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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' (DEFICIT) EQUITY (USD $)
Pereferred Stock
Common Stock
Additional Paid-In Capital
Deferred Compensation
Accumulated Other Comprehensive Income
Accumulated Defecit during Exploration Stage
Accumulated Deficit
Total
Balance at Dec. 31, 2005    $ 26,277 $ 28,328,758 $ (3,981,947) $ (185,414) $ (8,731,209) $ (12,337,511) $ 3,118,954
Balance, shares at Dec. 31, 2005   26,277,097            
Reversal of unamortized deferred compensation upon adoption of SFAS 123R     (3,981,947) 3,981,947        
Issuance of common stock in April 2006 in exchange for cash, net of costs and fees   4,200 3,145,800         3,150,000
Issuance of common stock in April 2006 in exchange for cash, net of costs and fees, shares   4,200,000            
Shares returned and cancelled /Retired   (450) 450          
Shares returned and cancelled /Retired, shares   (450,000)            
Issuance of common stock in June 2006 in exchange for convertible notes/ Gemini note in subsidiary   160 178,456         178,616
Issuance of common stock in June 2006 in exchange for convertible Gemini notes in subsidiary, shares   160,000            
Issuance of common stock in July 2006 in exchange for stock options exercised   400 99,600         100,000
Issuance of common stock in July 2006 in exchange for stock options exercised, shares   400,000            
Conversion/ Reclass of warrant liability upon registration of warrants     3,787,861         3,787,861
Peace Oil acquisition warrants     (3,420,900)         (3,420,900)
Gain on investment     4,147,556         4,147,556
Conversion to equity method     3,133,622         3,133,622
Employee stock option expense     4,138,639         4,138,639
Other stock options awards granted pursuant to employment agreement     640,491         640,491
Foreign currency translation adjustment         339,014     339,014
Net loss/imcome           (15,926,093)   (15,926,093)
Balance at Dec. 31, 2006    30,587 40,198,386    153,600 (24,687,302) (12,337,511) 3,387,760
Balance, shares at Dec. 31, 2006   30,587,097            
Issuance of common stock in June 2006 in exchange for convertible notes/ Gemini note in subsidiary   2,000 (898,000)         (900,000)
Issuance of common stock in June 2006 in exchange for convertible Gemini notes in subsidiary, shares   2,000,000            
Issuance of common stock in July 2006 in exchange for stock options exercised   383 91,483         91,866
Issuance of common stock in July 2006 in exchange for stock options exercised, shares   383,333            
Conversion/ Reclass of warrant liability upon registration of warrants     3,385,975         3,385,975
Peace Oil acquisition warrants     368,000         368,000
Employee stock option expense     1,348,943         1,348,943
Exchange of Redeemable Preferred Shares into common stock   7,500 4,468,824         4,476,324
Exchange of Redeemable Preferred Shares into common stock, shares   7,499,907            
Foreign currency translation adjustment         (1,068,737)     (1,068,738)
Net loss/imcome           (11,343,620)   (11,343,620)
Balance at Dec. 31, 2007    36,470 48,963,611    (915,138) (36,000,922) (12,337,511) (253,492)
Balance, shares at Dec. 31, 2007   36,470,337            
Shares returned and cancelled /Retired   (4,123) 4,706,114         4,701,931
Shares returned and cancelled /Retired, shares   (4,182,950)            
Issuance of common stock in July 2006 in exchange for stock options exercised   150 5,700         5,850
Issuance of common stock in July 2006 in exchange for stock options exercised, shares   150,000            
Retirement of stock on sale of Cynthia Holdings, Ltd   (1,000) 1,000          
Retirement of stock on sale of Cynthia Holdings, Ltd, shares   (1,000,000)            
Valuation of warrant liabilities in connection with private placement     24,506         24,506
Employee stock option expense     265,691         265,691
Unrealized loss on available for sale securities         (980,270)     (980,270)
Foreign currency translation adjustment         899,499     899,499
Net loss/imcome           607,835   607,835
Balance at Dec. 31, 2008    31,437 53,966,622    (995,909) (35,393,088) (12,337,512) 5,271,550
Balance, shares at Dec. 31, 2008   31,437,387            
Valuation of warrant liabilities in connection with private placement     52,846         52,846
Employee stock option expense     163,649         163,649
Unrealized loss on available for sale securities         980,270     980,270
Foreign currency translation adjustment         14,538     14,538
Net loss/imcome           (2,329,180)   (2,329,180)
Balance at Dec. 31, 2009   31,437 54,183,117    (1,101) (37,722,268) (12,377,512) 4,153,673
Balance, shares at Dec. 31, 2009   31,437,387            
Issuance of common stock in April 2006 in exchange for cash, net of costs and fees   2,200 216,300         218,500
Issuance of common stock in April 2006 in exchange for cash, net of costs and fees, shares   2,200,000            
Employee stock option expense     85,732         85,732
Foreign currency translation adjustment         1,101     1,101
Net loss/imcome           (1,050,802)   (1,050,802)
Balance at Dec. 31, 2010   33,637 54,485,149       (38,773,070) (12,337,512) 3,408,204
Balance, shares at Dec. 31, 2010   33,637,387            
Issuance of common stock in April 2006 in exchange for cash, net of costs and fees   2,250 65,250         67,500
Issuance of common stock in April 2006 in exchange for cash, net of costs and fees, shares   2,250,000            
Employee stock option expense     79,003         79,003
Unrealized loss on available for sale securities         (381,402)     (381,402)
Net loss/imcome           (535,806)   (535,806)
Balance at Dec. 31, 2011   $ 35,887 $ 54,629,402    $ (381,402) $ (39,308,876) $ (12,337,512) $ 2,637,499
Balance, shares at Dec. 31, 2011   35,887,387