v2.4.0.6

Balance Sheets (Current Year Unaudited) (USD $)	Mar. 31, 2013	Dec. 31, 2012
Current Assets:
Cash and cash equivalents	$ 59,567	$ 247,684
Prepaid expenses	10,000	14,589
Total current assets	69,567	262,273
Total assets	69,567	262,273
LIABILITIES AND STOCKHOLDERS' DEFICIT
Accounts payable and accrued expenses	178,211	176,853
	178,211	176,853
Due to director, net of unamortized discount of $55,304 and $68,638 at March 31, 2013 and December 31, 2012, respectively	453,393	440,059
Total liabilities	631,604	616,912
Stockholders' Deficit
Preferred Stock; $.0001 par value, 5,000,000 shares authorized, none issued and outstanding at March 31, 2013 and December 31, 2012		0
Common stock; $.0001 par value, 100,000,000 shares authorized, 52,428,203 issued and 48,333,128 outstanding at March 31, 2013 and December 31, 2012	5,242	5,242
Additional paid-in capital	162,822,463	162,819,884
Treasury stock at cost, 4,095,075 shares at March 31, 2013 and December 31, 2012	(47,552)	(47,552)
Accumulated deficit	(163,342,189)	(163,132,213)
Total stockholders’ deficit	(562,037)	(354,639)
Total liabilities and stockholders’ deficit	$ 69,567	$ 262,273

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Optionable Inc 10-Q