Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash $ 3,315,294 $ 129,152
Marketable securities - available for sale securities 18,750   
Note receivable - related party 133,058   
Prepaid expenses 75,000   
Assets of discontinued operations - current portion    20,000
Total current assets 3,542,102 149,152
Other assets:    
Real estate held for sale 254,016   
Assets of discontinued operations - long term portion    3,500
Total other assets 254,016 3,500
Total Assets 3,796,118 152,652
Current liabilities:    
Accounts payable and accrued expenses 107,703 4,000
Notes payable - related party    152,974
Advances payable    100,000
Liabilities of discontinued operations 30,664   
Total liabilities 138,367 256,974
Stockholders' Equity (deficit):    
Preferred stock, $.0001 par value, 50,000,000 shares authorized: none issued and outstanding      
Common stock, ($.0001 par value; 200,000,000 shares authorized; 33,512,187 and 10,000,000 issued and outstanding at June 30, 2012 and December 31, 2011 3,351 1,000
Additional paid-in capital 8,416,451 4,000
Accumulated other comprehensive income - marketable securities available for sale (106,250)   
Accumulated deficit (4,655,700) (109,322)
Total American Strategic Minerals Corporation deficit 3,657,852 (104,322)
Non-controlling interest in subsidiary (101)   
Total stockholders' equity (deficit) 3,657,751 (104,322)
Total liabilities and stockholders' equity (deficit) $ 3,796,118 $ 152,652