June 30,            December 31,
                                                                     2008                  2007
                                                                  (Unaudited)            (Audited)
                                              ASSETS

                                                                                    
Current Assets:
   Cash                                                            $    33,284            $    45,499
   Restricted cash - security deposits                                   9,012                 13,728
   Accounts receivable                                                   7,972                  8,743
   Prepaid Insurance                                                       471                     --
   Note receivable - related party                                   2,025,106              2,131,780
   Other asset                                                           3,000                  3,719
                                                                     _________              _________
      Total current assets                                           2,078,845              2,203,469

   Fixed asset, net of accumulated depreciation of  $4,500 and
     $1,375 at June 30,2008 and December 31, 2007, respectively        165,500                163,625
   Intangible assets, net of accumulated amortization of $63,065
     and $32,113 at June 30, 2008 and December 31, 2007,
     respectively                                                       13,550                 44,502
   Goodwill                                                            148,146                148,146
                                                                     _________              _________
      Total Assets                                                  $2,406,041             $2,559,742
                                                                    __________             __________

LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities:
   Accounts payable and accrued expenses                            $  189,324             $  311,371
   Security deposits                                                     7,799                 10,695
   Accrued consulting - related party                                   95,694                195,694
   Unsecured liability including accrued interest of $16,667 and $0
     at June 30, 2008 and December 31, 2007, respectively              566,249                604,582
   Notes payable including accrued interest
     of $63,593 and $590,374 at June 30, 2008
     and December 31, 2007, respectively                             2,177,311              1,980,008
   Convertible debentures including
     interest of $51,848 and $5,700
     at June 30, 2008 and December 31, 2007, respectively              156,849                 35,700
   Debt derivative                                                     395,858                150,269
                                                                     _________              _________
      Total current liabilities                                      3,589,084              3,288,319

Long Term Liabilities:
   Notes payable, noncurrent including interest of $8,930 as of
     June 30, 2008                                                      78,930                     --
   Convertible debentures, noncurrent including interest of
     $41,160 December 31, 2007                                              --                116,160
                                                                    __________             __________
      Total liabilities                                              3,668,014              3,404,479

Stockholders' Deficit:
   Preferred stock:  $0.001 par value,
     designated as Series A;    authorized 15,000,000 shares; none
     issued and outstanding at June 30, 2008 and December 31,
     2007, respectively                                                     --                     --
   Common stock: $0.001 par value; authorized 235,000,000
     shares; issued and outstanding 5,519,926 and 2,524,252 at
     June 30, 2008 and December 31, 2007, respectively                   5,520                  2,524
   Additional paid-in capital                                        9,652,194              8,690,453
   Accumulated deficit                                             (10,917,572)           (9,549,737)
   Stock payable                                                        (2,115)               12,023
                                                                   ___________            ___________
      Total stockholders' deficit                                   (1,261,973)             (844,737)
                                                                   ___________            ___________
      Total liabilities and stockholders' deficit                  $ 2,406,041            $2,559,742
                                                                   ___________            __________

                                                                For the Six Months Ended
                                                                       June 30,
                                                                  2008           2007
                                                                           
Cash flows from operating activities
   Net loss                                                      $ (1,367,835)    $ (4,514,046)
Adjustments to reconcile net loss
to net cash used in operating activities:
   Depreciation and amortization expense                               34,077               --
   Stock issued for services                                          389,097        1,775,068
   Stock issued for interest expense                                   50,000               --
   Stock issued for accounts payable                                   11,500               --
   Stock issued for officer compensation                              500,000               --
   Loss on disposition of investment subsidiary                            --           64,170
   Gain on extinguishment of debt                                    (879,632)              --
   Fair value of debt derivative                                      245,589          (39,347)
   Interest income                                                         --           (1,700)
Change in operating assets and liabilities:
   Decrease in restricted cash - security deposits                      4,716               --
   Decrease in accounts receivable                                        771               --
   (Increase) in prepaid expense                                         (471)              --
   (Increase) in notes receivable-related party                       (40,317)      (1,067,040)
   (Increase) in notes receivable                                          --          (81,204)
   (Increase) in deposits                                                  --         (300,000)
   Decrease in other assets                                               719               --
   Increase in accounts payable and accrued expense                    24,946          101,821
   (Decrease) in security deposits                                     (2,896)              --
   Increase in accrued interest                                        57,829          394,511
   Increase in unsecured liability                                         --          500,000
                                                                   __________     ____________
Net cash used in operating activities                                (971,907)      (3,167,767)

Cash flows from investing activities:
   Property purchases                                                  (5,000)      (1,216,232)
   Property sales                                                          --          668,838
                                                                   ___________      ___________

Net cash used in investment activities                                 (5,000)        (547,394)

Cash flows from financing activities:
   Stock for cash                                                          --          127,200
   Accrued expense-related party                                     (100,000)              --
   Proceeds from notes payable                                      1,115,000        4,408,678
   Payments for notes payable and unsecured liability                 (50,308)        (705,636)
                                                                   ___________       __________
Net cash provided by financing activities                             964,692        3,830,242

(Decrease) increase in cash                                           (12,215)         115,081

Cash at beginning of period                                            45,499           12,026
                                                                   __________       __________

Cash at end of period                                             $    33,284      $   127,107
                                                                  ___________      ___________
Supplement disclosure of cash flow information:
   Interest paid                                                  $   94,476       $    61,843
                                                                  __________       ___________
   Income taxes paid                                              $       --       $        --
                                                                  __________       ___________

Non-cash transactions:
Note receivable and interest income exchanged for
   accounts payable, accrued expenses and debt                    $  146,991       $    45,988
                                                                  __________       ___________

Redevelopment houses acquired through
   note  receivable - related party                               $       --       $   185,913
                                                                  __________       ___________

Notes receivable - related party acquired
   through note payable                                           $       --       $ 1,184,414
                                                                  __________       ___________

Conversion of notes payable, debentures
   and accrued interest to common stock                           $        --      $   129,563
                                                                  ___________      ___________

Stock dividend                                                    $        --      $   746,035
                                                                  ___________      ___________



Unsecured liability converted to a note payable                   $    40,000      $        --
                                                                  ___________      ___________

Reclassification of investment in portfolio
   companies and prepaid expense to land
   and retained earnings                                          $        --      $  1,089,803
                                                                  ___________      ___________

Stock receivable from excess shares
   issued for compensation agreement                              $     2,115      $         --
                                                                  ___________      ____________

Release of stock payable                                          $    12,023      $         --
                                                                  ___________      ____________