10-K

United States

Securities and Exchange Commission

Washington, D.C. 20549

FORM 10-K

x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE FISCAL YEAR ENDED DECEMBER 31, 2012

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE TRANSITION PERIOD FROM  TO 

COMMISSION FILE NUMBER 0-14278

BRAVO ENTERPRISES LTD.

NEVADA	88-01955105
(STATE OF INCORPORATION)	(I.R.S. ID)

35 South Ocean Avenue, Patchogue, New York, 11772

1-888-488-6882

Securities registered pursuant to Section 12(b) of the Act:
COMMON STOCK	OTC: BB

Securities registered pursuant to Section 12(g) of the Act:

Common Stock, Par Value $.001

(Title of Class)

Securities registered pursuant to Section 12(b) of the Act:  None

Securities registered pursuant to Section 12(g) of the Act:  Common stock, $.001 par value per share

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes  o   No x

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. o Yes   x   No

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  o  Yes  x  No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). o  Yes  o  No

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer or a smaller reporting company.

Large accelerated filer	o	Accelerated filer	o
Non-accelerated filer	o	Smaller reporting company	x
(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).oYes  x  No

As of March 31, 2013, there were 147,178,530 shares of the issuer's $0.001 par value common stock issued and outstanding.

Documents incorporated by reference: 

8-K filed February 3, 2012 with respect with respect to a change in Directors.

8-K filed May 15, 2012 with respect to announcing name change and 1:20 reverse split.

8-K filed May 15, 2012 with respect to approval of name change and 1:20 reverse split.

8-K filed November 30, 2012 with respect to entering into a material definitive agreement.

Bravo Enterprises Ltd.

FORM 10-K

For The Fiscal Year Ended December 31, 2012

INDEX

PART I		4
ITEM 1.	BUSINESS	4
ITEM 1A.	RISK FACTORS	8
ITEM 1B.	UNRESOLVED STAFF COMMENTS	8
ITEM 2.	PROPERTIES	8
ITEM 3.	LEGAL PROCEEDINGS	9
ITEM 4.	MINE  SAFETY DISCLOSURES	9
PART II		10
ITEM 5.	MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES	10
ITEM 6.	SELECTED FINANCIAL DATA	14
ITEM 7.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	14
ITEM 7A.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	16
ITEM 8.	FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA	F-1
ITEM 9.	CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS  ON ACCOUNTING AND FINANCIAL DISCLOSURE	17
ITEM 9A.	CONTROLS AND PROCEDURES	17
ITEM 9B.	OTHER INFORMATION	18
PART III		19
ITEM 10.	DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE	19
ITEM 11.	EXECUTIVE COMPENSATION	19
ITEM 12.	SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS	21
ITEM 13.	CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND  DIRECTOR INDEPENDENCE	22
ITEM 14.	PRINCIPAL ACCOUNTING FEES AND SERVICES	23
PART IV		24
ITEM 15.	EXHIBITS AND FINANCIAL STATEMENT SCHEDULES	24
SIGNATURES		25

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Note About Forward-Looking Statements

Certain statements in this report, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. A detailed discussion of these and other risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in the section entitled “Risk Factors” (refer to Part I, Item 1A). We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

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PART I

ITEM 1.  BUSINESS

GENERAL

The following should be read in conjunction with our financial statements and the related notes that appear elsewhere in this quarterly report. The discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements.

Our Company, Bravo Enterprises Ltd., was formed under the laws of the State of Nevada on November 29, 1983 under the name Venture Group, Inc. On February 11, 1986, an amendment to the Articles of Incorporation was filed changing the corporate name to Asdar Corporation. On December 10, 1987, another amendment to the Articles of Incorporation was filed changing the corporate name to Asdar Group.  On February 18, 2001, Asdar Group filed a Certificate of Reinstatement with the Secretary of State of Nevada. On April 30, 2002, another amendment to the Articles of Incorporation was filed changing the corporate name to Precise Life Sciences Ltd. Additional amendments to the Articles of Incorporation were filed changing the corporate name as follows:

February 18, 2003	-	Iceberg Brands Corporation
August 28, 2003	-	Avalon Gold Corporation
March 22, 2005	-	Avalon Energy Corporation
September 25, 2007	-	Shotgun Energy Corporation
April 7, 2009	-	Organa Gardens International Inc.
June 8, 2012	-	Bravo Enterprises Ltd.

Air to Water Harvesting Units Project.

On November 23, 2012, the Company signed an exclusive licensing agreement with Water-For-The-World-Manufacturing Inc, a Company incorporated in Washington State with respect to its commercial atmospheric water harvester system.

Water-For-The-World-Manufacturing Inc is the legal and beneficial owner of all right, title, intellectual property and patent interest in with respect to certain Water Harvesting Equipment.

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Water-For-The-World-Manufacturing Inc is the legal and beneficial owner of Water Harvesting Equipment and has developed packaging, accessories and promotional materials for the purposes of its sale. The Product is described as Air-to-Water Harvesters.

The harvesters feature innovative technology that operates by:

*  Pulling air through a filter and coil.

*  This cools the incoming air, thus producing condensation.

*  It then captures the water.

*  The water is pumped through a series of filtration systems and germicidal ultraviolet reactors for purification.

Water-For-The-World-Manufacturing Inc. is a leader in the design, manufacture and distribution of water from air systems known as Air-to-Water Harvesters that extracts moisture from the air through a dehumidification process then filters and purifies the water for consumption. The company has developed a unique air drive system that will enable the machine not only to be powered through a conventional power source but also in emergency situations the machine can be powered directly from an engine using its patented drive system. The atmospheric water harvester can produce up to 3000 gallons of drinking water under optimum conditions.

Bravo Enterprises Ltd. (“Bravo”) requested and Water For The World Manufacturing Inc. has agreed to grant Bravo, the exclusive manufacturing, distribution and marketing rights for the Water Harvesting Equipment. The term of this agreement is for a period of nine (9) years and is renewable for an additional nine (9) years.

Water For The World Manufacturing Inc. appointed Bravo its exclusive world wide manufacturing and sales representative (the "Territory") for consideration of 120,000,000 restricted common shares of Bravo to be issued to Water For The World Manufacturing Inc. and/or its nominees Bravo will use its best efforts to advertise and promote the sale of the Product and to make regular and sufficient contact with the present and prospective customers of the Company in the Territory.

A portion of the 120,000,000 restricted common share consideration is being received by certain shareholders that also owned shares in Bravo Enterprises Ltd. prior to the November 23, 2012 agreement. The value of these shares considered a  related party portion is $67,257 and as such, this amount has been eliminated from the transaction.

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Intangible assets include the following:

Description	December 31,			December 31,
	2012			2011
18 year general license to manufacture and distribute water units	$	1,560,000		$	-
Less: related party portion of consideration for license		(67,257	)		-
Less: accumulated amortization		-			-
Balance	$	1,492,743		$	-

For additional information, refer to the Company’s website, www.splashwatersolutions.org or www.bravoenterprises.ws

Vertical Hydroponic Farming Project

On March 6, 2009, the Company signed an agreement to acquire all of the assets of Organa Gardens Inc.(OGI), a Nevada Corporation in the business of hydroponics vertical farming. These assets include, but are not limited to all proprietary designs, engineering, technology, business models, plans and intellectual properties pertaining to the Organa Garden System-Discovery (OGS-D) and the Organa Garden System-Enterprise (OGS-E). Both the OGS-D and OGS-E are a rotary hydroponics vertical farming system designed with serviceability, ease-of-use and maximum harvest in mind. Both models are modular, allowing them to be expanded by stacking them. Its specially designed waterwheel technology allows the fully automated system to recycle and reuse 95% of the water used while requiring a negligible amount of energy to run.

The Company was to issue up to 1,250,000 post-reverse split Rule 144 shares of its common stock to OGI, to be held in trust and released based on the following terms and gross revenue requirements:

(a) Release of 500,000 shares of the Company upon signing this Agreement.

(b) Release of 250,000 shares of the Company upon attaining $1,000,000 US in gross revenue.

(c) Release of 250,000 shares of the Company upon attaining $2,500,000 US in gross revenue.

(d) Release of 250,000 shares of the Company upon attaining $4,000,000 US in gross revenue.

The Company was to raise up to $500,000 US to market and fulfill the required obligations of OGI as outlined in the supplemental agreement(s) to follow. The Company and Organa Gardens Inc. agree to allow the shares to sit in trust for a period of 5 years in order for OGI to meet its sales goals. Should the requirements not be met in all or part, then all of the remaining shares will be returned back to the treasury of the Company.

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However, On June 9, 2009, the Company signed an amended agreement to acquire all of the assets of Organa Gardens Inc., a Nevada Corporation in the business of hydroponics vertical farming. These assets include but are not limited to all proprietary designs, engineering, technology, business models, plans and intellectual properties pertaining to the Organa Garden System-Discovery (OGS-D) and the Organa Garden System-Enterprise (OGS-E).

Under the terms of the acquisition, the Company will issue 175,000 post-reverse split restricted 144 shares to Organa Gardens Inc. and/or its nominees (issued) and render a cash commitment of up to $250,000 (not paid) to complete the final steps of taking the OGS-D and OGS-E to market. This agreement replaces the agreement dated March 9, 2009.

All research and development costs are expensed as incurred and include costs of consultants who conduct research and development on behalf of the Company. For the years ended December 30, 2012 and 2011, the Company incurred $Nil in research and development costs. The Company has determined that it will no longer be proceeding with this project.

Ownership Interests.

The following chart specifies our stock ownership at December 31, 2012.

Percent Ownership	Entity	Nature of Ownership
2.10%	Legacy Platinum Group Inc.	3,676,335 Shares of Common Stock *
0.10%	Terralene Fuels Corporation	98,612  Shares of Common Stock

*  3,384,945 of these shares are restricted common shares

Employees.

At December 31, 2012, Bravo Enterprises Ltd. had 2 full time employee/consultants and 5 part time consultants other than its Officers and Directors.

Change in Directors

On February 1, 2012, the Registrant accepted the resignation of Sharon Deutsch as Secretary, Treasurer, Director and Chief Financial Officer of the Registrant. The resignation was not motivated by a disagreement with the Registrant on any matter relating to the Registrant's operations, policies or practices.

On February 1, 2012 Matt Kelly, an American businessman, based in New York U.S.A., joined the Board of Directors and was appointed Secretary, Treasurer and Chief Financial Officer of the Registrant.

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ITEM 1A.  RISK FACTORS

Not applicable to smaller reporting companies

ITEM 1B.  UNRESOLVED STAFF COMMENTS

None.

ITEM 2.  PROPERTIES

As of the dates specified in the following table, Bravo Enterprises Ltd. held the following property in the following amounts:

Property	December 31, 2012		December 31, 2011
Cash and equivalents	$	86,781	$	90

Bravo Enterprises Ltd. defines cash equivalents as all highly liquid investments with a maturity of 3 months or less when purchased. Bravo Enterprises Ltd. does not presently own any interests in real estate. Bravo Enterprises Ltd. does not presently own any inventory or equipment.

We do not own any real property.  As of August 1, 2012, Bravo Enterprises Ltd. has leased 1250 sq. ft of office space from Holm Investments Ltd. at $2,500 per month for a period of 3 years.

Bravo Enterprises Ltd.’s principal corporate offices are located at 35 South Ocean Avenue

Patchogue, NY, 11772 Fax – 1 888 265 0498 Phone – 1 888 488 6882

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ITEM 3.  LEGAL PROCEEDINGS

On February 21, 2002, the Company issued 350,000 shares valued at $119,000 to Empire Sterling Corporation for services to be rendered with respect to the acquisition of ACGT Corporation.  The shares were to be held in trust and not sold until all necessary financing was in place to complete the ACGT acquisition. Empire Sterling Corporation breached the trust agreement and the Company placed a stop transfer on these shares and requested they be returned to the Company. Empire Sterling Corporation failed to return the share certificate and as such, the Company commenced court proceedings against the principals of Empire Sterling Corporation. The Company argued for an interim injunction against all parties and was successful. On May 9, 2002, the Court ordered Empire Sterling Corporation to deposit the shares with the Court pending judicial disposition.  The Company continued to file legal process claiming ownership of the shares and breach of trust inter alia. The Company was successful and has now applied to have the share certificate released and subsequently cancelled.  As of December 31, 2012, the Company is still in the legal process of having the certificate released.

ITEM 4.  MINE SAFETY DISCLOSURES

Not applicable

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PART II

ITEM 5.  MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES

As at December 31, 2012 there were approximately 2,000 holders of the outstanding shares of the Bravo Enterprises Ltd. $0.001 par value common stock.  Bravo Enterprises Ltd. participates in the OTC Bulletin Board Electronic Quotation System maintained by the National Association of Securities Dealers, Inc., under the most recent trading symbol "OGNG".  According to quotes provided by quotemedia.com, the Bravo Enterprises Ltd.'s common stock has closed at:

Quarter	High		Low
2010 First Quarter	$	0.01	$	0.01
2010 Second Quarter	$	0.01	$	0.01
2010Third Quarter	$	0.01	$	0.01
2010 Fourth Quarter	$	0.01	$	0.01
2011 First Quarter	$	0.0043	$	0.0025
2011 Second Quarter	$	0.0184	$	0.012
2011Third Quarter	$	0.032	$	0.012
2011 Fourth Quarter	$	0.0099	$	0.002
2012 First Quarter	$	0.0085	$	0.0025
2012 Second Quarter	$	0.05	$	0.02
2012 Third Quarter	$	0.06	$	0.02
2012 Fourth Quarter	$	0.215	$	0.015

Such quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not represent actual transactions.

The public may read and copy any materials filed with the SEC at the SEC's Public Reference Room at 450 Fifth Street NW, Washington, D.C. 20549. The public may also obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC. The address of that site is http://www.sec.gov.

Common Stock. Bravo Enterprises Ltd. is authorized to issue 500,000,000 shares of common stock, $.001 par value, each share of common stock having equal rights and preferences, including voting privileges. The shares of $.001 par value common stock of Bravo Enterprises Ltd. constitute equity interests in Bravo Enterprises Ltd. entitling each shareholder to a pro rata share of cash distributions made to shareholders, including dividend payments.  As of December 31, 2012, 147,178,530 shares of the Bravo Enterprises Ltd. common stock were issued and outstanding.

The holders of Bravo Enterprises Ltd.'s common stock are entitled to one vote for each share of record on all matters to be voted on by shareholders. There is no cumulative voting with respect to the election of directors of Bravo Enterprises Ltd. or any other matter, with the result that the holders of more than 50% of the shares voted for the election of those directors can elect all of the Directors.

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The holders of Bravo Enterprises Ltd.'s common stock have no conversion, preemptive or other subscription rights, and there are no redemption provisions applicable to Bravo Enterprises Ltd.'s common stock.  All of the outstanding shares of Bravo Enterprises Ltd.'s common stock are duly authorized, validly issued, fully paid and non-assessable.

Dividends. The holders of the Bravo Enterprises Ltd. 's common stock are entitled to receive dividends when, as and if declared by Bravo Enterprises Ltd. 's Board of Directors from funds legally available therefore; provided, however, that cash dividends are at the sole discretion of Bravo Enterprises Ltd. 's Board of Directors. In the event of liquidation, dissolution or winding up of Bravo Enterprises Ltd. the shareholders of common stock are entitled to share ratably in all assets remaining available for distribution to them after payment of liabilities of Bravo Enterprises Ltd. and after provision has been made for each class of stock, if any, having preference in relation to Bravo Enterprises Ltd.'s common stock. Bravo Enterprises Ltd. has never declared or paid any dividends on its common stock.  Bravo Enterprises Ltd. does not intend to declare or pay any dividends in the foreseeable future.

Sales of Securities

In April, 2012, a majority of the shareholders entitled to vote on such matters approved a change of name from Organa Gardens International Inc. to “Bravo Enterprises Ltd.” and a one-for-twenty (1:20) stock split of all of this Company’s outstanding common stock, without any change in par value for the shares of common stock of this Company. The stock split did not include a change in the authorized capital of the Company. On April 23, 2012, a Certificate of Amendment to its Articles of Incorporation was filed with the State of Nevada changing the name to Bravo Enterprises Ltd., effective June 1, 2012.  As advised on May 9, 2012, the Company’s CUSIP Number changed from 68618Y 10 6 to 10567L 10 7. On June 8, 2012, the Company began to trade as Bravo Enterprises Ltd. under the same trading symbol being “OGNG”. Pre-split the total shares outstanding was 61,796,467 and post-split the total shares outstanding was 3,089,823.

(1)    2012 Stock Transactions- During the year ended December 31, 2012:

(a)  The Company issued 4,500,000 restricted common shares valued at $99,450 pursuant to deferred compensation agreements.

(b)  The Company issued 120,000,000 restricted common shares valued at $1,492,743 pursuant to the exclusive licensing agreement acquiring the manufacturing and distribution rights for the air to water harvester units.

(c)  The Company issued a total of 19,000,000 common shares pursuant to the exercise of options under the Company’s 2012 Stock Incentive and Option Plan. These shares were issued at $0.013 per share for cash in the amount of $50,000 and to satisfy debt to related parties in the amount of $197,000.

(d) The Company issued 625,000 restricted common shares for cash in the amount of $50,000 pursuant to a private placement subscription agreement. The Company received an additional $5,000 pursuant to a private placement subscription agreement and issued the 62,500 restricted common shares to the subscriber subsequent to year end.

(2)     2011 Stock Transactions -During the year ended December 31, 2011:

(a)    The Company issued 25,000 restricted common shares valued at $125 to a new director for his services.

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(b)  The Company issued 6,950,000 restricted common shares valued at $99,300 pursuant to deferred compensation agreements.

(c)  The Company issued a total of 2,345,000 common shares pursuant to the exercise of options under the Company’s 2009 Stock Incentive and Option Plan. 1,650,000 shares were issued at $0.02 per share to satisfy debt to related parties in the amount of $33,000 and 695,000 shares were issued at $0.01 per share for consulting services totaling $6,950.

(d)  The Company issued 9,800,000 common shares pursuant to the Company’s 2011 Stock. Incentive and Option Plan with a value of $78,000 for satisfaction of debt to related parties.

(3)  2012 Stock Options   The Company issued a total of 19,000,000 common shares pursuant to the exercise of options under the Company’s 2012 Stock Incentive and Option Plan. These shares were issued at $0.013 per share for cash in the amount of $50,000 and to satisfy debt to related parties in the amount of $197,000. The Company’s stock option activity is as follows:

	Number of options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in years)
Balance, December 31, 2011		-			-		-
Granted during 2012		26,000,000			0.013		5.00
Exercised during 2012		(19,000,000	)		0.013
Balance, December 31, 2012		7,000,000			0.013		5.00

On December 7, 2012 the Company filed Registration Statements on Form S-8 to register 26,000,000 to be issue pursuant to the Company’s  2012 Stock. Incentive and Option Plan. All 26,000,000 shares have been granted and 19,000,000 have been exercised under the December 2012 Stock Option Plan.

The fair value of 7,000,000 of the common stock options granted during the year was measured at the grant date using the Black-Scholes option pricing model with the following weighted average assumptions:

Expected dividend yield	0	%
Risk-free interest rate	4.99	%
Expected volatility	164.35	%
Expected option life (in years)	1

The Company recognized stock-based compensation of $70,000 in accordance with SFAS 123R which represented the fair value of stock options granted to consultants in exchange for services rendered to the Company.

(4)  2011 Stock Options The Company issued a total of 2,345,000 common shares pursuant to the exercise of options under the Company’s 2009 Stock Incentive and Option Plan. 1,650,000 shares were issued at $0.02 per share to satisfy debt to related parties in the amount of $33,000 and 695,000 shares were issued at $0.01 per share for consulting services. The Company issued 9,800,000 common shares pursuant to the Company’s 2011 Stock. Incentive and Option Plan with a value of $78,000 for satisfaction of debt to related parties.

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The Company’s stock option activity is as follows:

	Number of options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in years)
Balance, December 31, 2007		-			-		-
Granted during 2008		419,300			0.11		5.00
Exercised during 2008		(419,300	)		0.11
Balance, December 31, 2008		-			-		-
Granted during the period		8,498,000			0.01
Exercised during the period		(8,498,000	)		0.01
Balance, December 31, 2009		-			-		-
Granted during 2010		9,361,033			0.01
Exercised during 2010		(9,361,033	)		0.01
Balance, December 31, 2010		-			-		-
Granted during the period		12,145,000			0.01
Exercised during the period		(12,145,000	)		0.01
Balance, December 31, 2011		-			-		-

On June 30, 2011 the Company filed Registration Statements on Form S-8 to register 9,800,000 to be issue pursuant to the Company’s 2011 Stock. Incentive and Option Plan. All 9,800,000 shares have been granted and exercised under the June 2011 Stock Option Plan.

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ITEM 6.  SELECTED FINANCIAL DATA

FINANCIAL HIGHLIGHTS

Fiscal Year Ended December 31	2012			2011
Revenue	$	2,995		$ Nil
Operating Loss		(302,218	)		(147,748	)
Net Loss		(302,218	)		(202,130	)
Basic net loss per share		0.03			0.08
Cash dividends declared per share		-			-
Cash, cash equivalents,  and short-term investments		86,781			90
Total assets		1,667,141			8,331
Long-term obligations		-			-
Stockholders’ equity (deficit)		1,090,942			(554,374	)

ITEM 7.  MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

This following information specifies certain forward-looking statements of management of the company. Forward-looking statements are statements that estimate the happening of future events are not based on historical fact. Forward-looking statements may be identified by the use of forward-looking terminology, such as "may", "shall", "will", "could", "expect", "estimate","anticipate", "predict", "probable", "possible", "should", "continue", or similar terms, variations of those terms or the negative of those terms. The forward-looking statements specified in the following information have been compiled by our management on the basis of assumptions made by management and considered by management to be reasonable. Our future operating results, however, are impossible to predict and no representation, guaranty, or warranty is to be inferred from those forward-looking statements.

The assumptions used for purposes of the forward-looking statements specified in the following information represent estimates of future events and are subject to uncertainty as to possible changes in economic, legislative, industry, and other circumstances. As a result, the identification and interpretation of data and other information and their use in developing and selecting assumptions from and among reasonable alternatives require the exercise of judgment. To the extent that the assumed events do not occur, the outcome may vary substantially from anticipated or projected results, and, accordingly, no opinion is expressed on the achievability of those forward-looking statements. No assurance can be given that any of the assumptions relating to the forward-looking statements specified in the following information are accurate, and we assume no obligation to update any such forward-looking statements.

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Liquidity and Capital Resources.

For the year ended December 31, 2012, we had total assets of $1,587,141, compared to total assets in 2011 of $8,331. This includes a cash balance of $86,781, compared to $90 in 2011. We also have taxes recoverable of $1,233, accounts receivable of $3,354, available for sale securities with a fair value of $3,030 as at December 31, 2012 and intangible assets of $1,492,743 representing the exclusive license agreement to manufacture and distribute the air to water harvester units worldwide. The increase in assets was due the acquisition of the licensing agreement.

At December 31, 2012, we had current liabilities of $496,199, which was represented by accounts payable and accrued liabilities of $494,057 and $2,142 due to related parties. At December 31, 2011 we had current liabilities of $562,705. The decrease in liabilities was due to a decrease in amounts due to related parties.  At December 31, 2012, we had a working capital deficiency of $(404,831) (2011 - $(560,493).

We do not believe that our current cash resources will be able to maintain our current operations for an extended period of time. We will be required to raise additional funds or arrange for additional financing over the next 12 months to adhere to our development schedule.  No assurance can be given, however, that we will have access to additional cash in the future, or that funds will be available on acceptable terms to satisfy our working capital requirements. If we are not able to arrange for additional funding or if our officers, directors and shareholders stop advancing funds to us, we may be forced to make other arrangements for financing such as loans or entering into strategic alliances. We have not identified any alternative sources of financing.

Results of Operations

We realized $2,995 in income in 2012 from the sale of water harvester units ($Nil – 2011). During the year ended December 31, 2012 the loss is $302,218 (2011 - $202,130). This increase in loss was due to a increase in management and consulting fees and stock based compensation.

From inception to December 31, 2011 Bravo Enterprises Ltd. has incurred cumulative net losses of $25,201,690 resulting primarily from the write-down of $3,815,655 in its interests in oil and gas properties, write-down of $1,406,000 in its interest in ACGT Corporation, write-down of $258,580 of its investment in Legacy Platinum Group Inc., write-down of its investment in Terralene Fuels Corporation of $15,768 and also as a result of selling, general and administrative expenses including a litigation settlement of $2,291,070; management and consulting fees of $5,014,218, stock based compensation of $1,989,869; office and general expenses of $2,928,361; professional fees of $1,217,981; interest expense of $98,282, research & development costs of $278,231 and software development costs of $737,300. In addition, we received $130,000 in property option income as a recorded value of certain restricted shares in Terralene Fuels Corporation

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The cash and equivalents constitute our present internal sources of liquidity. Because we are not generating any significant revenues, our only external source of liquidity is the sale of our capital stock and any advances from officers, directors or shareholders.

Our Plan of Operation for the Next Twelve Months

We do anticipate that we will need to raise additional capital within the next 12 months in order to continue as a going concern.  We will need to fund the manufacturing and distribution of the air to water harvester units. To the extent that additional capital is raised through the sale of equity or equity- related securities, the issuance of such securities could result in dilution of our stockholders.  There can be no assurance that additional funding will be available on favorable terms, if at all.  If adequate funds are not available within the next 12 months, we may be required to curtail our operations significantly or to obtain funds through entering into arrangements with collaborative partners or others that may require us to relinquish rights to certain of our assets that we would not otherwise relinquish.

Bravo Enterprises Ltd. does not anticipate some expenditures within the next 12 months for further development of the air to water harvester units .The Company may elect to raise funds for further research and development through equity financing or possible joint venture partnerships. Bravo Enterprises Ltd. does not anticipate any significant exploration costs within the next 12 months, nor does the Bravo Enterprises Ltd. anticipate that it will lease or purchase any significant equipment within the next 12 months. Bravo Enterprises Ltd. does not anticipate a significant change in the number of its employees within the next 12 months.

ITEM 7A.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Securities held in our equity and other investments portfolio and equity derivatives are subject to price risk, and generally are not hedged.

16

ITEM 8.    FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholders

Bravo Enterprises Ltd.

New York, USA

We have audited the accompanying balance sheets of Bravo Enterprises Ltd. (formerly Organa Gardens International Inc.) (a development stage company) as of December 31, 2012 and 2011, and the related statements of operations, stockholders’ (deficit), cash flows and other comprehensive loss for each of the years in the two-year period ended December 31, 2012 and for the cumulative period from January 1, 1996 (inception of development stage) through to December 31, 2012.  Bravo Enterprises Ltd.’s management is responsible for these financial statements. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States).Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.  The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting.  Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting.  Accordingly, we express no such opinion.  An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.  An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.  We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Bravo Enterprises Ltd. as of December 31, 2012 and 2011, and the results of its activities and cash flows for each of the years in the two-year period ended 2012 and for the cumulative period from January 1, 1996 (inception) to December 31, 2012 in conformity with accounting principles generally accepted in the United States of America.

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the financial statements, the Company’s current liabilities exceed current assets, has incurred significant losses since inception and further losses are anticipated, all of which raise substantial doubt about the Company’s ability to continue as a going concern.  Management’s plans in regards to these matters are also described in Note 1. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

/s/ L.L. Bradford & Company, LLC

Las Vegas, Nevada

April 15, 2013

F-1

BRAVO ENTERPRISES LTD.

(formerly Organa Gardens International Inc.)

(A Development Stage Company)

BALANCE SHEETS

	December 31, 2012			December 31, 2011
ASSETS
CURRENT ASSETS
Cash	$	86,781		$	90
Taxes recoverable		1,233			2,122
Accounts receivable - related party		2,683			-
Accounts receivable		671			-
TOTAL CURRENT ASSETS		91,368			2,212
AVAILABLE FOR SALE SECURITIES – related parties		3,030			6,119
INTANGIBLE ASSETS		1,492,743			-
TOTAL ASSETS	$	1,587,141		$	8,331
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
CURRENT LIABILITIES
Accounts payable and accrued liabilities	$	494,057		$	483,634
Due to related parties		2,142			79,071
TOTAL CURRENT LIABILITIES		496,199			562,705
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY (DEFICIT)
Convertible preferred stock:
- Class A voting stock, $0.001 par value, 5,000,000 shares authorized					-
- Class B voting stock, $0.001 par value, 5,000,000 shares authorized					-
Common stock, $.001 par value, 500,000,000 shares authorized
147,178,530 (December 31, 2011 – 3,052,323) shares issued and outstanding		147,178			61,046
Additional paid-in capital		26,214,714			24,341,653
Shares to be issued		93,000			-
Subscriptions receivable		(80,000	)		-
Deferred compensation		(84,160	)		(62,590	)
Deficit accumulated during the development stage		(20,741,057	)		(20,438,839	)
Deficit accumulated prior to the development stage		(4,460,633	)		(4,460,633	)
Accumulated other comprehensive income		1,900			4,989
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT)		1,090,942			(554,374	)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	$	1,587,141		$	8,331

The accompanying notes are an integral part of these financial statements

F-2

BRAVO ENTERPRISES LTD.

(formerly Organa Gardens International Inc.)

(A Development Stage Company)

STATEMENTS OF OPERATIONS

	Year ended December 31,  2012			Year ended December 31, 2011			Cumulative from January 1, 1996 (inception of development stage) to December 31, 2012
REVENUES – Water Unit Sales - related party	$	2,396		$	-		$	2,396
Water Unit Sales - other		599			-			599
COST OF GOODS SOLD		1,500			-			1,500
GROSS PROFIT		1,495			-			1,495
GENERAL AND ADMINISTRATIVE EXPENSES
Litigation settlement		-			-			2,291,070
Management and consulting fees		109,050			36,046			5,014,668
Consulting fees – stock based compensation		70,000			-			1,989,869
Exploration costs		-			-			113,678
Loss on settlement of debt		-			-			718,784
General and administrative		86,279			86,463			2,928,361
Professional fees		38,384			25,239			1,217,981
Interest expense		-			-			98,282
Research and development costs		-			-			285,231
Software development costs		-			-			737,300
TOTAL GENERAL AND ADMINISTRATIVE EXPENSES		303,713			147,748			15,395,224
OTHER (INCOME) EXPENSES
Interest, royalty and other income		-			-			(82,138	)
(Gain)/loss on sale of securities – related parties		-			-			(21,541	)
Property Option Income		-			-			(130,000	)
Write-down of securities - Legacy Platinum Group Inc.		-			51,469			258,580
Write-down of securities - Terralene Fuels Corporation		-			2,909			15,768
Write-down of interest in ACGT Corporation		-			-			1,406,000
Write-down of interest in oil and gas properties		-			4			3,815,659
Loss on Iceberg Drive Inn investment		-			-			85,000
TOTAL OTHER (INCOME) EXPENSES		-			54,382			5,347,328
Loss before income taxes		(302,218	)		(202,130	)		(20,741,057	)
Income tax provision		-			-			-
NET LOSS	$	(302,218	)	$	(202,130	)	$	(20,741,057	)

BASIC AND DILUTED NET LOSS PER SHARE	$	(0.03	)	$	(0.08	)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING		13,653,008			2,436,168

The accompanying notes are an integral part of these financial statements

F-3

BRAVO ENTRPISES LTD.

(An Exploration Stage Company)

STATEMENT OF STOCKHOLDERS’ EQUITY

FOR THE PERIOD FROM JANUARY 1, 1996 (INCEPTION OF EXPLORATION STAGE) TO DECEMBER 31, 2012

	Number Of Shares			Amount		Additional Paid In Capital			Accumulated Other Comprehensive Income (Loss)		Deferred Compensation		Subscriptions		Treasury Stock			Promissory Notes Receivable		Deficit Accumulated During The Exploration Stage			Total
Balance, January 1, 1996		208			-	$	4,361,900		$	-	$	-	$	-	$	(199,167	)	$	-	$	(4,460,633	)	$	(297,900	)
Shares issued to settle litigation – Jan. 9, 1996		21			-		2,469,882			-		-		-		-			-		-			2,469,882
					-		-			-		-		-		-					-			-
Net loss for the year ended December 31, 1996		-			-		-			-		-		-		-			-		(2,726,232	)		(2,726,232	)
Balance, December 31, 1996		229			-		6,831,782			-		-		-		(199,167	)		-		(7,186,865	)		(554,250	)
Shares issued to settle note payable and accrued interest –Jan. 25, 1997		208			-		477,000			-		-		-		-			-		-			477,000
Shares issued for services at $1,801.20 per share – April 15, 1997		23			-		41,250			-		-		-		-			-		-			41,250
Shares issued for services at $610.00 per share – May 26, 1997		173			-		105,500			-		-		-		-			-		-			105,500
Net loss for the year ended December 31, 1997		-			-		-			-		-		-		-			-		(93,933	)		(93,933	)
Balance, December 31, 1997		633			-		7,455,532			-		-		-		(199,167	)		-		(7,280,798	)		(24,433	)
Shares issued for services at $288.00 per share – Dec. 28, 1998		83			-		24,000			-		-		-		-			-		-			24,000
Shares issued for services at $120.00 per share – Dec. 28, 1998		6			-		750			-		-		-		-			-		-			750
Net loss for the year ended December 31, 1998		-			-		-			-		-		-		-			-		(45,655	)		(45,655	)
Balance, December 31, 1998		722			-		7,480,282			-		-		-		(199,167	)		-		(7,326,453	)		(45,338	)
					-		-			-		-		-		-					-			-
Shares issued for services at $547.60 – Dec. 28, 1999		67			-		36,500			-		-		-		-			-		-			36,500
Net loss for the year ended December 31, 1999		-			-		-			-		-		-		-			-		(26,218	)		(26,218	)
Balance, December 31, 1999		789			-		7,516,782			-		-		-		(199,167	)		-		(7,352,671	)		(35,056	)
Correction of treasury stock		-					(199,167	)		-		-		-		199,167			-		-			-
Shares issued for software development at $720.00 per share– March 23, 2000		833			1		599,999			-		-		-		-			-		-			600,000
Shares issued for services and interest at $240.00 per share –Sept. 22, 2000		55			-		13,250			-		-		-		-			-		-			13,250
Shares issued for interest in oil and gas property at $696.00 per share – Sept. 22, 2000		2,292			3		1,594,997			-		-		-		-			-		-			1,595,000
Shares issued for services and advances at $1,008.00 per share – Sept. 24, 2000		304			-		306,600			-		-		-		-			-		-			306,600
Shares issued for services at $1,800.00 per share – Nov. 6, 2000		198			-		355,800			-		-		-		-			-		-			355,800
Share reconciliation		(1	)		-		(1	)		-		-		-		-			-		-			(1	)
Net loss for the year ended December 31, 2000		-			-		-			-		-		-		-			-		(1,223,108	)		(1,223,108	)
Balance, December 31, 2000		4,470			4		10,188,260			-		-		-		-			-		(8,575,779	)		1,612,485

F-4

Common stock subscriptions, 417 shares at $1,680.00 per
share, net of finder’s fee of $70,000 – Jan. 30, 2001			-	-		-	-		-	630,000			-		630,000
Shares issued for Harvester Property finder’s fee at $1,402.80 per share – Feb. 27, 2001	21		-	29,250		-	-		-	-			-		29,250
Shares issued for debt at $1,728.00 per share – March 27, 2001	180		-	310,517		-	-		-	-			-		310,517
Shares issued for cash at $1,200.00 per share – July 13, 2001	146		-	175,000		-	-		-	-			-		175,000
Shares issued for debt at $1,200.00 per share – Aug. 15, 2001	181		-	217,229		-	-		-	-			-		217,229
Common stock subscriptions, 2 shares at $1,200.00 per share– July 10, 2001	-		-	-		-	-		-	3,000			-		3,000
Shares issued for cash at $648.00 per share, net of finder’s fee of $30,000 – Oct. 12, 2001	417		1	269,999		-	-		-	-			-		270,000
Shares issued for debt at $960.00 per share – Nov. 5, 2001	220		-	211,333		-	-		-	-			-		211,333
Shares issued for deferred compensation at $1,127.80 per share –Nov. 15, 2001	83		-	94,000		-	(94,000	)	-	-			-		-
Deferred compensation expense recorded in the year	-		-	-		-	3,917		-	-			-		3,917
Net loss for the year ended December 31, 2001	-		-	-		-	-		-	-			(3,120,340	)	(3,120,340	)
Balance, December 31, 2001	5,718		5	11,495,588		-	(90,083	)	-	633,000		-	(11,696,119	)	342,391
Shares returned to treasury and cancelled – Jan. 21, 2002	(20	)	-	(9,500	)	-	-		-	-			-		(9,500	)
Shares issued from stock subscriptions – Jan. 31, 2002	417		1	629,999		-	-		-	(630,000	)		-		-
Shares issued for services at $816.00 per share – Feb. 19, 2002	382		-	311,478		-	-		-	-			-		311,478
Shares issued for acquisition of rights at $792.00 per share –March 6, 2002	1,667		2	1,319,998		-	-		-	-			-		1,320,000
Shares issued for services at $816.00 per share – March 31, 2002	146		-	119,000		-	-		-	-			-		119,000
Shares issued for services at $336.00 per share – May 21, 2002	1,790		2	601,608		-	-		-	-			-		601,610
Shares returned to treasury and cancelled – June 5, 2002	(42	)	-	(33,000	)	-	-		-	-			-		(33,000	)
Shares issued for cash at $1,200.00 per share – Sept. 5, 2002	2		-	3,000		-	-		-	(3,000	)		-		-
Shares issued for services at $192.00 per share – Sept 5, 2002	883		1	169,599		-	-		-	-			-		169,600
Shares issued for fees at $192.00 per share – Sept. 5, 2002	167		-	32,000		-	-		-	-			-		32,000
Shares issued for deferred compensation at $28.80 per share – Dec. 13, 2002	27,083		28	779,972		-	(780,000	)	-	-			-		-
Shares issued for services at $28.80 per share – Dec. 16, 2002	15,375		15	442,785		-	-		-	-			-		442,800
Deferred compensation expense recorded in the year	-		-	-		-	44,707		-	-			-		44,707
Net loss for the year ended December 31, 2002	-		-	-		-	-		-	-			(3,360,353	)	(3,360,353	)
Balance, December 31, 2002	53,568		54	15,862,527		-	(825,376	)	-	-		-	(15,056,472	)	(19,267	)
Shares issued for stock options at $36.00  – Jan. 2, 2003	1,250		1	44,999		-	-		-	-			-		45,000
Shares issued for stock options at $36.00 –Jan. 24, 2003	417		-	15,000		-	-		-	-			-		15,000
Shares issued for stock options at $36.00 –Feb.18, 2003	416		-	15,000		-	-		-	-			-		15,000
Shares issued for stock options at $36.00 – Feb.25, 2003	1,042		1	37,499		-	-		-	-			-		37,500
Shares issued for stock options at $36.00 – Mar.3, 2003	8,125		8	292,492		-	-		-	-			-		292,500
Shares returned to treasury and cancelled – Mar. 6, 2003	(5	)	-	(5,500	)	-	-		-	-			-		(5,500	)
Shares issued for cash at $30.00 per share – Mar. 17,2003	3,333		3	99,997		-	-		-	-			-		100,000
Shares issued for stock options at $36.00 – May 12, 2003	2,917		4	104,996		-	-		-	-			-		105,000
Shares issued for stock options at $36.00 – May 30, 2003	2,916		3	104,997		-	-		-	-			-		105,000
Shares issued for stock options at $7.20 – June 13, 2003	3,750		4	26,996		-	-		-	-			-		27,000
Shares issued for stock options at $7.20 – June 23, 2003	1,250		1	8,999		-	-		-	-			-		9,000

F-5

Shares issued for stock options at $7.20 – June 26, 2003	417		-		3,000		-	-		-		-		-		3,000
Shares returned to treasury and cancelled – July 11, 2003	(3,333	)	(3	)	(39,997	)	-	-		-		-		-		(40,000	)
Shares issued for stock options at $7.20 – July 24, 2003	1,354		1		9,749		-	-		-		-		-		9,750
Shares issued for stock options at $7.20 – August 1, 2003	1,146		1		8,249		-	-		-		-		-		8,250
Shares issued for stock options at $7.20 – August 3, 2003	417		-		3,000		-	-		-		-		-		3,000
Shares issued for stock options at $7.20 – August 11, 2003	937		1		6,749		-	-		-		-		-		6,750
Shares issued for stock options at $7.20 – August 14, 2003	312		-		2,250		-	-		-		-		-		2,250
Shares issued for stock options at $9.60 – August 14, 2003	1,771		2		16,998		-	-		-		-		-		17,000
Shares issued for stock options at $9.60 - August 29, 2003	5,313		5		50,995		-	-		-		-		-		51,000
Shares issued for services at $18.00 per share – October 3, 2003	4,611		5		82,995		-	-		-		-		-		83,000
Shares issued for stock options at $11.40 – October 3, 2003	7,083		7		80,743		-	-		-		-		-		80,750
Shares issued for stock options at $11.40 – October 6, 2003	2,500		3		28,497		-	-		-		-		-		28,500
Shares issued for stock options at $9.60– October 21, 2003	6,667		7		63,993		-	-		-		-		-		64,000
Shares issued for stock options at $6.60 - October 24, 2003	1,852		2		12,222		-	-		(10,984	)	-		-		1,240
Shares issued for stock options at $5.40 – October 27, 2003	6,667		7		35,993		-	-		(36,000	)	-		-		-
Shares issued for mining property at $10.80 – October 27, 2003	833		1		8,999		-	-		-		-		-		9,000
Shares issued for stock options at $4.80 – November 3, 2003	7,250		7		34,793		-	-		(34,800	)	-		-		-
Shares issued for stock options at $4.80 – November 12, 2003	8,333		8		39,992		-	-		(40,000	)	-		-		-
Shares issued for stock options at $4.80 – November 13, 2003	3,083		3		14,797		-	-		(14,800	)	-		-		-
Shares issued for stock options at $4.80 – November 18, 2003	10,750		11		51,589		-	-		(51,600	)	-		-		-
Shares issued for stock options at $4.80 – November 24, 2003	9,148		9		43,901		-	-		(43,910	)	-		-		-
Shares returned to treasury and cancelled – December 15, 2003	(1,000	)	(1	)	(17,999	)	-	-		-		-		-		(18,000	)
Stock Based Compensation	-		-		651,000		-	-		-		-		-		651,000
Deferred compensation expense recorded in the year	-		-		-		-	352,332		-		-		-		352,332
Net loss for the year ended December 31, 2003	-		-		-		-	-		-		-		(2,170,465	)	(2,170,465	)
Balance, December 31, 2003	155,090		155		17,800,510		-	(473,044	)	(232,094	)	-	-	(17,226,937	)	(131,410	)
Shares issued for services at $7.20 – January 15, 2004	17,500		17		125,983		-	(126,000	)	-		-		-		-
Share subscriptions received – January 21, 2004	-		-		-		-	-		232,094		-		-		232,094
Shares issued for debt at $6.60 – February 11, 2004	25,833		26		170,474		-	-		-		-		-		170,500
Shares issued for mineral property at $6.60 – February 27, 2004	16,667		16		109,984		-	-		-		-		-		110,000
Shares issued for debt at $4.80 – May 26, 2004	41,666		42		199,958		-	-		-		-		-		200,000
Shares issued for stock options at $3.60 – July 7, 2004	22,917		23		82,477		-	-		-		-		-		82,500
Shares returned and cancelled – July 9, 2004	(3,500	)	(4	)	(18,996	)	-	-		-		-		-		(19,000	)
Shares issued for stock options at $4.80 – September 17, 2004	16,666		17		79,983		-	-		-		-		-		80,000
Shares returned and cancelled – September 28, 2004	(16,666	)	(17	)	(79,983	)	-	-		-		-		-		(80,000	)
Shares issued for stock options at $3.60 – September 28, 2004	18,750		19		67,481		-	-		-		-		-		67,500
Shares issued for services at $7.20  – October 1, 2004	1,667		2		12,998		-	(13,000	)	-		-		-		-
Shares issued for stock options at $4.80 – October 7, 2004	10,000		10		47,990		-	-		-		-		-		48,000
Shares issued for stock options at $4.80 – November 22, 2004	55,000		55		263,945		-	-		-		-		-		264,000
Shares issued for stock options at $4.80 – November 23, 2004	11,667		11		55,989		-	-		-		-		-		56,000
Shares returned and cancelled – November 23, 2004	(5,000	)	(5	)	(23,995	)	-	-		-		-		-		(24,000	)
Shares returned and cancelled – November 24, 2004	(1,083	)	(1	)	(10,499	)	-	-		-		-		-		(10,500	)

F-6

Shares issued for salaries – December 1, 2004	1,667		2		19,998		-		-		-	-		-		20,000
Shares returned and cancelled – November 23, 2004	(33,333	)	(33	)	(159,967	)	-		-		-	-		-		(160,000	)
Shares issued for stock options at $4.80 - December 8, 2004	20,833		21		99,979		-		-		-	-		-		100,000
Shares issued for stock options at $4.80 - December 13, 2004	7,917		8		37,992		-		-		-	-		-		38,000
Shares issued for stock options at $4.80 - December 16, 2004	12,917		13		61,987		-		-		-	-		-		62,000
Stock Based Compensation	-		-		338,500		-		-		-	-		-		338,500
Deferred compensation expense recorded in the year	-		-		-		-		418,582		-	-		-		418,582
Unrealized losses on available for sale securities	-		-		-		(10,000	)	-		-	-		-		(10,000	)
Net loss for the year ended December 31, 2004	-		-		-		-		-		-	-		(1,678,056	)	(1,678,056	)
Balance, December 31, 2004	377,175		377		19,282,788		(10,000	)	(193,462	)	-	-	-	(18,904,993	)	174,710
Shares issued for stock options at $16.80 – January 20, 2005	8,333		8		139,992		-		-		-	-		-		140,000
Shares issued for stock options at $15.60 – January 21, 2005	5,000		5		77,995		-		-		-	-		-		78,000
Shares issued for services at $15.60 – January 21, 2005	833		1		12,999		-		-		-	-		-		13,000
Shares issued for cash at $3.00 – February 4, 2005, net of finder’s  fee of $130,900  (Note (1))	99,167		99		761,501		-		-		-	-		-		761,600
Shares issued for finder’s fees at $13.20 – February 7, 2005 (Note 7(1))	29,917		30		394,870		-		-		-	-		-		394,900
Shares issued for services at $13.20 – February 7, 2005	4,167		4		54,996		-		-		-	-		-		55,000
Shares issued for stock options at $12.00 - February 10, 2005	1,083		1		12,999		-		-		-	-		-		13,000
Shares issued for services at $10.80 – February 17, 2005	1,667		2		17,998		-		-		-	-		-		18,000
Shares issued for stock options at $10.80 – February 25, 2005	417		-		4,500		-		-		-	-		-		4,500
Shares issued for stock options at $10.80 – March 22, 2005	3,133		3		33,837		-		-		-	-		-		33,840
Shares issued for stock options at $8.40 – April 7, 2005	4,167		4		34,996		-		-		-	-		-		35,000
Shares issued for stock options at $6.60 - April 21, 2005	8,333		8		54,992		-		-		-	-		-		55,000
Shares issued for stock options at $7.80 – May 17, 2005	7,500		8		58,492		-		-		-	-		-		58,500
Shares issued for stock options at $6.60 -  April 29, 2005	4,167		4		27,496		-		-		-	-		-		27,500
Shares issued for stock options at $7.80 – May 26, 2005	10,833		11		84,489		-		-		-	-		-		84,500
Shares issued for stock options at $7.80 – June 14, 2005	4,167		4		32,496		-		-		-	-		-		32,500
Shares issued for stock options at $7.80 – June 28, 2005	5,416		5		42,245		-		-		-	-		-		42,250
Shares issued for services at $8.40 – June 28, 2005	6,666		7		55,993		-		-		-	-		-		56,000
Shares issued for stock options at $7.20 – August 10, 2005	10,250		10		73,790		-		-		-	-		-		73,800
Shares issued for stock options at $7.20 – August 11, 2005	2,083		2		14,998		-		-		-	-		-		15,000
Shares returned and cancelled– August 30, 2005	(2,083	)	(2	)	(16,248	)	-		-		-	-		-		(16,250	)
Shares issued for stock options at $6.60 – August 12, 2005	28,750		29		189,721		-		-		-	-		-		189,750
Shares issued for stock options at $6.60 – September 14, 2005	4,250		4		28,046		-		-		-	-		-		28,050
Shares issued for stock options at $6.60 – September 22, 2005	4,166		4		27,496		-		-		-	-		-		27,500
Shares issued for stock options at $6.60 – October 12, 2005	4,083		4		26,946		-		-		-	-		-		26,950
Shares issued for stock options at $7.80 – November 30, 2005	1,667		2		12,998		-		-		-	-		-		13,000
Shares issued for stock options at $6.60 – December 21, 2005	4,700		5		31,015		-		-		-	-		-		31,020
Stock based compensation	-		-		620,640		-		-		-	-		-		620,640
Deferred compensation expense recorded in the year	-		-		-		-		125,172		-	-		-		125,172
Unrealized losses on available for sale securities	-		-		-		(90,000	)	-		-	-		-		(90,000	)
Net loss for the year ended December 31, 2005	-		-		-		-		-		-	-		(1,950,963	)	(1,950,963	)
Balance December 31, 2005	640,007		639		22,195,076		(100,000	)	(68,290	)	-	-	-	(20,855,956	)	1,171,469

F-7

Shares issued for stock options at $6.60 – January 16, 2006	3,333			3			21,997			-			-			-			-		-			-			22,000
Shares issued for stock options at $6.60 – February 6, 2006	3,333			3			21,997			-			-			-			-		-			-			22,000
Shares issued for stock options at $6.60 – February 23, 2006	1,667			2			10,998			-			-			-			-		-			-			11,000
Shares issued for services at $7.20 – January 21, 2006	1,667			2			11,998			-			-			-			-		-			-			12,000
Shares issued for cash at $2.00 – May 12, 2006, net of fees and expenses of  $151,455 (Note (1))	133,333			133			648,412			-			-			-			-		-			-			648,545
Shares issued for finder’s fees – May 6, 2006 - (Note 7(1))	20,000			20			(20	)		-			-			-			-		-			-			-
Shares issued for services at $7.20– May 23, 2006	833			1			7,499			-			-			-			-		-			-			7,500
Shares issued for stock options at $7.20 – May 24, 2006	1,667			2			11,998			-			-			-			-		-			-			12,000
Shares issued for services at $9.00 – May 25, 2006	8,333			8			74,992			-			(75,000	)		-			-		-			-			-
Shares returned on reduction of finders’ fee – September 27, 2006 (Note 7(1))	(6,666	)		(6	)		6			-			-			-			-		-			-			-
Shares issued for stock options at $6.00 – October 2, 2006	94,583			95			567,405			-			-			-			-		(567,500	)		-			-
Shares issued for stock options at $6.00 – October 3, 2006	8,750			9			52,491			-			-			-			-		(52,500	)		-			-
Shares issued for services at $6.00 – November 1, 2006	8,000			8			47,992			-			(48,000	)		-			-		-			-			-
Shares issued for services at $7.20 – December 12, 2006	1,167			1			8,399			-			-			-			-		-			-			8,400
Stock based compensation	-			-			241,000			-			-			-			-		-			-			241,000
Interest accrued on promissory notes receivable	-			-			-			-			-			-			-		(15,500	)		-			(15,500	)
Deferred compensation expense recorded in the year	-			-			-			-			134,492			-			-		-			-			134,492
Unrealized losses on available for sale securities	-			-			-			(8,889	)		-			-			-		-			-			(8,889	)
Net loss for the year ended December 31, 2006	-			-			-			-			-			-			-		-			(738,090	)		(738,090	)
Balance December 31, 2006	920,007			920			23,922,240			(108,889	)		(56,798	)		-			-		(635,500	)		(21,594,046	)		1,527,927
Shares issued for services at $5.40 – January 16, 2007	166			-			900			-			-			-			-		-			-			900
Shares returned against promissory notes – April 25, 2007	(36,666	)		(37	)		(219,963	)		-			-			-					220,000			-			-
Shares issued for stock options at $6.00 – April 26, 2007	13,333			13			79,987			-			-			(30,000	)		-					-			50,000
Shares issued for stock options at $6.00 – June 5, 2007	3,333			3			19,997			-			-			(20,000	)		-					-			-
Shares issued for services at $ 4.80 – June 12, 2007	6,667			7			31,993			-			-			-			-					-			32,000
Shares returned against promissory notes – June 19, 2007	(41,666	)		(42	)		(249,958	)		-			-			-					250,000			-			-
Shares issued for stock options at $6.00 - July 15, 2007	833			1			4,999			-																	5,000
Shares returned against promissory notes – August 15, 2007	(6,666	)		(7	)		(39,993	)													40,000						-
Shares issued for services at $4.80 – August 15, 2007	6,666			7			31,993			-			(32,000	)		-			-					-			-
Shares issued for stock options at $4.20 – September 21, 2007	1,667			1			6,999			-			-			-			-					-			7,000
Shares issued for stock options at $4.20 – September 26, 2007	2,083			2			8,748			-			-			-			-					-			8,750
Shares issued for stock options at $3.40 – October 30, 2007	5,000			5			16,995																				17,000
Shares issued for stock options at $3.40 – November 1, 2007	10,000			10			33,990																				34,000
Shares issued for stock options at $3.40 – December 20, 2007	8,000			8			27,192									(25,500	)										1,700
Shares cancelled - December 31, 2007	(8,333	)		(8	)		8																				-
Shares cancelled - December 31, 2007	(8,333	)		(8	)		(49,992	)								50,000											-
Shares returned and cancelled - December 31, 2007	(7,500	)		(7	)		(25,493	)								25,500											-
Share reconciliation	50			-			-																				-
Stock based compensation							52,149																				52,149
Settlement of promissory notes including interest																					125,500						125,500
Deferred compensation expense recorded in the year													39,798														39,798
Unrealized gains on available for sale securities										614,942																	614,942
Net loss for the year ended December 31, 2007	-			-			-			-			-			-			-					(593,789	)		(593,789	)
Balance December 31, 2007	868,641		$	868		$	23,652,791		$	506,053		$	(49,000	)	$	-		$	-	$	-		$	(22,187,835	)	$	1,922,877

F-8

Shares issued for stock options at $2.60 – January 4, 2008	10,000	10		25,990																	26,000
Shares issued for services at $2.20 – February 27, 2008	2,500	2		5,498																	5,500
Shares issued for stock options at $2.00 – July 18, 2008	10,965	11		21,919																	21,930
Shares issued for services at $2.20 – September 12, 2008	1,250	1		1,749																	1,750
Stock based compensation				16,579																	16,579
Deferred compensation expense recorded in the year									32,000												32,000
Unrealized gains on available for sale securities						340,936															340,936
Net loss for the year ended December 31, 2008	-	-		-		-			-			-		-				(1,871,917	)		(1,871,917	)
Balance December 31, 2008	893,356	892	$	23,724,526	$	846,989		$	(17,000	)	$	-	$	-	$	-	$	(24,059,752	)	$	495,655
Balance, December 31, 2008	893,356	892		23,725,500		846,989			(17,000	)		0		0		0		(24,059,752	)		495,591
Shares issued for cash at $1.40 -April 9, 2009	10,000	10		13,990																	14,000
Shares issued for cash at $2.00 -April 9, 2009	12,500	12		24,988																	25,000
Shares issued for cash at $2.00 -April 27, 2009	2,500	3		4,997																	5,000
Shares issued hydroponic vertical farming design valued at $0.03 - June 9,2009	175,000	175		104,825																	105,000
Shares issued for stock options at $ 0.60 – July 21, 2009	25,000	25		14,975																	15,000
Shares issued for stock options at $ 0.60 – August 7, 2009	100,000	100		59,900																	60,000
Shares issued for stock options at $ 0.60 – August 10, 2009	750	1		449																	450
Shares issued for stock options at $ 0.60 – August 25, 2009	50,500	51		30,249																	30,300
Shares issued for stock options at $ 0.60 – September 1, 2009	3,250	3		1,947																	1,950
Shares issued for stock options at $ 0 60 – September 8, 2009	25,000	25		14,975																	15,000
Shares issued for stock options at $ 0.60 – September 14, 2009	14,150	14		8,476																	8,490
Shares issued for stock options at $ 0.60 – September 17, 2009	5,000	5		2,995																	3,000
Shares issued for stock options at $ 0.60 – September 23, 2009	147,500	148		88,352																	88,500
Shares issued for stock options at $ 0.60 – October 22, 2009	45,000	45		26,955																	27,000
Shares issued for deferred compensation at $ 0.31 – November 18, 2009	25,000	25		7,575					(7,600	)											-
Shares issued for stock options at $ 0.40 – December 16, 2009	8,750	9		3,491																	3,500
Deferred compensation expense									8,844												8,844
Unrealized losses on available for sale securities						(795,927	)														(795,927	)
Net loss																		(420,380	)		(420,380	)
Balance, December 31, 2009	1,543,256	1,543		24,134,639		51,062			(15,756	)		0		0		0		(24,480,132	)		(308,644	)
Shares issued for stock options at $ 0.20 – January 25, 2010	40,250	40		8,010																	8,050
Shares issued for stock options at $ 0.20 – March 9, 2010	15,000	15		2,985																	3,000
Shares issued for stock options at $ 0.20 – March 23, 2010	5,000	5		995																	1,000
Shares issued for stock options at $ 0.20 – April 15, 2010	50,000	50		9,950																	10,000
Shares issued for deferred compensation at $ 0.10 – May 26, 2010	50,000	50		4,950					(5,000	)											0
Shares issued for stock options at $0.06 - October 27, 2010	20,000	20		1,180																	1,200
Shares issued for stock options at $0.05 - November 24, 2010	337,802	338		14,525																	14,863
Shares issued for debt to related parties at $0.20- December 9, 2010	35,015	35		6,968																	7,003
Deferred compensation expense									14,628												14,628
Unrealized gains on available for sale securities						46,795															46,795
Write down of securities						(91,682	)														(91,682	)
Net loss																		(217,210	)		(217,210	)
Balance, December 31, 2010	2,096,323	2,096		24,184,202		6,174			(6,128	)								(24,697,342	)		(510,998	)

F-9

Shares issued for services at $0.10 - January  13, 2011	1,250	1	124										125
Shares issued for debt to related parties at $0.40 - April 1, 2011	82,500	83	32,917										33,000
Shares issued for services at $0.20 - April 18, 2011	34,750	35	6,915										6,950
Shares issued for deferred compensation at $ 0.30 – July 7, 2011	325,000	325	97,175				(97,500	)					0
Shares issued for debt to related parties at $0.24 - August 2, 2011	70,000	70	16,730										16,800
Shares issued for debt to related parties at $0.24 - August 15, 2011	90,000	90	21,510										21,600
Shares issued for debt to related parties at $0.24 - August 19, 2011	75,000	75	17,925										18,000
Shares issued for debt to related parties at $0.24 - September 12, 2011	35,000	35	8,365										8,400
Shares issued for deferred compensation at $ 0.30 – December 1, 2011	22,500	22	1,778				(1,800	)					0
Shares issued for debt to related parties at $0.06 - December 29, 2011	220,000	220	12,980										13,200
Deferred compensation expense							42,838						42,838
Unrealized gains on available for sale securities					53,193								53,193
Write down of securities					(54,378	)							(54,378	)
Net loss											(202,130	)	(202,130	)
Balance, December 30, 2011	3,052,323	3,052	24,400,621		4,989		(62,590	)			(24,899,472	)	(553,400	)
Shares issued for deferred compensation at $ 0.0221 – September 14, 2012	4,500,000	4,500	94,950				(99,450	)					0
Shares issued for license - water harvester units at $0.013 - December 6, 2012	120,000,000	120,000	1,372,743										1,492,743
Shares issued for debt to related parties($145,000) & cash ($50,000)at $0.013 - December 11, 2012	15,000,000	15,000	180,000										195,000
Shares issued for debt to related parties = December 13, 2012	4,000,000	4,000	48,000										52,000
Shares issued for cash at $.08 - December 13, 2012	625,000	625	49,375										50,000
Shares to be issued									93,000				93,000
Share subsriptions receivable - 800,000 shares at $0.10									(80,000	)			(80,000	)
Stock Based Compensastion			70,000										70,000
Deferred compensation expense							77,880						77,880
Unrealized (loss) gains on available for sale securities					(3,089	)							(3,089	)
Net loss											(302,218	)	(302,218	)
Share reconciliation and rounding after 1:20 reverse split June 7, 2012	1,207	1	(975	)									(974	)
Balance, December 31, 2012	147,178,530	147,178	26,214,714		1,900		(84,160	)	13,000		(25,201,690	)	1,090,942

The accompanying notes are an integral part of these financial statements

F-10

BRAVO ENTERPRISES LTD.

(formerly Organa Gardens International Inc.)

(A Development Stage Company)

STATEMENTS OF CASH FLOWS

	Year ended December 31, 2012			Year ended December 31, 2011			January 1, 1996-inception of devlopment stage to December 31, 2012
Net loss for the year	$	(302,318	)	$	(202,130	)	$	(20,741,157	)
Adjustments to reconcile net loss to net cash from operating activities:
- fees and services paid for with common shares		85,880			49,913			3,577,518
- non cash research and development		-			-			105,000
- other stock based compensation		70,000			-			1,989,468
- interest paid for with common shares		-			-			80,872
- loss on settlement of debt		-			-			718,784
- software development costs paid for with common shares		-			-			600,000
-  non cash exploration costs		-			-			110,000
- write-down of interest in oil and gas properties		-			4			2,970,722
- write-down of equities in Legacy Platinum Group Inc.		-			51,469			258,580
- write-down of equities in Terralene Fuels Corporation		-			2,909			15,768
- write-down of interest in ACGT Corporation		-			-			2,250,937
- loss on Iceberg Drive Inn investment		-			-			85,000
- (gain)/loss on securities held for resale		-			-			(21,816	)
- non cash option income received in shares		-			-			(130,000	)
- interest accrued on promissory notes receivable		-			-			(63,136	)
- other non-cash expenses		-			-			2,557,382
- net changes in working capital items		(68,953	)		(3,605	)		256,301

CASH FLOWS USED IN OPERATING ACTIVITIES		(215,391	)		(101,440	)		(5,379,777	)
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received on promissory notes		-			-			63,136
Investment in Iceberg Acquisition Corporation		-			-			(120,000	)
Proceeds from sale of securities – related party		-			-			136,790
Interest in oil and gas properties – net of finders fees		-			-			(1,522,804	)
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES		-			-			(1,442,878	)
CASH FLOWS FROM FINANCING ACTIVITIES
Net proceeds on sale of common stock		105,000			-			5,203,325
Net advances (to) from related parties		197,082			101,480			1,286,111
Advances receivable		-			-			420,000
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES		302,802			101,480			6,909,436
INCREASE (DECREASE) IN CASH		86,691			40			86,781
CASH, BEGINNING OF YEAR		90			50			-
CASH, END OF YEAR	$	86,781		$	90		$	86,781

The accompanying notes are an integral part of these financial statements

F-11

BRAVO ENTERPRISES LTD.

(formerly Organa Gardens International Inc.)

(A development stage company)

STATEMENTS OF OTHER COMPREHENSIVE (LOSS)

	For the years ended December 31,						For the period from January 1, 1996 to December 31
	2012			2011			2012
NET LOSS	$	(302,218	)	$	(202,130	)	$	(20,741,057	)
Unrealized gains on related party securities		(3,089	)		(1,185	)		1,900
TOTAL OTHER COMPREHENSIVE INCOME (LOSS), net of tax		(3,089	)		(1,185	)		1,900
COMPREHENSIVE (LOSS)	$	(305,307	)	$	(203,315	)	$	(20,739,157	)

The accompanying notes are an integral part of these financial statements

F-12

BRAVO ENTERPRISES LTD.

(formerly Organa Gardens International Inc.)

 (A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS

 DECEMBER 31, 2012 AND 2011

NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION

The Company was incorporated as Venture Investments Inc. under the Laws of the State of Nevada on November 29, 1983.  The Company underwent a name change to Asdar Group on December 10, 1987, a name change to Precise Life Sciences Ltd. on April 30, 2002, a name change to Iceberg Brands Corporation on February 18, 2003, a name change to Avalon Gold Corporation on August 28, 2003, a name change to Avalon Energy Corporation on March 22, 2005, a name change to Shotgun Energy Corporation on September 25, 2007 and a name change to Organa Gardens International Inc. on February 26, 2009 and a name change to Bravo Enterprises Ltd. on June 1, 2012. The Company was dormant from 1991 to 1996 and currently has no revenue generating operations. The Company was considered a development stage company since January 1, 1996 and as a result of changing its business focus to air to water harvesting units is considered to be a development stage company. Expected operations will consist of manufacturing and distributing air to water harvesting units worldwide.

Going Concern

The financial statements have been prepared on the basis of a going concern which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.  The Company has not generated any revenues or completed development of any commercially acceptable products or services to date and has incurred losses of  $25,201,690 since inception.  The Company will depend almost exclusively on outside capital through the issuance of common shares to finance ongoing operating losses and to fund the manufacture and distribution of the air to water harvesting units.  The ability of the Company to continue as a going concern is dependent on raising additional capital and ultimately on generating future profitable operations.  There can be no assurance that the Company will be able to raise the necessary funds when needed to finance its ongoing costs.  These factors raise substantial doubt about the ability of the Company to continue as a going concern.  The accompanying financial statements do not include any adjustments relative to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result from the outcome of this uncertainty.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

The accompanying financial statements are presented in United States dollars and are prepared in accordance with accounting principles generally accepted in the United States.

Use of Estimates and Assumptions

Preparation of the Company’s financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

F-13

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Concentration of Credit Risk

Cash in bank accounts is at risk to the extent that it exceeds U.S.Federal Deposit Insurance Corporation and Canadian Deposit Insurance Corporation insured amounts. To minimize risk, the Company places its cash with high credit quality institutions. All cash is deposited in one prominent Canadian financial institution.

Fair Value of Financial Instruments

The Company’s financial instruments include cash, receivables, available-for-sale securities and due to related parties.  Management believes the fair values of these financial instruments approximate their carrying values due to their short-term nature.

The Company adopted ASC Topic 820-10 for all financial assets and liabilities and nonfinancial assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring basis (at least annually).  Topic 820-10 defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements Topic 820-10 defines fair value as the price that would be received upon sale of an asset or paid upon transfer of a liability in an orderly transaction between market participants at the measurement date and in the principal or most advantageous market for that asset or liability. The fair value should be calculated based on assumptions that market participants would use in pricing the asset or liability, not on assumptions specific to the entity. In addition, the fair value of liabilities should include consideration of non-performance risk including our own credit risk.

In addition to defining fair value, Topic 820-10 expands the disclosure requirements around fair value and establishes a fair value hierarchy for valuation inputs. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.  Each fair value measurement is reported in one of the three levels which is determined by the lowest level input that is significant to the fair value measurement in its entirety. These levels are:

*  Level 1 – inputs are based upon unadjusted quoted prices for identical instruments traded in active markets.

* Level 2 – inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

* Level 3 – inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models, and similar techniques.

In general, and where applicable, we use quoted prices in an active market for identical derivative assets and liabilities that are traded on exchanges. These derivative assets and liabilities are included in Level 1.

F-14

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

The application of the three levels of the fair value hierarchy under Topic 820-10-35 to our assets and liabilities are described below:  

	Fair Value Measurements
	Level 1		Level 2		Level 3		Total Fair Value
Assets
Cash	$	86,781	$	-	$	-	$	425,380
Taxes recoverable		1,233						1,233
Accounts Receivable		3,354						3,354
Available securities		3,030		-		-		3,030
Intangible Assets		-		-		1,492,743		1,492,743
Total	$	94,398	$	-	$	1,492,743	$	1,587,141
Liabilities
Current and related party	$	496,199	$	-	$	-	$	496,199
Total	$	496,199	$	-	$	-	$	496,199

Foreign Currency Translation

The financial statements are presented in United States dollars.  In accordance with ASC Topic 830 “Foreign Currency Matters”, foreign denominated monetary assets and liabilities are translated to their United States dollar equivalents using foreign exchange rates that prevailed at the balance sheet date.  Non-monetary assets and liabilities are translated at exchange rates prevailing at the transaction date. Revenue and expenses are translated at average rates of exchange during the year.  Related translation adjustments are reported as a separate component of stockholders’ equity, whereas gains or losses resulting from foreign currency transactions are included in results of operations.

Available For Sale Securities – related parties

The Company holds marketable equity securities which are available-for-sale and as such, their carrying value is adjusted to market at the end of each reporting period.  As required by ASC Topic 220 (formerly SFAS 130),, unrealized gains and losses on these investments are recorded as a component of accumulated other comprehensive income (loss) and are recorded as a component of net income (loss) when realized.  However, if there is a permanent decline in the market value of available-for-sale securities, this permanent market value adjustment is taken into income in the period.

Stock-Based Compensation

On January 1, 2006, the Company adopted the fair value recognition provisions of ASC Topic 718 & 505.  Prior to January 1, 2006, the Company accounted for share-based payments under the recognition and measurement provisions of ASC Topic 718. In accordance with ASC Topic 718 no compensation cost was required to be recognized for options granted that had an exercise price equal to the market value of the underlying common stock on the date of grant. . The Company uses the Black-Scholes pricing model to calculate the fair value of options and warrants issued to both employees and non-employees. Stock issued for compensation is valued using the market price of the stock on the date of the related agreement.

In addition, deferred stock compensation related to non-vested options is required to be eliminated against additional paid-in capital. The Company accounts for equity instruments issued in exchange for the receipt of goods or services from other than employees in accordance with ASC Topic 718 & 505.  Costs are measured at the estimated fair market value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably measurable.

Research and Development Costs

Expenditure on research activities, undertaken with the prospect of obtaining new scientific or technical knowledge and understandings are expensed as incurred and include costs of consultants who conduct research and development on behalf of the Company.

F-15

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Intangible Assets

Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 350 , “Intangibles-Goodwill and Other” requires that goodwill and intangible assets with indefinite useful lives no longer be amortized, but instead tested for impairment at least annually in accordance with the provisions of ASC 350. This standard also requires that intangible assets with definite useful lives be amortized over their respective estimated useful lives to their estimated residual values, and reviewed for impairment. The Company's intangible assets consist of the acquisition of the license to import and distribute wine & liquor products and various brands and labels. The Company determined that the intangibles have an estimated useful life of 18 years and will be reviewed annually for impairment. Amortization will be recorded over the estimated useful life of the assets using the straight-line method for financial statement purposes. The Company will commence amortization when the economic benefits of the assets begin to be consumed in January, 2013. Other intangibles are carried at acquisition cost less accumulated amortization. Amortization is provided over the estimated useful lives of the assets on straight line basis per annum.

Definite life intangible assets are tested for recoverability whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable. These tests involve the use of estimates and assumptions appropriate in the circumstances. In assessing fair value, valuation models are used that include discounted cash flows. The models use assumptions that include levels of growth in assets under management from net sales and market, pricing and margin changes, synergies achieved on acquisition, discount rates, and observable data for comparable transactions. As of December 31, 2012, the Company believed there was no impairment of its intangible assets and recorded the value of the intangible in the amount of $1,492,743 (2011- $Nil).

Income Taxes

The Company follows the liability method of accounting for income taxes as set forth in ASC Topic 740-10. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax balances.  Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those differences are expected to be recovered or settled.  The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment or substantive enactment.  A valuation allowance is provided for deferred tax assets if it is more likely than not that the Company will not realize the future benefit, or if the future deductibility is uncertain. In accordance with ASC 740-10. This interpretation introduces a new approach that changes how enterprises recognize and measure tax benefits associated with tax positions and how enterprises disclose uncertainties related to income tax positions in their financial statements.

Revenue Recognition

Sales are recognized upon purchase by customers at our product facility. All sales at our product facility are final, allowing for no sales returns.

As at December 31, 2012, $3,354 (2011 - $Nil) is in accounts receivable from the sale of water units.

Recent Accounting Pronouncements

There have been no recent accounting pronouncements not yet adopted by the Company which would have a material impact on our financial statements.

The Company adopted certain amendments to Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements,” effective January 1, 2012. These amendments include a consistent definition of fair value, enhanced disclosure requirements for “Level 3” fair value adjustments and other changes to required disclosures. Their adoption did not have a material impact on the Company’s consolidated financial statements.

The Company adopted the amendments to ASC 220, “Comprehensive Income,” effective January 1, 2012. The amendments pertained to presentation and disclosure only.

The Company adopted the amendments to ASC 350, “Intangibles-Goodwill and Others,” effective January 1, 2012. The amended guidance allows us to do an initial qualitative assessment of relevant events and circumstances to determine if fair value of a reporting unit is more likely than not to be less than its carrying value, prior to performing the two-step quantitative goodwill impairment test. The adoption of these amendments did not have a material impact on the Company’s financial statements.

F-16

NOTE 3 – AVAILABLE FOR SALE SECURITIES – RELATED PARTIES

Terralene Fuels

During 2004, the Company received 111,111 restricted Rule 144 shares of Terralene Fuels Corporation (“Terralene Fuels”), a public company with directors and significant shareholders in common.  The restricted shares were received as non-refundable consideration pursuant to agreements with Terralene Fuels dated November 10, 2004 and December 10, 2004 to acquire certain mineral property interests from the Company.  These agreements were subsequently terminated.

Effective December 31, 2004 the Company recorded, as other comprehensive loss for the year, a $10,000 unrealized loss in the carrying value of its shares of Terralene Fuels.  During the years ended December 31, 2005 and 2006 the Company recorded additional unrealized losses in the carrying value of its shares of Terralene Fuels totalling $90,000 and $8,889 respectively, which were recorded as other comprehensive loss for those years.  During the year ended December 31, 2007, the Company sold 2,500 shares resulting in a realized gain of $165 and recorded an additional unrealized loss of $473 in 2007. During the year ended December 31, 2008, the Company sold 10,000 shares resulting in a realized loss of $800 and recorded an additional unrealized loss of $15,026 to December 31, 2008. As a result, the carrying value of the available for sale shares of Terralene Fuels is $2,712 as at December 31, 2008.

During the year ended December 31, 2009, the Company recorded an unrealized gain of $1,232. As a result, the carrying value of the available for sale shares of Terralene Fuels is $3,945 as at December 31, 2009.

During the year ended December 31, 2010, the Company sold Nil Terralene Fuels shares and recorded an unrealized gain of $11,774. As a result, the carrying value of the available for sale shares of Terralene Fuels is $2,860 as at December 31, 2010. Effective December 31, 2010, the Company recorded a $12,859 write-down of its investment in Golden due to an other-than-temporary decline in the value of the shares.

During the year ended December 31, 2011, the Company sold Nil Terralene Fuels shares and recorded an unrealized loss of $2,623. As a result, the carrying value of the available for sale shares of Terralene Fuels is $237 as at December 31, 2011. Effective December 31, 2011, the Company recorded a $2,909 write-down of its investment in Golden due to an other-than-temporary decline in the value of the shares.

During the year ended December 31, 2012, the Company sold Nil Terralene Fuels shares and recorded an unrealized loss of $148. As a result, the carrying value of the available for sale shares of Terralene Fuels is $89 as at December 31, 2012.

Legacy Platinum

During 2003 the Company settled an outstanding debt receivable of $122,988 from Legacy Mining Ltd. (“Legacy”) for the issue of 1,229,880 restricted shares of Legacy representing a then 9.8% interest in Legacy. During 2004, the Company wrote this investment down to $1 because management determined that it was not recoverable within a reasonable period of time.

Effective December 31, 2007, the Company recorded, as other comprehensive income for the year, a $604,440 unrealized gain in the carrying value of its shares of Legacy.

During the year ended December 31, 2008, the Company sold 150,000 Legacy shares resulting in a realized gain of $26,100 and recorded an additional unrealized gain of $270,562 to December 31, 2008. As a result, the carrying value of the available for sale shares of Legacy was $885,502 as at December 31, 2008.

During the year ended December 31, 2009, the Company sold 30,985 Legacy shares resulting in a realized loss of $2,987 (net of commissions of $595) and recorded an additional unrealized loss of $797,161 to December 31, 2009. As a result, the carrying value of the available for sale shares of Legacy is $ 62,934 as at December 31, 2009.

F-17

NOTE 3 – AVAILABLE FOR SALE SECURITIES – RELATED PARTIES

During the year ended December 31, 2010, the Company the Company received 2,627,440 restricted shares of Legacy valued to $131,372 pursuant to a debt settlement and sold Nil Legacy shares. The Company recorded an unrealized gain in the carrying value of its available-for-sale securities totaling $35,021, which was recorded as other comprehensive income (loss). As a result, the carrying value of the available for sale shares of Legacy is $58,822 as at December 31, 2010. Effective December 31, 2010, the Company recorded a $78,823 write-down of its investment in Legacy due to an other-than-temporary decline in the value of the shares.

During the year ended December 31, 2011, the Company sold Nil Legacy shares and recorded an unrealized loss of $52,939. As a result, the carrying value of the available for sale shares of Legacy is $5,882 as at December 31, 2011. Effective December 31, 2011, the Company recorded a $51,469 write-down of its investment in Legacy due to an other-than-temporary decline in the value of the shares.

During the year ended December 31, 2012, the Company sold Nil Legacy shares and recorded an unrealized loss of $2,941. As a result, the carrying value of the available for sale shares of Legacy is $2,941 as at December 31, 2011

Available for sale securities – related parties include the following:

	December 31,		December 31,
	2012		2011
3,676,335  (2011-3,676,335) shares of Legacy Platinum Group Inc.	$	2,941	$	5,882
98,612  (2011- 98,612) shares of Terralene Fuels Corporation		89		237
	$	3,030	$	6,119

NOTE 4 – INTANGIBLE ASSETS

On November 23, 2012, the Company signed an Exclusive Licensing Agreement with Water-For-The-World-Manufacturing Inc. of  Wellpinit, Washington with respect to its commercial atmospheric water harvester system.

Water-For-The-World-Manufacturing Inc. is a leader in the design, manufacture and distribution of water from air systems known as Air-to-Water Harvesters that extracts moisture from the air through a dehumidification process then filters and purifies the water for consumption. The company has developed a unique air drive system that will enable the machine not only to be powered through a conventional power source but also in emergency situations the machine can be powered directly from an engine using its patented drive system. The atmospheric water harvester can produce up to 3000 gallons of drinking water under optimum conditions.

Water-For-The-World-Manufacturing Inc. has appointed Bravo Enterprises Ltd. as its exclusive worldwide manufacturing and sales representative for the consideration of 120,000,000 restricted common shares of Bravo Enterprises Ltd. The company has proven concept and developed a production model exclusively for the generation of water for human consumption.

A portion of the 120,000,000 restricted common share consideration is being received by certain shareholders that also owned shares in Bravo Enterprises Ltd. prior to the November 23, 2012 agreement. The value of these shares considered a related party portion is $67,257 and as such, this amount has been eliminated from the transaction.

Intangible assets include the following:

Description	December 31,			December 31,
	2012			2011
18 year general license to manufacture and distribute water units	$	1,560,000		$	-
Less: related party portion of consideration for license		(67,257	)		-
Less: accumulated amortization		-			-
Balance	$	1,492,743		$	-

F-18

NOTE 5 – ACQUISITIONS

(a). On March 6, 2009, the Company signed an agreement to acquire all of the assets of Organa Gardens Inc.(OGI), a Nevada Corporation in the business of hydroponics vertical farming. These assets include, but are not limited to all proprietary designs, engineering, technology, business models, plans and intellectual properties pertaining to the Organa Garden System-Discovery (OGS-D) and the Organa Garden System-Enterprise (OGS-E). Both the OGS-D and OGS-E are a rotary hydroponics vertical farming system designed with serviceability, ease-of-use and maximum harvest in mind. Both models are modular, allowing them to be expanded by stacking them. Its specially designed waterwheel technology allows the fully automated system to recycle and reuse 95% of the water used while requiring a negligible amount of energy to run.

The Company was to issue up to 1,250,000 post-reverse split Rule 144 shares of its common stock to OGI, to be held in trust and released based on the following terms and gross revenue requirements:

(a) Release of 500,000 shares of the Company upon signing this Agreement.

(b) Release of 250,000 shares of the Company upon attaining $1,000,000 US in gross revenue.

(c) Release of 250,000 shares of the Company upon attaining $2,500,000 US in gross revenue.

(d) Release of 250,000 shares of the Company upon attaining $4,000,000 US in gross revenue.

The Company was to raise up to $500,000 US to market and fulfill the required obligations of OGI as outlined in the supplemental agreement(s) to follow. The Company and Organa Gardens Inc. agree to allow the shares to sit in trust for a period of 5 years in order for OGI to meet its sales goals. Should the requirements not be met in all or part, then all of the remaining shares will be returned back to the treasury of the Company.

However, On June 9, 2009, the Company signed an amended agreement to acquire all of the assets of Organa Gardens Inc., a Nevada Corporation in the business of hydroponics vertical farming. These assets include but are not limited to all proprietary designs, engineering, technology, business models, plans and intellectual properties pertaining to the Organa Garden System-Discovery (OGS-D) and the Organa Garden System-Enterprise (OGS-E).

Under the terms of the acquisition, the Company will issue 175,000 post-reverse split  restricted 144 shares to Organa Gardens Inc. and/or its nominees (issued) and render a cash commitment of up to $250,000 to complete the final steps of taking the OGS-D and OGS-E to market. This agreement replaces the agreement dated March 9, 2009.

All research and development costs are expensed as incurred and include costs of consultants who conduct research and development on behalf of the Company. For the years ended December 30, 2012 and 2011, the Company incurred $Nil in research and development costs. The Company has determined that it will no longer be proceeding with this project.

(b). On July 29, 2011, the Company has signed a Letter of Intent with Integrated Green Technologies LLC (IGT), of Fort Lauderdale, Florida to merge the two companies. A definitive agreement of the merger will be an exchange of restricted shares of the Company’s stock to IGT shareholders effecting a change of business which will still follow the Company’s green mandate. On August 17, 2011 the Company entered into a formal agreement with IGT and is currently conducting its due diligence. IGT is an industrial tools, machinery & equipment manufacturer including consumable supplies & materials. IGT is a distributor of heavy-duty blasting equipment and “green” environmentally safe mobile powder coating systems featuring the pending patent, Triplex Electrostatic/Electrostatic Thermal Spray/Non Electrostatic Thermal Spray and Powder Coating Spray and Conversion Device. The Company had advanced $8,000 to IGT for prepaid expenses as of December 31, 2011. The Company has written off this amount as of December 31, 2011. Upon completion of the due diligence process, the Company will issue a structured release of 3,000,000 post-reverse split restricted shares to be transferred under the Agreement. The structure shall be as follows: upon execution of the Agreement, 1,500,000 post-reverse split shares shall be issued immediately thereafter, an additional 750,000 post-reverse split shares shall be issued 120 days following the execution date and the balance of 750,000 post-reverse split shares shall be issued 240 days following the execution date. The Company is required to provide $250,000 in funding to IGT over a period of one year. As a result of the due diligence process, the Company is not proceeding with this acquisition due to complications with the current patent filed by IGT. Should IGT move forward and correct the deficiencies with the patent, the Company will re-consider the project.

F-19

NOTE 6 – DEFERRED COMPENSATION

On July 1, 2011 the Company entered into an agreement with Compte de Sierge Accomodative Corp. (“Compte”), a private company controlled by a significant shareholder, with an eighteen month term, whereby Compte provides investor relations services to the Company specific to the hydroponic vertical farming project (valued at $22,500) in exchange for 75,000 restricted shares of the Company’s common stock.  

On July 1, 2011, the Company entered into an agreement with Charlton Investments Ltd. (“Charlton”), a private company controlled by a significant shareholder, with a two-year term, whereby Charlton provides investment-banking services to the Company (valued at $30,000) in exchange for 100,000 restricted shares of the Company’s common stock.

On July 1, 2011, the Company entered into agreements with three consultants, for a twelve month term, whereby the consultants provide consulting services to the Company (valued at $45,000) in exchange for 150,000 shares of the Company’s common stock.

On December 1, 2011, the Company entered into an agreement with a consultant, for a twelve month term, whereby the consultant will provide consulting services to the Company (valued at $1,800) in exchange for 22,500 shares of the Company’s common stock.

On July 16, 2012 the Company entered into an agreement with Palisades Financial Ltd. (“Palisades”), a private company controlled by a significant shareholder, with a two year term, whereby Palisades provides investor relations services to the Company (valued at $27,625) in exchange for 1,250,000 restricted shares of the Company’s common stock.  

On July 16, 2012, the Company entered into an agreement with 1063244 Alberta Ltd. (“1063244”), a private company controlled by a significant shareholder, with a two-year term, whereby 1063244 provides investment-banking services to the Company (valued at $33,150) in exchange for 1,500,000 restricted shares of the Company’s common stock.

On July 16, 2012, the Company entered into agreements with two consultants, for a two year term, whereby the consultants provide consulting services to the Company (valued at $38,675) in exchange for 1,750,000 shares of the Company’s common stock.

The Company amortizes the costs of these services over the respective terms of the contracts.  During the years ended December 31, 2012 and 2011, the Company recorded amortization of deferred compensation totaling $77,880 and $42,838 respectively. As of December 31, 2012 the unamortized portion of the deferred compensation totaled $84,160. (December 31, 2011 - $62,590).

F-20

NOTE 7 - STOCKHOLDERS’EQUITY

In April, 2012, a majority of the shareholders entitled to vote on such matters approved a change of name from Organa Gardens International Inc. to “Bravo Enterprises Ltd.” and a one-for-twenty (1:20) stock split of all of this Company’s outstanding common stock, without any change in par value for the shares of common stock of this Company. The stock split did not include a change in the authorized capital of the Company. On April 23, 2012, a Certificate of Amendment to its Articles of Incorporation was filed with the State of Nevada changing the name to Bravo Enterprises Ltd., effective June 1, 2012. As advised on May 9, 2012, the Company’s CUSIP Number changed from 68618Y 10 6 to 10567L 10 7. On June 8, 2012, the Company began to trade as Bravo Enterprises Ltd. under the same trading symbol being “OGNG”. Pre-split the total shares outstanding was 61,796,467 and post-split the total shares outstanding was 3,089,823.

(1)     2012 Stock Transactions- During the year ended December 31, 2012:

(a)  The Company issued 4,500,000 restricted common shares valued at $99,450 pursuant to deferred compensation agreements. (See Note 6)

(b)  The Company issued 120,000,000 restricted common shares valued at $1,492,743 pursuant to the exclusive licensing agreement acquiring the manufacturing and distribution rights for the air to water harvester units. (See Note 4)

(c)  The Company issued a total of 19,000,000 common shares pursuant to the exercise of options under the Company’s 2012 Stock Incentive and Option Plan. These shares were issued at $0.013 per share for cash in the amount of $50,000 and to satisfy debt to related parties in the amount of $197,000 for a total of $247,000

(d)  The Company issued 625,000 restricted common shares for cash in the amount of $50,000 pursuant to a private placement subscription agreement. The Company received an additional $5,000 pursuant to a private placement subscription agreement and issued the 62,500 restricted common shares to the subscriber subsequent to year end. (See Note 12)

(2)     2011 Stock Transactions -During the year ended December 31, 2011:

(a)  The Company issued 25,000 restricted common shares valued at $125 to a new director for his services.

(b)  The Company issued 6,950,000 restricted common shares valued at $99,300 pursuant to deferred compensation agreements. (See Note 6)

(c)  The Company issued a total of 2,345,000 common shares pursuant to the exercise of options under the Company’s 2009 Stock Incentive and Option Plan. 1,650,000 shares were issued at $0.02 per share to satisfy debt to related parties in the amount of $33,000 and 695,000 shares were issued at $0.01 per share for consulting services totaling $6,950.

(d)  The Company issued 9,800,000 common shares pursuant to the Company’s 2011 Stock Incentive and Option Plan with a value of $78,000 for satisfaction of debt to related parties.

F-21

(3) 2012 Stock Options   The Company issued a total of 19,000,000 common shares pursuant to the exercise of options under the Company’s 2012 Stock Incentive and Option Plan. These shares were issued at $0.013 per share for cash in the amount of $50,000 and to satisfy debt to related parties in the amount of $197,000, for a total of 247,000. The Company’s stock option activity is as follows:

	Number of options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in years)
Balance, December 31, 2011		-			-		-
Granted during 2012		26,000,000			0.013		5.00
Exercised during 2012		(19,000,000	)		0.013
Balance, December 31, 2012		7,000,000			0.013		5.00

On December 7, 2012 the Company filed Registration Statements on Form S-8 to register 26,000,000 to be issue pursuant to the Company’s 2012 Stock. Incentive and Option Plan. All 26,000,000 shares have been granted and 19,000,000 have been exercised under the December 2012 Stock Option Plan.

The fair value of 7,000,000 of the common stock options granted during the year was measured at the grant date using the Black-Scholes option pricing model with the following weighted average assumptions:

Expected dividend yield	0	%
Risk-free interest rate	4.99	%
Expected volatility	164.35	%
Expected option life (in years)	1

The Company recognized stock-based compensation of $70,000 in accordance with SFAS 123R which represented the fair value of stock options granted to consultants in exchange for services rendered to the Company.

(4)     2011 Stock Options The Company issued a total of 2,345,000 common shares pursuant to the exercise of options under the Company’s 2009 Stock Incentive and Option Plan. 1,650,000 shares were issued at $0.02 per share to satisfy debt to related parties in the amount of $33,000 and 695,000 shares were issued at $0.01 per share for consulting services. The Company issued 9,800,000 common shares pursuant to the Company’s 2011 Stock. Incentive and Option Plan with a value of $78,000 for satisfaction of debt to related parties. The Company’s stock option activity is as follows:

	Number of options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in years)
Balance, December 31, 2007		-			-		-
Granted during 2008		419,300			0.11		5.00
Exercised during 2008		(419,300	)		0.11
Balance, December 31, 2008		-			-		-
Granted during the period		8,498,000			0.01
Exercised during the period		(8,498,000	)		0.01
Balance, December 31, 2009		-			-		-
Granted during 2010		9,361,033			0.01
Exercised during 2010		(9,361,033	)		0.01
Balance, December 31, 2010		-			-		-
Granted during the period		12,145,000			0.01
Exercised during the period		(12,145,000	)		0.01
Balance, December 31, 2011		-			-		-

As of December 31, 2010, there were no stock options available for grant under the Company’s 2006 Stock Incentive and Option Plan.

As of December 31, 2010, there were no stock options available for grant under the Company’s 2007 Stock Incentive and Option Plan.

As of December 31, 2010, there were no stock options available for grant under the Company’s two 2009 Stock Incentive and Option Plan.

As of December 31, 2010, there were no stock options available for grant under the Company’s 2011 Stock Incentive and Option Plan.

On June 30, 2011 the Company filed Registration Statements on Form S-8 to register 9,800,000 to be issue pursuant to the Company’s 2011 Stock Incentive and Option Plan. All 9,800,000 shares have been granted and exercised under the June 2011 Stock Option Plan.

F-22

NOTE 8– RELATED PARTY TRANSACTIONS

During the year ended December 31, 2012, the Company incurred $4,000 (2011 -$6,125) in management fees to directors.

During the year ended December 31, 2012 the Company incurred $32,507 (2011 - $31,572) in rent and office expenses to a private company controlled by a shareholder.

During the year ended December 31, 2012, significant shareholders and companies controlled by significant shareholders earned $77,880 (2011 - $42,838) pursuant to prepaid services agreements.

During the year ended December 31, 2012, the Company acquired a exclusive license to manufacture and distribute air-to-water harvester units for consideration of 120,000,000 restricted common shares of the Company valued at $1,560,000. A portion of the 120,000,000 restricted common share consideration is being received by certain shareholders that also owned shares in Bravo Enterprises Ltd. prior to the November 23, 2012 agreement. The value of these shares considered a related party portion is $67,257 and as such, this amount has been eliminated from the transaction, leaving a net value of $1,492,743 for the license.

During the year ended December 31, 2012, the Company had sales of water units to related parties in the amount of $2,396 (2011 - $Nil).

As at December 31, 2012, accounts receivable include $2,683 (2011 - $Nil) due from related parties from the sale of water units.

The following amounts are due to related parties at:

	December 31, 2012		December 31, 2011
Significant shareholders	$	2,142	$	79,071

All related party transactions are in the normal course of business and are measured at the exchange amount, which is the amount of consideration established and agreed to by the related parties. During the year, the Company issued shares pursuant to the exercise of stock options at $0.013 per share to satisfy debt to related parties in the amount of $197,000.

F-23

NOTE 9 – SUPPLEMENTAL CASH FLOW INFORMATION

	Year ended December 31, 2012		Year ended December 31, 2011
Cash paid during the year for:
Interest	$	-	$	-
Income taxes	$	-	$	-

During the year ended December 31, 2012 the Company issued:

*     4,500,000 restricted common shares valued at $99,450 pursuant to deferred compensation agreements. (See Note 6)

*     120,000,000 restricted common shares valued at $1,492,743 pursuant to the exclusive licensing agreement acquiringthe manufacturing and distribution rights for the air to water harvester units. (See Note 4)

*     19,000,000 common shares pursuant to the exercise of options under the Company’s 2012 Stock Incentive and Option Plan. These shares were issued at $0.013 per share for cash in the amount of $50,000 and to satisfy debt to related parties in the amount of $197,000.

*     625,000 restricted common shares valued at $50,000 pursuant to a private placement subscription agreement.

*     An additional $5,000 pursuant to a private placement subscription agreement and issued the 62,500 restricted common shares to the subscriber subsequent to year end.

During the year ended December 31, 2011 the Company issued:

·     25,000 restricted common shares valued at $125 to a new director for his services.

·     6,950,000 restricted common shares valued at $99,300 pursuant to deferred compensation agreements. (See Note 6)

·     9,800,000 common shares at $0.012 per share pursuant to the Company’s 2011 Stock. Incentive and Option Plan with a value of $78,000 for satisfaction of debt to related parties.

·     2,345,000 common shares pursuant to the exercise of options under the Company’s 2009 Stock Incentive and Option Plan. 1,650,000 shares were issued at $0.02 per share to satisfy debt to related parties in the amount of $33,000 and 695,000 shares were issued at $0.01 per share for consulting services.

F-24

NOTE 10 – COMMITMENTS AND CONTINGENCIES

On February 21, 2002, the Company issued 350,000 shares valued at $119,000 to Empire Sterling Corporation for services to be rendered with respect to the acquisition of ACGT Corporation (“ACGT”).  The shares were to be held in trust and not sold until all necessary financing was in place to complete the ACGT acquisition. Empire Sterling Corporation breached the trust agreement and the Company placed a stop transfer on these shares and requested they be returned to the Company. Empire Sterling Corporation failed to return the share certificate and as such, the Company commenced court proceedings against the principals of Empire Sterling Corporation. The Company argued for an interim injunction against all parties and was successful. On May 9, 2002, the Court ordered Empire Sterling Corporation to deposit the shares with the Court pending judicial disposition.  The Company continued to file legal process claiming ownership of the shares and breach of trust inter alia. The Company was successful and has now applied to have the share certificates released and subsequently cancelled. As of December 31, 2012, the Company is still in the process of having the certificates released.

In February, 2008, the Company received a demand notice from CGG Veritas for failure to pay an outstanding balance of $317,380 pursuant to a Master Agreement and Job Supplement for the Shotgun Draw 2D Seismic Program in Utah. In accordance with Section 15.3 of the Master Agreement and Job Supplement dated March 21, 2007, CGG has demanded payment by April 25, 2008. If CGG Veritas is forced to proceed with litigation of this matter, it will seek reimbursement of its attorneys’ fees and expenses related to the litigation. The Company is currently examining various alternatives to resolve this matter. CGG Veritas has not proceeded with litigation as of December 31, 2012.

As of August 1, 2012, the Company has leased 1250 sq. ft of office space from Holm Investments Ltd. at $2,500 per month for a period of 3 years.

Payments	2013		2014		2015		TOTAL
Office Rent	$	30,000	$	30,000	$	30,000	$	90,000

F-25

NOTE 11 – INCOME TAXES

Potential benefits of United States Federal income tax losses are not recognized in the accounts until realization is more likely than not. As of December 31, 2012, the Company has combined net operating losses carried forward totaling approximately $25,200,000 for tax purposes which expire through 2030. Availability of loss usage is subject to change of ownership limitations under Internal Revenue Code 382 for 2002 and prior year’s losses.  Pursuant to SFAS No. 109, the Company is required to compute tax asset benefits for net operating losses carried forward. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry forwards.

A reconciliation of income tax computed at the federal and state statutory tax rates is as follows:

	Year ended December 31, 2012			Year ended December 31, 2011
Federal income tax provision at statutory rate		(35.00	)%		(35.00	)%
State income tax provision at statutory rate, net of federal income tax effect		(0.00	)		(0.00	)
Total income tax provision rate		(35.00	)%		(35.00	)%

The actual income tax provisions differ from the expected amounts calculated by applying the federal income tax statutory rate to the Company’s loss before income taxes. The components of these differences are as follows:

	Year ended December 31, 2012			Year ended December 31, 2011
Loss before income taxes	$	(302,218	)	$	(202,130	)
Corporate tax rate		35.00	%		35.00	%
Expected tax expense (recovery)		(105,776	)		(70,746	)
Non-deductable stock based compensation		-			-
Unrecognized loss carry forward and other		-			-
Income tax provision	$	-		$	-

The Company’s tax-effected deferred income tax assets and liabilities are estimated as follows:

	2012			2011
Non-capital loss carry forwards	$	8,167,000		$	8,167,000
Valuation allowance		(8,167,000	)		(8,167,000	)
Net deferred tax asset	$	-		$	-

F-26

NOTE 12 – SUBSEQUENT EVENTS

The Company issued 80,000 restricted common shares valued at $8,000 pursuant to a consulting services agreement.

The Company issued 862,500 restricted common shares for cash in the amount of $85,000 ($5,000 received prior to December 31, 2012 and $80,000 received in January, 2013) pursuant to private placement subscription agreements.

In March, 2012, a majority of the shareholders entitled to vote on such matters approved an increase in the authorized common stock, $.001 par value from 200,000,000 authorized to 500,000,000 authorized.

F-27

ITEM 9.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

Not applicable.

ITEM 9A.  CONTROLS AND PROCEDURES EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

Management's Report on Internal Control over Financial Reporting

A company’s internal control over financial reporting is a process designed by, or under the supervision of, a public company’s principal executive and principal financial officers, or persons performing similar functions, and effected by the board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (“GAAP”) including those policies and procedures that: (i) pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the company, (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures are being made only in accordance with authorizations of management and directors of the company, and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the company’s assets that could have a material effect on the financial statements.

Management is responsible for establishing and maintaining adequate internal control over financial reporting. Our management, with the participation of our Chief Executive Officer and Chief Financial Officer, has assessed the effectiveness of our internal control over financial reporting as of December 31, 2012.  In making this assessment, our management used the criteria established in   Internal Control—Integrated Framework   issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Based on this assessment, management, with the participation of the Chief Executive and Chief Financial Officers, believes that, as of December 31, 2012, we did not maintain effective internal control over financial reporting.

This annual report does not include an attestation report of the Company’s independent registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the Company’s independent registered public accounting firm pursuant to temporary rules of the SEC that permit the Company to provide only management’s report in this annual report.

17

Code of Ethics

We intend to adopt a code of ethics in 2013 that applies to our principle executive officer, principal financial officer, principle accounting officer or controller, other persons performing similar functions. We intend to post the text of our code of ethics on our website in connection with our "Investor Relations" materials. In addition, we intend to promptly disclose (1) the nature of any amendment to our code of ethics that applies to our principle executive officer principal financial officer, principle accounting officer or controller, other persons performing similar functions (2) the nature of any wavier, including an implicit wavier, from a provision of our code of ethics that is granted to one of these specific officers, the name of such person who is granted the waiver and the date of the waiver on our web site in the future.

We do not currently have a code of ethics as this is a new regulatory requirement and we are examining the various form and contents of other companies written code of ethics, discussing the merits and meaning of a code of ethics to determine the best form for our Company.

ITEM 9B.  OTHER INFORMATION

Not applicable.

18

PART III

ITEM 10.    DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

Executive Officers and Directors. We are dependent on the efforts and abilities of certain of our senior management. The interruption of the services of key management could have a material adverse effect on our operations, profits and future development, if suitable replacements are not promptly obtained. We anticipate that we will enter into employment agreements with each of our key executives; however, no assurance can be given that each executive will remain with us during or after the term of his or her employment agreement. In addition, our success depends, in part, upon our ability to attract and retain other talented personnel. Although we believe that our relations with our personnel are good and that we will continue to be successful in attracting and retaining qualified personnel, there can be no assurance that we will be able to continue to do so. Our officers and directors will hold office until their resignation or removal.

Our directors and principal executive officers are as specified on the following table:

Name and Address	Age	Position	Date of Appointment
Jaclyn Cruz	37	President & Director & CEO	November 18, 2008
Matt Kelly	39	Secretary, Treasurer & Director  & CFO	February 1, 2012

The chart above specifies Bravo Enterprises Ltd. current officers and directors. All directors of the Company hold office until the next annual meeting or until their successors have been elected and qualified. All officers serve at the discretion of the Board of Directors. There are no familial relationships between our officers and directors.

Section 16(a) Beneficial Ownership Reporting Compliance. Not all of our officers, directors, and principal shareholders have filed all reports required to be filed by those persons on, respectively, a Form 3 (Initial Statement of Beneficial Ownership of Securities), a Form 4 (Statement of Changes of Beneficial Ownership of Securities), or a Form 5 (Annual Statement of Beneficial Ownership of Securities).

ITEM 11.  EXECUTIVE COMPENSATION

The following table sets forth the compensation paid by us for the last three fiscal years ending December 31, 2012 for each or our officers. This information includes the dollar value of base salaries, bonus awards and number of stock options granted, and certain other compensation, if any. The compensation discussed addresses all compensation awarded to, earned by, or paid to named officers.

19

SUMMARY COMPENSATION TABLE

Name and Principal Position	Year	Salary (US$)		Bonus (US$)		Stock Awards (US$)		Option Awards (US$)		Non-Equity Incentive Plan Compensation (US$)		Nonqualified Deferred Compensation Earnings (US$)		All Other Compensation (US$)		Total (US$)
Jaclyn	2009		1,660		0		1,750		0		0		0		0		0
Cruz	2010		500		0		0		0		0		0		0		0
President	2011		4,000		0		0		0		0		0		0		0
	2012		3,000		0		0		0		0		0		0		0
MattKelly Secretary	2012		1,000		0		0		0		0		0		0		0
Sharon
Deutsch
Director	2011		1,000		0		0		0		0		0		0		0
**	2012		0		0		0		0		0		0		0		0

** Sharon Deutch resigned as Secretary, Treasurer and Director on February 1, 2012. Her resignation was not the result of any disputes with Bravo Enterprises Ltd.

We have no employment agreements with any of our director and sole officer. We do not contemplate entering into any employment agreements until such time as we begin profitable operations. There is no assurance that we will ever generate revenues from our operations. The compensation discussed herein addresses all compensation awarded to, earned by, or paid to our named executive officer. There are no other stock option plans, retirement, pension, or profit sharing plans for the benefit of our officers and directors other than as described herein.

Stock-based Compensation. During the year ended December 31, 2012, $70,000 (2011-$Nil) in stock-based compensation was recorded in our financial statements. Stock-based compensation is an estimate of the intrinsic value placed in respect to stock options granted to officers, directors, employees and an estimate of the fair value of stock options granted to consultants using the Black-Scholes option pricing model. We do not expect further stock-based compensation in 2013.

20

ITEM 12.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

The following table sets forth certain information regarding the beneficial ownership of our common stock as of December 31, 2012, by each person or entity known by us to be the beneficial owner of more than 5% of the outstanding shares of common stock, each of our directors and named executive officers, and all of our directors and executive officers as a group.

Title of Class	Name of Beneficial Owner	Amount & Nature of Beneficial Owner		Percent of Class Common Stock
Jaclyn Cruz	P.O. Box 63		25,000		0.0006	%
President/Director/CEO	Farmingville, New York
	11738
Sharon Deutsch	35 South Ocean Ave.		-		0.00	%
Secretary /Director /CFO	Patchogue, New York
(resigned February 1, 2012)	11772
Matt Kelly	123 Van Horne Ave.		-		0.00	%
Secretary /Director /CFO	Holbrook, New York
(appointed February 1, 2012)	11741
All directors and Officers as a group			25,000		0.001	%

(1) The beneficial owners of these shares are not known to Bravo Enterprises Ltd. Beneficial ownership is determined in accordance with the rules of the Securities and Exchange Commission and generally includes voting or investment power with respect to securities. In accordance with Securities and Exchange Commission rules, shares of our common stock which may be acquired upon exercise of stock options or warrants which are currently exercisable or which become exercisable within 60 days of the date of the table are deemed beneficially owned by the optionees. Subject to community property laws, where applicable, the persons or entities named in the table above have sole voting and investment power with respect to all shares of our common stock indicated as beneficially owned by them.

No changes in the Company's internal controls over financial reporting occurred during the year ended December 31, 2012 and 2011 that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting.

21

ITEM 13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

During the year ended December 31, 2012, the Company incurred $4,000 (2011 -$6,125) in management fees to directors.

During the year ended December 31, 2012 the Company incurred $32,507 (2011 - $31,572) in rent and office expenses to a private company controlled by a shareholder.

During the year ended December 31, 2012, significant shareholders and companies controlled by significant shareholders earned $77,880 (2011 - $42,838) pursuant to prepaid services agreements.

During the year ended December 31, 2012, the Company acquired a exclusive license to manufacture and distribute air-to-water harvester units for consideration of 120,000,000 restricted common shares of the Company valued at $1,560,000. A portion of the 120,000,000 restricted common share consideration is being received by certain shareholders that also owned shares in Bravo Enterprises Ltd. prior to the November 23, 2012 agreement. The value of these shares considered a related party portion is $67,257 and as such, this amount has been eliminated from the transaction, leaving a net value of $1,492,743 for the license.

During the year ended December 31, 2012, the Company had sales of water units to related parties in the amount of $2,396 (2011 - $Nil).

As at December 31, 2012, accounts receivable include $2,683 (2011 - $Nil) due from related parties from the sale of water units.

The following amounts are due to related parties at:

	December 31, 2012		December 31, 2011
Significant shareholders	$	2,142	$	79,071

All related party transactions are in the normal course of business and are measured at the exchange amount, which is the amount of consideration established and agreed to by the related parties.

22

ITEM 14.  PRINCIPAL ACCOUNTING FEES AND SERVICES

1. Audit Fees: Aggregate fees billed for each of the last two (2) fiscal years for professional services rendered by the principal accountant for the audit of the annual financial statements and review of financial statements included on Form 10-Q:

2011:	$15,400
2012:	$20,400

2. Audit-Related Fees: Aggregate fees billed in each of the last two (2) fiscal years for assurance and related services by the principal accountant that are reasonably related to the performance of the audit or review of the financial statements and are not reported previously.

2011:	$0
2012:	$0

3. Tax Fees: Aggregate fees billed in each of the last two (2) fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning.

2011:	$0
2012:	$0

4. All Other Fees: Aggregate fees billed in each of the last two (2) fiscal years for products and services provided by the principal accountant, other than the services previously reported.

2011:	$0
2012:	$0

5. Audit Committee Pre-Approval Procedures. The Board of Directors has not, to date, appointed an Audit Committee.

23

PART IV

ITEM 15.    EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

Exhibit 31.1 -	Section 906 Certification of Periodic Report of the Chief Executive Officer.
Exhibit 31.2 -	Section 906 Certification of Periodic Report of the Chief Financial Officer.
Exhibit 32.1 -	Section 302 Certification of Periodic Report of the Chief Executive Officer.
Exhibit 32.1 -	Section 302 Certification of Periodic Report of the Chief Financial Officer.
Exhibit 99-1 -	Amendment to the Articles of Incorporation of the Company filed April 23, 2012.

101.INS **	XBRL Instance Document
101.SCH **	XBRL Taxonomy Extension Schema Document
101.CAL **	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF **	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB **	XBRL Taxonomy Extension Label Linkbase Document
101.PRE **	XBRL Taxonomy Extension Presentation Linkbase Document

** XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

b) Form 8-K

8-K filed February 3, 2012 with respect with respect to a change in Directors.

8-K filed May 15, 2012 with respect to announcing name change and 1:20 reverse split.

8-K filed May 15, 2012 with respect to approval of name change and 1:20 reverse split.

8-K filed November 30, 2012 with respect to entering into a material definitive agreement.

24

SIGNATURES

Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange Act of 1934, the Registrant has duly caused to be signed on its behalf by the undersigned, whereunto duly authorized.

	BBRAVO ENTERPRISES LTD.
Date: April 15, 2013	By:	/s/ Jaclyn Cruz
		Jaclyn Cruz

Pursuant to the requirements of the Securities and Exchange Act of 1934, this amended report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates included.

By:	/s/ Jaclyn Cruz	Date: April 15, 2013
	Jaclyn Cruz, Director and President
By:	/s/ Matt Kelly	Date: April 15, 2013
	Matt Kelly, Secretary and Treasury

25

EX-31.1

EXHIBIT 31.1

CERTIFICATION

I, Jaclyn Cruz, certify that:

1.  I have reviewed this annual report on Form 10-K of Bravo Enterprises Ltd..;

2.  Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.  Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.  The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)), for the registrant and have:

(a)  Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)  Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)  Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)  Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.  The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a)  All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b)  Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: April 15, 2013	/s/ Jaclyn Cruz
	Jaclyn Cruz
	President
	Bravo Enterprises Ltd.

EX-31.2

EXHIBIT 31.2

CERTIFICATION

I, Matt Kelly, certify that:

1.  I have reviewed this annual report on Form 10-K of Bravo Enterprises Ltd.;

2.  Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.  Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.  The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)), for the registrant and have:

(a)  Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)  Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)  Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)  Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.  The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a)  All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b)  Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: April 15, 2013	/s/ Matt Kelly
	Matt Kelly
	Chief Financal Officer
	Bravo Enterprises Ltd.

EX-32.1

EXHIBIT 32.1

Certification of CEO and CFO

Pursuant to 18 U.S.C. Section 1350,

As Adopted Pursuant to

Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Annual Report on Form 10-K of Bravo Enterprises Ltd. for the fiscal year ended December 31, 2012 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), Jaclyn Cruz, as the equivalent of the chief executive officer of the Company, hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of his knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

	/s/ Jaclyn Cruz
Name:	Jaclyn Cruz
Date:	April 15, 2013

This certification is furnished with this Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

EX-32.2

EXHIBIT 32.2

Certification of CEO and CFO

Pursuant to 18 U.S.C. Section 1350,

As Adopted Pursuant to

Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Annual Report on Form 10-K of Bravo Enterprises Ltd. for the fiscal year ended December 31, 2012 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), Matt Kelly , as the equivalent of the Chief Financial Officer of the Company, hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of his knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

	/s/ Matt Kelly
Name:	Matt Kelly
Date:	April 15, 2013

This certification is furnished with this Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

EX-99.1

EXHIBIT 99.1

1

2

3

4

XML

STOCKHOLDERS' EQUITY (Details 2) (2010 Stock Options [Member], USD $)	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
2010 Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance, Number of Options
Granted, Number of Options	12,145,000	9,361,033	8,498,000	419,300
Exercised, Number of Options	(12,145,000)	(9,361,033)	(8,498,000)	(419,300)
Ending Balance, Number of Options
Beginning Balance, Weighted average exercise price
Granted, Weighted average exercise price	$ 0.01	$ 0.01	$ 0.01	$ 0.11
Exercised, Weighted average exercise price	$ 0.01	$ 0.01	$ 0.01	$ 0.11
Ending Balance, Weighted average exercise price
Granted, Weighted average remaining contractual life				5 years

XML

INCOME TAXES (Details 2) (USD $)	Dec. 31, 2012	Dec. 31, 2011
Income Taxes Details 2
Non-capital loss carry forwards	$ 8,167,000	$ 8,167,000
Valuation allowance	(8,167,000)	(8,167,000)
Net deferred tax asset

XML

INCOME TAXES (Details)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Income Taxes Details
Federal income tax provision at statutory rate	(35.00%)	(35.00%)
State income tax provision at statutory rate, net of federal income tax effect	0.00%	0.00%
Total income tax provision rate	(35.00%)	(35.00%)

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AVAILABLE - FOR-SALE SECURITIES - RELATED PARTIES (Details Narrative) (USD $)	12 Months Ended		204 Months Ended	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2012 Terralene Fuels Corporation [Member]	Dec. 31, 2011 Terralene Fuels Corporation [Member]	Dec. 31, 2010 Terralene Fuels Corporation [Member]	Dec. 31, 2009 Terralene Fuels Corporation [Member]	Dec. 31, 2008 Terralene Fuels Corporation [Member]	Dec. 31, 2007 Terralene Fuels Corporation [Member]	Dec. 31, 2006 Terralene Fuels Corporation [Member]	Dec. 31, 2005 Terralene Fuels Corporation [Member]	Dec. 31, 2004 Terralene Fuels Corporation [Member]	Dec. 31, 2012 Legacy [Member]	Dec. 31, 2011 Legacy [Member]	Dec. 31, 2010 Legacy [Member]	Dec. 31, 2009 Legacy [Member]	Dec. 31, 2008 Legacy [Member]	Dec. 31, 2007 Legacy [Member]	Dec. 31, 2003 Legacy [Member]
RelatedPartyTransaction [Line Items]
Unrealized gain/ loss in the carrying value of its available for sale securities				$ (148)	$ (2,623)	$ 11,774	$ 1,232	$ (15,026)	$ 473	$ (8,889)	$ (90,000)	$ (10,000)	$ (2,941)	$ (52,939)	$ 35,021	$ 797,161	$ 270,562	$ 604,440
Sold shares to related parties				0	0	0		10,000	2,500				0	0	0	30,985	150,000
Realized loss/ gain on sale of equity	(3,089)	(1,185)	1,900					(800)	165							2,987	26,100
Received restricted shares form related parties												111,111			2,627,440
Carrying value of the available for sale shares				89	237	2,860	3,945	2,712					2,941	5,882	58,822	62,934	885,502
Debt sttlement			718,784												131,372				122,988
Write-down of its investment in other than temporary decline in value of shares					2,909	12,859								51,469	78,823
Commision paid on sale of shares																595
Restricted shares																			1,229,880
Ownership interest																			9.80%
Write-down of its investment, not recoverable																			$ 1

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RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2012

Related Party Transactions Tables

Amounts are due to related parties

The following amounts are due to related parties at:

	December 31, 2012		December 31, 2011
Significant shareholders	$	2,142	$	79,071

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RELATED PARTY TRANSACTIONS (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Related Party Transactions Details Narrative
Payment to directors for management fees	$ 4,000	$ 6,125
Incurred expenses for office rent	32,507	31,572
Earning through prepaid services agreements	77,880	42,838
Restricted common shares for consideration of license, shares	120,000,000
Restricted common shares for consideration of license, amount	1,560,000
Restricted common shares for consideration of license related party portion, amount	67,257
Restricted common shares for consideration of license,net value	1,492,743
Exercise price of stock option	$ 0.013
Satisfy debt to related parties	197,000
Sales of water units - related parties	2,396	0
Accounts receivables - related party	$ 2,683	$ 0

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STOCKHOLDERS' EQUITY (Details) (2012 Stock Options [Member], USD $)	12 Months Ended
	Dec. 31, 2012
2012 Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance, Number of Options
Granted, Number of Options	26,000,000
Exercised, Number of Options	(19,000,000)
Ending Balance, Number of Options	7,000,000
Beginning Balance, Weighted average exercise price
Granted, Weighted average exercise price	$ 0.013
Exercised, Weighted average exercise price	$ 0.013
Ending Balance, Weighted average exercise price	$ 0.013
Granted, Weighted average remaining contractual life	5 years
Weighted average remaining contractual life, ending balance	5 years

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INCOME TAXES (Details 1) (USD $)	12 Months Ended		204 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012
Income Taxes Details 1
Loss before income taxes	$ (302,218)	$ (202,130)	$ (20,741,057)
Corporate tax rate	35.00%	35.00%
Expected tax expense (recovery)	(105,776)	(70,746)
Non-deductable stock based compensation
Unrecognized loss carry forward and other
Income tax provision

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2012

Notes to Financial Statements

NOTE 2- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

The accompanying financial statements are presented in United States dollars and are prepared in accordance with accounting principles generally accepted in the United States.

Use of Estimates and Assumptions

Preparation of the Company’s financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. 

Concentration of Credit Risk

Cash in bank accounts is at risk to the extent that it exceeds U.S.Federal Deposit Insurance Corporation and Canadian Deposit Insurance Corporation insured amounts. To minimize risk, the Company places its cash with high credit quality institutions. All cash is deposited in one prominent Canadian financial institution.

Fair Value of Financial Instruments

The Company’s financial instruments include cash, receivables, available-for-sale securities and due to related parties.  Management believes the fair values of these financial instruments approximate their carrying values due to their short-term nature.

The Company adopted ASC Topic 820-10 for all financial assets and liabilities and nonfinancial assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring basis (at least annually).  Topic 820-10 defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements Topic 820-10 defines fair value as the price that would be received upon sale of an asset or paid upon transfer of a liability in an orderly transaction between market participants at the measurement date and in the principal or most advantageous market for that asset or liability. The fair value should be calculated based on assumptions that market participants would use in pricing the asset or liability, not on assumptions specific to the entity. In addition, the fair value of liabilities should include consideration of non-performance risk including our own credit risk.

In addition to defining fair value, Topic 820-10 expands the disclosure requirements around fair value and establishes a fair value hierarchy for valuation inputs. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.  Each fair value measurement is reported in one of the three levels which is determined by the lowest level input that is significant to the fair value measurement in its entirety. These levels are:

*	Level 1 – inputs are based upon unadjusted quoted prices for identical instruments traded in active markets.
*	Level 2 – inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
*	Level 3 – inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models, and similar techniques.

The application of the three levels of the fair value hierarchy under Topic 820-10-35 to our assets and liabilities are described below:

	Fair Value Measurements
	Level 1		Level 2		Level 3		Total Fair Value
Assets
Cash	$	86,781	$	-	$	-	$	425,380
Taxes recoverable		1,233						1,233
Accounts Receivable		3,354						3,354
Available securities		3,030		-		-		3,030
Intangible Assets		-		-		1,492,743		1,492,743
Total	$	94,398	$	-	$	1,492,743	$	1,587,141
Liabilities
Current and related party	$	496,199	$	-	$	-	$	496,199
Total	$	496,199	$	-	$	-	$	496,199

Foreign Currency Translation

The financial statements are presented in United States dollars.  In accordance with ASC Topic 830 “Foreign Currency Matters”, foreign denominated monetary assets and liabilities are translated to their United States dollar equivalents using foreign exchange rates that prevailed at the balance sheet date.  Non-monetary assets and liabilities are translated at exchange rates prevailing at the transaction date. Revenue and expenses are translated at average rates of exchange during the year.  Related translation adjustments are reported as a separate component of stockholders’ equity, whereas gains or losses resulting from foreign currency transactions are included in results of operations.

Available For Sale Securities – related parties

The Company holds marketable equity securities which are available-for-sale and as such, their carrying value is adjusted to market at the end of each reporting period.  As required by ASC Topic 220 (formerly SFAS 130),, unrealized gains and losses on these investments are recorded as a component of accumulated other comprehensive income (loss) and are recorded as a component of net income (loss) when realized.  However, if there is a permanent decline in the market value of available-for-sale securities, this permanent market value adjustment is taken into income in the period.

Stock-Based Compensation

On January 1, 2006, the Company adopted the fair value recognition provisions of ASC Topic 718 & 505.  Prior to January 1, 2006, the Company accounted for share-based payments under the recognition and measurement provisions of ASC Topic 718. In accordance with ASC Topic 718 no compensation cost was required to be recognized for options granted that had an exercise price equal to the market value of the underlying common stock on the date of grant. . The Company uses the Black-Scholes pricing model to calculate the fair value of options and warrants issued to both employees and non-employees. Stock issued for compensation is valued using the market price of the stock on the date of the related agreement.

In addition, deferred stock compensation related to non-vested options is required to be eliminated against additional paid-in capital. The Company accounts for equity instruments issued in exchange for the receipt of goods or services from other than employees in accordance with ASC Topic 718 & 505.  Costs are measured at the estimated fair market value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably measurable.

Research and Development Costs

Expenditure on research activities, undertaken with the prospect of obtaining new scientific or technical knowledge and understandings are expensed as incurred and include costs of consultants who conduct research and development on behalf of the Company. 

Intangible Assets

Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 350 , “Intangibles-Goodwill and Other” requires that goodwill and intangible assets with indefinite useful lives no longer be amortized, but instead tested for impairment at least annually in accordance with the provisions of ASC 350. This standard also requires that intangible assets with definite useful lives be amortized over their respective estimated useful lives to their estimated residual values, and reviewed for impairment. The Company's intangible assets consist of the acquisition of the license to import and distribute wine & liquor products and various brands and labels. The Company determined that the intangibles have an estimated useful life of 18 years and will be reviewed annually for impairment. Amortization will be recorded over the estimated useful life of the assets using the straight-line method for financial statement purposes. The Company will commence amortization when the economic benefits of the assets begin to be consumed in January, 2013. Other intangibles are carried at acquisition cost less accumulated amortization. Amortization is provided over the estimated useful lives of the assets on straight line basis per annum.

Definite life intangible assets are tested for recoverability whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable. These tests involve the use of estimates and assumptions appropriate in the circumstances. In assessing fair value, valuation models are used that include discounted cash flows. The models use assumptions that include levels of growth in assets under management from net sales and market, pricing and margin changes, synergies achieved on acquisition, discount rates, and observable data for comparable transactions. As of December 31, 2012, the Company believed there was no impairment of its intangible assets and recorded the value of the intangible in the amount of $1,492,743 (2011- $Nil).

Income Taxes

The Company follows the liability method of accounting for income taxes as set forth in ASC Topic 740-10. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax balances.  Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those differences are expected to be recovered or settled.  The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment or substantive enactment.  A valuation allowance is provided for deferred tax assets if it is more likely than not that the Company will not realize the future benefit, or if the future deductibility is uncertain. In accordance with ASC 740-10. This interpretation introduces a new approach that changes how enterprises recognize and measure tax benefits associated with tax positions and how enterprises disclose uncertainties related to income tax positions in their financial statements.

Revenue Recognition

Sales are recognized upon purchase by customers at our product facility. All sales at our product facility are final, allowing for no sales returns.

As at December 31, 2012, $3,354 (2011 - $Nil) is in accounts receivable from the sale of water units.

Recent Accounting Pronouncements

There have been no recent accounting pronouncements not yet adopted by the Company which would have a material impact on our financial statements.

The Company adopted certain amendments to Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements,” effective January 1, 2012. These amendments include a consistent definition of fair value, enhanced disclosure requirements for “Level 3” fair value adjustments and other changes to required disclosures. Their adoption did not have a material impact on the Company’s consolidated financial statements.

The Company adopted the amendments to ASC 220, “Comprehensive Income,” effective January 1, 2012. The amendments pertained to presentation and disclosure only.

The Company adopted the amendments to ASC 350, “Intangibles-Goodwill and Others,” effective January 1, 2012. The amended guidance allows us to do an initial qualitative assessment of relevant events and circumstances to determine if fair value of a reporting unit is more likely than not to be less than its carrying value, prior to performing the two-step quantitative goodwill impairment test. The adoption of these amendments did not have a material impact on the Company’s financial statements.

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SUPPLEMENTAL CASH FLOW INFORMATION (Details) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Supplemental Cash Flow Information Details
Interest
Income taxes

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NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details Narrative) (USD $)	12 Months Ended	204 Months Ended
	Dec. 31, 2012	Dec. 31, 2012
Nature Of Operations And Basis Of Presentation Details Narrative
Entity incorporation date	Nov. 29, 1983
Entity incorporation state	State of Nevada
Losses on revenue of product and services	$ (232,218)	$ 25,201,690

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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2012

Income Taxes Tables

Reconciliation of income tax computed at the federal and state statutory tax rates

A reconciliation of income tax computed at the federal and state statutory tax rates is as follows:

	Year ended December 31, 2012			Year ended December 31, 2011
Federal income tax provision at statutory rate		(35.00)	%		(35.00)	%
State income tax provision at statutory rate, net of federal income tax effect		(0.00)			(0.00)
Total income tax provision rate		(35.00)	%		(35.00)	%

Company's loss before income taxes

The actual income tax provisions differ from the expected amounts calculated by applying the federal income tax statutory rate to the Company’s loss before income taxes. The components of these differences are as follows:

	Year ended December 31, 2012			Year ended December 31, 2011
Loss before income taxes	$	(302,218	)	$	(202,130	)
Corporate tax rate		35.00	%		35.00	%
Expected tax expense (recovery)		(105,776	)		(70,746	)
Non-deductable stock based compensation		-			-
Unrecognized loss carry forward and other		-			-
Income tax provision	$	-		$	-

Deferred income tax assets and liabilities

The Company’s tax-effected deferred income tax assets and liabilities are estimated as follows:

	2012		2011
Non-capital loss carry forwards	$	8,167,000	$	8,167,000
Valuation allowance		(8,167,000)		(8,167,000)
Net deferred tax asset	$	-	$	-

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SUPPLEMENTAL CASH FLOW INFORMATION (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Common shares issued	4,500,000	6,950,000
Restricted Common shares issued, value	$ 99,450	$ 99,300
Common stock, shares issued	120,000,000
Common stock, shares value	1,492,743
Satisfy debt to related parties amount	197,000
Cash proceeds from private placement	85,000
Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Common shares issued	25,000
Restricted Common shares issued, value	125
Private placement subscription agreement [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Common shares issued	625,000
Restricted Common shares issued, value	50,000
Cash proceeds from private placement	5,000
Restricted common shares issued to subscriber	62,500
2012 Stock Incentive And Option Plan [Member] | $0.013 per share [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares issued	19,000,000
Payment for debt to related parties	50,000
Satisfy debt to related parties amount	197,000
2011 Stock Incentive and Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares issued		9,800,000
Payment for debt to related parties		78,000
2011 Stock Incentive and Option Plan [Member] | $0.012 per share [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares issued		9,800,000
Satisfy debt to related parties amount		78,000
2009 Stock Incentive and Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares issued		2,345,000
2009 Stock Incentive and Option Plan [Member] | $0.02 per shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares issued		1,650,000
Satisfy debt to related parties amount		33,000
2009 Stock Incentive and Option Plan [Member] | $0.01 per share [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued for services, shares		695,000
Shares issued for services, value		$ 6,950

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	Dec. 31, 2012
Assets
Cash	$ 425,380
Taxes recoverable	1,233
Accounts Receivable	3,354
Available securities	3,030
Intangible Assets	1,492,743
Asset fair value	1,587,141
Liabilities
Current and related party	496,199
Total	496,199
Fair Value, Inputs, Level 1 [Member]
Assets
Cash	86,781
Taxes recoverable	1,233
Accounts Receivable	3,354
Available securities	3,030
Intangible Assets
Asset fair value	94,398
Liabilities
Current and related party	496,199
Total	496,199
Fair Value, Inputs, Level 2 [Member]
Assets
Cash
Available securities
Intangible Assets
Asset fair value
Liabilities
Current and related party
Total
Fair Value, Inputs, Level 3 [Member]
Assets
Cash
Available securities
Intangible Assets	1,492,743
Asset fair value	1,492,743
Liabilities
Current and related party
Total

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) (USD $)	Dec. 31, 2012	Dec. 31, 2011
Summary Of Significant Accounting Policies Details Narrative
Value of intangible assets, amount	$ 1,492,743
Accounts receivable	$ 3,354	$ 0

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NATURE OF OPERATIONS AND BASIS OF PRESENTATION

12 Months Ended

Dec. 31, 2012

Notes to Financial Statements

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION

The Company was incorporated as Venture Investments Inc. under the Laws of the State of Nevada on November 29, 1983.  The Company underwent a name change to Asdar Group on December 10, 1987, a name change to Precise Life Sciences Ltd. on April 30, 2002, a name change to Iceberg Brands Corporation on February 18, 2003, a name change to Avalon Gold Corporation on August 28, 2003, a name change to Avalon Energy Corporation on March 22, 2005, a name change to Shotgun Energy Corporation on September 25, 2007 and a name change to Organa Gardens International Inc. on February 26, 2009 and a name change to Bravo Enterprises Ltd. on June 1, 2012. The Company was dormant from 1991 to 1996 and currently has no revenue generating operations. The Company was considered a development stage company since January 1, 1996 and as a result of changing its business focus to air to water harvesting units is considered to be a development stage company. Expected operations will consist of manufacturing and distributing air to water harvesting units worldwide.

Going Concern

The financial statements have been prepared on the basis of a going concern which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.  The Company has not generated any revenues or completed development of any commercially acceptable products or services to date and has incurred losses of $25,201,690 since inception.  The Company will depend almost exclusively on outside capital through the issuance of common shares to finance ongoing operating losses and to fund the manufacture and distribution of the air to water harvesting units.  The ability of the Company to continue as a going concern is dependent on raising additional capital and ultimately on generating future profitable operations.  There can be no assurance that the Company will be able to raise the necessary funds when needed to finance its ongoing costs.  These factors raise substantial doubt about the ability of the Company to continue as a going concern.  The accompanying financial statements do not include any adjustments relative to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result from the outcome of this uncertainty.

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AVAILABLE - FOR-SALE SECURITIES - RELATED PARTIES (Details) (USD $)	Dec. 31, 2012	Dec. 31, 2011
Available for sale securities - related parties	$ 3,030	$ 6,119
Legacy [Member]
Available for sale securities - related parties	2,941	5,882
Terralene Fuels Corporation [Member]
Available for sale securities - related parties	$ 89	$ 237

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STOCKHOLDERS' EQUITY (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Common shares issued	4,500,000	6,950,000
Restricted Common shares issued, value	$ 99,450	$ 99,300
Common stock, shares issued	120,000,000
Common stock, shares value	1,492,743
Satisfy debt to related parties amount	197,000
Cash proceeds from private placement	85,000
Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Common shares issued	25,000
Restricted Common shares issued, value	125
Private placement subscription agreement [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Common shares issued	625,000
Restricted Common shares issued, value	50,000
Cash proceeds from private placement	5,000
Restricted common shares issued to subscriber	62,500
2012 Stock Incentive And Option Plan [Member] | $0.013 per share [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares issued	19,000,000
Payment for debt to related parties	50,000
Satisfy debt to related parties amount	197,000
Satisfy debt to related parties Aggregate	247,000
2011 Stock Incentive and Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares issued		9,800,000
Payment for debt to related parties		78,000
Stock options available for grant	0
2011 Stock Incentive and Option Plan [Member] | $0.012 per share [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares issued		9,800,000
Satisfy debt to related parties amount		78,000
2009 Stock Incentive and Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares issued		2,345,000
Stock options available for grant	0
2009 Stock Incentive and Option Plan [Member] | $0.02 per shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares issued		1,650,000
Satisfy debt to related parties amount		33,000
2009 Stock Incentive and Option Plan [Member] | $0.01 per share [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued for services, shares		695,000
Shares issued for services, value		$ 6,950
2007 Stock Incentive and Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options available for grant	0
2006 Stock Incentive and Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options available for grant	0

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BALANCE SHEETS (USD $)	Dec. 31, 2012	Dec. 31, 2011
ASSETS
Cash	$ 86,781	$ 90
Taxes recoverable	1,233	2,122
Accounts receivable - related party	2,683
Accounts receivable	671
TOTAL CURRENT ASSETS	91,368	2,212
AVAILABLE FOR SALE SECURITIES - related parties	3,030	6,119
INTANGIBLE ASSETS	1,492,743
TOTAL ASSETS	1,587,141	8,331
LIABILITIES AND STOCKHOLDERS' (DEFICIT)
Accounts payable and accrued liabilities	494,057	483,634
Due to related parties	2,142	79,071
TOTAL CURRENT LIABILITIES	496,199	562,705
STOCKHOLDERS' (DEFICIT)
Convertible Preferred:- Class A voting stock, $0.001 par value, 5,000,000 shares authorized
Convertible Preferred:- Class B voting stock, $0.001 par value, 5,000,000 shares authorized
Common stock, $.001 par value, 500,000,000 shares authorized 147,178,530 (December 31, 2011 - 3,052,323) shares issued and outstanding	147,178	61,046
Additional paid-in capital	26,214,714	24,341,653
Shares to be issued	93,000
Subscriptions receivable	(80,000)
Deferred compensation	(84,160)	(62,590)
Deficit accumulated during the development stage	(20,741,057)	(20,438,839)
Deficit accumulated prior to the development stage	(4,460,633)	(4,460,633)
Accumulated other comprehensive income	1,900	4,989
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	1,090,942	(554,374)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 1,587,141	$ 8,331

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COMMITMENTS AND CONTINGENCIES (Details) (USD $)	Dec. 31, 2012
Commitments And Contingencies Details
Office Rent 2013	$ 30,000
Office Rent 2014	30,000
Office Rent 2015	30,000
TOTAL	$ 90,000

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STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended		204 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012
Statements Of Cash Flows
Net loss for the year	$ (302,318)	$ (202,130)	$ (20,741,157)
Adjustments to reconcile net loss to net cash from operating activities:
- fees and services paid for with common shares	85,880	49,913	3,577,518
- non cash research and development			105,000
- other stock based compensation	70,000		1,989,468
- interest paid for with common shares			80,872
- loss on settlement of debt			718,784
- software development costs paid for with common shares			600,000
- non cash exploration costs			110,000
- write-down of interest in oil and gas properties		4	2,970,722
- write-down of equities in Legacy Platinum Group Inc.		51,469	258,580
- write-down of equities in Terralene Fuels Corporation		2,909	15,768
- write-down of interest in ACGT Corporation			2,250,937
- loss on Iceberg Drive Inn investment			85,000
- (Gain)/loss on sale of securities held for resale			(21,816)
- non cash option income received in shares			(130,000)
- interest accrued on promissory notes receivable			(63,136)
- other non-cash expenses			2,557,382
- net changes in working capital items	(68,953)	(3,605)	256,301
CASH FLOWS USED IN OPERATING ACTIVITIES	(215,391)	(101,440)	(5,379,777)
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received on promissory notes			63,136
Investment in Iceberg Acquisition Corporation			(120,000)
Proceeds from sale of securities - related party			136,790
Interest in oil and gas properties - net of finders fees			(1,522,804)
CASH FLOWS USED IN INVESTING ACTIVITIES			(1,442,878)
CASH FLOWS FROM FINANCING ACTIVITIES
Net proceeds on sale of common stock	105,000		5,203,325
Net advances (to) from related parties	197,082	101,480	1,286,111
Advances receivable			420,000
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES	302,082	101,480	6,909,436
INCREASE (DECREASE) IN CASH	86,691	40	86,781
CASH, BEGINNING OF YEAR	90	50
CASH, END OF YEAR	$ 86,781	$ 90	$ 86,781

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ACQUISITION (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Acquisition Details Narrative
Research and development costs	$ 0	$ 0
Advanced prepaid expenses	8,000
Writtenoff prepaid expenses		$ 8,000

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AVAILABLE FOR SALE SECURITIES - RELATED PARTIES (Tables)

12 Months Ended

Dec. 31, 2012

Available For Sale Securities - Related Parties Tables

Available for sale securities

Available for sale securities – related parties include the following:

	December 31,		December 31,
	2012		2011
3,676,335  (2011-3,676,335) shares of Legacy Platinum Group Inc.	$	2,941	$	5,882
98,612  (2011- 98,612) shares of Terralene Fuels Corporation		89		237
	$	3,030	$	6,119

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DEFERRED COMPENSATION (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Deferred Compensation Details Narrative
Amortization cost for deferred compensation	$ 77,880	$ 42,838
Unamortized portion of deferred compensation	$ 84,160	$ 62,590

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STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2012

Weighted average assumptions

The fair value of 7,000,000 of the common stock options granted during the year was measured at the grant date using the Black-Scholes option pricing model with the following weighted average assumptions:

Expected dividend yield	0%
Risk-free interest rate	4.99%
Expected volatility	164.35%
Expected option life (in years)	1

2012 Stock Incentive And Option Plan [Member]

Stock option activity

The Company’s stock option activity is as follows: 

	Number of options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in years)
Balance, December 31, 2011		-			-		-
Granted during 2012		26,000,000			0.013		5.00
Exercised during 2012		(19,000,000	)		0.013
Balance, December 31, 2012		7,000,000			0.013		5.00

2010 Stock Incentive And Option Plan [Member]

Stock option activity

The Company’s stock option activity is as follows:

	Number of options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in years)
Balance, December 31, 2007		-		-		-
Granted during 2008		419,300		0.11		5.00
Exercised during 2008		(419,300)		0.11
Balance, December 31, 2008		-		-		-
Granted during the period		8,498,000		0.01
Exercised during the period		(8,498,000)		0.01
Balance, December 31, 2009		-		-		-
Granted during 2010		9,361,033		0.01
Exercised during 2010		(9,361,033)		0.01
Balance, December 31, 2010		-		-		-
Granted during the period		12,145,000		0.01
Exercised during the period		(12,145,000)		0.01
Balance, December 31, 2011		-		-		-

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STATEMENTS OF OTHER COMPREHENSIVE LOSS (USD $)	12 Months Ended		204 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012
Statements Of Other Comprehensive Loss
NET LOSS	$ (302,218)	$ (202,130)	$ (20,741,057)
Unrealized gains on marketable securities	(3,089)	(1,185)	1,900
TOTAL OTHER COMPREHENSIVE INCOME (LOSS), net of tax	(3,089)	(1,185)	1,900
COMPREHENSIVE (LOSS)	$ (305,307)	$ (203,315)	$ (20,739,157)

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BALANCE SHEETS (Parenthetical) (USD $)	Dec. 31, 2012	Dec. 31, 2011
STOCKHOLDERS' (DEFICIT)
Convertible preferred stock: Class A voting stock, par value	$ 0.001	$ 0.001
Convertible preferred stock: Class A voting stock, authorized	5,000,000	5,000,000
Convertible preferred stock: Class B voting stock, par value	$ 0.001	$ 0.001
Convertible preferred stock: Class B voting stock, authorized	5,000,000	5,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, Authorized	500,000,000	500,000,000
Common stock, Issued	147,178,530	3,052,323
Common stock, outstanding	147,178,530	3,052,323

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COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2012

Notes to Financial Statements

NOTE 10- COMMITMENTS AND CONTINGENCIES

On February 21, 2002, the Company issued 350,000 shares valued at $119,000 to Empire Sterling Corporation for services to be rendered with respect to the acquisition of ACGT Corporation (“ACGT”).  The shares were to be held in trust and not sold until all necessary financing was in place to complete the ACGT acquisition. Empire Sterling Corporation breached the trust agreement and the Company placed a stop transfer on these shares and requested they be returned to the Company. Empire Sterling Corporation failed to return the share certificate and as such, the Company commenced court proceedings against the principals of Empire Sterling Corporation. The Company argued for an interim injunction against all parties and was successful. On May 9, 2002, the Court ordered Empire Sterling Corporation to deposit the shares with the Court pending judicial disposition.  The Company continued to file legal process claiming ownership of the shares and breach of trust inter alia. The Company was successful and has now applied to have the share certificates released and subsequently cancelled. As of December 31, 2012, the Company is still in the process of having the certificates released.

In February, 2008, the Company received a demand notice from CGG Veritas for failure to pay an outstanding balance of $317,380 pursuant to a Master Agreement and Job Supplement for the Shotgun Draw 2D Seismic Program in Utah. In accordance with Section 15.3 of the Master Agreement and Job Supplement dated March 21, 2007, CGG has demanded payment by April 25, 2008. If CGG Veritas is forced to proceed with litigation of this matter, it will seek reimbursement of its attorneys’ fees and expenses related to the litigation. The Company is currently examining various alternatives to resolve this matter. CGG Veritas has not proceeded with litigation as of December 31, 2012.

As of August 1, 2012, the Company has leased 1250 sq. ft of office space from Holm Investments Ltd. at $2,500 per month for a period of 3 years.

Payments	2013		2014		2015		TOTAL
Office Rent	$	30,000	$	30,000	$	30,000	$	90,000

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Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2012	Mar. 31, 2013
Document And Entity Information
Entity Registrant Name	BRAVO ENTERPRISES LTD.
Entity Central Index Key	0000746631
Document Type	10-K
Document Period End Date	Dec. 31, 2012
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float		$ 0
Entity Common Stock, Shares Outstanding		147,178,530
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2012

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INCOME TAXES

12 Months Ended

Dec. 31, 2012

Notes to Financial Statements

NOTE 11- INCOME TAXES

Potential benefits of United States Federal income tax losses are not recognized in the accounts until realization is more likely than not. As of December 31, 2012, the Company has combined net operating losses carried forward totaling approximately $25,200,000 for tax purposes which expire through 2030. Availability of loss usage is subject to change of ownership limitations under Internal Revenue Code 382 for 2002 and prior year’s losses.  Pursuant to SFAS No. 109, the Company is required to compute tax asset benefits for net operating losses carried forward. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry forwards.

A reconciliation of income tax computed at the federal and state statutory tax rates is as follows:

	Year ended December 31, 2012			Year ended December 31, 2011
Federal income tax provision at statutory rate		(35.00	)%		(35.00	)%
State income tax provision at statutory rate, net of federal income tax effect		(0.00	)		(0.00	)
Total income tax provision rate		(35.00	)%		(35.00	)%

The actual income tax provisions differ from the expected amounts calculated by applying the federal income tax statutory rate to the Company’s loss before income taxes. The components of these differences are as follows:

	Year ended December 31, 2012			Year ended December 31, 2011
Loss before income taxes	$	(302,218	)	$	(202,130	)
Corporate tax rate		35.00	%		35.00	%
Expected tax expense (recovery)		(105,776	)		(70,746	)
Non-deductable stock based compensation		-			-
Unrecognized loss carry forward and other		-			-
Income tax provision	$	-		$	-

The Company’s tax-effected deferred income tax assets and liabilities are estimated as follows:

	2012			2011
Non-capital loss carry forwards	$	8,167,000		$	8,167,000
Valuation allowance		(8,167,000	)		(8,167,000	)
Net deferred tax asset	$	-		$	-

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STATEMENTS OF OPERATIONS (USD $)	12 Months Ended		204 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012
Statements Of Operations
REVENUES - Water Unit Sales - related party	$ 2,396		$ 2,396
Water Unit Sales – other	599		599
COST OF GOODS SOLD	1,500		1,500
GROSS PROFIT	1,495		1,495
GENERAL AND ADMINISTRATIVE EXPENSES
Litigation settlement			2,291,070
Management and consulting fees	109,050	36,046	5,014,668
Consulting fees - stock based compensation	70,000		1,989,869
Exploration costs			113,678
Loss on settlement of debt			718,784
General and administrative	86,279	86,463	2,928,361
Professional fees	38,384	25,239	1,217,981
Interest expense			98,282
Research and development costs			285,231
Software development costs			737,300
TOTAL GENERAL & ADMINISTRATIVE EXPENSES	303,713	147,748	15,395,224
OTHER (INCOME) EXPENSES
Interest, royalty and other income			(82,138)
(Gain)/loss on sale of securities - related party			(21,541)
Property Option Income			(130,000)
Write-down of securities - Legacy Platinum Group Inc.		51,469	258,580
Write-down of securities - Terralene Fuels Corporation		2,909	15,768
Write-down of interest in ACGT Corporation			1,406,000
Write-down of interest in oil and gas properties		4	3,815,659
Loss on Iceberg Drive Inn investment			85,000
TOTAL OTHER (INCOME) EXPENSES		54,382	5,347,328
Loss before income taxes	(302,218)	(202,130)	(20,741,057)
Income tax provision
NET LOSS	$ (302,218)	$ (202,130)	$ (20,741,057)
BASIC AND DILUTED NET LOSS PER SHARE	$ (0.03)	$ (0.08)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING	13,653,008	2,436,168

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ACQUISITION

12 Months Ended

Dec. 31, 2012

Notes to Financial Statements

NOTE 5- ACQUISITION

(a). On March 6, 2009, the Company signed an agreement to acquire all of the assets of Organa Gardens Inc.(OGI), a Nevada Corporation in the business of hydroponics vertical farming. These assets include, but are not limited to all proprietary designs, engineering, technology, business models, plans and intellectual properties pertaining to the Organa Garden System-Discovery (OGS-D) and the Organa Garden System-Enterprise (OGS-E). Both the OGS-D and OGS-E are a rotary hydroponics vertical farming system designed with serviceability, ease-of-use and maximum harvest in mind. Both models are modular, allowing them to be expanded by stacking them. Its specially designed waterwheel technology allows the fully automated system to recycle and reuse 95% of the water used while requiring a negligible amount of energy to run.

The Company was to issue up to 1,250,000 post-reverse split Rule 144 shares of its common stock to OGI, to be held in trust and released based on the following terms and gross revenue requirements:

(a) Release of 500,000 shares of the Company upon signing this Agreement.

(b) Release of 250,000 shares of the Company upon attaining $1,000,000 US in gross revenue.

(c) Release of 250,000 shares of the Company upon attaining $2,500,000 US in gross revenue.

(d) Release of 250,000 shares of the Company upon attaining $4,000,000 US in gross revenue.

The Company was to raise up to $500,000 US to market and fulfill the required obligations of OGI as outlined in the supplemental agreement(s) to follow. The Company and Organa Gardens Inc. agree to allow the shares to sit in trust for a period of 5 years in order for OGI to meet its sales goals. Should the requirements not be met in all or part, then all of the remaining shares will be returned back to the treasury of the Company.

However, On June 9, 2009, the Company signed an amended agreement to acquire all of the assets of Organa Gardens Inc., a Nevada Corporation in the business of hydroponics vertical farming. These assets include but are not limited to all proprietary designs, engineering, technology, business models, plans and intellectual properties pertaining to the Organa Garden System-Discovery (OGS-D) and the Organa Garden System-Enterprise (OGS-E).

Under the terms of the acquisition, the Company will issue 175,000 post-reverse split  restricted 144 shares to Organa Gardens Inc. and/or its nominees (issued) and render a cash commitment of up to $250,000 to complete the final steps of taking the OGS-D and OGS-E to market. This agreement replaces the agreement dated March 9, 2009.

All research and development costs are expensed as incurred and include costs of consultants who conduct research and development on behalf of the Company. For the years ended December 30, 2012 and 2011, the Company incurred $Nil in research and development costs. The Company has determined that it will no longer be proceeding with this project.

(b). On July 29, 2011, the Company has signed a Letter of Intent with Integrated Green Technologies LLC (IGT), of Fort Lauderdale, Florida to merge the two companies. A definitive agreement of the merger will be an exchange of restricted shares of the Company’s stock to IGT shareholders effecting a change of business which will still follow the Company’s green mandate. On August 17, 2011 the Company entered into a formal agreement with IGT and is currently conducting its due diligence. IGT is an industrial tools, machinery & equipment manufacturer including consumable supplies & materials. IGT is a distributor of heavy-duty blasting equipment and “green” environmentally safe mobile powder coating systems featuring the pending patent, Triplex Electrostatic/Electrostatic Thermal Spray/Non Electrostatic Thermal Spray and Powder Coating Spray and Conversion Device. The Company had advanced $8,000 to IGT for prepaid expenses as of December 31, 2011. The Company has written off this amount as of December 31, 2011. Upon completion of the due diligence process, the Company will issue a structured release of 3,000,000 post-reverse split restricted shares to be transferred under the Agreement. The structure shall be as follows: upon execution of the Agreement, 1,500,000 post-reverse split shares shall be issued immediately thereafter, an additional 750,000 post-reverse split shares shall be issued 120 days following the execution date and the balance of 750,000 post-reverse split shares shall be issued 240 days following the execution date. The Company is required to provide $250,000 in funding to IGT over a period of one year. As a result of the due diligence process, the Company is not proceeding with this acquisition due to complications with the current patent filed by IGT. Should IGT move forward and correct the deficiencies with the patent, the Company will re-consider the project.

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INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2012

Notes to Financial Statements

NOTE 4 - INTANGIBLE ASSETS

On November 23, 2012, the Company signed an Exclusive Licensing Agreement with Water-For-The-World-Manufacturing Inc. of  Wellpinit, Washington with respect to its commercial atmospheric water harvester system.

Water-For-The-World-Manufacturing Inc. is a leader in the design, manufacture and distribution of water from air systems known as Air-to-Water Harvesters that extracts moisture from the air through a dehumidification process then filters and purifies the water for consumption. The company has developed a unique air drive system that will enable the machine not only to be powered through a conventional power source but also in emergency situations the machine can be powered directly from an engine using its patented drive system. The atmospheric water harvester can produce up to 3000 gallons of drinking water under optimum conditions.

Water-For-The-World-Manufacturing Inc. has appointed Bravo Enterprises Ltd. as its exclusive worldwide manufacturing and sales representative for the consideration of 120,000,000 restricted common shares of Bravo Enterprises Ltd. The company has proven concept and developed a production model exclusively for the generation of water for human consumption.

A portion of the 120,000,000 restricted common share consideration is being received by certain shareholders that also owned shares in Bravo Enterprises Ltd. prior to the November 23, 2012 agreement. The value of these shares considered a related party portion is $67,257 and as such, this amount has been eliminated from the transaction.

Intangible assets include the following:

Description	December 31,			December 31,
	2012			2011
18 year general license to manufacture and distribute water units	$	1,560,000		$	-
Less: related party portion of consideration for license		(67,257	)		-
Less: accumulated amortization		-			-
Balance	$	1,492,743		$	-

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INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2012

Intangible Assets Tables

Intangible assets

Intangible assets include the following:

Description	December		December
	31, 2012		31, 2011
18 year general license to manufacture and distribute water units	$	1,560,000	$	-
Less: related party portion of consideration for license		(67,257)		-
Less: accumulated amortization		-		-
Balance	$	1,492,743	$	-

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SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2012

Notes to Financial Statements

NOTE 12 - SUBSEQUENT EVENTS

The Company issued 80,000 restricted common shares valued at $8,000 pursuant to a consulting services agreement.

The Company issued 862,500 restricted common shares for cash in the amount of $85,000 ($5,000 received prior to December 31, 2012 and $80,000 received in January, 2013) pursuant to private placement subscription agreements.

In March, 2012, a majority of the shareholders entitled to vote on such matters approved an increase in the authorized common stock, $.001 par value from 200,000,000 authorized to 500,000,000 authorized.

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RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2012

Notes to Financial Statements

NOTE 8- RELATED PARTY TRANSACTIONS

During the year ended December 31, 2012, the Company incurred $4,000 (2011 -$6,125) in management fees to directors.

During the year ended December 31, 2012 the Company incurred $32,507 (2011 - $31,572) in rent and office expenses to a private company controlled by a shareholder.

During the year ended December 31, 2012, significant shareholders and companies controlled by significant shareholders earned $77,880 (2011 - $42,838) pursuant to prepaid services agreements.

During the year ended December 31, 2012, the Company acquired a exclusive license to manufacture and distribute air-to-water harvester units for consideration of 120,000,000 restricted common shares of the Company valued at $1,560,000. A portion of the 120,000,000 restricted common share consideration is being received by certain shareholders that also owned shares in Bravo Enterprises Ltd. prior to the November 23, 2012 agreement. The value of these shares considered a related party portion is $67,257 and as such, this amount has been eliminated from the transaction, leaving a net value of $1,492,743 for the license.

During the year ended December 31, 2012, the Company had sales of water units to related parties in the amount of $2,396 (2011 - $Nil).

As at December 31, 2012, accounts receivable include $2,683 (2011 - $Nil) due from related parties from the sale of water units.

The following amounts are due to related parties at:

	December 31, 2012		December 31, 2011
Significant shareholders	$	2,142	$	79,071

All related party transactions are in the normal course of business and are measured at the exchange amount, which is the amount of consideration established and agreed to by the related parties. During the year, the Company issued shares pursuant to the exercise of stock options at $0.013 per share to satisfy debt to related parties in the amount of $197,000.

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DEFERRED COMPENSATION

12 Months Ended

Dec. 31, 2012

Notes to Financial Statements

NOTE 6- DEFERRED COMPENSATION

On July 1, 2011 the Company entered into an agreement with Compte de Sierge Accomodative Corp. (“Compte”), a private company controlled by a significant shareholder, with an eighteen month term, whereby Compte provides investor relations services to the Company specific to the hydroponic vertical farming project (valued at $22,500) in exchange for 75,000 restricted shares of the Company’s common stock.  

On July 1, 2011, the Company entered into an agreement with Charlton Investments Ltd. (“Charlton”), a private company controlled by a significant shareholder, with a two-year term, whereby Charlton provides investment-banking services to the Company (valued at $30,000) in exchange for 100,000 restricted shares of the Company’s common stock.

On July 1, 2011, the Company entered into agreements with three consultants, for a twelve month term, whereby the consultants provide consulting services to the Company (valued at $45,000) in exchange for 150,000 shares of the Company’s common stock.

On December 1, 2011, the Company entered into an agreement with a consultant, for a twelve month term, whereby the consultant will provide consulting services to the Company (valued at $1,800) in exchange for 22,500 shares of the Company’s common stock.

On July 16, 2012 the Company entered into an agreement with Palisades Financial Ltd. (“Palisades”), a private company controlled by a significant shareholder, with a two year term, whereby Palisades provides investor relations services to the Company (valued at $27,625) in exchange for 1,250,000 restricted shares of the Company’s common stock.  

On July 16, 2012, the Company entered into an agreement with 1063244 Alberta Ltd. (“1063244”), a private company controlled by a significant shareholder, with a two-year term, whereby 1063244 provides investment-banking services to the Company (valued at $33,150) in exchange for 1,500,000 restricted shares of the Company’s common stock.

On July 16, 2012, the Company entered into agreements with two consultants, for a two year term, whereby the consultants provide consulting services to the Company (valued at $38,675) in exchange for 1,750,000 shares of the Company’s common stock.

The Company amortizes the costs of these services over the respective terms of the contracts.  During the years ended December 31, 2012 and 2011, the Company recorded amortization of deferred compensation totaling $77,880 and $42,838 respectively. As of December 31, 2012 the unamortized portion of the deferred compensation totaled $84,160. (December 31, 2011 - $62,590).

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STOCKHOLDERS' EQUITY

12 Months Ended

Dec. 31, 2012

Notes to Financial Statements

NOTE 7- STOCKHOLDERS' EQUITY

In April, 2012, a majority of the shareholders entitled to vote on such matters approved a change of name from Organa Gardens International Inc. to “Bravo Enterprises Ltd.” and a one-for-twenty (1:20) stock split of all of this Company’s outstanding common stock, without any change in par value for the shares of common stock of this Company. The stock split did not include a change in the authorized capital of the Company. On April 23, 2012, a Certificate of Amendment to its Articles of Incorporation was filed with the State of Nevada changing the name to Bravo Enterprises Ltd., effective June 1, 2012. As advised on May 9, 2012, the Company’s CUSIP Number changed from 68618Y 10 6 to 10567L 10 7. On June 8, 2012, the Company began to trade as Bravo Enterprises Ltd. under the same trading symbol being “OGNG”. Pre-split the total shares outstanding was 61,796,467 and post-split the total shares outstanding was 3,089,823.

(1) 2012 Stock Transactions- During the year ended December 31, 2012:

(a)    The Company issued 4,500,000 restricted common shares valued at $99,450 pursuant to deferred compensation agreements. (See Note 6)

(b)    The Company issued 120,000,000 restricted common shares valued at $1,492,743 pursuant to the exclusive licensing agreement acquiring the manufacturing and distribution rights for the air to water harvester units. (See Note 4)

(c)    The Company issued a total of 19,000,000 common shares pursuant to the exercise of options under the Company’s 2012 Stock Incentive and Option Plan. These shares were issued at $0.013 per share for cash in the amount of $50,000 and to satisfy debt to related parties in the amount of $197,000 for a total of $247,000

(d)    The Company issued 625,000 restricted common shares for cash in the amount of  $50,000 pursuant to a private placement subscription agreement. The Company received an additional $5,000 pursuant to a private placement subscription agreement and issued the  62,500 restricted common shares to the subscriber subsequent to year end. (See Note 12)

(2) 2011 Stock Transactions -During the year ended December 31, 2011:

(a)    The Company issued 25,000 restricted common shares valued at $125 to a new director for his services.

(b)    The Company issued 6,950,000 restricted common shares valued at $99,300 pursuant to deferred compensation agreements. (See Note 6)

(c)    The Company issued a total of 2,345,000 common shares pursuant to the exercise of options under the Company’s 2009 Stock Incentive and Option Plan. 1,650,000 shares were issued at $0.02 per share to satisfy debt to related parties in the amount of $33,000 and 695,000 shares were issued at $0.01 per share for consulting services totaling $6,950.

(d)    The Company issued 9,800,000 common shares pursuant to the Company’s 2011 Stock Incentive and Option Plan with a value of $78,000 for satisfaction of debt to related parties.

(3)  2012 Stock Options

The Company issued a total of 19,000,000 common shares pursuant to the exercise of options under the Company’s 2012 Stock Incentive and Option Plan. These shares were issued at $0.013 per share for cash in the amount of $50,000 and to satisfy debt to related parties in the amount of $197,000, for a total of 247,000.

The Company’s stock option activity is as follows:

	Number of options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in years)
Balance, December 31, 2011		-			-		-
Granted during 2012		26,000,000			0.013		5.00
Exercised during 2012		(19,000,000	)		0.013
Balance, December 31, 2012		7,000,000			0.013		5.00

On December 7, 2012 the Company filed Registration Statements on Form S-8 to register 26,000,000 to be issue pursuant to the Company’s 2012 Stock. Incentive and Option Plan. All 26,000,000 shares have been granted and 19,000,000 have been exercised under the December 2012 Stock Option Plan.

The fair value of 7,000,000 of the common stock options granted during the year was measured at the grant date using the Black-Scholes option pricing model with the following weighted average assumptions:

Expected dividend yield	0	%
Risk-free interest rate	4.99	%
Expected volatility	164.35	%
Expected option life (in years)	1

The Company recognized stock-based compensation of $70,000 in accordance with SFAS 123R which represented the fair value of stock options granted to consultants in exchange for services rendered to the Company.

(4) 2011 Stock Options   The Company issued a total of 2,345,000 common shares pursuant to the exercise of options under the Company’s 2009 Stock Incentive and Option Plan. 1,650,000 shares were issued at $0.02 per share to satisfy debt to related parties in the amount of $33,000 and 695,000 shares were issued at $0.01 per share for consulting services.   The Company issued 9,800,000 common shares pursuant to the Company’s 2011 Stock. Incentive and Option Plan with a value of $78,000 for satisfaction of debt to related parties.   The Company’s stock option activity is as follows:

	Number of options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in years)
Balance, December 31, 2007		-			-		-
Granted during 2008		419,300			0.11		5.00
Exercised during 2008		(419,300	)		0.11
Balance, December 31, 2008		-			-		-
Granted during the period		8,498,000			0.01
Exercised during the period		(8,498,000	)		0.01
Balance, December 31, 2009		-			-		-
Granted during 2010		9,361,033			0.01
Exercised during 2010		(9,361,033	)		0.01
Balance, December 31, 2010		-			-		-
Granted during the period		12,145,000			0.01
Exercised during the period		(12,145,000	)		0.01
Balance, December 31, 2011		-			-		-

As of December 31, 2010, there were no stock options available for grant under the Company’s 2006 Stock Incentive and Option Plan.

As of December 31, 2010, there were no stock options available for grant under the Company’s 2007 Stock Incentive and Option Plan.

As of December 31, 2010, there were no stock options available for grant under the Company’s two 2009 Stock Incentive and Option Plan.

As of December 31, 2010, there were no stock options available for grant under the Company’s 2011 Stock Incentive and Option Plan.

On June 30, 2011 the Company filed Registration Statements on Form S-8 to register 9,800,000 to be issue pursuant to the Company’s 2011 Stock Incentive and Option Plan. All 9,800,000 shares have been granted and exercised under the June 2011 Stock Option Plan.

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SUPPLEMENTAL CASH FLOW INFORMATION

12 Months Ended

Dec. 31, 2012

Notes to Financial Statements

NOTE 9 - SUPPLEMENTAL CASH FLOW INFORMATION

	Year ended December 31, 2012		Year ended December 31, 2011
Cash paid during the year for:
Interest	$	-	$	-
Income taxes	$	-	$	-

During the year ended December 31, 2012 the Company issued:

*     4,500,000 restricted common shares valued at $99,450 pursuant to deferred compensation agreements. (See Note 6)

*     120,000,000 restricted common shares valued at $1,492,743 pursuant to the exclusive licensing agreement acquiringthe manufacturing and distribution rights for the air to water harvester units. (See Note 4)

*     19,000,000 common shares pursuant to the exercise of options under the Company’s 2012 Stock Incentive and Option Plan. These shares were issued at $0.013 per share for cash in the amount of $50,000 and to satisfy debt to related parties in the amount of $197,000.

*     625,000 restricted common shares valued at $50,000 pursuant to a private placement subscription agreement.

*     An additional $5,000 pursuant to a private placement subscription agreement and issued the 62,500 restricted common shares to the subscriber subsequent to year end.

During the year ended December 31, 2011 the Company issued:

• 25,000 restricted common shares valued at $125 to a new director for his services.

• 6,950,000 restricted common shares valued at $99,300 pursuant to deferred compensation agreements. (See Note 6)

• 9,800,000 common shares at $0.012 per share pursuant to the Company’s 2011 Stock. Incentive and Option Plan with a value of $78,000 for satisfaction of debt to related parties.

• 2,345,000 common shares pursuant to the exercise of options under the Company’s 2009 Stock Incentive and Option Plan. 1,650,000 shares were issued at $0.02 per share to satisfy debt to related parties in the amount of $33,000 and 695,000 shares were issued at $0.01 per share for consulting services.

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INTANGIBLE ASSETS (Details) (USD $)	Dec. 31, 2012	Dec. 31, 2011
Intangible Assets Details
18 year general license to manufacture and distribute water units	$ 1,560,000
Less: related party portion of consideration for license	(67,257)
Less: accumulated amortization
Balance	$ 1,492,743

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2012

Summary Of Significant Accounting Policies Tables

Derivative assets and liabilities

The application of the three levels of the fair value hierarchy under Topic 820-10-35 to our assets and liabilities are described below:

	Fair Value Measurements
	Level 1		Level 2		Level 3		Total Fair Value
Assets
Cash	$	86,781	$	-	$	-	$	425,380
Taxes recoverable		1,233						1,233
Accounts Receivable		3,354						3,354
Available securities		3,030		-		-		3,030
Intangible Assets		-		-		1,492,743		1,492,743
Total	$	94,398	$	-	$	1,492,743	$	1,587,141
Liabilities
Current and related party	$	496,199	$	-	$	-	$	496,199
Total	$	496,199	$	-	$	-	$	496,199

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SUPPLEMENTAL CASH FLOW INFORMATION (Tables)

12 Months Ended

Dec. 31, 2012

Supplemental Cash Flow Information Tables

SUPPLEMENTAL CASH FLOW INFORMATION

	Year ended December 31, 2012		Year ended December 31, 2011
Cash paid during the year for:
Interest	$	-	$	-
Income taxes	$	-	$	-

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INCOME TAXES (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2012
Income Taxes Details Narrative
Net operating losses carried forward	$ 25,200,000
Net operating losses carried forward expiry	2030

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RELATED PARTY TRANSACTIONS (Details) (USD $)	Dec. 31, 2012	Dec. 31, 2011
Related Party Transactions Details
Significant shareholders	$ 2,142	$ 79,071

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STATEMENT OF STOCKHOLDERS' EQUITY (USD $)	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Deferred Compensation	Subscriptions	Treasury Stock	Promissory Notes Receivable	Deficit Accumulated During The Exploration Stage	Total
Beginning Balance, Amount at Dec. 31, 1995		$ 4,361,900				$ (199,167)		$ (4,460,633)	$ (297,900)
Beginning Balance, Shares at Dec. 31, 1995	208
Shares issued to settle litigation - Jan. 9, 1996, Amount		2,469,882							2,469,882
Shares issued to settle litigation - Jan. 9, 1996, Shares	21
Net loss								(2,726,232)	(2,726,232)
Ending Balance, Amount at Dec. 31, 1996	229
Ending Balance, Shares at Dec. 31, 1996		6,831,782				(199,167)		(7,186,865)	(554,250)
Shares issued to settle note payable and accrued interest -Jan. 25, 1997, Amount		477,000							477,000
Shares issued to settle note payable and accrued interest -Jan. 25, 1997, Shares	208
Shares issued for services at $1,801.20 per share - April 15, 1997, Amount		41,250							41,250
Shares issued for services at $1,801.20 per share - April 15, 1997, Shares	23
Shares issued for services at $610.00 per share - May 26, 1997, Amount	173
Shares issued for services at $610.00 per share - May 26, 1997, Shares		105,500							105,500
Net loss								(93,933)	(93,933)
Ending Balance, Amount at Dec. 31, 1997	633
Ending Balance, Shares at Dec. 31, 1997		7,455,532				(199,167)		(7,280,798)	(24,433)
Shares issued for services at $288.00 per share - Dec. 28, 1998, Amount		24,000							24,000
Shares issued for services at $288.00 per share - Dec. 28, 1998, Shares	83
Shares issued for services at $120.00 per share - Dec. 28, 1998, Amount		750							750
Shares issued for services at $120.00 per share - Dec. 28, 1998, Shares	6
Net loss								(45,655)	(45,655)
Ending Balance, Amount at Dec. 31, 1998		7,480,282				(199,167)		(7,326,453)	(45,338)
Ending Balance, Shares at Dec. 31, 1998	722
Shares issued for services at $547.60 - Dec. 28, 1999, Amount		36,500							36,500
Shares issued for services at $547.60 - Dec. 28, 1999, Shares	67
Net loss								(26,218)	(26,218)
Ending Balance, Amount at Dec. 31, 1999		7,516,782				(199,167)		(7,352,671)	(35,056)
Ending Balance, Shares at Dec. 31, 1999	789
Correction of treasury stock		(199,167)				199,167
Shares issued for software development at $720.00 per share - March 23, 2000, Amount	1	599,999							600,000
Shares issued for software development at $720.00 per share - March 23, 2000, Shares	833
Shares issued for services and interest at $240.00 per share - Sept. 22, 2000, Amount		13,250							13,250
Shares issued for services and interest at $240.00 per share - Sept. 22, 2000, Shares	55
Shares issued for interest in oil and gas property at $696.00 per share - Sept. 22, 2000, Amount	3	1,594,997							1,595,000
Shares issued for interest in oil and gas property at $696.00 per share - Sept. 22, 2000, Shares	2,292
Shares issued for services and advances at $1,008.00 per share - Sept. 24, 2000, Amount		306,600							306,600
Shares issued for services and advances at $1,008.00 per share - Sept. 24, 2000, Shares	304
Shares issued for services at $1,800.00 per share - Nov. 6, 2000, Amount		355,800							355,800
Shares issued for services at $1,800.00 per share - Nov. 6, 2000, Shares	198
Share reconciliation, Amount		(1)							(1)
Share reconciliation, Shares	(1)
Net loss								(1,223,108)	(1,223,108)
Ending Balance, Amount at Dec. 31, 2000	4	10,188,260						(8,575,779)	1,612,485
Ending Balance, Shares at Dec. 31, 2000	4,470
Common stock subscriptions, 417 shares at $1,680.00 perr share, net of finder's fee of $70,000 - Jan. 30, 2001, Amount						630,000			630,000
Shares issued for Harvester Property finder's fee at $1,402.80 per share - Feb. 27, 2001, Amount		29,250							29,250
Shares issued for Harvester Property finder's fee at $1,402.80 per share - Feb. 27, 2001, Shares	21
Shares issued for debt at $1,728.00 per share - March 27, 2001, Amount		310,517							310,517
Shares issued for debt at $1,728.00 per share - March 27, 2001, Shares	180
Shares issued for cash at $1,200.00 per share - July 13, 2001, Amount		175,000							175,000
Shares issued for cash at $1,200.00 per share - July 13, 2001, Shares	146
Shares issued for debt at $1,200.00 per share - Aug. 15, 2001, Amount		217,229							217,229
Shares issued for debt at $1,200.00 per share - Aug. 15, 2001, Shares	181
Common stock subscriptions, 2 shares at $1,200.00 per share - July 10, 2001						3,000			3,000
Shares issued for cash at $648.00 per share, net of finder's fee of $30,000 - Oct. 12, 2001, Amount	1	269,999							270,000
Shares issued for cash at $648.00 per share, net of finder's fee of $30,000 - Oct. 12, 2001, Shares	417
Shares issued for debt at $960.00 per share - Nov. 5, 2001, Amount		211,333							211,333
Shares issued for debt at $960.00 per share - Nov. 5, 2001, Shares	220
Shares issued for deferred compensation at $1,127.80 per share - Nov. 15, 2001, Amount		94,000		(94,000)
Shares issued for deferred compensation at $1,127.80 per share - Nov. 15, 2001, Shares	83
Deferred compensation expense recorded in the year				3,917					3,917
Net loss								(3,120,340)	(3,120,340)
Ending Balance, Amount at Dec. 31, 2001	5	11,495,588		(90,083)		633,000		(11,696,119)	342,391
Ending Balance, Shares at Dec. 31, 2001	5,718
Deferred compensation expense recorded in the year				44,707					44,707
Shares returned to treasury and cancelled - Jan. 21, 2002, Amount		(9,500)							(9,500)
Shares returned to treasury and cancelled - Jan. 21, 2002, Shares	(20)
Shares issued from stock subscriptions - Jan. 31, 2002, Amount	1	629,999				(630,000)
Shares issued from stock subscriptions - Jan. 31, 2002, Shares	417
Shares issued for services at $816.00 per share - Feb. 19, 2002, Amount		311,478							311,478
Shares issued for services at $816.00 per share - Feb. 19, 2002, Shares	382
Shares issued for acquisition of rights at $792.00 per share - March 6, 2002, Amount	2	1,319,998							1,320,000
Shares issued for acquisition of rights at $792.00 per share - March 6, 2002, Shares	1,667
Shares issued for services at $816.00 per share - March 31, 2002, Amount		119,000							119,000
Shares issued for services at $816.00 per share - March 31, 2002, Shares	146
Shares issued for services at $336.00 per share - May 21, 2002, Amount	2	601,608							601,610
Shares issued for services at $336.00 per share - May 21, 2002, Shares	1,790
Shares returned to treasury and cancelled - June 5, 2002, Amount		(33,000)							(33,000)
Shares returned to treasury and cancelled - June 5, 2002, Shares	(42)
Shares issued for cash at $1,200.00 per share - Sept. 5, 2002, Amount		3,000				(3,000)
Shares issued for cash at $1,200.00 per share - Sept. 5, 2002, Shares	2
Shares issued for services at $192.00 per share - Sept 5, 2002, Amount	1	169,599							169,600
Shares issued for services at $192.00 per share - Sept 5, 2002, Shares	883
Shares issued for fees at $192.00 per share - Sept. 5, 2002, Amount		32,000							32,000
Shares issued for fees at $192.00 per share - Sept. 5, 2002, Shares	167
Shares issued for deferred compensation at $28.80 per share - Dec. 13, 2002, Amount	28	779,972		(780,000)
Shares issued for deferred compensation at $28.80 per share - Dec. 13, 2002, Shares	27,083
Shares issued for services at $28.80 per share - Dec. 16, 2002, Amount	15	442,785							442,800
Shares issued for services at $28.80 per share - Dec. 16, 2002, Shares	15,375
Net loss								(3,360,353)	(3,360,353)
Ending Balance, Amount at Dec. 31, 2002	54	15,862,527		(825,376)				(15,056,472)	(19,267)
Ending Balance, Shares at Dec. 31, 2002	53,568
Deferred compensation expense recorded in the year				352,332					352,332
Shares issued for stock options at $36.00 - Jan. 2, 2003, Amount	1	44,999							45,000
Shares issued for stock options at $36.00 - Jan. 2, 2003, Shares	1,250
Shares issued for stock options at $36.00 - Jan. 24, 2003, Amount		15,000							15,000
Shares issued for stock options at $36.00 - Jan. 24, 2003, Shares	417
Shares issued for stock options at $36.00 - Feb.18, 2003, Amount		15,000							15,000
Shares issued for stock options at $36.00 - Feb.18, 2003, Shares	416
Shares issued for stock options at $36.00 - Feb.25, 2003, Amount	1	37,499							37,500
Shares issued for stock options at $36.00 - Feb.25, 2003, Shares	1,042
Shares issued for stock options at $36.00 - Mar.3, 2003, Amount	8	292,492							292,500
Shares issued for stock options at $36.00 - Mar.3, 2003, Shares	8,125
Shares returned to treasury and cancelled - Mar. 6, 2003, Amount		(5,500)							(5,500)
Shares returned to treasury and cancelled - Mar. 6, 2003, Shares	(5)
Shares issued for cash at $30.00 per share - Mar. 17,2003, Amount	3	99,997							100,000
Shares issued for cash at $30.00 per share - Mar. 17,2003, Shares	3,333
Shares issued for stock options at $36.00 - May 12, 2003, Amount	4	104,996							105,000
Shares issued for stock options at $36.00 - May 12, 2003, Shares	2,917
Shares issued for stock options at $36.00 - May 30, 2003, Amount	3	104,997							105,000
Shares issued for stock options at $36.00 - May 30, 2003, Shares	2,916
Shares issued for stock options at $7.20 - June 13, 2003, Amount	4	26,996							27,000
Shares issued for stock options at $7.20 - June 13, 2003, Shares	3,750
Shares issued for stock options at $7.20 - June 23, 2003, Amount	1	8,999							9,000
Shares issued for stock options at $7.20 - June 23, 2003, Shares	1,250
Shares issued for stock options at $7.20 - June 26, 2003, Amount		3,000							3,000
Shares issued for stock options at $7.20 - June 26, 2003, Shares	417
Shares returned to treasury and cancelled - July 11, 2003, Amount	(3)	(39,997)							(40,000)
Shares returned to treasury and cancelled - July 11, 2003, Shares	(3,333)
Shares issued for stock options at $7.20 - July 24, 2003, Amount	1	9,749							9,750
Shares issued for stock options at $7.20 - July 24, 2003, Shares	1,354
Shares issued for stock options at $7.20 - August 1, 2003, Amount	1	8,249							8,250
Shares issued for stock options at $7.20 - August 1, 2003, Shares	1,146
Shares issued for stock options at $7.20 - August 3, 2003, Amount		3,000							3,000
Shares issued for stock options at $7.20 - August 3, 2003, Shares	417
Shares issued for stock options at $7.20 - August 11, 2003, Amount	1	6,749							6,750
Shares issued for stock options at $7.20 - August 11, 2003, Shares	937
Shares issued for stock options at $7.20 - August 14, 2003, Amount		2,250							2,250
Shares issued for stock options at $7.20 - August 14, 2003, Shares	312
Shares issued for stock options at $9.60 - August 14, 2003, Amount	2	16,998							17,000
Shares issued for stock options at $9.60 - August 14, 2003, Shares	1,771
Shares issued for stock options at $9.60 - August 29, 2003, Amount	5	50,995							51,000
Shares issued for stock options at $9.60 - August 29, 2003, Shares	5,313
Shares issued for services at $18.00 per share - October 3, 2003, Amount	5	82,995							83,000
Shares issued for services at $18.00 per share - October 3, 2003, Shares	4,611
Shares issued for stock options at $11.40 - October 3, 2003, Amount	7	80,743							80,750
Shares issued for stock options at $11.40 - October 3, 2003, Shares	7,083
Shares issued for stock options at $11.40 - October 6, 2003, Amount	3	28,497							28,500
Shares issued for stock options at $11.40 - October 6, 2003, Shares	2,500
Shares issued for stock options at $9.60 - October 21, 2003, Amount	7	63,993							64,000
Shares issued for stock options at $9.60 - October 21, 2003, Shares	6,667
Shares issued for stock options at $6.60- October 24, 2003, Amount	2	12,222			(10,984)				1,240
Shares issued for stock options at $6.60- October 24, 2003, Shares	1,852
Shares issued for stock options at $5.40 - October 27, 2003, Amount	7	35,993			(36,000)
Shares issued for stock options at $5.40 - October 27, 2003, Shares	6,667
Shares issued for mining property at $10.80 - October 27, 2003, Amount	1	8,999							9,000
Shares issued for mining property at $10.80 - October 27, 2003, Shares	833
Shares issued for stock options at $4.80 - November 3, 2003, Amount	7	34,793			(34,800)
Shares issued for stock options at $4.80 - November 3, 2003, Shares	7,250
Shares issued for stock options at $4.80 - November 12, 2003, Amount	8	39,992			(40,000)
Shares issued for stock options at $4.80 - November 12, 2003, Shares	8,333
Shares issued for stock options at $4.80 - November 13, 2003, Amount	3	14,797			(14,800)
Shares issued for stock options at $4.80 - November 13, 2003, Shares	3,083
Shares issued for stock options at $4.80 - November 18, 2003, Amount	11	51,589			(51,600)
Shares issued for stock options at $4.80 - November 18, 2003, Shares	10,750
Shares issued for stock options at $4.80 - November 24, 2003, Amount	9	43,901			(43,910)
Shares issued for stock options at $.4.80 - November 24, 2003, Shares	9,148
Shares returned to treasury and cancelled - December 15, 2003, Amount	(1)	(17,999)							(18,000)
Shares returned to treasury and cancelled - December 15, 2003, Shares	(1,000)
Stock Based Compensation		651,000							651,000
Net loss								(2,170,465)	(2,170,465)
Ending Balance, Amount at Dec. 31, 2003	155	17,800,510		(473,044)	(232,094)			(17,226,937)	(131,410)
Ending Balance, Shares at Dec. 31, 2003	155,090
Deferred compensation expense recorded in the year				418,582					418,582
Stock Based Compensation		338,500							338,500
Shares issued for services at $7.20 - January 15, 2004, Amount	17	125,983		(126,000)
Shares issued for services at $7.20 - January 15, 2004, Shares	17,500
Share subscriptions received - January 21, 2004					232,094				232,094
Shares issued for debt at $6.60 - February 11, 2004, Amount	26	170,474							170,500
Shares issued for debt at $6.60 - February 11, 2004, Shares	25,833
Shares issued for mineral property at $6.60 - February 27, 2004, Amount	16	109,984							110,000
Shares issued for mineral property at $6.60 - February 27, 2004, Shares	16,667
Shares issued for debt at $4.80 - May 26, 2004, Amount	42	199,958							200,000
Shares issued for debt at $4.80 - May 26, 2004, Shares	41,666
Shares issued for stock options at $3.60 - July 7, 2004, Amount	23	82,477							82,500
Shares issued for stock options at $3.60 - July 7, 2004, Shares	22,917
Shares returned and cancelled - July 9, 2004, Amount	(4)	(18,996)							(19,000)
Shares returned and cancelled - July 9, 2004, Shares	(3,500)
Shares issued for stock options at $4.80 - September 17, 2004, Amount	17	79,983							80,000
Shares issued for stock options at $4.80 - September 17, 2004, Shares	16,666
Shares returned and cancelled - September 28, 2004, Amount	(17)	(79,983)							(80,000)
Shares returned and cancelled - September 28, 2004, Shares	(16,666)
Shares issued for stock options at $3.60 - September 28, 2004, Amount	19	67,481							67,500
Shares issued for stock options at $3.60 - September 28, 2004, Shares	18,750
Shares issued for services at $7.20 - October 1, 2004, Amount	2	12,998		(13,000)
Shares issued for services at $7.20 - October 1, 2004, Shares	1,667
Shares issued for stock options at $4.80 - October 7, 2004, Amount	10	47,990							48,000
Shares issued for stock options at $4.80 - October 7, 2004, Shares	10,000
Shares issued for stock options at $4.80 - November 22, 2004, Amount	55	263,945							264,000
Shares issued for stock options at $4.80 - November 22, 2004, Shares	55,000
Shares issued for stock options at $4.80 - November 23, 2004, Amount	11	55,989							56,000
Shares issued for stock options at $4.80 - November 23, 2004, Shares	11,667
Shares returned and cancelled - November 23, 2004, Amount	(5)	(23,995)							(24,000)
Shares returned and cancelled - November 23, 2004, Shares	(5,000)
Shares returned and cancelled - November 24, 2004, Amount	(1)	(10,499)							(10,500)
Shares returned and cancelled - November 24, 2004, Shares	(1,083)
Shares issued for salaries - December 1, 2004, Amount	2	19,998							20,000
Shares issued for salaries - December 1, 2004, Shares	1,667
Shares returned and cancelled - November 23, 2004, Amount	(33)	(159,967)							(160,000)
Shares returned and cancelled - November 23, 2004, Shares	(33,333)
Shares issued for stock options at $4.80 - December 8, 2004, Amount	21	99,979							100,000
Shares issued for stock options at $4.80 - December 8, 2004, Shares	20,833
Shares issued for stock options at $4.80 - December 13, 2004, Amount	8	37,992							38,000
Shares issued for stock options at $4.80 - December 13, 2004, Shares	7,917
Shares issued for stock options at $4.80 - December 16, 2004, Amount	13	61,987							62,000
Shares issued for stock options at $4.80 - December 16, 2004, Shares	12,917
Unrealized losses on available for sale securities			(10,000)						(10,000)
Net loss								(1,678,056)	(1,678,056)
Ending Balance, Amount at Dec. 31, 2004	377	19,282,788	(10,000)	(193,462)				(18,904,993)	174,710
Ending Balance, Shares at Dec. 31, 2004	377,175
Deferred compensation expense recorded in the year				125,172					125,172
Stock Based Compensation		620,640							620,640
Unrealized losses on available for sale securities			(90,000)						(90,000)
Shares issued for stock options at $16.80 - January 20, 2005, Amount	8	139,992							140,000
Shares issued for stock options at $16.80 - January 20, 2005, Shares	8,333
Shares issued for stock options at $15.60 - January 21, 2005, Amount	5	77,995							78,000
Shares issued for stock options at $15.60 - January 21, 2005, Shares	5,000
Shares issued for services at $15.60 - January 21, 2005, Amount	1	12,999							13,000
Shares issued for services at $15.60 - January 21, 2005, Shares	833
Shares issued for cash at $3.00 - February 4, 2005, net of finder's fee of $130,900 (Note (1)), Amount	99	761,501							761,600
Shares issued for cash at $3.00 - February 4, 2005, net of finder's fee of $130,900 (Note (1)), Shares	99,167
Shares issued for finder's fees at $13.20 - February 7, 2005 (Note 7(1)), Amount	30	394,870							394,900
Shares issued for finder's fees at $13.20 - February 7, 2005 (Note 7(1)), Shares	29,917
Shares issued for services at $13.20 - February 7, 2005, Amount	4	54,996							55,000
Shares issued for services at $13.20 - February 7, 2005, Shares	4,167
Shares issued for stock options at $12.00 - February 10, 2005, Amount	1	12,999							13,000
Shares issued for stock options at $12.00 - February 10, 2005, Shares	1,083
Shares issued for services at $10.80 - February 17, 2005, Amount	2	17,998							18,000
Shares issued for services at $10.80 - February 17, 2005, Shares	1,667
Shares issued for stock options at $10.80 - February 25, 2005, Amount		4,500							4,500
Shares issued for stock options at $10.80 - February 25, 2005, Shares	417
Shares issued for stock options at $10.80 - March 22, 2005, Amount	3	33,837							33,840
Shares issued for stock options at $10.80 - March 22, 2005, Shares	3,133
Shares issued for stock options at $8.40 - April 7, 2005, Amount	4	34,996							35,000
Shares issued for stock options at $8.40 - April 7, 2005, Shares	4,167
Shares issued for stock options at $6.60 - April 21, 2005, Amount	8	54,992							55,000
Shares issued for stock options at $6.60 - April 21, 2005, Shares	8,333
Shares issued for stock options at $7.80 - May 17, 2005, Amount	8	58,492							58,500
Shares issued for stock options at $7.80 - May 17, 2005, Shares	7,500
Shares issued for stock options at $6.60 - April 29, 2005, Amount	4	27,496							27,500
Shares issued for stock options at $6.60 - April 29, 2005, Shares	4,167
Shares issued for stock options at $7.80 - May 26, 2005, Amount	11	84,489							84,500
Shares issued for stock options at $7.80 - May 26, 2005, Shares	10,833
Shares issued for stock options at $7.80 - June 14, 2005, Amount	4	32,496							32,500
Shares issued for stock options at $7.80 - June 14, 2005, Shares	4,167
Shares issued for stock options at $7.80 - June 28, 2005, Amount	5	42,245							42,250
Shares issued for stock options at $7.80 - June 28, 2005, Shares	5,416
Shares issued for services at $8.40 - June 28, 2005, Amount	7	55,993							56,000
Shares issued for services at $8.40 - June 28, 2005, Shares	6,666
Shares issued for stock options at $7.20 - August 10, 2005, Amount	10	73,790							73,800
Shares issued for stock options at $7.20 - August 10, 2005, Shares	10,250
Shares issued for stock options at $7.20 - August 11, 2005, Amount	2	14,998							15,000
Shares issued for stock options at $7.20 - August 11, 2005, Shares	2,083
Shares returned and cancelled - August 30, 2005, Amount	(2)	(16,248)							(16,250)
Shares returned and cancelled - August 30, 2005, Shares	(2,083)
Shares issued for stock options at $6.60 - August 12, 2005, Amount	29	189,721							189,750
Shares issued for stock options at $6.60 - August 12, 2005, Shares	28,750
Shares issued for stock options at $6.60 - September 14, 2005, Amount	4	28,046							28,050
Shares issued for stock options at $6.60 - September 14, 2005, Shares	4,250
Shares issued for stock options at $6.60 - September 22, 2005, Amount	4	27,496							27,500
Shares issued for stock options at $6.60 - September 22, 2005, Shares	4,166
Shares issued for stock options at $6.60 - October 12, 2005, Amount	4	26,946							26,950
Shares issued for stock options at $6.60 - October 12, 2005, Shares	4,083
Shares issued for stock options at $7.80 - November 30, 2005, Amount	2	12,998							13,000
Shares issued for stock options at $7.80 - November 30, 2005, Shares	1,667
Shares issued for stock options at $6.60 - December 21, 2005, Amount	5	31,015							31,020
Shares issued for stock options at $6.60 - December 21, 2005, Shares	4,700
Net loss								(1,950,963)	(1,950,963)
Ending Balance, Amount at Dec. 31, 2005	639	22,195,076	(100,000)	(68,290)				(20,855,956)	1,171,469
Ending Balance, Shares at Dec. 31, 2005	640,007
Deferred compensation expense recorded in the year					134,492				134,492
Stock Based Compensation		241,000							241,000
Unrealized losses on available for sale securities			(8,889)						(8,889)
Shares issued for stock options at $6.60 - January 16, 2006, Amount	3	21,997							22,000
Shares issued for stock options at $6.60 - January 16, 2006, Shares	3,333
Shares issued for stock options at $6.60 - February 6, 2006, Amount	3	21,997							22,000
Shares issued for stock options at $6.60 - February 6, 2006, Shares	3,333
Shares issued for stock options at $6.60 - February 23, 2006, Amount	2	10,998							11,000
Shares issued for stock options at $6.60 - February 23, 2006, Shares	1,667
Shares issued for services at $7.20 - January 21, 2006, Amount	2	11,998							12,000
Shares issued for services at $7.20 - January 21, 2006, Shares	1,667
Shares issued for cash at $2.00 - May 12, 2006, net of fees and expenses of $151,455 (Note (1)), Amount	133	648,412							648,545
Shares issued for cash at $2.00 - May 12, 2006, net of fees and expenses of $151,455 (Note (1)), Shares	133,333
Shares issued for finder's fees - May 6, 2006 - (Note 7(1)), Amount	20	(20)
Shares issued for finder's fees - May 6, 2006 - (Note 7(1)), Shares	20,000
Shares issued for services at $7.20 - May 23, 2006, Amount	1	7,499							7,500
Shares issued for services at $7.20 - May 23, 2006, Shares	833
Shares issued for stock options at $7.20 - May 24, 2006, Amount	2	11,998							12,000
Shares issued for stock options at $7.20 - May 24, 2006, Shares	1,667
Shares issued for services at $9.00 - May 25, 2006, Amount	8	74,992		(75,000)
Shares issued for services at $9.00 - May 25, 2006, Shares	8,333
Shares returned on reduction of finders' fee - September 27, 2006 (Note 7(1)), Amount	(6)	6
Shares returned on reduction of finders' fee - September 27, 2006 (Note 7(1)), Shares	(6,666)
Shares issued for stock options at $6.00 - October 2, 2006, Amount	95	567,405					(567,500)
Shares issued for stock options at $6.00 - October 2, 2006, Shares	94,583
Shares issued for stock options at $6.00 - October 3, 2006, Amount	9	52,491					(52,500)
Shares issued for stock options at $6.00 - October 3, 2006, Shares	8,750
Shares issued for services at $6.00 - November 1, 2006, Amount	8	47,992		(48,000)
Shares issued for services at $6.00 - November 1, 2006, Shares	8,000
Shares issued for services at $7.20 - December 12, 2006, Amount	1	8,399							8,400
Shares issued for services at $7.20 - December 12, 2006, Shares	1,167
Interest accrued on promissory notes receivable							(15,500)		(15,500)
Net loss									(738,090)
Ending Balance, Amount at Dec. 31, 2006	920	23,922,240	(108,889)	(56,798)			(635,500)	(21,594,046)	1,527,927
Ending Balance, Shares at Dec. 31, 2006	920,007
Share reconciliation, Amount
Share reconciliation, Shares	50
Deferred compensation expense recorded in the year				39,798					39,798
Stock Based Compensation		52,149							52,149
Unrealized losses on available for sale securities			614,942						614,942
Shares issued for services at $5.40 - January 16, 2007, Amount		900							900
Shares issued for services at $5.40 - January 16, 2007, Shares	166
Shares returned against promissory notes - April 25, 2007, Amount	(37)	(219,963)					220,000
Shares returned against promissory notes - April 25, 2007, Shares	(36,666)
Shares issued for stock options at $6.00 - April 26, 2007, Amount	13	79,987			(30,000)				50,000
Shares issued for stock options at $6.00 - April 26, 2007, Shares	13,333
Shares issued for stock options at $6.00 - June 5, 2007, Amount	3	19,997			(20,000)
Shares issued for stock options at $6.00 - June 5, 2007, Shares	3,333
Shares issued for services at $ 4.80 - June 12, 2007, Amount	7	31,993							32,000
Shares issued for services at $ 4.80 - June 12, 2007, Shares	6,667
Shares returned against promissory notes - June 19, 2007, Amount	(42)	(249,958)					250,000
Shares returned against promissory notes - June 19, 2007, Shares	(41,666)
Shares issued for stock options at $6.00 - July 15, 2007, Amount	1	4,999							5,000
Shares issued for stock options at $6.00 - July 15, 2007, Shares	833
Shares returned against promissory notes - August 15, 2007, Amount	(7)	(39,993)					40,000
Shares returned against promissory notes - August 15, 2007, Shares	(6,666)
Shares issued for services at $4.80 - August 15, 2007, Amount	7	31,993		(32,000)
Shares issued for services at $4.80 - August 15, 2007, Shares	6,666
Shares issued for stock options at $4.20 - September 21, 2007, Amount	1	6,999							7,000
Shares issued for stock options at $4.20 - September 21, 2007, Shares	1,667
Shares issued for stock options at $4.20 - September 26, 2007, Amount	2	8,748							8,750
Shares issued for stock options at $4.20 - September 26, 2007, Shares	2,083
Shares issued for stock options at $3.40 - October 30, 2007, Amount	5	16,995							17,000
Shares issued for stock options at $3.40 - October 30, 2007, Shares	5,000
Shares issued for stock options at $3.40 - November 1, 2007, Amount	10	33,990							34,000
Shares issued for stock options at $3.40 - November 1, 2007, Shares	10,000
Shares issued for stock options at $3.40 - December 20, 2007, Amount	8	27,192			(25,500)				1,700
Shares issued for stock options at $3.40 - December 20, 2007, Shares	8,000
Shares cancelled - December 31, 2007, Amount	(16)	(50,000)			50,000
Shares cancelled - December 31, 2007, Shares	(16,666)
Shares returned and cancelled - December 31, 2007, Amount	(7)	(25,493)			25,500
Shares returned and cancelled - December 31, 2007, Shares	(7,500)
Settlement of promissory notes including interest							125,500		125,500
Net loss								(593,789)	(593,789)
Ending Balance, Amount at Dec. 31, 2007	868	23,652,791	506,053	(49,000)				(22,187,835)	1,922,877
Ending Balance, Shares at Dec. 31, 2007	868,641
Deferred compensation expense recorded in the year				32,000					32,000
Stock Based Compensation		16,579							16,579
Shares issued for stock options at $2.60 - January 4, 2008, Amount	10	25,990							26,000
Shares issued for stock options at $2.60 - January 4, 2008, Shares	10,000
Shares issued for services at $2.20 - February 27, 2008, Amount	2	5,498							5,500
Shares issued for services at $2.20 - February 27, 2008, Shares	2,500
Shares issued for stock options at $2.00 - July 18, 2008, Amount	11	21,919							21,930
Shares issued for stock options at $2.00 - July 18, 2008, Shares	10,965
Shares issued for services at $2.20 - September 12, 2008, Amount	1	1,749							1,750
Shares issued for services at $2.20 - September 12, 2008, Shares	1,250
Unrealized gains on available for sale securities			340,936						340,936
Net loss								(1,871,917)	(1,871,917)
Ending Balance, Amount at Dec. 31, 2008	892	23,724,526	846,989	(17,000)				(24,059,752)	495,655
Ending Balance, Shares at Dec. 31, 2008	893,356
Unrealized losses on available for sale securities			(795,927)						(795,927)
Shares issued for cash at $1.40 -April 9, 2009, Amount	10	13,990							14,000
Shares issued for cash at $1.40 -April 9, 2009, Shares	10,000
Shares issued for cash at $2.00 -April 9, 2009, Amount	12	24,988							25,000
Shares issued for cash at $2.00 -April 9, 2009, Shares	12,500
Shares issued for cash at $2.00 -April 27, 2009, Amount	3	4,997							5,000
Shares issued for cash at $2.00 -April 27, 2009, Shares	2,500
Shares issued hydroponic vertical farming design valued at $0.03 - June 9,2009, Amount	175	104,825							105,000
Shares issued hydroponic vertical farming design valued at $0.03 - June 9,2009, Shares	175,000
Shares issued for stock options at $ 0.60 - July 21, 2009, Amount	25	14,975							15,000
Shares issued for stock options at $ 0.60 - July 21, 2009, Shares	25,000
Shares issued for stock options at $ 0.60 - August 7, 2009, Amount	100	59,900							60,000
Shares issued for stock options at $ 0.60 - August 7, 2009, Shares	100,000
Shares issued for stock options at $ 0.60 - August 10, 2009, Amount	1	449							450
Shares issued for stock options at $ 0.60 - August 10, 2009, Shares	750
Shares issued for stock options at $ 0.60 - August 25, 2009, Amount	51	30,249							30,300
Shares issued for stock options at $ 0.60 - August 25, 2009, Shares	50,500
Shares issued for stock options at $ 0.60 - September 1, 2009, Amount	3	1,947							1,950
Shares issued for stock options at $ 0.60 - September 1, 2009, Shares	3,250
Shares issued for stock options at $ 0 60 - September 8, 2009, Amount	25	14,975							15,000
Shares issued for stock options at $ 0 60 - September 8, 2009, Shares	25,000
Shares issued for stock options at $ 0.60 - September 14, 2009, Amount	14	8,476							8,490
Shares issued for stock options at $ 0.60 - September 14, 2009, Shares	14,150
Shares issued for stock options at $ 0.60 - September 17, 2009, Amount	5	2,995							3,000
Shares issued for stock options at $ 0.60 - September 17, 2009, Shares	5,000
Shares issued for stock options at $ 0.60 - September 23, 2009, Amount	148	88,352							88,500
Shares issued for stock options at $ 0.60 - September 23, 2009, Shares	147,500
Shares issued for stock options at $ 0.60 - October 22, 2009, Amount	45	26,955							27,000
Shares issued for stock options at $ 0.60 - October 22, 2009, Shares	45,000
Shares issued for deferred compensation at $ 0.31 - November 18, 2009, Amount	25	7,575		(7,600)
Shares issued for deferred compensation at $ 0.31 - November 18, 2009, Shares	25,000
Shares issued for stock options at $ 0.40 - December 16, 2009, Amount	9	3,491							3,500
Shares issued for stock options at $ 0.40 - December 16, 2009, Shares	8,750
Deferred compensation expense				8,844					8,844
Unrealized (loss) gains on available for sale securities			(795,927)						(795,927)
Net loss								(420,380)	(420,380)
Ending Balance, Amount at Dec. 31, 2009	1,543	24,134,639	51,062	(15,756)	0	0	0	(24,480,132)	(308,644)
Ending Balance, Shares at Dec. 31, 2009	1,543,256
Unrealized gains on available for sale securities			46,795						46,795
Deferred compensation expense				14,628					14,628
Shares issued for stock options at $ 0.20 - January 25, 2010, Amount	40	8,010							8,050
Shares issued for stock options at $ 0.20 - January 25, 2010, Shares	40,250
Shares issued for stock options at $ 0.20 - March 9, 2010, Amount	15	2,985							3,000
Shares issued for stock options at $ 0.20 - March 9, 2010, Shares	15,000
Shares issued for stock options at $ 0.20 - March 23, 2010, Amount	5	995							1,000
Shares issued for stock options at $ 0.20 - March 23, 2010, Shares	5,000
Shares issued for stock options at $ 0.20 - April 15, 2010, Amount	50	9,950							10,000
Shares issued for stock options at $ 0.20 - April 15, 2010, Shares	50,000
Shares issued for deferred compensation at $ 0.10 - May 26, 2010, Amount	50	4,950		(5,000)					0
Shares issued for deferred compensation at $ 0.10 - May 26, 2010, Shares	50,000
Shares issued for stock options at $0.06 - October 27, 2010, Amount	20	1,180							1,200
Shares issued for stock options at $0.06 - October 27, 2010, Shares	20,000
Shares issued for stock options at $0.05 - November 24, 2010, Amount	338	14,525							14,863
Shares issued for stock options at $0.05 - November 24, 2010, Shares	337,802
Shares issued for debt to related parties at $0.20- December 9, 2010, Amount	35	6,968							7,003
Shares issued for debt to related parties at $0.20- December 9, 2010, Shares	35,015
Write down of securities			(91,682)						(91,682)
Net loss								(217,210)	(217,210)
Ending Balance, Amount at Dec. 31, 2010	2,096	24,184,202	6,174	(6,128)				(24,697,342)	(510,998)
Ending Balance, Shares at Dec. 31, 2010	2,096,323
Unrealized gains on available for sale securities			53,193						53,193
Deferred compensation expense				42,838					42,838
Write down of securities			(54,378)						(54,378)
Shares issued for services at $0.10 - January 13, 2011, Amount	1	124							125
Shares issued for services at $0.10 - January 13, 2011, Shares	1,250
Shares issued for debt to related parties at $0.40 - April 1, 2011, Amount	83	32,917							33,000
Shares issued for debt to related parties at $0.40 - April 1, 2011, Shares	82,500
Shares issued for services at $0.20 - April 18, 2011, Amount	35	6,915							6,950
Shares issued for services at $0.20 - April 18, 2011, Shares	34,750
Shares issued for deferred compensation at $ 0.30 - July 7, 2011, Amount	325	97,175		(97,500)					0
Shares issued for deferred compensation at $ 0.30 - July 7, 2011, Shares	325,000
Shares issued for debt to related parties at $0.24 - August 2, 2011, Amount	70	16,730							16,800
Shares issued for debt to related parties at $0.24 - August 2, 2011, Shares	70,000
Shares issued for debt to related parties at $0.24 - August 15, 2011, Amount	90	21,510							21,600
Shares issued for debt to related parties at $0.24 - August 15, 2011, Shares	90,000
Shares issued for debt to related parties at $0.24 - August 19, 2011, Amount	75	17,925							18,000
Shares issued for debt to related parties at $0.24 - August 19, 2011, Shares	75,000
Shares issued for debt to related parties at $0.24 - September 12, 2011, Amount	35	8,365							8,400
Shares issued for debt to related parties at $0.24 - September 12, 2011, Shares	35,000
Shares issued for deferred compensation at $ 0.30 - December 1, 2011, Amount	22	1,778		(1,800)					0
Shares issued for deferred compensation at $ 0.30 - December 1, 2011, Shares	22,500
Shares issued for debt to related parties at $0.06 - December 29, 2011, Amount	220	12,980							13,200
Shares issued for debt to related parties at $0.06 - December 29, 2011, Shares	220,000
Net loss								(202,130)	(202,130)
Ending Balance, Amount at Dec. 31, 2011	3,052	24,400,621	4,989	(62,590)				(24,899,472)	(553,400)
Ending Balance, Shares at Dec. 31, 2011	3,052,323
Unrealized losses on available for sale securities			(3,089)						(3,089)
Deferred compensation expense				77,880					77,880
Shares issued for deferred compensation at $ 0.0221 - September 14, 2012, Amount	4,500	94,950		(99,450)					0
Shares issued for deferred compensation at $ 0.0221 - September 14, 2012, Shares	4,500,000
Shares issued for license - water harvester units at $0.013 - December 6, 2012, Amount	120,000	1,372,743							1,492,743
Shares issued for license - water harvester units at $0.013 - December 6, 2012, Shares	120,000,000
Share adjustment for related party portion of shares issued for license			(67,257)						(67,257)
Shares issued for debt to related parties($145,000) & cash ($50,000)at $0.013 - December 11, 2012, Amount	15,000	180,000							195,000
Shares issued for debt to related parties($145,000) & cash ($50,000)at $0.013 - December 11, 2012, Shares	15,000,000
Shares iisued for debt to related parties = December 13, 2012, Amount	4,000	48,000							52,000
Shares iisued for debt to related parties = December 13, 2012, Shares	4,000,000
Shares issued for cash at $.08 - December 13, 2012, Amount	625	49,375							50,000
Shares issued for cash at $.08 - December 13, 2012, Shares	625,000
Shares to be issued					93,000				93,000
Share subsriptions receivable - 800,000 shares at $0.10					(80,000)				(80,000)
Stock Based Compensastion		70,000							70,000
Common stock subscriptions					93,000				93,000
Unrealized (loss) gains on available for sale securities			(3,089)						(3,089)
Share reconciliation and rounding after 1:20 reverse split June 7, 2012, Amount	1	(975)							(974)
Share reconciliation and rounding after 1:20 reverse split June 7, 2012, Shares	1,207
Net loss								(302,218)	(302,318)
Ending Balance, Amount at Dec. 31, 2012	$ 147,178	$ 26,214,714	$ 1,900	$ (84,160)	$ 13,000			$ (25,201,690)	$ 1,090,942
Ending Balance, Shares at Dec. 31, 2012	147,178,530

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AVAILABLE FOR SALE SECURITIES - RELATED PARTIES

12 Months Ended

Dec. 31, 2012

Notes to Financial Statements

NOTE 3 - AVAILABLE FOR SALE SECURITIES - RELATED PARTIES

Terralene Fuels

During 2004, the Company received 111,111 restricted Rule 144 shares of Terralene Fuels Corporation (“Terralene Fuels”), a public company with directors and significant shareholders in common.  The restricted shares were received as non-refundable consideration pursuant to agreements with Terralene Fuels dated November 10, 2004 and December 10, 2004 to acquire certain mineral property interests from the Company.  These agreements were subsequently terminated.

Effective December 31, 2004 the Company recorded, as other comprehensive loss for the year, a $10,000 unrealized loss in the carrying value of its shares of Terralene Fuels.  During the years ended December 31, 2005 and 2006 the Company recorded additional unrealized losses in the carrying value of its shares of Terralene Fuels totalling $90,000 and $8,889 respectively, which were recorded as other comprehensive loss for those years.  During the year ended December 31, 2007, the Company sold 2,500 shares resulting in a realized gain of $165 and recorded an additional unrealized loss of $473 in 2007. During the year ended December 31, 2008, the Company sold 10,000 shares resulting in a realized loss of $800 and recorded an additional unrealized loss of $15,026 to December 31, 2008. As a result, the carrying value of the available for sale shares of Terralene Fuels is $2,712 as at December 31, 2008.

During the year ended December 31, 2009, the Company recorded an unrealized gain of $1,232. As a result, the carrying value of the available for sale shares of Terralene Fuels is $3,945 as at December 31, 2009.

During the year ended December 31, 2010, the Company sold Nil Terralene Fuels shares and recorded an unrealized gain of $11,774. As a result, the carrying value of the available for sale shares of Terralene Fuels is $2,860 as at December 31, 2010. Effective December 31, 2010, the Company recorded a $12,859 write-down of its investment in Golden due to an other-than-temporary decline in the value of the shares.

During the year ended December 31, 2011, the Company sold Nil Terralene Fuels shares and recorded an unrealized loss of $2,623. As a result, the carrying value of the available for sale shares of Terralene Fuels is $237 as at December 31, 2011. Effective December 31, 2011, the Company recorded a $2,909 write-down of its investment in Golden due to an other-than-temporary decline in the value of the shares.

During the year ended December 31, 2012, the Company sold Nil Terralene Fuels shares and recorded an unrealized loss of $148. As a result, the carrying value of the available for sale shares of Terralene Fuels is $89 as at December 31, 2012.

Legacy Platinum

During 2003 the Company settled an outstanding debt receivable of $122,988 from Legacy Mining Ltd. (“Legacy”) for the issue of 1,229,880 restricted shares of Legacy representing a then 9.8% interest in Legacy. During 2004, the Company wrote this investment down to $1 because management determined that it was not recoverable within a reasonable period of time.

Effective December 31, 2007, the Company recorded, as other comprehensive income for the year, a $604,440 unrealized gain in the carrying value of its shares of Legacy.

During the year ended December 31, 2008, the Company sold 150,000 Legacy shares resulting in a realized gain of $26,100 and recorded an additional unrealized gain of $270,562 to December 31, 2008. As a result, the carrying value of the available for sale shares of Legacy was $885,502 as at December 31, 2008.

During the year ended December 31, 2009, the Company sold 30,985 Legacy shares resulting in a realized loss of $2,987 (net of commissions of $595) and recorded an additional unrealized loss of $797,161 to December 31, 2009. As a result, the carrying value of the available for sale shares of Legacy is $ 62,934 as at December 31, 2009. 

During the year ended December 31, 2010, the Company the Company received 2,627,440 restricted shares of Legacy valued to $131,372 pursuant to a debt settlement and sold Nil Legacy shares. The Company recorded an unrealized gain in the carrying value of its available-for-sale securities totaling $35,021, which was recorded as other comprehensive income (loss). As a result, the carrying value of the available for sale shares of Legacy is $58,822 as at December 31, 2010. Effective December 31, 2010, the Company recorded a $78,823 write-down of its investment in Legacy due to an other-than-temporary decline in the value of the shares.

During the year ended December 31, 2011, the Company sold Nil Legacy shares and recorded an unrealized loss of $52,939. As a result, the carrying value of the available for sale shares of Legacy is $5,882 as at December 31, 2011. Effective December 31, 2011, the Company recorded a $51,469 write-down of its investment in Legacy due to an other-than-temporary decline in the value of the shares.

During the year ended December 31, 2012, the Company sold Nil Legacy shares and recorded an unrealized loss of $2,941. As a result, the carrying value of the available for sale shares of Legacy is $2,941 as at December 31, 2011

Available for sale securities – related parties include the following:

	December 31,		December 31,
	2012		2011
3,676,335  (2011-3,676,335) shares of Legacy Platinum Group Inc.	$	2,941	$	5,882
98,612  (2011- 98,612) shares of Terralene Fuels Corporation		89		237
	$	3,030	$	6,119

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COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2012

Commitments And Contingencies Tables

Future rent payments obligation

Payments	2013		2014		2015		TOTAL
Office Rent	$	30,000	$	30,000	$	30,000	$	90,000

XML

STOCKHOLDERS' EQUITY (Details 1)	12 Months Ended
	Dec. 31, 2012
Stockholders Equity Details 1
Expected dividend yield	0.00%
Risk-free interest rate	4.99%
Expected volatility	164.35%
Expected option life (in years)	1 year

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2012

Summary Of Significant Accounting Policies Policies

Nature Of Operations And Basis Of Presentation

The Company was incorporated as Venture Investments Inc. under the Laws of the State of Nevada on November 29, 1983.  The Company underwent a name change to Asdar Group on December 10, 1987, a name change to Precise Life Sciences Ltd. on April 30, 2002, a name change to Iceberg Brands Corporation on February 18, 2003, a name change to Avalon Gold Corporation on August 28, 2003, a name change to Avalon Energy Corporation on March 22, 2005, a name change to Shotgun Energy Corporation on September 25, 2007 and a name change to Organa Gardens International Inc. on February 26, 2009 and a name change to Bravo Enterprises Ltd. on June 1, 2012. The Company was dormant from 1991 to 1996 and currently has no revenue generating operations. The Company was considered a development stage company since January 1, 1996 and as a result of changing its business focus to air to water harvesting units is considered to be a development stage company. Expected operations will consist of manufacturing and distributing air to water harvesting units worldwide.

Going Concern

The financial statements have been prepared on the basis of a going concern which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.  The Company has not generated any revenues or completed development of any commercially acceptable products or services to date and has incurred losses of $25,131,690 since inception.  The Company will depend almost exclusively on outside capital through the issuance of common shares to finance ongoing operating losses and to fund the manufacture and distribution of the air to water harvesting units.  The ability of the Company to continue as a going concern is dependent on raising additional capital and ultimately on generating future profitable operations.  There can be no assurance that the Company will be able to raise the necessary funds when needed to finance its ongoing costs.  These factors raise substantial doubt about the ability of the Company to continue as a going concern.  The accompanying financial statements do not include any adjustments relative to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result from the outcome of this uncertainty.

Basis of presentation

The accompanying financial statements are presented in United States dollars and are prepared in accordance with accounting principles generally accepted in the United States.

Use of Estimates and Assumptions

Preparation of the Company’s financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

Concentration of Credit Risk

Cash in bank accounts is at risk to the extent that it exceeds U.S.Federal Deposit Insurance Corporation and Canadian Deposit Insurance Corporation insured amounts. To minimize risk, the Company places its cash with high credit quality institutions. All cash is deposited in one prominent Canadian financial institution.

Fair Value of Financial Instruments

The Company’s financial instruments include cash, receivables, available-for-sale securities and due to related parties.  Management believes the fair values of these financial instruments approximate their carrying values due to their short-term nature.

The Company adopted ASC Topic 820-10 for all financial assets and liabilities and nonfinancial assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring basis (at least annually).  Topic 820-10 defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements Topic 820-10 defines fair value as the price that would be received upon sale of an asset or paid upon transfer of a liability in an orderly transaction between market participants at the measurement date and in the principal or most advantageous market for that asset or liability. The fair value should be calculated based on assumptions that market participants would use in pricing the asset or liability, not on assumptions specific to the entity. In addition, the fair value of liabilities should include consideration of non-performance risk including our own credit risk.

In addition to defining fair value, Topic 820-10 expands the disclosure requirements around fair value and establishes a fair value hierarchy for valuation inputs. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.  Each fair value measurement is reported in one of the three levels which is determined by the lowest level input that is significant to the fair value measurement in its entirety. These levels are:

*	Level 1 – inputs are based upon unadjusted quoted prices for identical instruments traded in active markets.
*	Level 2 – inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
*	Level 3 – inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models, and similar techniques.

The application of the three levels of the fair value hierarchy under Topic 820-10-35 to our assets and liabilities are described below:

	Fair Value Measurements
	Level 1		Level 2		Level 3		Total Fair Value
Assets
Cash	$	86,781	$	-	$	-	$	425,380
Taxes recoverable		1,233						1,233
Accounts Receivable		3,354						3,354
Available securities		3,030		-		-		3,030
Intangible Assets		-		-		1,492,743		1,492,743
Total	$	94,398	$	-	$	1,492,743	$	1,587,141
Liabilities
Current and related party	$	496,199	$	-	$	-	$	496,199
Total	$	496,199	$	-	$	-	$	496,199

Foreign Currency Translation

The financial statements are presented in United States dollars.  In accordance with ASC Topic 830 “Foreign Currency Matters”, foreign denominated monetary assets and liabilities are translated to their United States dollar equivalents using foreign exchange rates that prevailed at the balance sheet date.  Non-monetary assets and liabilities are translated at exchange rates prevailing at the transaction date. Revenue and expenses are translated at average rates of exchange during the year.  Related translation adjustments are reported as a separate component of stockholders’ equity, whereas gains or losses resulting from foreign currency transactions are included in results of operations.

Available For Sale Securities - related parties

The Company holds marketable equity securities which are available-for-sale and as such, their carrying value is adjusted to market at the end of each reporting period.  As required by ASC Topic 220 (formerly SFAS 130),, unrealized gains and losses on these investments are recorded as a component of accumulated other comprehensive income (loss) and are recorded as a component of net income (loss) when realized.  However, if there is a permanent decline in the market value of available-for-sale securities, this permanent market value adjustment is taken into income in the period.

Stock-Based Compensation

On January 1, 2006, the Company adopted the fair value recognition provisions of ASC Topic 718 & 505.  Prior to January 1, 2006, the Company accounted for share-based payments under the recognition and measurement provisions of ASC Topic 718. In accordance with ASC Topic 718 no compensation cost was required to be recognized for options granted that had an exercise price equal to the market value of the underlying common stock on the date of grant. . The Company uses the Black-Scholes pricing model to calculate the fair value of options and warrants issued to both employees and non-employees. Stock issued for compensation is valued using the market price of the stock on the date of the related agreement.

In addition, deferred stock compensation related to non-vested options is required to be eliminated against additional paid-in capital. The Company accounts for equity instruments issued in exchange for the receipt of goods or services from other than employees in accordance with ASC Topic 718 & 505.  Costs are measured at the estimated fair market value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably measurable.

Research and Development Costs

Expenditure on research activities, undertaken with the prospect of obtaining new scientific or technical knowledge and understandings are expensed as incurred and include costs of consultants who conduct research and development on behalf of the Company.

Intangible assets

Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 350 , “Intangibles-Goodwill and Other” requires that goodwill and intangible assets with indefinite useful lives no longer be amortized, but instead tested for impairment at least annually in accordance with the provisions of ASC 350. This standard also requires that intangible assets with definite useful lives be amortized over their respective estimated useful lives to their estimated residual values, and reviewed for impairment. The Company's intangible assets consist of the acquisition of the license to import and distribute wine & liquor products and various brands and labels. The Company determined that the intangibles have an estimated useful life of 18 years and will be reviewed annually for impairment. Amortization will be recorded over the estimated useful life of the assets using the straight-line method for financial statement purposes. The Company will commence amortization when the economic benefits of the assets begin to be consumed in January, 2013. Other intangibles are carried at acquisition cost less accumulated amortization. Amortization is provided over the estimated useful lives of the assets on straight line basis per annum.

Definite life intangible assets are tested for recoverability whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable. These tests involve the use of estimates and assumptions appropriate in the circumstances. In assessing fair value, valuation models are used that include discounted cash flows. The models use assumptions that include levels of growth in assets under management from net sales and market, pricing and margin changes, synergies achieved on acquisition, discount rates, and observable data for comparable transactions. As of December 31, 2012, the Company believed there was no impairment of its intangible assets and recorded the value of the intangible in the amount of $1,492,743 (2011- $Nil).

Income Taxes

The Company follows the liability method of accounting for income taxes as set forth in ASC Topic 740-10. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax balances.  Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those differences are expected to be recovered or settled.  The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment or substantive enactment.  A valuation allowance is provided for deferred tax assets if it is more likely than not that the Company will not realize the future benefit, or if the future deductibility is uncertain. In accordance with ASC 740-10. This interpretation introduces a new approach that changes how enterprises recognize and measure tax benefits associated with tax positions and how enterprises disclose uncertainties related to income tax positions in their financial statements.

Revenue Recognition

Sales are recognized upon purchase by customers at our product facility. All sales at our product facility are final, allowing for no sales returns. As at December 31, 2012, $3,354 (2011 - $Nil) is in accounts receivable from the sale of water units.

Recent Accounting Pronouncements

There have been no recent accounting pronouncements not yet adopted by the Company which would have a material impact on our financial statements.

The Company adopted certain amendments to Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements,” effective January 1, 2012. These amendments include a consistent definition of fair value, enhanced disclosure requirements for “Level 3” fair value adjustments and other changes to required disclosures. Their adoption did not have a material impact on the Company’s consolidated financial statements.

The Company adopted the amendments to ASC 220, “Comprehensive Income,” effective January 1, 2012. The amendments pertained to presentation and disclosure only.

The Company adopted the amendments to ASC 350, “Intangibles-Goodwill and Others,” effective January 1, 2012. The amended guidance allows us to do an initial qualitative assessment of relevant events and circumstances to determine if fair value of a reporting unit is more likely than not to be less than its carrying value, prior to performing the two-step quantitative goodwill impairment test. The adoption of these amendments did not have a material impact on the Company’s financial statements.