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Note Share Increase:
BALANCE, December 31, 2010 136,354,500 13,635 1,088,260 (1,544,106 ) (442,211 ) Shares issued for G&A expenses 36,000,000 3,600 32,400 0 36,000 Shares issued to settle debt and interest expense 110,000,000 11,000 99,000 0 110,000 Net loss 0 0 0 (117,541 ) (117,541 ) ENDING BALANCE, September 30, 2011 (unaudited) 282,354,500 $ 28,235 $ 1,219,660 $ (1,661,647 ) $ (413,752 )
As of September 30, 2011, we had a working capital deficit of $413,753. The Company will seek funds from possible strategic and joint venture partners and financing to cover any short term operating deficits and provide for long term working capital. No assurances can be given that the Company will successfully engage strategic or joint venture partners or otherwise obtain sufficient financing through the sale of equity.
No trends have been identified which would materially increase or decrease our results of operations or liquidity.
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