Quarterly report pursuant to sections 13 or 15(d)

SUPPLEMENTAL SCHEDULE OF NON-CASH FINANCING ACTIVITIES

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SUPPLEMENTAL SCHEDULE OF NON-CASH FINANCING ACTIVITIES
3 Months Ended
Mar. 31, 2012
Cash Flow, Supplemental Disclosures [Text Block]
SUPPLEMENTAL SCHEDULE OF NON-CASH FINANCING ACTIVITIES

For the three months ended March 31, 2012:

a)  The Company converted $43,946 of the Convertible Promissory Note at a fixed conversion rate of 1,975 shares per $1 for 86,793,693 shares of Class A common stock.

b) The Company issued 500,000 shares of Class A common stock for services with a fair value of $5,000.

c)  The Company converted 2 shares of Series A Convertible preferred stock for 2,385,650 shares of Class A common stock.

d)  The Company bought back their 20% interest in SWK Technologies, Inc. for 22,664,678 shares of Class A common stock.

For the three months March 31, 2011:

a)  The Company recorded a derivative liability of $105,000 related to a conversion feature embedded in the $51,000 convertible note issued during the period to an executive officer of the Company.  The derivative liability was recorded as debt discount and the excess as an expense on the statement of operations as other income expense.