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

Consolidated Statements of Stockholders' Equity (Deficit)

v2.3.0.11
Consolidated Statements of Stockholders' Equity (Deficit) (USD $)
Total
Common Stock
Accumulated Deficit
Class A Preferred Stock
Balance at Dec. 31, 2009 $ (1,004,735) $ 13,587,403 $ (14,592,138)  
Balance, shares at Dec. 31, 2009   4,932,635    
Issuance of common stock for services/ Board of Director fees at $1.75 per share 24,500 24,500    
Issuance of common stock for services/ Board of Director fees at $1.75 per share, shares   40,000    
Issuance of Class A (Series 1) preferred stock for cash:        
Net income (loss) (852,612)   (852,612)  
Balance at Dec. 31, 2010 (1,832,847) 13,611,903 (15,444,750)  
Balance, shares at Dec. 31, 2010   4,972,635    
Issuance of common stock for services/ Board of Director fees at $1.75 per share 128,000 128,000    
Issuance of common stock for services/ Board of Director fees at $1.75 per share, shares   72,841    
Issuance of common stock for service:        
Settlement of liabilities to unrelated parties at $0.68 per share 481,251 481,251    
Settlement of liabilities to unrelated parties at $0.68 per share, shares   770,000    
Settlement of liabilities to related parties at $0.88 per share 675,000 675,000    
Settlement of liabilities to related parties at $0.88 per share, shares   770,000    
Consulting related to property acquisition at $6.10 per share 457,500 457,500    
Consulting related to property acquisition at $6.10 per share, shares   75,000    
Services related to financing transaction at $4.00 per share 12,000 12,000    
Services related to financing transaction at $4.00 per share, shares   3,000    
Issuance of common stock in exchange for notes payable to:        
Officers and directors at $8.00 per share 500,000 500,000    
Officers and directors at $8.00 per share, shares   62,500    
Others at $1.00 per share 835,000 835,000    
Others at $1.00 per share, shares   835,000    
Issuance of common stock for cash of $1.00 per share 203,500 203,500    
Issuance of common stock for cash of $1.00 per share, shares   203,500    
Issuance of Class A (Series 1) preferred stock for cash:        
Director for $10,000 per share 1,000,000     1,000,000
Director for $10,000 per share, shares       100
Others at $10,000 per share 4,225,000     4,225,000
Others at $10,000 per share, shares       422.5
Offering costs related to issuance of preferred stock (201,629)     (201,629)
Net income (loss) 495,266   495,266  
Balance at Dec. 31, 2011 6,978,041 16,904,154 (14,949,484) 5,023,371
Balance, shares at Dec. 31, 2011   7,764,476   522.5
Preferred stock dividends declared (391,875)   (391,875)  
Issuance of Class A (Series 1) preferred stock for cash:        
Net income (loss) 274,898   274,898  
Balance at Mar. 31, 2012 $ 6,861,064 $ 16,904,154 $ (15,066,461) $ 5,023,371
Balance, shares at Mar. 31, 2012   7,764,476   522.5