v2.3.0.15

Consolidated Statement of Operations (USD $)	3 Months Ended		9 Months Ended
Consolidated Statement of Operations (USD $)	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
REVENUE
COST OF SALES
GROSS PROFIT (LOSS)
EXPENSES
Payroll and Related Expenses	4,831	4,688	14,478	14,063
Professional Fees	9,458	3,961	33,527	(28,354)
General and Administrative Expenses	3,000	4,807	11,404	12,413
Total Expenses	17,289	13,456	59,409	(1,878)
(LOSS) FROM OPERATIONS	(17,289)	(13,456)	(59,409)	1,878
OTHER (EXPENSE)
Interest	(33,023)	(27,258)	(92,114)	(74,909)
Other	(422)	(460)	(1,319)	(2,488)
Total Other Expense	(33,445)	(27,718)	(93,433)	(77,397)
(LOSS) FROM CONTINUING OPERATIONS	(50,734)	(41,174)	(152,842)	(75,519)
LOSS FROM DISCONTINUED OPERATIONS				(80,000)
NET INCOME/(LOSS)	$ (50,734)	$ (41,174)	$ (152,842)	$ (155,519)
Basic and diluted loss per common share
Continuing Operations (in dollars per share)	$ 0.00	$ 0.00	$ 0.00	$ (0.01)
Discontinued Operations (in dollars per share)	$ 0.00	$ 0.00	$ 0.00	$ 0.00
Weighted average number of common shares outstanding - basic and diluted (in shares)	21,839,500	21,839,500	21,839,500	21,839,500

The average number of shares or units issued and outstanding that are used in calculating basic and diluted EPS.

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MARINE GROWTH VENTURES INC 10-Q