XML 71 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (USD $)
Total
Second Quarter
Third Quarter
Fourth Quarter
First Quarter
April Two Thousand Twelve
June Two Thousand Twelve
Common Stock
Common Stock
Second Quarter
Common Stock
Third Quarter
Common Stock
Fourth Quarter
Common Stock
First Quarter
Common Stock
April Two Thousand Twelve
Common Stock
June Two Thousand Twelve
Retained Earnings
Class A Preferred Stock
Balances at Dec. 31, 2010 $ (1,832,847)             $ 13,611,903             $ (15,444,750)  
Balances at Dec. 31, 2010               4,972,635                
Issuance of common stock for Board of Director's fees:                                
Issuance of common stock for Board of Director's fees               72,841                
Issuance of common stock for Board of Director's fees 128,000             128,000                
Issuance of common stock for services:                                
Settlement of liabilities to unrelated parties at $0.68 per share 481,251             481,251                
Settlement of liabilities to unrelated parties at $0.68 per share (in shares)               770,000                
Settlement of liabilities to related parties at $0.88 per share 675,000             675,000                
Settlement of liabilities to related parties at $0.88 per share (in shares)               770,000                
Consulting related to property acquisition at $6.10 per share 457,500             457,500                
Consulting related to property acquisition at $6.10 per share (in shares)               75,000                
Services related to financing transaction at $4.00 per share 12,000             12,000                
Services related to financing transaction at $4.00 per share (in shares)               3,000                
Issuance of common stock for Board of Director's fees Shares               72,841                
Issuance of common stock in exchange for notes payable to:                                
Officers and directors at $8.00 per share 500,000             500,000                
Officers and directors at $8.00 per share (in shares)               62,500                
Others at $1.00 per share 835,000             835,000                
Others at $1.00 per share (in shares) 835,000             835,000                
Issuance of common stock for cash of $1.00 per share 203,500             203,500                
Issuance of common stock for cash of $1.00 per share (in shares)               203,500                
Issuance of Class A (Series 1) preferred stock for cash:                                
Director for $10,000 per share 1,000,000                             1,000,000
Director for $10,000 per share (in shares)                               100.0
Others at $10,000 per share 4,225,000                             4,225,000
Others at $10,000 per share (in shares)                               422.5
Offering costs related to issuance of preferred stock (201,629)                             (201,629)
Net income 495,266                           495,266  
Balances at Dec. 31, 2011 6,978,041             16,904,154             (14,949,484) 5,023,371
Balances (in shares) at Dec. 31, 2011               7,764,476.0               522.5
Issuance of common stock for Board of Director's fees:                                
Issuance of common stock for Board of Director's fees                 5,769 10,000 22,058 27,778        
Issuance of common stock for Board of Director's fees   30,000 30,000 30,000 30,000       30,000 30,000 30,000 30,000        
Issuance of common stock in exchange for consulting services provided by related parties:                                
Issuance of common stock in exchange for consulting services provided by related parties (in shares)                         50,970 85,000    
Issuance of common stock in exchange for consulting services provided by related parties           60,000 50,000           60,000 50,000    
Issuance of common stock for services:                                
Issuance of common stock for Board of Director's fees Shares                 5,769 10,000 22,058 27,778        
Issuance of common stock to unrelated parties:                                
Valued at $1.35 per share for accrued interest 10,463             10,463                
Valued at $1.35 per share for accrued interest (in shares)               7,750                
Valued at $1.08 per share for consulting services 6,480             6,480                
Valued at $1.08 per share for consulting services (in shares)               6,000                
Issuance of Class A (Series 1) preferred stock for cash:                                
Offering costs related to issuance of preferred stock (36,045)                             (36,045)
Preferred stock dividends declared and paid (783,750)                           (783,750)  
Net income (494,055)                           (494,055)  
Balances at Dec. 31, 2012 $ 5,911,134             $ 17,151,097             $ (16,227,289) $ 4,987,326
Balances (in shares) at Dec. 31, 2012               7,979,801.0               522.5