XML 23 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended 18 Months Ended
Dec. 31, 2011
Dec. 31, 2011
Income Statement [Abstract]    
Revenue $ 1,580,302   
Expenses    
Project development costs 338,338   
Consulting services 408,506   
General and administrative expenses 652,510 (1,142,613)
Total 1,399,354 (1,142,613)
Net operating (loss) income 180,948 (1,142,613)
Other Expenses    
Impairment loss on intangibles 2,000,000   
Interest expense 45,300   
Financing charges 1,624,052   
(Loss) income before provision for income tax (3,488,404) (1,142,613)
Provision for income tax (15,500)   
Net (Loss) Income $ (3,503,904) $ (1,142,613)
Basic and fully diluted income (loss) per share $ (0.06) $ (38.08)
Weighted average number of common shares outstanding - basic and diluted (Note 1) 64,218,655 30,000