v2.3.0.11

Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
OPERATING ACTIVITIES
Net loss	$ (556,148)	$ (796,648)
Adjustments to reconcile net loss to net cash used in operations:
Depreciation and amortization expense	16,057	15,302
Stock compensation	0	256,117
Fair value of shares issued for services	0	90,000
Realized loss on sale of marketable securities	138,190	(23,936)
Changes in operating assets and liabilities:
Prepaid expenses	18,564	(82)
Accounts payable	(28,433)	(5,746)
Accrued liabilities, related party	0	0
Accrued liabilities, other	21,910	0
Net cash used in operating activities	(389,860)	(464,993)
INVESTING ACTIVITIES
Purchase of property and equipment	(21,876)	(1,060)
Purchase of marketable securities	0	(11,229)
Proceeds from sale of marketable securities	399,328	0
Net cash provided by (used in) investing activities	377,452	(12,289)
FINANCING ACTIVITIES
Proceeds from sale of common stock	0	0
Proceeds from short term borrowings	0	0
Repayment of short term borrowings	0	0
Net cash provided by financing activities	0	0
EFFECT OF EXCHANGE RATE CHANGES ON CASH	15,735	(18,110)
NET CHANGE IN CASH AND CASH EQUIVALENTS	3,327	(495,392)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	22,031	628,291
CASH AND CASH EQUIVALENTS AT END OF PERIOD	25,358	132,899
Cash paid for
Interest paid	684	169
Income taxes paid	0	0
Non-cash activities
Shares issued for services	$ 0	$ 90,000

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