Quarterly report pursuant to Section 13 or 15(d)

Statements of Operations (Unaudited)

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Statements of Operations (Unaudited) (USD $)
3 Months Ended 5 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2011
Jun. 30, 2012
Revenues        
Revenue $ 242 $ 50,310 $ 50,310 $ 432
Total 242 50,310 50,310 432
Cost of Revenue 5,538 2,100 2,100 10,248
Gross Profit (loss) (5,296) 48,210 48,210 (9,816)
Directors fees paid with options    195,615 195,615   
Common stock issued for services rendered 47,500      47,500
Selling, General & Admin. 53,002 100,628 100,628 88,913
Payroll and related taxes 33,848 18,923 18,923 66,059
Operating (loss) (139,646) (266,956) (266,956) (212,287)
Loss on investment          (6,523)
Unrealized loss on investment (6,000)       (25,500)
Net (Loss) $ (145,646) $ (266,956) $ (266,956) $ (244,310)
Weighted Average Loss per share (basic and fully diluted) $ (0.01) $ (8.14) $ (9.21) $ (0.02)
Weighted Average Common Shares Outstanding 24,411,549 32,803 28,984 15,092,826