XML 34 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statement Of Cash Flows (Unaudited) (USD $)
9 Months Ended 93 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Cash flows from operating activities:      
Net income (loss) $ (47,700) $ (12,000) $ (1,103,105)
Adjustments to reconcile net loss to net cash used in operating activities:      
Finance charges   0 27,387
Accrued interest on notes payable   0 31,414
Amortization     27,077
Accrued expenses and service costs assumed by majority shareholder 47,700 12,000 143,458
Acquisition of a wholly-owned subsidary and the liability assumed by majority stockholder 100   100
Foreign exchange effect on notes payable     5,303
Issuance of common stock for services   0 1,000
Stock-based compensation     28,480
Loss on disposition of equipment 0 0 225,184
Write-down of intangible assets     360,001
Write-off of payables       (73,607)
Write-off of notes payable     (18,729)
Gain on settlement of lawsuit     (44,445)
Gain on sale of discontinued operations   0 (108,121)
Gain on sale of investments       (31,874)
Other income       (42,530)
Changes in non-cash working capital items:      
Accounts payable and accrued liabilities     150,271
Cash used in continuing operations 100 0 (422,736)
Discontinued operations     (171,213)
Net cash used in operating activities 100   (593,949)
Cash flows from investing activities:      
Proceeds from sale of subsidiary     1
Proceeds from assets disposition     5,458
Purchase of equipment    0 (5,808)
Net cash used in investing activities 0   (349)
Cash flows from financing activities:      
Settlement of notes payable       398,614
Proceeds from issuance of common stock     1,000
Net cash provided by financing activities   0 399,614
Effect of exchange rate changes on cash     (14,734)
Change in cash 100 0 (209,418)
Cash, beginning of period    0 209,518
Cash, end of period 100   100
Supplemental Cash Flow Information: (see note 8)