December 31,

2012

2011

Gross receivable

Sale of Company common stock, net proceeds retained by Mr. Feller

$

640,000

$

640,000

Value of 378,661 shares of common stock owed by Mr. Feller to the Company, valued at December 31, 2012 price of $0.19

71,946

$

–

Vintage automobile retained by Mr. Feller

38,100

Other

4,622

–

Total

754,668

678,100

Offsets to receivable

Alleged commission on stock sales per Mr. Feller's written declaration

–

(115,000

)

Deferred salary

(113,667

)

(398,790

)

Expense reports submitted and approved

(30,540

)

(30,540

)

Expense reports to be submitted

–

(133,770

)

Offset receivable from stock transactions

(538,515

)

–

Net receivable

$

71,946

$

–