XML 57 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
Jun. 30, 2013
Dec. 31, 2012
Assets    
Cash $ 5,273 $ 73,159
Restricted cash 50,000 0
Prepaid expenses 101,932 133,325
Total current assets 157,205 206,484
Equipment and furniture, net 22,034 23,632
Debt issuance cost, net 162,988 5,246
Assets 342,227 235,362
Liabilities and Shareholders' Deficit    
Notes payable, bank 650,025 600,000
Convertible debt 1,390,616 1,193,116
Notes payable, other 175,312 109,266
Accounts payable 898,197 838,918
Accrued expenses 1,210,911 1,008,933
Advances from related parties 100,000 0
Debt offering subscriptions received 50,000 0
Total current liabilities 4,475,061 3,750,233
Commitments and contingencies:      
Long-term notes payable, bank 0 100,025
Long-term convertible debt, related parties 0 200,000
Total liabilities 4,475,061 4,050,258
Shareholders' deficit:    
Common stock, $0.000001 par. Authorized 50,000,000 shares; 18,396,219 and 18,278,795 shares issued and outstanding on June 30, 2013 and December 31, 2012, respectively 184 183
Additonal paid-in capital 35,854,029 35,106,535
Deficit accumulated during development stage (39,987,047) (38,921,614)
Total shareholders' deficit (4,132,834) (3,814,896)
Liabilities and Stockholders' Equity, Total $ 342,227 $ 235,362