XML 26 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
STATEMENT OF CASH FLOWS (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:    
Net income (loss) $ (7,019,876) $ (2,220,774)
Adjustments to reconcile net earnings (loss) to net cash (used in) operating activities:    
Issuance of common stock for services 49,251 158,760
Issuance of common stock for compensation 1,526,704   
Compensation paid by related party (657,920) 716,083
Debt conversion expense    947,096
Options granted    387,057
Increase (decrease) in operating assets and liabilities:    
Accounts payable and accrued expenses 35,846 (6,000)
Prepaid expenses 17,500 17,502
Accrued compensation 6,045,973   
Net cash (used in) operating activities (2,522) (276)
Cash flows from financing activities:    
Proceeds from note payable 3,000   
Net cash provided by financing activities 3,000   
Net increase (decrease) in cash and cash equivalents 478 (276)
Cash and equivalents at beginning of period    276
Cash and equivalents at end of period 478   
SUPPLEMENTARY DISCLOSURE OF NONCASH TRANSACTIONS    
Shares issued for services 49,251 158,760
Shares issued for compensation 1,526,704   
Non-cash lease income $ (1,000,000) $ (1,000,000)