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Condensed Statement of Cash Flows (USD $)
6 Months Ended 229 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Cash flows from operations:      
Net loss $ 155,177 $ (1,784,813) $ (113,970,100)
Changes in assets and liabilities (580,659) 617,215 36,113,408
Net cash used in operations (425,482) (1,167,598) (77,856,692)
Cash flows from investing activities:      
Proceeds from sale of property & equipment 0 0 4,390,015
Capital expenditures 0 0 (7,578,436)
Net cash (used in) investing activities 0 0 (3,188,421)
Cash flows from financing activities:      
Repayment of capital lease obligation 0 0 (50,289)
Other financing activities 425,001 984,604 10,775,007
Proceeds from issuance of preferred stock 0 0 18,389,500
Net proceeds from issuance of common stock 0 0 51,932,037
Net cash provided by financing activities 425,001 984,604 81,046,255
Net increase (decrease) in cash (481) (182,994) 1,142
Cash, beginning of period 1,623 189,135  
Cash, end of period $ 1,142 $ 6,141 $ 1,142