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Restated Quarterly Financial Summary
12 Months Ended
Dec. 31, 2011
Restated Quarterly Financial Summary [Abstract]  
RESTATED QUARTERLY FINANCIAL SUMMARY

 

 

For the 3 months ended 3/31/2010
(Restated)

 

 

For the 3 months ended 6/30/2010
(Restated)

 

 

For the 3 months ended 9/30/2010 (Restated)

 

 

For the 3 months ended 12/31/2010

(Restated)

 

 

January 1, 1999 (Inception) to December 31, 2010

 

 

 

unaudited

 

 

 

unaudited

 

 

 

unaudited

 

 

 

unaudited

 

 

 

audited

Income Statement Data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

Net income (loss)

 

 

38,903

 

 

 

113,555

 

 

 

(147,260)

 

 

 

97,840

 

 

 

(388,962)

Net income (loss) attributable to the common stockholders

 

 

5,568

 

 

 

80,220

 

 

 

(180,595)

 

 

 

64,505

 

 

 

(811,797)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted loss per common share

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

As of

 

 

3/31/2010
(Restated)

 

 

6/30/2010
(Restated)

 

 

9/30/2010 (Restated)

 

 

12/31/2010

(Restated)

 

 

 

 

 

unaudited

 

 

unaudited

 

 

unaudited

 

 

audited

 

 

 

Balance Sheet Data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

1,658,682

 

 

$

1,620,302

 

 

$

1,600,031

 

 

$

1,581,989

 

 

 

 

Short-term debt

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

 

Total liabilities

 

 

228,276

 

 

 

76,341

 

 

 

203,330

 

 

 

88,628

 

 

 

 

Preferred Stock

 

 

1,714,941

 

 

 

1,748,276

 

 

 

1,781,611

 

 

 

1,816,643

 

 

 

 

Stockholders' deficit

 

 $

(284,535)

 

 

$ 

(204,315)

 

 

$

(384,910)

 

 

$

(323,282)