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Going Concern
3 Months Ended
Sep. 30, 2012
Going Concern [Abstract]  
Going Concern

NOTE 2 - Going Concern


These unaudited condensed consolidated financial statements have been prepared on a going concern basis, which implies the Company will continue to realize it assets and discharge its liabilities in the normal course of business. As of September 30, 2012, the Company had a working capital deficit, an accumulated deficit and stockholders' deficit of $514,338, $24,605,573 and $1,817,980, respectively, and incurred losses from operations of $1,805,687 for the three months ended September 30, 2012 and used cash from operations of $943,191 during the three months ended September 30, 2012. In addition, the Company has not yet generated revenue sufficient to support ongoing operations. These factors raise substantial doubt regarding the Company's ability to continue as a going concern.


In January 2012, the Company signed a purchase agreement with Lincoln Park Capital Fund LLC which provided for the sale of up to an additional $4.9 million worth of common stock of the Company, in addition to the $100,000 purchased upon entering into the agreement. To date the Company has issued 2,086,638 shares of common stock in exchange for $1,330,003 under this agreement and has the ability to sell another $3.7 million under the agreement.


Management believes that the actions presently being taken provide the opportunity for the Company to continue as a going concern. Ultimately, the continuation of the Company as a going concern is dependent upon the ability of the Company to generated sufficient revenue to attain profitable operations. These unaudited condensed consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.