XML 34 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenue        
Sales $ 0 $ 0 $ 0 $ 0
Cost of sales 0 0 0 0
Gross profit 0 0 0 0
Operational Expenses        
Selling, general and administrative expenses 159,433 453,278 333,737 870,516
Professional fees 38,959 250,856 100,713 479,730
Rent and repairs and maintenance 8,450 11,845 29,517 29,517
Depreciation 0 119,939 0 239,878
Total operating expenses 206,842 835,918 463,967 1,619,641
Operating loss (206,842) (835,918) (463,967) (1,619,641)
Other income (expense)        
Interest expense, net (165,404) (596,130) (345,894) (1,015,765.00)
Financial settlement expense (9,857) (10,981) (9,857) (54,181)
Write-off of other assets 0 0    
Gain from sale of equipment 0 55,500   55,500.00
Change in fair value of warrants (24,332) (364) (50,795) (9,232)
Gain from reversal of accruals 0 0 0 0
Gain from settlement of accounts payable 0 0 0 0
Gain from sale of Aultra investment 0 0 0 38,569
Realized (loss) gain on sale of securities 0 (28,001) (406,546) 0
Loss before income taxes (406,435) (1,415,894) (871,061) (2,604,750)
Provision for income taxes 0 0 0 0
Net loss $ (406,435) $ (1,415,894) $ (871,061) $ (1,803,297)
Basic and diluted loss per share $ 0.00 $ (0.01) $ 0.00 $ (0.01)
Weighted average shares outstanding 1,550,436,343,732 142,587,709 943,042,932 156,897,542