XML 20 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 50 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Income Statement [Abstract]      
Revenues      $ 34,000
Cost of Sales      35,355
Expenses      
General and administrative 66,050 41,960 1,333,694
Salaries and benefits 5,138 11,317 2,775,884
Professional fees 167,382 133,500 4,433,849
Stock issued or to be issued for compensation 16,875   2,411,318
Total general and administrative 255,445 186,777 10,954,745
Operating loss (255,445) (186,777) (10,954,745)
Other Income (Expense)      
Change in fair value of shares issued to note holder 81,787    81,787
Change in fair value of derivative liabilities (1,224,356) 375,141 (5,495,600)
Loss on disposition of assets       (5,390,373)
Loss on extinguishment of liabilities, net      (823,573)
Other expense       (20,000)
Other income       2,504
Interest, net (149,858) (193,838) (3,661,421)
Total other income (expense), net (1,292,427) 181,303 (4,315,476)
Net loss $ (1,547,872) $ (5,474) $ (15,271,576)
Basic and Diluted Loss Per Share (0.03)     
Weighted average number of Common Shares used in Basic and Diluted Net Loss Per share 49,297,430 43,836,849