v2.4.0.6
CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) (USD $)
Common Shares
Additional Paid-In Capital
Accumulated Deficit
Total
Beginning balance, amount at Oct. 15, 2009            
Beginning balance, shares at Oct. 15, 2009         
Initial founder's shares, shares 7,600,000      
Intial founder's shares, amount 15,200 (15,200)      
Common shares issued for services, shares 309,375      
Common shares issued for services, amount 619 308,756    309,375
Share-based compensation         
Beneficial conversion feature on note payable         
Settlement of derivative liability         
Net loss     (917,825) (917,825)
Ending balance, amount at Mar. 31, 2010 15,819 [1] 293,556 [1] (917,825) (608,450)
Ending balance, shares at Mar. 31, 2010 [1] 7,909,375      
Reverse recapitalization transaction, shares 143,375      
Reverse recapitalization transaction, amount 286 (320,286)    (320,000)
Common shares issued for services, shares 122,813      
Common shares issued for services, amount 246 365,254    365,500
Common stock issued towards settlement of notes payable, shares 515,367      
Common stock issued towards settlement of notes payable, amount 1,031 686,469    687,500
Common stock issued in Private Placement, net of offering costs, shares 2,237,500      
Common stock issued in Private Placement, net of offering costs, amount 4,475 4,081,088    4,085,563
Warrants issued in Unit offering    (2,182,732)    (2,182,732)
Share-based compensation    560,880    560,880
Beneficial conversion feature on note payable    107,000    107,000
Settlement of derivative liability         
Retirement of common shares, shares (42,056)      
Retirement of common shares, value (84) (151,316)    (151,400)
Net loss       (6,979,498) (6,979,498)
Ending balance, amount at Mar. 31, 2011 1,089 [1] 3,460,597 [1] (7,897,323) (4,435,637)
Ending balance, shares at Mar. 31, 2011 [1] 10,886,374      
Common shares issued for services, shares 16,849      
Common shares issued for services, amount 2 183,998    184,000
Warrants issued for services    135,207    135,207
Common stock issued in Private Placement, net of offering costs, shares 292,500      
Common stock issued in Private Placement, net of offering costs, amount 29 914,071    914,100
Common shares issued in Unit offering net of Offering costs of $1,605,747, shares 15,625,945      
Common shares issued in Unit offering net of Offering costs of $1,605,747, amount 1,563 10,892,690    10,894,253
Placement Agent consideration For Unit offering, shares 100,000      
Placement Agent consideration For Unit offering, amount 10 (10)      
Common shares issued on conversion of notes payable in Unit offering, shares 4,041,563      
Common shares issued on conversion of notes payable in Unit offering, amount 404 4,980,359    4,980,763
Warrants issued in Unit offering   (26,282,119) (1,365,306) (27,647,425)
Common shares issued on conversion of related party note payable, shares 133,750      
Common shares issued on conversion of related party note payable, amount 13 106,987    107,000
Share-based compensation   283,199    283,199
Cashless exercise of Placement Agent warrants, shares 331,303      
Cashless exercise of Placement Agent warrants, amount 33 3,594,402    3,594,435
Shares issued under repricing agreement, shares 292,500      
Shares issued under repricing agreement, amount 29 (29)      
Warrants issued on deposit of Asset acquisition   162,192    162,192
Common shares issued on deposit of assets acquisition, shares 250,000      
Common shares issued on deposit of assets acquisition, amount 25 499,975    500,000
Warrants issued with convertible note   811,447    811,447
Beneficial conversion feature on note payable   243,711    243,711
Settlement of derivative liability   13,323    13,323
Net loss     (10,201,446) (10,201,446)
Ending balance, amount at Dec. 31, 2011 $ 3,197    $ (19,464,075) $ (19,460,878)
Ending balance, shares at Dec. 31, 2011 31,970,784      
[1] Adjustment gives effect to a 30-for-1 forward stock split effective March 17, 2010 and a 1-for-20 reverse stock split effective October 27, 2011.