Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
Dec. 31, 2012
Dec. 31, 2011
CURRENT ASSETS:    
Cash $ 20 $ 15,047
Prepaid expenses 7,500 39,945
Debt issuance cost    517
Total Assets 7,520 55,509
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 492,766 341,427
Accounts payable - related party 849,170 88,981
Convertible debentures and notes payable, net of debt discounts 210,110 145,959
Derivative liabilities 50,888   
Liabilities for discontinued operations 112,397 112,397
Total Current Liabilities 1,715,331 688,764
STOCKHOLDERS' DEFICIT:    
Common stock; $0.0001 par value; 750,000,000 shares authorized; 253,033,555 and 225,833,555 shares issued and outstanding as of December 31, 2012 and December 31, 2011, respectively 25,303 22,583
Additional paid-in capital 47,859,648 44,125,952
Accumulated deficit (41,947,270) (41,947,270)
Accumulated deficit since inception of exploration stage (April 25, 2011) (7,645,892) (2,834,820)
Total Stockholders' Deficit (1,707,811) (633,255)
Total Liabilities and Stockholders' Deficit 7,520 55,509
Series A Preferred Stock
    
STOCKHOLDERS' DEFICIT:    
Preferred stock, $0.0001 par value; 10,000,000 authorized Series A, 3,000,000 issued and outstanding Series B, none issued and outstanding Series C, none issued and outstanding Series D, 1,000,000 and 0 issued and outstanding, as of December 31, 2012 and December 31, 2011, respectively 300 300
Series B Preferred Stock
    
STOCKHOLDERS' DEFICIT:    
Preferred stock, $0.0001 par value; 10,000,000 authorized Series A, 3,000,000 issued and outstanding Series B, none issued and outstanding Series C, none issued and outstanding Series D, 1,000,000 and 0 issued and outstanding, as of December 31, 2012 and December 31, 2011, respectively      
Series C Preferred Stock
    
STOCKHOLDERS' DEFICIT:    
Preferred stock, $0.0001 par value; 10,000,000 authorized Series A, 3,000,000 issued and outstanding Series B, none issued and outstanding Series C, none issued and outstanding Series D, 1,000,000 and 0 issued and outstanding, as of December 31, 2012 and December 31, 2011, respectively      
Series D Preferred Stock
    
STOCKHOLDERS' DEFICIT:    
Preferred stock, $0.0001 par value; 10,000,000 authorized Series A, 3,000,000 issued and outstanding Series B, none issued and outstanding Series C, none issued and outstanding Series D, 1,000,000 and 0 issued and outstanding, as of December 31, 2012 and December 31, 2011, respectively $ 100