XML 31 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues $ 0 $ 0 $ 5,714 $ 3,190
Salaries and fringe benefits 115,981 144,597 413,006 409,216
Professional fees 19,161 49,438 98,039 192,462
Other general and administrative costs 110,305 579,320 529,647 871,760
Total general and administrative expenses 245,447 773,355 1,040,692 1,473,438
Operating loss (245,447) (773,355) (1,034,978) (1,470,248)
Other income (expense)        
Income from forgiveness of payables and debt       228,802 872,861
Other income    500    1,268
Interest expense (13,499) (42,557) (72,750) (160,498)
Total other income (expenses) - net (13,499) (42,057) 156,052 713,631
Net income (loss) (258,946) (815,412) (878,926) (756,617)
Preferred dividend - beneficial conversion (63,333) (333,334) (395,000) (1,498,334)
Preferred dividends - stock dividends (32,516) (20,104) (79,518) (68,128)
Net loss available to common shareholders $ (354,795) $ (1,168,850) $ (1,353,444) $ (2,323,079)
Basic and diluted net loss per share $ (0.01) $ (0.11) $ (0.07) $ (0.25)
Basic and diluted weighted average shares outstanding 28,927,903 10,658,506 20,450,211 9,248,566