Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) (USD $)
Sep. 30, 2012
Dec. 31, 2011
CURRENT ASSETS:    
Cash $ 63 $ 15,047
Prepaid expenses 15,500 39,945
Debt issuance cost - current portion    517
Assets of discontinued operations      
Total Current Assets 15,563 55,509
Total Assets 15,563 55,509
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 1,121,185 430,408
Convertible debentures and notes payable, net of debt discount 174,264 145,959
Derivative liabilities 156,474   
Liabilities of discontinued operations 112,397 112,397
Total Liabilities 1,564,320 688,764
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 300 300
Common stock; $0.0001 par value; 750,000,000 shares authorized; 253,033,555 and 225,833,555 shares issued and outstanding as of September 30, 2012 and December 31, 2011, respectively 25,303 22,583
Additional paid-in capital 47,809,748 44,125,952
Accumulated deficit (41,947,270) (41,947,270)
Accumulated deficit since inception of exploration stage (April 25, 2011) (7,436,838) (2,834,820)
Total Stockholders' Deficit (1,548,757) (633,255)
Total Liabilities and Stockholders' Deficit $ 15,563 $ 55,509