Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

 v2.3.0.11
Consolidated Statements of Operations (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Management and consulting revenue        
Affiliate $ 7,830 $ 17,796 $ 32,476 $ 24,421
Other 25,000 25,125 441,667 46,833
Sales Revenue, Net 32,830 42,921 474,143 71,254
Expenses:        
General and administrative expense 262,278 229,851 489,285 494,073
Operating Expenses 262,278 229,851 489,285 494,073
Loss from operations before income taxes (229,448) (186,930) (15,142) (422,819)
Income taxes 0 0 0 0
Loss from operations (229,448) (186,930) (15,142) (422,819)
Other income (expense)        
Realized gain from sales of investments 361 114,279 19,991 151,008
Other than temporary decline in available-for-sale securities     0 (40,386)
Equity in (earnings) loss of investments 6,461 9,456 11,564 21,253
Interest and other income 0 11,500 5,016 23,000
Interest expense (3,927) (62,672) (22,686) (76,974)
Total other income 2,895 72,563 13,885 77,901
Net loss before non-controlling interest (226,553) (114,367) (1,257) (344,918)
Non-controlling interest 566 242 977 (123)
Net loss (225,987) (114,125) (280) (345,041)
Other comprehensive income:        
Unrealized gain (loss) on available-for-sale securities (38,209) 139,354 (52,209) 101,847
Net comprehensive Income (loss) $ (264,196) $ 25,229 $ (52,489) $ (243,194)
Net loss per share, basic and diluted (in dollars per share) $ (0.09) $ (0.06) $ 0 $ (0.18)
Weighted average shares outstanding (in shares) 2,460,974 1,969,822 2,258,248 1,969,822