Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 589,471 $ 8,101
Assets of discontinued operations 5,866,798 6,661,399
Prepaid expenses and other current assets    17,714
Total current assets 6,456,269 6,687,214
Property and equipment, net    552,553
Total noncurrent assets    552,553
Total Assets 6,456,269 7,239,767
Current liabilities:    
Accrued expenses and other current liabilities 76,994 468,913
Accrued interest    286,382
Convertible notes payable    1,472,152
Deferred income tax      
Derivative instruments 8,489,089 919,394
Liabilities of discontinued operations 3,916,368 7,673,251
Total current liabilities 12,482,451 10,820,092
Long Term Debt      
Shareholders' equity    
Common stock, $.001 par value, 200,000,000 shares authorized,113,938,679 and 63,142,969 shares issued and outstanding at December 31, 2013,and December 31,2012, respectively 113,939 63,143
Additional paid-in capital 27,609,859 10,484,611
Accumulated deficit (33,749,980) (14,128,079)
Total shareholders' equity (6,026,182) (3,580,325)
Total liabilities and shareholders' equity $ 6,456,269 $ 7,239,767