GOING CONCERN	6 Months Ended
Jun. 30, 2012
GOING CONCERN
GOING CONCERN	NOTE 2. GOING CONCERN. The accompanying Consolidated Financial Statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has suffered recurring losses, negative working capital and is dependent upon raising capital to continue operations. The Company has incurred losses resulting in an accumulated deficit of $8,606,926 and $8,443,723 as of June 30, 2012 and December 31, 2011, respectively. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. It is management’s plan to generate additional working capital by increasing revenue as a result of ongoing sales and marketing initiatives and by raising additional capital from investors. Management's plans with regards to these issues are as follows: Locating and merging with other profitable private companies where the owners of these businesses are seeking liquidity and exit plans. Expanding revenues by purchasing, or otherwise acquiring, profitable private businesses. Continued development of Georgetown 14, our first acquisition, to increase revenues and profitability. Locating and purchasing additional theaters. Using the 68,000 name prescription customer database to provide the foundation of the FullCircle Prescription Service, Inc. business. Attracting companies, contractors and agents to independently market our prescription services. Attracting contractors and agents to independently market our services and assist in our search for business candidates for acquisition. Raising new investment capital, either in the form of equity or loans, sufficient to meet the Company's operating expenses until the revenues are sufficient to meet the Company’s operating expenses on an ongoing basis. The Company cannot ascertain the eventual success of management's plans with any degree of certainty. No assurances can be given that the Company will be successful in raising immediate capital or that the Company will achieve profitability or positive cash flows. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described above. The accompanying consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

GOING CONCERN

6 Months Ended

Jun. 30, 2012

NOTE 2. GOING CONCERN.

The accompanying Consolidated Financial Statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has suffered recurring losses, negative working capital and is dependent upon raising capital to continue operations. The Company has incurred losses resulting in an accumulated deficit of $8,606,926 and $8,443,723 as of June 30, 2012 and December 31, 2011, respectively.

The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. It is management’s plan to generate additional working capital by increasing revenue as a result of ongoing sales and marketing initiatives and by raising additional capital from investors.

Management's plans with regards to these issues are as follows:

Locating and merging with other profitable private companies where the owners of these businesses are seeking liquidity and exit plans.

Expanding revenues by purchasing, or otherwise acquiring, profitable private businesses.

Continued development of Georgetown 14, our first acquisition, to increase revenues and profitability.

Locating and purchasing additional theaters.

Using the 68,000 name prescription customer database to provide the foundation of the FullCircle Prescription Service, Inc. business.

Attracting companies, contractors and agents to independently market our prescription services.

Attracting contractors and agents to independently market our services and assist in our search for business candidates for acquisition.

Raising new investment capital, either in the form of equity or loans, sufficient to meet the Company's operating expenses until the revenues are sufficient to meet the Company’s operating expenses on an ongoing basis.

The Company cannot ascertain the eventual success of management's plans with any degree of certainty. No assurances can be given that the Company will be successful in raising immediate capital or that the Company will achieve profitability or positive cash flows.

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described above. The accompanying consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

- Definition

Disclosure of accounting policy for reporting when there is a substantial doubt about an entity's ability to continue as a going concern for a reasonable period of time (generally a year from the balance sheet date). Disclose: (a) pertinent conditions and events giving rise to the assessment of substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time, (b) the possible effects of such conditions and events, (c) management's evaluation of the significance of those conditions and events and any mitigating factors, (d) possible discontinuance of operations, (e) management's plans (including relevant prospective financial information), and (f) information about the recoverability or classification of recorded asset amounts or the amounts or classification of liabilities. If management's plans alleviate the substantial doubt about the entity's ability to continue as a going concern, disclosure of the principal conditions and events that initially raised the substantial doubt about the entity's ability to continue as a going concern would be expected to be considered. Disclose whether operations for the current or prior years generated sufficient cash to cover current obligations, whether waivers were obtained from creditors relating to the company's default under the provisions of debt agreements and possible effects of such conditions and events, such as: whether there is a possible need to obtain additional financing (debt or equity) or to liquidate certain holdings to offset future cash flow deficiencies. Disclose appropriate parent company information when parent is dependent upon remittances from subsidiaries to satisfy its obligations.

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