XML 19 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Statements of Cash Flows (USD $)
6 Months Ended 12 Months Ended 50 Months Ended 56 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Mar. 31, 2012
Cash Flows Used In Operating Activities:            
Net Loss $ (1,159,030) $ (18,108,759) $ (19,130,616) $ (64,822) $ (19,594,057) $ (20,753,087)
Adjustments to reconcile net loss to net cash used in operations            
Common stock issued for services 5,500 0 27,500 0 28,000 33,500
Common stock issued for intellectual property 0 17,644,999 17,644,999 0 17,644,999 17,644,999
Beneficial conversion feature in stock conversion 0 50,000 50,000 0 50,000 50,000
In-kind contribution of services 0 289,600 289,600 5,200 305,900 305,900
In-kind contribution of interest 0 12,824 12,824 25,506 54,448 54,448
Compensation expense on stock options 216,059 0 0 0 0 216,059
Depreciation and amortization expense 1,148 489 1,312 982 3,848 4,996
Impairment of inventory 58,935 0 58,935 0 58,935 0
Changes in operating assets and liabilities:            
Increase in accounts receivable (48,142) 0 0 0 0 (48,142)
Increase in inventory (58,935) 0 (58,935) 0 (58,935) 0
Decrease in prepaid 5,938 0 (28,873) 0 (28,873) (22,935)
Increase in employee advances (3,321) 0 (5,583) 0 (5,583) (8,904)
Decrease in accounts payable and accrued expenses (61,089) 60,470 156,986 555 167,776 106,687
Increase in accounts payable - related parties 2,117   0 0 0 2,117
Decrease in deferred revenue (40,000) 0 40,000 0 40,000 0
Net Cash Used In Operating Activities (1,080,820) (50,377) (941,851) (32,579) (1,333,542) (2,414,362)
Cash Flows Used in Investing Activities:            
Purchase of Fixed Assets (680) 0 (5,409) 0 (10,318) (10,998)
Net Cash Used In Investing Activities (680) 0 (5,409) 0 (10,318) (10,998)
Cash Flows From Financing Activities:            
Proceeds from loan payable 0 0 0 0 325,750 325,750
Proceeds from convertible note payabe 0 50,000 50,000 0 50,000 50,000
Repayments of loan payable 0 0 (285,750) 0 (325,750) (325,750)
Purchase of treasury stock 0 0 0 0 (93,000) (93,000)
Proceeds from issuance of common stock, net of offering costs 85,000 962 3,300,937 32,500 3,504,787 3,589,787
Net Cash Provided by Financing Activities 85,000 50,962 3,065,187 32,500 3,461,787 3,546,787
Net (Decrease) in Cash (996,500) 585 2,117,927 (79) 2,117,927 1,121,427
Cash at Beginning of Year/Period 2,117,927 0 0 79 0 0
Cash at End of Year/Period 1,121,427 585 2,117,927 0 2,117,927 1,121,427
Supplemental disclosure of cash flow information:            
Cash paid for interest 60 0 1,750 0 1,750 1,810
Cash paid for taxes 0 0 0 0 127 127
Supplemental disclosure of non-cash investing and financing activities:            
Stock issued in exchange for subscription receivable $ 1,525,000 $ 100,000 $ 0 $ 0 $ 0 $ 1,625,000