XML 15 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
Sep. 30, 2011
Dec. 31, 2010
Assets    
Cash and cash equivalents    $ 225
Current assets of discontinued operations (see Note 8)    784
Total current assets    1,009
Total assets 0 1,009
Liabilities and Stockholders' Deficiency    
Current portion of debt 268,800 223,250
Accounts payable 69,841 82,841
Accrued interest on Iconic Brands, Inc. debt 36,214 18,704
Current liabilities of discontinued operations (see Note 8) 3,457,256 3,407,444
Total current liabilities 3,832,111 3,732,239
Long term debt 51,259 38,893
Long term debt of discontinued operations (see Note 8) 1,614,001 1,604,572
Series B preferred stock, $2.00 per share stated value; designated 1,000,000 shares, issued and outstanding, 916,603 and 916,603 shares, respectively 1,833,206 1,833,206
Total liabilities 7,330,577 7,208,910
Stockholders' deficiency:    
Preferred stock, $.00001 par value; authorized 100,000,000 shares, Series A, designated 1 share, issued and outstanding 1 and 1 shares, respectively 1 1
Common stock, $.00001 par value; authorized 100,000,000 shares, issued and committed to be issued and outstanding 54,361,412 and 52,519,307 shares, respectively 544 525
Additional paid-in capital 8,932,989 8,915,903
Accumulated deficit (16,264,111) (16,124,330)
Total stockholders' deficiency (7,330,577) (7,207,901)
Total liabilities and stockholders' deficiency $ 0 $ 1,009