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Consolidated Statements of Cash Flow (USD $)
3 Months Ended 60 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Cash Flows from Operating Activities      
Net loss $ (498,851) $ (2,173,525) $ (6,230,097)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 212 26 488
Stock based compensation 74,516 1,500,000 2,625,111
Impairment charges 0 0 2,662,000
Derivatives charges and credits 21,439 460,000 (1,538,267)
Changes in operating assets and liabilities      
(Increase) in accounts receivable 16,005 0 (1,552)
(Increase) in inventories 8,555 0 (517,729)
(Increase) in deferred financing cost 34,000 0 34,000
(Increase) in prepaid expenses and other assets (46,540) (167,342) (143,827)
Increase in accounts payable and accrued expenses (129,507) 14,998 300,558
Net cash used in operating activities (520,171) (365,843) (2,809,315)
Cash Flows from Investing Activities      
Acquisition of intellectual property 0 (450,000) (450,000)
Acquisition of fixed assets (1,224) (1,569) (4,248)
Decrease in security deposits 10,000 0 10,000
Net cash used in investing activities 8,776 (451,569) (444,248)
Cash Flows from Financing Activities      
(Repayments to) advances from related parties (53,139) 0 87,295
Repayment of notes payable (350,000) 0 (742,500)
Insurance financing note 0 (10,487) 0
Offering costs 0 0 (45,000)
Proceeds from issuance of stock to initial stockholders 0 0 80,000
Proceeds from issuance of notes 0 0 540,000
Proceeds from private placement of common stock 1,025,000 1,427,256 3,505,500
Net cash provided by financing activities 621,861 1,416,769 3,425,295
Net increase in cash 110,466 599,357 171,732
Cash at beginning of the period 61,266 0 0
Cash at end of the period 171,732 599,357 171,732
Supplemental Disclosure of Cash Flow Information:      
Cash paid for franchise taxes 1,550 800 2,350
Cash paid for interest 0 0 0
Supplemental Disclosure of Non-Cash Transactions:      
Offering costs paid by stockholder 0 25,000 25,000
Conversion of stockholder loan into common stock   2,744 2,744
Conversion of stockholder loan into capital - no shares issued 0 22,256 22,256
Note payable - insurance financing 0 42,500 42,500
Note issued for accounts payable 0 0 7,500
Acquisition of intellectual property through note payable 0 700,000 700,000
Financing costs through issuance of restricted common stock $ 0 $ 0 $ 60,000