XML 30 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended 170 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss $ (2,056,885) $ (4,118,684) $ (51,950,968)
Adjustments to reconcile net loss to net cash from operating activities:      
Depreciation       213,228
Non-cash loss on debt financing 200,000 85,550 1,573,263
Changes in fair value of derivative liabilities (2,144,566) (544,576) (6,448,958)
Loss (gain) on settlement of debt 1,478,792 (28,688) 13,169,593
Gain on extinguishment of derivative liabilities - warrants       (290,500)
Loss on disposal of assets       5,399
Non-cash interest and financing charges 934,261    6,402,760
Stock based compensation 121,685 2,430,521 13,237,305
Changes in operating assets and liabilities:      
Due from government agency       (1,055)
Prepaid expenses and deposits (103,950) 34,123 (142,954)
Deferred financing costs 23,368 (1,118) 11,165
Accounts payable and accrued liabilities 716,371 940,661 6,313,652
Research agreement obligations 76,367 106,218 710,496
NET CASH USED IN OPERATING ACTIVITIES (754,557) (1,095,993) (17,197,574)
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuance of shares, net 231,651 455,000 11,092,226
Convertible notes, net 335,000 206,000 2,458,906
Proceeds from promissory notes    67,942   
Proceeds from loans payable    21,000 428,000
Notes and loans payable       919,845
Advances from (to) related parties 159,000 99,544 1,958,783
Stock subscriptions       140,000
NET CASH PROVIDED BY FINANCING ACTIVITIES 725,651 849,486 16,997,760
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of furniture and equipment       (218,626)
Cash acquired on reverse acquisition       423,373
NET CASH PROVIDED by INVESTING ACTIVITIES       204,747
INCREASE (DECREASE) IN CASH (28,906) (246,507) 4,933
CASH, BEGINNING OF PERIOD 33,839 250,234   
CASH, END OF PERIOD $ 4,933 $ 3,727 $ 4,933