v2.4.0.6

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
REVENUES	$ 6,185	$ 0	$ 6,185	$ 0
Operating costs
General and administrative expenses	24,396	549,768	150,043	1,086,244
TOTAL COSTS	24,396	549,768	150,043	1,086,244
OPERATING LOSS	(18,211)	(549,768)	(143,858)	(1,086,244)
OTHER (EXPENSE) INCOME:
Interest expense	(54,885)	(57,627)	(109,770)	(115,254)
Other	0	0	0	0
TOTAL OTHER EXPENSES	(54,885)	(57,627)	(109,770)	(115,254)
NET LOSS	(73,096)	(607,395)	(253,628)	(1,201,498)
Legal Settlement	0	0	0	(75,000)
NET LOSS APPLICABLE TO COMMON STOCKHOLDERS	$ (73,096)	$ (607,395)	$ (253,628)	$ (1,276,498)
Loss per common share - basic and diluted	$ 0	$ 0	$ 0	$ 0
Weighted average number of shares outstanding - basic and diluted	5,234,652,975	2,997,935,294	4,484,484,813	2,995,932,757

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

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TACTICAL AIR DEFENSE SERVICES, INC. 10-Q/A