General form of registration statement for all companies including face-amount certificate companies

BALANCE SHEETS

v2.4.0.6
BALANCE SHEETS (USD $)
Jun. 30, 2012
Dec. 31, 2011
Dec. 31, 2010
Current assets      
Cash $ 836,528 $ 392 $ 18,766
Accounts receivable-related party   24,800 15,000
Other current assets 21,326    
Other assets-related party 13,500    
Total current assets 871,354 25,192 33,766
Property & equipment      
Oil and gas, on the basis of full cost accounting Unproved properties and properties under Development, not being amortized 1,850,000    
Furniture, equipment & software 16,823 13,269 13,269
Less accumulated depreciation (1,921) (12,914) (12,494)
Net property and equipment 1,864,902 355 775
Other assets 20,000    
Total Assets 2,756,256 25,547 34,541
Current liabilities      
Accounts payable 43,606 7,658  
Accounts payable - related party   2,350  
Accrued liabilities 4,296 137  
Short term debt   3,250  
Note payable - related party   42,301 34,201
Total current liabilities 47,902 55,696 34,201
Deferred Rent 10,880    
Total Liabilities 58,782 55,696 34,201
Stockholders' Equity (Deficit)      
Preferred stock, $.10 par value; 1,000,000 shares authorized; No shares issued & outstanding 0 0 0
Common stock, $.001 par value;50,000,000 shares authorized; 15,735,885, 10,820,600 and 10,820,600 shares issued & outstanding 15,736 10,821 10,821
Additional paid in capital 3,524,580 185,218 185,218
Accumulated deficit (842,842) (226,188) (195,699)
Total Stockholders' Equity (Deficit) 2,697,474 (30,149) 340
Total Liabilities and Stockholders' Equity (Deficit) $ 2,756,256 $ 25,547 $ 34,541