XML 46 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT (USD $)
12 Months Ended 82 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Income Statement [Abstract]      
Revenue       
Expenses:      
Consulting and contractor expenses 1,219,602 387,433 4,402,753
Professional fees 296,668 81,592 784,926
Vessel expense 126,472 100,916 505,355
Travel and entertainment expense 105,040 48,080 322,416
General and administrative expense 64,258 26,886 384,192
Depreciation expense 33,984 32,783 202,182
Rent expense 33,414 16,093 154,100
Other operating expenses       13,187
Total operating expenses 1,879,438 693,783 6,769,111
Income from operations (1,879,438) (693,783) (6,769,111)
Other income (expense):      
Interest expense (356,170) (297,654) (1,035,711)
Interest income 99,701 93,636 243,922
Loss on extinguishment of debt (38,447) (37,197) (419,560)
Loss on impairment    (21,800) (42,800)
Total other income (expense) (294,916) (263,015) (1,254,149)
Net loss $ (2,174,354) $ (956,798) $ (8,023,260)
Net loss per share - basic and diluted $ 0.00 $ 0.00  
Weighted average common shares outstanding - basic and diluted 806,432,658 670,703,572