| #000000; FONT-FAMILY: TIMES NEW ROMAN">ASSETS | | | | | |
| | | #000000; FONT-FAMILY: TIMES NEW ROMAN">June 30, | | #000000; FONT-FAMILY: TIMES NEW ROMAN">March 31, | |
| | | #000000; FONT-FAMILY: TIMES NEW ROMAN">2006 | | #000000; FONT-FAMILY: TIMES NEW ROMAN">2006 | |
| | | #000000; FONT-FAMILY: TIMES NEW ROMAN">(Unaudited) | | | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">CURRENT ASSETS | | | | | |
| | | | | | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">Cash | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">$ | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">4,366 | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">$ | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">8,203 | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">Accounts receivable | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">44,601 | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">40,243 | |
| | | | | | | | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">Total Current Assets | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">48,967 | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">48,446 | |
| | | | | | | | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">PROPERTY AND EQUIPMENT | | | | | | | |
| | | | | | | | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">Hotel equipment | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">150,000 | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">150,000 | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">Office furniture and equipment | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">955,226 | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">955,226 | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">Less: accumulated depreciation | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">(1,015,583 | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">) | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">(1,010,226 | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">) |
| | | | | | | | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">Total Property and Equipment | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">89,643 | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">95,000 | |
| | | | | | | | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">TOTAL ASSETS | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">$ | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">138,610 | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">$ | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">143,446 | |
| | | | | | | | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | | | | | | | |
| | | | | | | | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">CURRENT LIABILITIES | | | | | | | |
| | | | | | | | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">Accounts payable and accrued expenses | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">$ | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">1,080,303 | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">$ | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">894,407 | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">Related party loans payable | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">14,500 | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">14,500 | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">Notes payable | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">120,000 | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">120,000 | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">Bonds payable | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">71,250 | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">71,250 | |
| | | | | | | | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">Total Current Liabilities | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">1,286,053 | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">1,100,157 | |
| | | | | | | | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">LONG-TERM LIABILITIES | | | | | | | |
| | | | | | | | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">Convertible notes payable | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">1,038,678 | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">1,038,678 | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">Note payable related party | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">800,000 | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">800,000 | |
| | | | | | | | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">Total Long Term Liabilities | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">1,838,678 | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">1,838,678 | |
| | | | | | | | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">TOTAL LIABILITIES | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">3,124,731 | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">2,938,835 | |
| | | | | | | | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">STOCKHOLDERS' EQUITY (DEFICIT) | | | | | | | |
| | | | | | | | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">Preferred stock;$0.00001 par value; 50,000,000 shares | | | | | | | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">authorized; 2,000,000 shares issued and outstanding | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">- | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">- | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">Common stock; $0.00001 par value; 5,000,000,000 shares | | | | | | | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">authorized; 1,493,971 shares issued and 1,751,341 shares | | | | | | | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">outstanding at June 30, 2006, 963,971 shares issued and | | | | | | | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">outstanding at March 31, 2006 | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">15 | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">10 | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">Additional paid-in capital | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">8,653,844 | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">8,443,850 | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">Stock subscriptions receivable | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">(27,378 | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">) | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">(40,000 | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">) |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">Accumulated deficit | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">(11,612,602 | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">) | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">(11,199,249 | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">) |
| | | | | | | | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">Total Stockholders' Equity (Deficit) | | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">(2,986,121 | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">) | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">(2,795,389 | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">) |
| | | | | | | | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">TOTAL LIABILITIES AND STOCKHOLDERS' | | | | | | | |
| #000000; FONT-FAMILY: TIMES NEW ROMAN">EQUITY (DEFICIT) | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">$ | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">138,610 | | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">$ | #000000; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px; FONT-FAMILY: TIMES NEW ROMAN">143,446 | |
| | | | | | | | |
| | | | | | | | |