XML 39 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
9 Months Ended 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss for the period $ (1,439,811) $ (1,303,241) $ (2,323,551)
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation expense 762     
Amortization expense 55,311 534 801
Changes in fair value of derivative liability. (305,244)     
Common shares issued for compensation    750,000 750,000
Common shares issued for director services earned during the period 281,250 93,750 187,500
Common shares issued for services-related party 272,550     
Common shares issued for outside services       90,725
Changes in operating assets and liabilities:      
Changes in Accounts receivable (120,659)     
Changes in Prepaid expenses (142,858) (49,219) (168,874)
Security deposit     (15,000)
Changes in Accounts payable 390,641 (36,067) 141,530
Changes in Accounts payable - related parties 21,469 15,150 20,220
Changes in Accrued expenses 6,045 310 (1,290)
Changes in Accrued interest 40,397 33,958 38,589
NET CASH USED IN OPERATING ACTIVITIES (654,431) (509,825) (1,279,350)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property, plant and equipment (4,889)    (3,036)
Proceeds from disposal of property and equipment        
Website development costs.    (5,315) (5,315)
Cash received from reverse acquisition    3,198 3,199
NET CASH USED IN INVESTING ACTIVITIES (4,889) (2,117) (5,152)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Advances from president and stockholder 2,100 200 200
Proceeds from issuance of convertible notes 200,000 750,000 1,200,000
Proceeds from sale of common stock, net of costs 447,500 100,000 100,000
NET CASH PROVIDED BY FINANCING ACTIVITIES 649,600 850,200 1,300,200
Net change in cash (9,720) 338,258 15,698
Cash at beginning of period 15,698      
CASH AT END OF PERIOD 5,978 338,258 15,698
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:      
Interest paid         
Income tax paid         
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Issuance of common stock for conversion of convertible notes 500,000 350,000 500,000
Issuance of common stock for conversion of accrued interest $ 27,739 $ 18,712 $ 23,068