Consolidated Statement of Cash Flows (USD $)	12 Months Ended		63 Months Ended
Consolidated Statement of Cash Flows (USD $)	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2011
Cash Flows From Operating Activities
Net loss	$ (1,135,739)	$ (6,629,661)	$ (10,796,655)
Adjustments to reconcile net loss to cash used in operating activities:
Depreciation	2,477	2,364	15,329
Amortization of discount on notes payable	42,812	9,343	52,155
Impairment of tangible asset		4,180,001	4,180,001
Loss on sale of equipment		718,110	718,110
Revaluation of derivative liability	8,592	40,887	49,479
Stock issued for services	60,875	426,500	1,316,125
Stock issued for loan origination fee	33,639	18,015	51,654
Stock issued for interest			25
Changes in operating assets and liabilities
Prepaid expenses	93,960	250,591	(8,939)
Other receivable	191,090	(1,600)	189,490
Accounts payable	(26,277)	(332,305)	170,559
Accrued interest - related parties	6,292	5,769	12,061
Accrued interest	108,831	44,651	153,482
Accrued expenses	(46,340)	(50,886)	176,413
Net cash used in operating activities	(659,788)	(1,318,221)	(3,720,711)
Cash Flows From Investing Activities
Purchase of furniture and equipment			(20,097)
Proceeds from sale of assets	250	1,172,000	1,172,250
Purchase of assets - Island Breeze and m/v Casino Royale	(550,184)	(399,422)	(17,446,990)
Net cash (used in) provided by investing activities	(549,934)	772,578	(16,294,837)
Cash Flows From Financing Activities
Proceeds from line of credit	145,000		145,000
Proceeds from issuance of convertible notes	525,000	325,000	6,866,362
Proceeds from issuance of notes payable – other	790,234		1,189,234
Principal payments on notes payable – other	(61,335)	(136,144)	(197,479)
Principal payments on convertible notes	(6,000)		(6,000)
Proceeds from issuance of common stock for cash		351,500	809,000
Proceeds from notes payable – related parties	45,000		45,000
Payments of notes payable - related parties	(20,000)	(22,411)	(175,416)
Principal payments on line of credit	(35,000)		(35,000)
Capital contribution			11,597,659
Net cash provided by financing activities	1,382,899	517,945	20,238,360
Net increase (decrease) in cash	173,177	(27,698)	222,812
Cash and cash equivalents, beginning of the year	49,635	77,333
Cash and cash equivalents, end of the year	222,812	49,635	222,812
Cash paid during the period for:
Interest	15,035	15,863	31,903
Taxes	0	0	0
Supplemental Information and Non-monetary Transactions:
Issuance of stock for convertible debt and accrued interest	73,020	87,028	6,066,893
Issuance of stock for services	60,875	426,500	1,626,125
Issuance of stock for loan origination fee	33,639	18,015	51,654
Capitalized accrued interest		30,904	597,699
Issuance of convertible debt for stock			170,000
Issuance of Mezzanine equity with Put option	$ 208,333		$ 208,333

ISLAND BREEZE INTERNATIONAL, INC. 10-K