XML 38 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 1,920 $ 411,656
Note and short term receivables, net of allowance for credit losses of $0 and $100,000 as of September 30, 2012 and December 31, 2011 631,198 1,319,900
Accounts receivable and prepaid expenses 23,405 10,655
Total current assets 656,523 1,742,211
Property and equipment, net 9,798 13,944
Other assets 31,328 17,560
Total assets 697,649 1,773,715
Current liabilities:    
Accounts payable and accrued expenses 110,829 501,016
Notes payable and accrued interest 573,666 1,142,492
Total current liabilities 684,495 1,643,508
Total liabilities 684,495 1,643,508
Contingencies      
Stockholders' equity:    
Common stock - $0.00001 par value, 400,000,000 shares authorized; 34,248,585 issued and outstanding as of September 30, 2012 and December 31, 2011 343 343
Treasury stock, at cost; 38,000 shares as of September 30, 2012 and December 31, 2011 (11,059) (11,059)
Additional paid-in capital 1,594,673 1,372,333
Accumulated deficit (1,570,803) (1,231,410)
Total stockholders' equity 13,154 130,207
Total liabilities and stockholders' equity 697,649 1,773,715
Series B Preferred stock
   
Stockholders' equity:    
Preferred Stock, Value      
Series C Preferred Stock
   
Stockholders' equity:    
Preferred Stock, Value