Annual report pursuant to section 13 and 15(d)

Statement of Stockholders Equity

v2.4.0.6
Statement of Stockholders Equity (USD $)
Common Stock
Additional Paid-In Capital
Stock Warrants
Stock Subscription Receivable
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Total
Beginning balance, amount at Dec. 31, 2010 $ 34,974 $ 1,252,393 $ 470,632 $ (10,520) $ (1,713,895)   $ 33,584
Beginning balance, shares at Dec. 31, 2010 34,974,758            
Net loss         (473,336)   (473,336)
Other comprehensive income           64,960 64,960
Common stock and warrants issued for cash, shares 533,333           533,333
Common stock and warrants issued for cash, amount 533 156,918 42,549       200,000
Share based compensation expense   28,000         28,000
Payments received on stock subscription receivable       6,604     6,604
Shares issued in connection with asset acquisition 2,000 478,000         480,000
Shares issued in connection with asset acquisition (in shares) 2,000,000            
Write-off of uncollectible stock subscription receivable               
Ending balance, amount at Dec. 31, 2011 37,507 1,915,311 513,181 (3,915) (2,187,231) 64,960 339,812
Ending balance, shares at Dec. 31, 2011 37,508,091            
Net loss             621,726
Net income         621,726   621,726
Other comprehensive income           (460,706) (460,706)
Shares issued in connection with asset acquisition 804 90,348         91,152
Shares issued in connection with asset acquisition (in shares) 802,500            
Expiration of previously issued warrants   111,354 (111,354)        
Write-off of uncollectible stock subscription receivable   (3,916)   3,916      
Ending balance, amount at Dec. 31, 2012 $ 38,311 $ 2,113,097 $ 401,827   $ (1,565,505) $ (395,746) $ 591,984
Ending balance, shares at Dec. 31, 2012 38,310,591