XML 29 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended 18 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Cash flows from operating activities      
Net loss $ (73,176) $ (100,720) $ (257,853)
Loss from discontinued operations 39,492 39,311 118,663
Amortization of debt discounts charged to interest expense 8,244 8,244 24,732
Stock -based compensation 9,070 9,070 27,210
Legal, audit and accounting, and consulting fees paid by two lenders on behalf of the Company 2,500 44,050 51,550
Accounts payable (904) (13,000) (8,904)
Accrued expenses and other current liabilities 14,774 12,036 43,593
Net cash (used in) operating activities - continuing operations    (1,009) (1,009)
Net cash provided by (used in) operating activities - discontinued operations    784 784
Net cash (used in) operating activities    (225) (225)
Cash flows from investing activities:      
Loans from continuing operations to discontinued operations         
Net cash provided by (used in) investing activities - continuing operations         
Net cash provided by (used in) investing activities - discontinued operations         
Net cash provided by (used in) investing activities         
Cash flows from financing activities:      
Increases in debt         
Repayment of debt         
Net cash provided by (used in) financing activities - continuing operations         
Net cash provided by (used in) financing activities - discontinued operations         
Net cash provided by (used in) financing activities         
Decrease in cash and cash equivalents    (225) (225)
Cash and cash equivalents, beginning of period    225 225
Cash and cash equivalents, end of period         
Less cash and cash equivalents of discontinued operations at end of period         
Cash and cash equivalents of continuing operations at end of period         
Supplemental disclosures of cash flow information:      
Interest paid         
Income taxes paid         
Non-cash operating, investing and financing activities:      
Legal, audit and accounting, and consulting fees paid by two lenders on behalf of the Company 2,500 44,050 51,550
Shares of common stock issued to noteholders in satisfaction of debt and accrued interest    $ 3,500 $ 3,500