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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended21 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:   
Net income (loss)$ 148,189$ (4,364,897)$ (4,341,949)
Adjustments to reconcile net income (loss) to net cash used in operating activities:   
Depreciation and amortization1,0241,2282,252
Stock-based compensation166,8001,123,4001,439,200
Interest accreted on financial instruments0168,600168,600
Beneficial conversion interest06,3606,360
Gain on settlement of agreement payable00(3,486,867)
Gain on disposition of assets(1,422)0(1,422)
Gain on disposal of subsidiaries0(86,984)(86,984)
Loss on impairment in value of investment0029,592
Fair value of common stock issued for services39,289203,306376,605
Loss (gain) on settlement of debt(1,214,937)36,023(1,178,914)
Amortization of deferred share compensation5,91821,57633,543
Penalty for late delivery of shares(1,145,350)1,188,8581,750,148
Loss (income) from discontinued operations19,530(215,824)450,600
Changes in operating assets and liabilities:   
Accounts receivable201(11,255)103,445
Prepaid expenses372(259)(1,797)
Accounts payable and accrued liabilities1,006,577629,0981,819,872
Net cash used in operating activities(973,809)(1,300,770)(2,917,716)
CASH FLOWS FROM INVESTING ACTIVITIES:   
Purchase of equipment00(6,846)
Cash utililzed in disposition of subsidiaries0(780)(780)
Proceeds from disposition of assets1,42201,422
Net cash (used in) provided by investing activities1,422(780)(6,204)
CASH FLOWS FROM FINANCING ACTIVITIES:   
Payments on notes payable(39,403)0(108,371)
Proceeds from notes payable96,160338,616334,776
Proceeds from convertible debentures099,278100,000
Repayments on debentures payable00(47,775)
Increase in amounts due to related parties0145,665150,810
Proceeds from issuance of common stock001,138,282
Private placement issuance costs0(19,447)(19,447)
Proceeds received from private placement498,330287,500856,802
Net cash provided by financing activities555,087851,6122,405,077
CASH FLOWS FROM (USED BY) DISCONTINUED OPERATIONS(16,869)358,090417,796
Effect of exchange rates21,874(3,917)1,015
Net decrease in cash(412,295)(95,765)(100,032)
Cash, beginning of period430,549118,286118,286
Cash, end of period18,25422,52118,254
SUPPLEMENTAL CASH FLOW DISCLOSURES:   
Interest8,92231,16498,387
Income taxes$ 0$ 0$ 0