VOYAGER ENTERTAINMENT INTERNATIONAL INC

CIK:0001028394|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended		177 Months Ended
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]
Revenues
Operating expenses:
Professional and consulting fees	135,814	133,775	428,661	398,141	14,341,370
Project costs	2,608	1,833	3,602	6,352	266,290
Bad debt expense		250,000		250,000	500,000
Settlement expense and nullification fee expense					1,025,000
Other expense	25,094	27,006	82,812	79,546	1,528,233
Total operating expenses	163,516	412,614	515,075	734,039	17,660,893
Operating loss	(163,516)	(412,614)	(515,075)	(734,039)	(17,660,893)
Other (expense) income:
Interest income					132,528
Interest expense	(61,314)	(65,109)	(187,944)	(188,843)	(3,301,579)
Finance fees	(4,138)	(3,907)	(9,219)	(11,033)	(83,057)
Loss on disposal of fixed assets		(551)		(551)	(2,780)
Total other expense	(65,452)	(69,567)	(197,163)	(200,427)	(3,254,888)
Net loss	(228,968)	(482,181)	(712,238)	(934,466)	(20,915,781)
Preferred stock dividends					(130,000)
Net loss allocable to common stockholders	$ (228,968)	$ (482,181)	$ (712,238)	$ (934,466)	$ (21,045,781)
Net loss per common share - basic and diluted	$ 0.0	$ 0.0	$ (0.01)	$ (0.01)
Weighted average number of common shares outstanding	177,127,287	154,513,947	117,125,967	101,388,238

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended		177 Months Ended
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011
Cash Flows from Operating Activities:
Net Loss	$ (712,238)	$ (934,466)	$ (20,915,781)
Adjustments to reconcile net loss to net cash used by operating activities:
Bad debt expense		250,000	500,000
Depreciation and amortization	11,252	7,271	68,976
Loss on disposal of fixed assets		551	2,780
Issuance of common stock for services	15,000	15,151	6,588,215
Issuance of common stock for nullification fee			375,000
Issuance of common stock for accrued bonus			750,000
Interest expense from the issuance of common stock			709,088
Accretion of debt issuance costs			500,000
Change in current assets and liabilities:
Prepaid expenses	19,429	1,336	18,653
Accounts payable and accrued expenses	217,473	201,440	1,957,985
Accrued expenses - related party	264,000	231,000	2,351,000
Accrued settlement obligation			650,000
Net cash used in operating activities	(185,084)	(227,717)	(6,444,084)
Cash flows from Investing Activities:
Deposit paid for real estate purchase	(1,000)		(1,000)
Payments to acquire fixed assets			(54,388)
Net cash used in investing activities	(1,000)		(55,388)
Cash flows from Financing Activities:
Proceeds from advances - related party			(500,000)
Proceeds from notes payable, short term debt			2,103,239
Proceeds from notes payable, due to related parties	167,500	223,000	1,039,000
Payment on notes payable, short term debt			(20,000)
Payment on notes payable, due to related parties			(12,500)
Proceeds from the sale of preferred stock			150,000
Proceeds from the sale of common stock	20,000		3,752,000
Proceeds from common stock payable			90,000
Payments for loan fees			(50,000)
Payments for deferred financing costs			(50,000)
Net cash provided by financing activities	187,500	223,000	6,501,739
Net increase (decrease) in cash	1,416	(4,717)	2,267
Cash, beginning of year	851	7,488
Cash, end of year	2,267	2,771	2,267
Cash paid for:
Interest			93,212
Income Taxes
Supplemental Schedule of Non-cash Investing and Financing Activities:
Disposal of fixed assets		40,219	44,666
Common stock issued for financing costs			988,300
Common stock issued for loan collateral, adjusted to fair value	(82,500)	(682,500)	37,500
Deferred construction costs, adjusted to fair value	(30,868)	4,219	14,132
Conversion of preferred shares			14,600
Common stock issued as acquisition deposit			750,000
Common stock cancelled due to business combination cancellation			375,000
Common stock receivable		75,000
Common stock issued to satisfy common stock payable		30,000	95,000
Common stock payable, adjusted to fair value	(5,500)	70,500	(72,500)
Common stock issued for website development		40,594	40,594
Common stock issued for prepaid services	45,000	17,795	112,795
Preferred stock issued as deposit for real estate purchase	$ 300,000		$ 300,000

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2011	Dec. 31, 2010
CURRENT ASSETS
Cash	$ 2,267	$ 851
Prepaids	94,143	68,570
Deposits	301,000
Total current assets	397,410	69,421
FIXED ASSETS, net of accumulated depreciation of $4,773 and $3,642, respectively	1,647	2,779
OTHER ASSETS, net of accumulated amortization of $19,537 and $9,416, respectively	21,057	31,178
Total assets	420,114	103,378
CURRENT LIABILITIES
Accounts payable and accrued expenses	2,038,725	1,821,251
Accrued expenses - related party	2,351,000	2,087,000
Notes payable	1,855,000	1,855,000
Due to related parties	1,026,500	859,000
Loans and settlement payable	878,239	878,239
Total current liabilities	8,149,464	7,500,490
Total liabilities	8,149,464	7,500,490
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' DEFICIT
Preferred stock: $0.001 par value; authorized 50,000,000 shares	7,500
Common stock: $0.001 par value; authorized 200,000,000 shares; issued and outstanding: 177,127,287 and 172,127,287 respectively	177,127	172,127
Additional paid-in capital	13,030,936	12,771,304
Deferred construction costs paid with common stock	(14,132)	(45,000)
Loan collateral paid with common stock	(37,500)	(120,000)
Common stock payable - related party	2,500	8,000
Common stock payable	20,000	20,000
Accumulated deficit during the development stage	(20,915,781)	(20,203,543)
Total stockholders' deficit	(7,729,350)	(7,397,112)
Total liabilities and stockholders' deficit	420,114	103,378
Series A - 1,500,000 designated, none outstanding [Member]
STOCKHOLDERS' DEFICIT
Preferred stock: $0.001 par value; authorized 50,000,000 shares
Series B - 10,000,000 designated, none outstanding [Member]
STOCKHOLDERS' DEFICIT
Preferred stock: $0.001 par value; authorized 50,000,000 shares
Series C - 20,000,000 designated, 7,500,000 and none issued and outstanding, respectively [Member]
STOCKHOLDERS' DEFICIT
Preferred stock: $0.001 par value; authorized 50,000,000 shares	$ 7,500