UNAUDITED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended	60 Months Ended
UNAUDITED STATEMENTS OF CASH FLOWS (USD $)	Jun. 30, 2011	Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss	$ (162,725)	$ (1,171,966)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization		5,294
Depreciation		756
Impairment loss		5,294
Stock issued for debt	93,000
Bad debt expense-related party
Accrued rent and rent expense paid through issuance of common stock		43,500
Equity in loss of investment in affiliate		4,278
Loss on disposal of fixed assets		1,763
Amortization of stock issued for prepaid expenses		100
Changes in Operating Assets and Liabilities
Loans receivable		(32,372)
Prepaid expenses	2,890
Non current assets	204
Accounts payable	20,355	27,355
Accrued expenses	14,417	23,700
Accrued compensation-officers	8,089	65,530
Accrued interest-related party
Net Cash Provided by Operating Activities	10,886	(664,357)
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property for inventory		(210,000)
Purchase of equipment		(2,519)
Investment in subsidiaries		(50,239)
Cash paid for acquisition of intangible asset		(10,000)
Net Cash Used in Investing Activities		(272,758)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from related party loans		307,204
Repayments of related party advances		(46,024)
Proceeds from notes payable-related party		162,109
Proceeds from convertible notes payable-related party		45,300
Proceeds from sale of common stock-related party		64,700
Proceeds from sale of long term bond		434,667
Net Liabilities distributed in spin off		59,652
Repayment of loans	(90,000)	(90,000)
Net Cash Used in Financing Activities	(90,000)	937,608
Net Increase (Decrease) in Cash and Cash Equivalents	(79,119)	493
Cash at Beginning of Period	79,607
Cash at End of Period	493	493
Supplementary Cash Flow Information:
Cash paid for income taxes
Cash paid for interest		4,561
Non Cash Investing and Financing Activities
Common stock issued in connection with acquisition of intangible asset		588
Common stock issued for prepaid expense related party		15,000
Common stock issued for accrued expenses - related party		16,000
Common stock issued for debt and accrued compensation - related party		35,000
Common stock issued for debt and accrued interest - related party		411,667
Stock issued for services
Changes in Operating Assets and Liabilities
Stock issued for services	17,860	71,860
Stock issued for services-related parties
Changes in Operating Assets and Liabilities
Stock issued for services	$ 17,000	$ 197,551

World Mortgage Exchange Group, Inc. 10-Q/A