337
Operating loss	(47,622)	(30,782)	(6,528,678)
Unauthorized distribution	0	0	(69,116)
Termination fee	0	0	(792,000)
Loss on foreign exchange	(9,023)	(5,189)	(47,110)
Gain on settlement of payables	0	0	25,233
Write-down of deferred costs	0	0	(34,210)
Net loss for the period	$ (56,645)	$ (35,971)	$ (7,445,881)
Basic and diluted loss per share	$ 0.00	$ 0.00
Weighted average common shares outstanding	27,610,326	27,610,326

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Subsequent Event

3 Months Ended

Mar. 31, 2012

Subsequent Event [Text Block]

6.	Subsequent Event
	Subsequent to March 31, 2012 the Company received an additional loan of $4,000 from a company controlled by a director of the Company. This loan is unsecured, non-interest bearing, and repayable upon demand.

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Related Party Transactions

3 Months Ended

Mar. 31, 2012

Related Party Transactions [Text Block]

5.	Related Party Transactions
	The Company was charged the following by stockholders, directors, by companies controlled by directors and/or stockholders of the Company, and by companies with directors in common:

						Cumulative from
						February 28,
						1989 (Date of
						Inception) to
		Three months ended March 31,				March 31,
		2012		2011		2012
Consulting fees	$	-	$	-	$	249,043
Interest		15,836		14,182		437,810
Management fees		-		-		546,325
Office and general		-		-		26,944
Rent		-		-		130,232
	$	15,836	$	14,182	$	1,390,354

At March 31, 2012, accounts payable includes $459,150 (December 31, 2011 - $456,972) due to directors of the Company and companies controlled by directors of the Company in respect of unpaid management fees, consulting fee and expenses incurred on behalf of the Company.

At March 31, 2012, accounts payable also includes $15,527 (December 31, 2011 - $15,527) of expenses for operating costs paid on behalf of the Company by companies with directors in common.

The Company entered into two Management Services Agreements dated January 1, 2007 with a director and a company controlled by a director of the Company. Under the terms of these agreements they were each paid $7,500 per month, plus taxes where applicable, for management services. These agreements were for a 24-month period and expired on December 31, 2008. Effective September 12, 2008, one of the agreements was terminated and the other was not renewed subsequent to December 31, 2008. Pursuant to these agreements, accounts payable includes $321,057 of unpaid management fees. If the Company is unable to pay for the services, the consultant may elect to settle any portion of outstanding amounts plus interest with units of the Company. Each unit shall consist of one common share and one share purchase warrant entitling the holder to purchase one additional common share of the Company. The price for the units and warrants will be determined based on a discount to the 10 day average market price ranging from 50% to 60%, but no less than $0.05 per share.

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Statement of Cash Flows (USD $)	3 Months Ended		277 Months Ended
	Mar. 31, 2012	Mar. 31, 2011	Mar. 31, 2012
Operating Activities
Net loss for the period	$ (56,645)	$ (35,971)	$ (7,445,881)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization	0	0	3,616
Beneficial conversion feature on convertible debt	0	0	239,662
Communications	0	0	28,000
Consulting fees	0	0	2,478,554
Gain on settlement of payables	0	0	(25,233)
Interest accrued on loans	15,836	14,182	222,234
Legal fees	0	0	25,000
Loss on disposal of equipment	0	0	1,481
Management fees	0	0	7,000
Stock-based compensation	0	0	736,053
Termination fees	0	0	792,000
Write-down of deferred costs	0	0	34,210
Write-down of advances to related party	0	0	606,337
Changes in non-cash item:
Prepaid expenses	0	213	0
Accounts payable	(8,053)	(1,958)	696,850
Net cash used in operating activities	(48,862)	(23,534)	(1,600,117)
Investing Activities
Organization costs	0	0	(750)
Acquisition of equipment	0	0	(4,347)
Deferred costs	0	0	(34,210)
Advances to related party	0	0	(606,337)
Net cash used in investing activities	0	0	(645,644)
Financing Activities
Loans payable	50,484	23,446	1,074,215
Due to related parties	0	0	15,526
Proceeds from issuance of common stock	0	0	1,162,631
Payment of offering costs	0	0	(30,270)
Additional paid-in capital	0	0	25,442
Net cash provided by financing activities	50,484	23,446	2,247,544
Increase (decrease) in cash during the period	1,622	(88)	1,783
Cash, beginning of the period	161	236	0
Cash, end of the period	1,783	148	1,783
Supplementary disclosure of cash flows:
Cash paid for Interest	$ 0	$ 0	$ 93,859

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Non-Cash Transactions

3 Months Ended

Mar. 31, 2012

Non-Cash Transactions [Text Block]

4.	Non-Cash Transactions
	Investing and financing activities that do not have a direct impact on cash flows are excluded from the statements of cash flows. The Company issued common shares for settlement of debts, convertible loans, and for services provided to the Company during the following years:

		Number of				Weighted
		Preferred	Number of			Average Price
Year		Shares	Common Shares			Per Share		Total
1995	Consulting fee	-	50,000		$	0.03	$	1,500
1998	Management fee	-	7,000,000		$	0.001		7,000
1998	Consulting fee	-	620,000		$	0.01		6,200
2000	Finders fee	-	50,000		$	0.001		50
2001	Consulting fee	-	708,406		$	2.07		1,468,254
2002	Deferred cost	-	1,300,000		$	0.05		65,000
2002	Consulting fee	-	684,143		$	0.19		131,400
2002	Debt settlement	-	680,886		$	0.20		138,006
2003	Consulting fee	-	1,450,000		$	0.14		203,000
2003	Termination fee	198,000	-		$	4.00		792,000
2004	Loan conversion	-	825,364		$	0.06		48,537
2004	Loan settlement	-	613,000		$	0.07		45,000
2004	Consulting fee	-	360,000		$	0.40		142,500
2004	Deferred cost (cancellation)	-	(1,300,000	)	$	0.05		(65,000	)
2005	Communications	-	56,000		$	0.50		28,000
2005	Consulting fees	-	1,135,000		$	0.29		333,700
2005	Legal fees	-	50,000		$	0.50		25,000
2005	Loan conversion	-	635,901		$	0.39		250,160
2005	Stock dividend	-	4,120,643		$	0.65		2,678,418
2006	Finders’ fee	-	100,000		$	0.40		40,000
2007	Consulting fees	-	700,000		$	0.20		140,000
2008	Consulting fees	-	750,000		$	0.07		52,000
		198,000	20,589,343				$	6,530,725

These amounts have been excluded from the investing and financing activities of the statements of cash flows.