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| x | QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. |
|---|------------------------------------------------------------------------------------------|

| For the quarterly period ended | MARCH 31, 2010 |
|--------------------------------|---------------------|

| o | TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. |
|---|-------------------------------------------------------------------------------------------|

| Delaware                                                       | 13-4099008                        |
|----------------------------------------------------------------|-----------------------------------|
| (State or Other Jurisdiction of Incorporation or Organization) | (IRS Employer Identification No.) |

| 3 Grant Square, #315                     |       |
|------------------------------------------|------------|
| Hinsdale, Illinois                       | 60521      |
| (Address of Principal Executive Offices) | (Zip Code) |

| Large accelerated filer             ̈           | Accelerated filer  ̈    |
|-----------------------------------------------------------------------------------------------------------------|-----------------------------|
|  Non-accelerated filer              ̈ | Smaller reporting company Q |

| Class of Securities            |   | Shares Outstanding |
|--------------------------------|--------|--------------------|
| Common Stock, $0.001 par value |   | 75,000,000         |

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| INDEX                                                                                                | Page   |
|------------------------------------------------------------------------------------------------------|--------|
|                                                                                                 |   |
| PART I  - FINANCIAL INFORMATION                                                            |   |
|                                                                                                 |   |
| ITEM 1 - FINANCIAL STATEMENTS                                                                        | 3      |
|                                                                                                 |   |
| Consolidated Balance Sheet at March 31, 2010 (unaudited) and December 31, 2009                       | 3      |
|                                                                                                 |   |
| Consolidated Statements of Operations for the three months ended March 31, 2010 and 2009 (unaudited) | 4      |
|                                                                                                 |   |
| Consolidated Statements of Cash Flows for the three months ended March 31, 2010 and 2009 (unaudited) | 5      |
|                                                                                                 |   |
| Notes to Consolidated Financial Statements (unaudited)                                               | 6      |
|                                                                                                 |   |
| ITEM 2 - MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS | 10     |
|                                                                                                 |   |
| ITEM 3 - QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK                                  | 12     |
|                                                                                                 |   |
| ITEM 4 - CONTROLS AND PROCEDURES                                                                     | 12     |
|                                                                                                 |   |
| PART II-OTHER INFORMATION                                                                            |   |
|                                                                                                 |   |
| ITEM 1 - LEGAL PROCEEDINGS                                                                           | 13     |
|                                                                                                 |   |
| ITEM 2 - UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS                                 | 13     |
|                                                                                                 |   |
| ITEM 3 - DEFAULTS UPON SENIOR SECURITIES                                                             | 13     |
|                                                                                                 |   |
| ITEM 4 - OTHER INFORMATION                                                                           | 13     |
|                                                                                                 |   |
| ITEM 5 – EXHIBITS                                                                              | 13     |

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| ASSETS                                                                                                                |   | March 31, 2010 (unaudited) |       |   | December 31, 2009 |   |
|-----------------------------------------------------------------------------------------------------------------------|--------|---------------------------------|------------|--------|------------------------|--------|
| Current assets:                                                                                                       |   |                            |       |   |                   |   |
| Cash                                                                                                                  |   | $                               | 98         |   |                   | $      | 140 |   |
| Due from affiliate                                                                                                    |   |                            | --         |   |                   |   | -- |   |
| Machine held for sale                                                                                                 |   |                            | --         |   |                   |   | -- |   |
|                                                                                                                  |   |                            |       |   |                   |   |   |   |
| Total current assets                                                                                                  |   |                            | 98         |   |                   |   | 140 |   |
|                                                                                                                  |   |                            |       |   |                   |   |   |   |
|                                                                                                                  |   |                            |       |   |                   |   |   |   |
| Other assets:                                                                                                         |   |                            |       |   |                   |   |   |   |
| Investment in securities of Positron Corporation                                                                      |   |                            | 254,945    |   |                   |   | 286,773 |   |
|                                                                                                                  |   |                            |       |   |                   |   |   |   |
| Total assets                                                                                                          |   | $                               | 255,043    |   |                   | $      | 286,913 |   |
|                                                                                                                  |   |                            |       |   |                   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' DEFICIT                                                                                 |   |                            |       |   |                   |   |   |   |
| Current liabilities:                                                                                                  |   |                            |       |   |                   |   |   |   |
| Accounts payable                                                                                                      |   | $                               | 48,238     |   |                   | $      | 48,238 |   |
| Accrued expenses                                                                                                      |   |                            | 576,499    |   |                   |   | 562,836 |   |
| Due to affiliate                                                                                                      |   |                            | 29,224     |   |                   |   | 29,224 |   |
|                                                                                                                  |   |                            |       |   |                   |   |   |   |
| Total current liabilities                                                                                             |   |                            | 653,961    |   |                   |   | 640,298 |   |
|                                                                                                                  |   |                            |       |   |                   |   |   |   |
| Majority interest in consolidated subsidiary                                                                          |   |                            | 230,058    |   |                   |   | 230,058 |   |
|                                                                                                                  |   |                            |       |   |                   |   |   |   |
| Total liabilities                                                                                                     |   |                            | 884,019    |   |                   |   | 870,356 |   |
|                                                                                                                  |   |                            |       |   |                   |   |   |   |
| Stockholders’ deficit:                                                                                          |   |                            |       |   |                   |   |   |   |
| Preferred Stock, $0.001 par value; 5,000,000 shares authorized                                                        |   |                            | --         |   |                   |   | -- |   |
| Common stock, $0.001 par value; 95,000,000 shares authorized, 75,000,000 and 74,443,284 shares issued and outstanding |   |                            | 75,000     |   |                   |   | 74,443 |   |
| Additional paid-in capital                                                                                            |   |                            | 4,150,687  |   |                   |   | 4,112,274 |   |
| Accumulated deficit                                                                                                   |   |                            | (4,854,663 | )      |                   |   | (4,770,160 | ) ) |
|                                                                                                                  |   |                            |       |   |                   |   |   |   |
| Total stockholders’ deficit                                                                                     |   |                            | (628,976   | )      |                   |   | (583,443 | ) |
|                                                                                                                  |   |                            |       |   |                   |   |   |   |
| Total liabilities and stockholders’ deficit                                                                     |   | $                               | 255,043    |   |                   | $      | 286,913 |   |

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|                                                           |   | Three Months Ended  |       |
|----------------------------------------------------------------|--------|---------------------|------------|
|                                                           |   | March 31, 2010 |       |   | March 31, 2009 |   |
|                                                           |   |                |       |   |   |   |
| Revenues:                                                      |   | $                   | --         |   |   | $ | -- |   |
|                                                           |   |                |       |   |   |   |   |   |
| Costs of revenues:                                             |   |                | --         |   |   |   | 90,315 |   |
|                                                           |   |                |       |   |   |   |   |   |
| Gross loss                                                     |   |                | --         |   |   |   | (90,315 | ) |
|                                                           |   |                |       |   |   |   |   |   |
| Operating expenses:                                            |   |                |       |   |   |   |   |   |
| Marketing, general and administrative                          |   |                | 52,675     |   |   |   | 18,193 |   |
|                                                           |   |                |       |   |   |   |   |   |
| Total operating expenses                                       |   |                | 52,675     |   |   |   | 18,193 |   |
|                                                           |   |                |       |   |   |   |   |   |
| Loss from operations                                           |   |                | (52,675    | ) |   |   | (108,508 | ) |
|                                                           |   |                |       |   |   |   |   |   |
| Interest expense                                               |   |                | --         |   |   |   | (10,965 | ) |
| Equity in losses of Positron Corporation                       |   |                | (31,828    | ) |   |   | (17,467 | ) |
|                                                           |   |                |       |   |   |   |   |   |
| Loss from continuing operations  before income taxes |   |                | (84,503    | ) |   |   | (136,940 | ) |
|                                                           |   |                |       |   |   |   |   |   |
| Income taxes                                                   |   |                | --         |   |   |   | -- |   |
|                                                           |   |                |       |   |   |   |   |   |
| Net loss                                                       |   | $                   | (84,503    | ) |   | $ | (136,940 | ) |
|                                                           |   |                |       |   |   |   |   |   |
| Loss per share                                                 |   | $                   | (0.0011    | ) |   | $ | (0.0019 | ) |
|                                                           |   |                |       |   |   |   |   |   |
| Weighted average common shares:                                |   |                | 74,847,056 |   |   |   | 73,663,284 |   |

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|                                                                                    |   | March 31, 2010 |    |   | March 31, 2009 |   |
|-----------------------------------------------------------------------------------------|--------|---------------------|---------|--------|---------------------|--------|
|                                                                                    |   |                |    |   |                |   |
| Cash flows from operating activities:                                                   |   |                |    |   |                |   |
| Net loss                                                                                |   | $                   | (84,503 | )      |                | $      | (136,940 | ) |
| Adjustment to reconcile net loss to net cash provided by (used in) operating activities |   |                |    |   |                |   |   |   |
| Depreciation expense                                                                    |   |                | --      |   |                |   | 245 |   |
| Loss on disposal of assets                                                              |   |                | --      |   |                |   | 2,925 |   |
| Equity in losses of Positron Corporation                                                |   |                | 31,828  |   |                |   | 17,467 |   |
| Common stock issued for services                                                        |   |                | 38,970  |   |                |   | -- |   |
| Changes in operating assets and liabilities:                                            |   |                |    |   |                |   |   |   |
| Accounts payable and accrued liabilities                                                |   |                | 13,663  |   |                |   | 99,402 |   |
|                                                                                    |   |                |    |   |                |   |   |   |
| Net cash used in operating activities                                                   |   |                | (42     | )      |                |   | (16,901 | ) |
|                                                                                    |   |                |    |   |                |   |   |   |
| Cash flows from financing activities:                                                   |   |                |    |   |                |   |   |   |
| Advance from affiliate                                                                  |   |                | --      |   |                |   | 16,155 |   |
|                                                                                    |   |                |    |   |                |   |   |   |
| Net cash provided by financing activities                                               |   |                | --      |   |                |   | 16,155 |   |
|                                                                                    |   |                |    |   |                |   |   |   |
| Net decrease in cash                                                                    |   |                | (42     | )      |                |   | (746 | ) |
|                                                                                    |   |                |    |   |                |   |   |   |
| Cash at beginning of period                                                             |   |                | 140     |   |                |   | 942 |   |
|                                                                                    |   |                |    |   |                |   |   |   |
| Cash at end of period                                                                   |   | $                   | 98      |   |                | $      | 196 |   |
|                                                                                    |   |                |    |   |                |   |   |   |
| Supplemental cash flow information:                                                     |   |                |    |   |                |   |   |   |
| Interest paid                                                                           |   | $                   | --      |   |                | $      | -- |   |
| Income taxes paid                                                                       |   |                | --      |   |                |   | -- |   |

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|                                |   | Three Months Ended March 31, 2010 |        |   | Three Months Ended March 31, 2009 |   |
|-------------------------------------|--------|----------------------------------------|-------------|--------|----------------------------------------|--------|
| Revenues                            |   | $                                      | 467,000     |   |                                   | $      | 367,000 |   |
| Loss from operations                |   |                                   | (3,146,000  | )      |                                   |   | (527,000 | ) |
| Net loss                            |   |                                   | (3,265,000  | )      |                                   |   | (746,000 | ) |
| Loss per share                      |   | $                                      | (0.01       | )      |                                   | $      | (0.01 | ) |
| Weighted average shares outstanding |   |                                   | 410,371,000 |   |                                   |   | 170,733,440 |   |

|                        |   | March 31, 2010 |        |
|-----------------------------|--------|---------------------|-------------|
| Current assets              |   | $                   | 1,540,000   |   |
| Total assets                |   |                | 1,667,000   |   |
| Current liabilities         |   |                | 8,887,000   |   |
| Total liabilities           |   |                | 9,147,000   |   |
| Stockholders’ deficit |   |                | (7,480,000  | ) |
| Common shares outstanding   |   |                | 455,620,000 |   |

| Convertible Series A Preferred Stock |   |   | 457,000       |   |
|--------------------------------------|--------|--------|---------------|--------|
| Convertible Series B Preferred Stock |   |   | 634,599,000   |   |
| Convertible Series G Preferred Stock |   |   | 5,829,000     |   |
| Convertible Series S Preferred Stock |   |   | 1,000,000,000 |   |
| Stock Warrants                       |   |   | 190,642,000   |   |
| Stock Options                        |   |   | 26,645,000    |   |
|                                 |   |   | 250,000,000   |   |
|                                 |   |   | 2,108,172,000 |   |

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|                                                                                  |   | March 31, 2010 |        |   | December 31, 2009 |   |
|---------------------------------------------------------------------------------------|--------|---------------------|-------------|--------|------------------------|--------|
|                                                                                  |   |                |        |   |                   |   |
| Deferred tax assets                                                                   |   |                |        |   |                   |   |
| Net operating loss carryforwards                                                      |   | $                   | 1,535,000   |   |                   | $      | 1,500,000 |   |
| Unrealized loss on investment impairment and equity in losses of Positron Corporation |   |                | 503,000     |   |                   |   | 442,000 |   |
| Stock Based Compensation                                                              |   |                | 285,000     |   |                   |   | 272,000 |   |
|                                                                                  |   |                | 2,323,000   |   |                   |   | 2,214,000 |   |
| Valuation allowance                                                                   |   |                | (2,323,000) |   |                   |   | (2,214,000) |   |
|                                                                                  |   | $                   | -           |   |                   | $      | - |   |

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|   | 1. | Lack of formal policies and procedures necessary to adequately review significant accounting transactions. The Company utilizes a third party independent contractor for the preparation of its financial statements. Although the financial statements and footnotes are reviewed by our management, we do not have a formal policy to review significant accounting transactions and the accounting treatment of such transactions. The third party independent contractor is not involved in the day to day operations of the Company and may not be provided information from management on a timely basis to allow for adequate reporting/consideration of certain transactions. In the case of the Company’s recent restatement of the investment in Positron securities, a periodic review (not less than quarterly) and discussion of significant transactions (i.e. increasing advances to a related party) may have led to more timely adoption of the proper method of accounting. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 2. | Audit Committee and Financial Expert. The Company does not have a formal audit committee with a financial expert, and thus the Company lacks the board oversight role within the financial reporting process. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Establishing a formal review process of significant accounting transactions that includes participation of the Chief Executive Officer, the Chief Financial Officer and the Company’s corporate legal counsel. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Form an Audit Committee that will establish policies and procedures that will provide the Board of Directors a formal review process that will among other things, assure that management controls and procedures are in place and being maintained consistently. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| FORM 10-Q | SEPTEMBER 30, 2008 |
|-----------|--------------------|

IT

IT

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| Exhibit |   | Description of the Exhibit                                                                                                                      |
|---------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------|
|    |   |                                                                                                                                            |
| 31.1    |   | Chairman of the Board Certification of Periodic Financial Report Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                     |
| 31.2    |   | Chief Financial Officer Certification of Periodic Financial Report Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                   |
| 32.1    |   | Chairman of the Board Certification Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.   |
| 32.2    |   | Chief Financial Officer Certification Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes Oxley Act of 2002. |

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| Date:     May 19, 2010 |  /s/ Joseph G. Oliverio     |
|-------------------------------------------------|----------------------------------|
|                                            | Joseph G. Oliverio               |
|                                            | Chief Executive Office, Director |
|                                            | (principal executive officer)    |
|                                            |                             |
| Date:    May 19, 2010       | /s/ Corey N. Conn                |
|                                            | Corey N. Conn                    |
|                                            | Chief Financial Officer          |
|                                            | (principal accounting officer)   |

| Exhibit |   | Description of the Exhibit                                                                                                                       |
|---------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------|
| 31.1    |   | Chairman of the Board Certification of Periodic Financial Report Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*                     |
|    |   |                                                                                                                                             |
| 31.2    |   | Chief Financial Officer Certification of Periodic Financial Report Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*                   |
|    |   |                                                                                                                                             |
| 32.1    |   | Chairman of the Board Certification Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.#   |
|    |   |                                                                                                                                             |
| 32.2    |   | Chief Financial Officer Certification Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes Oxley Act of 2002.# |

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