CAPITAL GROUP HOLDINGS, INC (A DEVELOPMENT STAGE COMPANY. Condensed Consolidated Balance Sheets (unaudited) (USD $)	Dec. 31, 2011	Jun. 30, 2011
Current assets:
Cash and cash equivalents	$ 776	$ 339
Other current assets	12,500	22,500
Stock subscription receivable	0	10,000
Total current assets	13,276	32,839
Property and equipment, net of depreciation	10,233	13,785
Note receivable	10,000	0
TOTAL ASSETS	33,509	46,624
Current liabilities:
Accounts payable	212,702	207,546
Accounts payable to related party	4,165	4,665
Accrued payroll liabilities	858,005	698,685
Accrued liabilities	8,158	5,658
Convertible notes payable, net of discount for warrants	4,964	4,936
Total current liabilities	1,087,994	921,490
Commitments and Contingencies
STOCKHOLDERS' DEFICIT
Common stock, $.01 par value, 100,000,000 shares authorized, 55,678,121 shares issued and outstanding at December 31 and June 30, 2011	556,781	556,781
Additional paid in capital	9,215,730	9,215,730
Common stock subscribed	261,200	125,000
Accumulated deficit	(3,539,288)	(3,539,288)
Accumulated deficit during development stage	(7,548,908)	(7,233,089)
TOTAL STOCKHOLDERS' DEFICIT	(1,054,485)	(874,866)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 33,509	$ 46,624