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STATEMENT OF OPERATIONS (USD $)
3 Months Ended 271 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Revenue $ 0 $ 0 $ 0
General & administrative 1,634,051 2,610,324 71,282,271
FAA certification costs 87,140 100,882 2,611,287
Training 0 0 225,637
Depreciation 5,000 2,500 361,089
Other 0 0 568,245
Interest expense (income) 57,436 57,945 1,368,655
Loss on sale of assets 1,607,183 0 1,607,183
Total costs & expenses 3,390,810 2,771,651 78,024,367
Loss before income taxes (3,390,810) (2,771,651) (78,024,367)
Income taxes 0 0 14,881
Deficit Accumulated During Development Stage $ (3,390,810) $ (2,771,651) $ (78,039,248)
Weighted Average Shares Outstanding (in Shares) 1,739,000,707 1,150,504,772