Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENT OF CASH FLOWS (Unaudited)

v2.4.0.6
CONDENSED STATEMENT OF CASH FLOWS (Unaudited) (USD $)
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (5,209,628) $ (100,658)
Depreciation 4,244 3,020
Warrants issued with common stock 15,000   
Preferred Stock issued for compensation 200,000   
Impairment of goodwill 4,799,965   
Changes in operating assets and liabilities:    
Accounts receivable (76,019) (45,315)
Inventory 151,786 (10,277)
Prepaid inventory (10,175) (4,181)
Notes receivable    (5,765)
Accounts payable 56,026 102,997
Due to officers (500) 37,500
Net cash used in operations (69,301) (22,679)
CASH FLOW FROM INVESTING ACTIVITIES:    
Purchase of property and equipment    (5,259)
Cash assumed in reverse merger 35   
Net cash used in investing activities 35 (5,259)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of notes payable to related parties 30,000   
Payments on notes payable    (100,000)
Payments on notes payable to related parties (5,000)   
Proceeds from issuance of common stock and warrants 50,000 183,750
Net cash provided by financing activities 75,000 83,750
NET CHANGE IN CASH AND CASH EQUIVALENTS 5,734 55,812
CASH AND CASH EQUIVALENTS, beginning of period 9,139 62,171
CASH AND CASH EQUIVALENTS, end of period 14,873 117,983
SUPPLEMENTAL DISCLOSURE FOR OPERATING ACTIVITES    
Cash paid for interest      
SUPPLEMENTAL DISCLOSURE FOR FINANCING ACTIVITES    
Warrant expense $ 15,000