Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) (USD $)
Series B
Common stock
Additional Paid in Capital
Accumulated Deficit
Accumulated Other Comprehensive Loss
Non-controlling Interests
Total
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2010 $ 13 $ 270,464 $ 23,580,630 $ (26,933,430) $ (2,195) $ 4,241,945 $ 1,157,427
Shares, Outstanding at Dec. 31, 2010 13,000 270,464,478               
Issuance of common stock for services, value    12,711 487,916          500,626
Issuance of common stock for services, shares    12,708,334               
Contributions from noncontrolling interests                4,780,156 4,780,156
Exercise of Warrants, value    1,890 54,810          56,700
Exercise of Warrants, shares    1,890,000               
Share-based compensation from issuance of options and compensation-based warrants       69,858          69,858
Accrual of preferential return for the noncontrolling interests                (1,044,264) (1,044,264)
Foreign currency translation gain (loss)             (30,634) (1,162,786) (1,193,420)
Net Loss          (639,515)    (897,521) (1,537,036)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Sep. 30, 2011 13 285,065 24,193,214 (27,572,945) (32,829) 5,917,530 2,790,047
Shares, Outstanding at Sep. 30, 2011 13,000 285,062,812               
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2011 13 285,062 24,260,628 (26,662,294) (21,996) 5,099,547 2,960,960
Shares, Outstanding at Dec. 31, 2011 13,000 285,062,812               
Contributions from noncontrolling interests                4,420,360 4,420,360
Share-based compensation from issuance of options and compensation-based warrants       39,204          39,204
Accrual of preferential return for the noncontrolling interests                (1,487,084) (1,487,084)
Foreign currency translation gain (loss)             (22,023) 1,086,090 1,064,067
Issuance of common stock for cash, value    8,621 241,379          250,000
Issuance of common stock for cash, shares    8,620,690               
Net Loss          (215,569)    (1,760,896) (1,976,465)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Sep. 30, 2012 $ 13 $ 293,683 $ 24,541,211 $ (26,877,863) $ (44,019) $ 7,358,017 $ 5,271,042
Shares, Outstanding at Sep. 30, 2012 13,000 293,683,502