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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
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3 Months Ended | 9 Months Ended | ||
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Sep. 30, 2012
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Sep. 30, 2011
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Sep. 30, 2012
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Sep. 30, 2011
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| Income Statement [Abstract] | ||||
| REVENUES | $ 154,384 | $ 3,104 | $ 519,591 | $ 3,104 |
| OPERATING EXPENSES | ||||
| Professional fees | 1,296,105 | 43,294 | 3,329,505 | 62,422 |
| Executive compensation | 1,141,576 | 127,500 | 1,141,576 | |
| General and administrative | 120,593 | 4,568,268 | 418,151 | 4,591,474 |
| Impairment of goodwill | 2,350,800 | 3,981,508 | 2,350,800 | |
| Total Operating Expenses | 1,416,698 | 8,103,938 | 7,856,664 | 8,146,272 |
| LOSS FROM OPERATIONS | (1,262,314) | (8,100,834) | (7,337,073) | (8,143,168) |
| OTHER EXPENSES | ||||
| Financing costs and debt discount amortization | (320,983) | (500) | (478,837) | (746) |
| Gain on derivative liability | 185,118 | 185,118 | ||
| Total Other Expenses, net | (135,865) | (500) | (293,719) | (746) |
| LOSS BEFORE INCOME TAXES | (1,398,719) | (7,630,792) | (7,630,792) | (8,143,914) |
| PROVISION FOR INCOME TAXES | ||||
| NET LOSS BEFORE DISCONTINUED OPERATIONS | (1,398,719) | (8,101,334) | (7,630,792) | (8,143,914) |
| Loss from discontinued operations | (150,681) | (591,236) | ||
| Loss on disposal of subsidiary | (558,287) | (558,287) | ||
| Loss from Discontinued Operations, net of income taxes | (708,968) | (1,149,523) | ||
| NET LOSS | $ (2,107,147) | $ (8,101,334) | $ (8,780,315) | $ (8,143,914) |
| BASIC AND DILUTED LOSS PER SHARE BEFORE DISCONTINUED OPERATIONS | $ (0.02) | $ (0.22) | $ (0.13) | $ (0.24) |
| BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING | (0.01) | (0.02) | ||
| BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING | 62,441,151 | 37,557,473 | 57,152,841 | 34,566,071 |
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Custom Element No definition available.
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Custom Element. No definition available.
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Custom Element No definition available.
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- Definition
Custom Element No definition available.
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- Definition
Amount of noncash expense included in interest expense to allocate debt discount and premium, and the costs to issue debt and obtain financing over the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total loss recognized during the period from the impairment of goodwill plus the loss recognized in the period resulting from the impairment of the carrying amount of intangible assets, other than goodwill. No definition available.
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the overall income (loss) from a disposal group that is classified as a component of the entity, net of income tax, reported as a separate component of income before extraordinary items, which is apportioned to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This item includes the following (net of tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of income (loss) from a disposal group, net of income tax, reported as a separate component of income before extraordinary items after deduction or consideration of the amount allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Details
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- Definition
A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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