v2.4.0.6

CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2012	Dec. 31, 2011
Current Assets:
Cash	$ 15,227	$ 5,380
Total Current Assets	15,227	5,380
Total Assets	15,227	5,380
Current Liabilities:
Convertible notes payable, net	279,181	207,492
Notes payable	63,894	63,894
Accounts payable	163,559	190,360
Accrued salaries	226,310	211,310
Accrued expenses	60,456	56,083
Total Current Liabilities	793,400	729,139
Total Liabilities	793,400	729,139
Stockholders' Deficit:
Common stock $.001 par value; 100,000,000 shares authorized; 97,962,131 and 97,962,131 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively	97,962	97,962
Additional paid-in capital	27,236,990	27,236,990
Accumulated deficit	(28,113,125)	(28,058,711)
Total Stockholders' Deficit	(778,173)	(723,759)
Total Liabilities and Stockholders' Deficit	$ 15,227	$ 5,380

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

WHITEMARK HOMES INC 10-Q