Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010
Cash flows provided by (used in) operating activities:
Net income	$ 323,051	$ 375,694
Adjustments to reconcile net income to cash provided by (used in) operating activities:
Amortization	16,732	16,445
Shares issued for services	23,500	10,000
Shares issued for related party management fees	80,000
Debt discount accretion	1,064,203	964,346
Derivative liability income	(2,296,429)	(2,080,972)
Directors fees used to satisfy notes receivable	144,000	96,000
Gain on debt settlement - JMJ	(156,022)
Gain on debt forgiveness from related parties		(241,649)
Accrued interest income on stock subscription receivable	(8,474)	(17,955)
Accrued interest expense on convertible debt obligation	8,580	18,000
Related party notes receivable - accrued interest	(81,663)
Decrease (increase) in assets:
Receivables	(197)
Prepaid management fees - related parties	240,000
Prepaid expenses	13,740	(7,915)
Due from affiliates		313,321
Deposits		(598)
Increase (decrease) in liabilities:
Accounts payable	41,959	(73,555)
Accrued liabilities	110,465	(14,719)
Due to affiliate	393,809	707,211
Accrued management fees - related party	120,000
Convertible related party debt obligations		98,976
Cash provided by operating activities	37,254	162,630
Cash used in investing activities:
Purchase of software and improvements		(4,935)
Accrued interest on related party notes receivable		(60,141)
Cash used in investing activities		(65,076)
Cash flows provided by (used in) financing activities:
Proceeds from JMJ financing agreement	75,000
Sale of common stock		3,000
Payments made on financing agreement	(102,924)	(90,158)
Payments made on note payable in default		(27,941)
Proceeds from loan payable - related party	1,000
Payments made on insurance note payable	(1,987)
Cash used in financing activities	(28,911)	(115,099)
Net increase (decrease) in cash	8,343	(17,545)
Cash and cash equivalents at beginning of period	8,056	19,029
Cash and cash equivalents at end of period	16,399	1,484
Cash paid during the fiscal years for:
Interest	79,464	92,300
Income taxes	5,721	2,443
Schedule of Non cash Financing Activities
Common stock used to satisfy related party convertible payable obligations	50,000	40,000
Common stock used to satisfy convertible debt obligations	452,651	237,675
Cancellation of 21,000,000 JMJ shares issued, at par value	(21,000)
Financed insurance contract note payable	3,874
Convertible related party notes payable issued for accrued director's fees	240,000
Related party notes payable issued for management fees	$ 360,000

Team Nation Holdings CORP 10-Q