STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	6 Months Ended		86 Months Ended
STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011
Cash Flows From Operating Activities:
Net income (loss)	$ 241,270	$ 9,299,080	$ (62,586,129)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Imputed interest	4,309		4,309
Depreciation	232	683	108,694
Stock for services	394,479	461,032	39,371,740
Change in derivative liability, net of bifurcation	(950,568)	(10,580,355)	(6,769,671)
(Gain) loss on conversion of financial instruments			(1,579,670)
Impairment of goodwill			13,371,776
Impairment of intangible assets			179,788
Loss on previously capitalized lease			34,243
Loss on settlement of litigation and debt	80,644		385,273
Amortization of debt discount and deferred finance costs			4,005,435
Debt issued for compensation and services			1,028,927
Stock for settlement of litigation and debt			30,875
Release of stock held in escrow			24,000
Other non-cash items			(33,512)
Changes in operating assets and liabilities:
Prepaid expense and other current assets			186,084
Deposits and other assets		(6,332)	17,265
Accounts payable and other liabilities	(155,183)	572,152	4,486,233
Net cash used in operating activities	(74,451)	(231,993)	(7,734,340)
Cash Flows From Investing Activities:
Increase in property and equipment			(144,833)
Increase in other assets			(179,786)
Net cash used in investing activities			(324,619)
Cash Flows From Financing Activities:
Proceeds from sale of common stock	3,000		2,352,327
Borrowings on notes payable-related party	71,451		321,309
Proceeds from issuance of convertible debt			1,200,709
Borrowings on notes payable			3,838,430
Principal payments on notes payable			(122,478)
Principal payments –notes payable-related parties			(47,300)
Proceeds from exercise of warrants		234,534	513,366
Net cash provided by financing activities	74,451	234,534	8,056,363
Net increase (decrease) in cash		2,541	(2,596)
Cash at beginning of period			2,596
Cash at end of period	0	0	0
Cash paid for interest			59,840
Cash paid for income tax	0	0	0
Non-cash activities
Stock for conversion of debt – related party			2,227,759
Stock issued for common stock payable		98,207
Exchange of debt – related party			214,075
Exchange of convertible notes for stock			2,525,070
Stock issued for settlement of litigation and debt	336,571		1,115,245
Deemed dividend			1,140,760
Exchange of convertible preferred stock for common stock			3,380,975
Preferred stock issued for payables			358,500
Stock held in escrow			20,000
Stock contributed for debt payment			276,558
Return of stock held in escrow			16,800
Cashless exercise of warrants		32,374	32,507
Stock rescinded for debt			8,256
Stock rescinded or canceled	4,000	12,302	16,302
Settlement of derivative liability	$ 78,490		$ 78,490

POWER 3 MEDICAL PRODUCTS INC 10-Q/A