v2.4.0.6

Mainstream Entertainment, Inc. (A Development Stage Company) Statements of Operations For the Three and Six Months ended March 31, 2013 and 2012, and the period from October 7, 2005 (Inception) through March 31, 2013 (unaudited) (USD $)	3 Months Ended		6 Months Ended		90 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013
General and administrative expenses	$ 34,934	$ 16,494	$ 94,785	$ 31,102	$ 320,899
Stock compensation	216,000		216,000		216,000
Other Income (Expense):
Loss on debt conversion	(1,917,870)		(1,917,870)		(1,736,390)
Forgiveness of debt					1,215
Interest income					2
Interest expense	(341)	(4,953)	(5,216)	(9,107)	(88,089)
Penalties					(600)
Total other income (expense)	(1,918,211)	(4,953)	(1,923,086)	(9,107)	(1,823,862)
Net Loss from continuing operations	(2,385,145)	(21,087)	(2,233,871)	(40,209)	(2,542,241)
Discontinued operations
Loss from discontinued operations	(1,105)	(18,725)	(2,271)	(18,310)	(415,992)
Net loss	$ (2,386,250)	$ (2,362)	$ (2,236,142)	$ (21,899)	$ (2,958,233)
Net loss per Common Share - Basic and Diluted	$ (0.04)	$ 0.00	$ (0.04)	$ 0.00
Weighted Average Number of Common Stock Shares Outstanding - Basic and Diluted	65,191,799	3,051,870	51,912,274	3,051,870

Decrease for amounts of indebtedness forgiven by the holder of the debt instrument.

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Mainstream Entertainment, Inc. 10-Q