Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash $ 1,525,799 $ 129,152
Marketable securities - available for sale securities 12,500   
Note receivable - related party 147,708   
Deposits in real estate under contract 85,660   
Deposits pursuant to non-binding agreements 150,000   
Prepaid expenses 57,916   
Assets of discontinued operations - current portion    20,000
Total current assets 1,979,583 149,152
Other assets:    
Real estate held for sale 1,521,247   
Assets of discontinued operations - long term portion    3,500
Total other assets 1,521,247 3,500
Total Assets 3,500,830 152,652
Current liabilities:    
Accounts payable and accrued expenses 205,192 4,000
Notes payable - related party    152,974
Advances payable    100,000
Liabilities of discontinued operations 30,664   
Total liabilities 235,856 256,974
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; 34,118,127 and 10,000,000 issued and outstanding at September 30, 2012 and December 31, 2011 3,412 1,000
Additional paid-in capital 9,933,153 4,000
Accumulated other comprehensive income - marketable securities available for sale (112,500)   
Accumulated deficit (6,548,595) (109,322)
Total American Strategic Minerals Corporation deficit 3,275,470 (104,322)
Non-controlling interest in subsidiary (10,496)   
Total stockholders' equity (deficit) 3,264,974 (104,322)
Total liabilities and stockholders' equity (deficit) $ 3,500,830 $ 152,652