XML 40 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended 122 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2014
Operating expenses          
General and administrative $ 903,015 $ 126,551 $ 1,207,443 $ 415,415 $ 18,406,207
Research and development 118,152 560 123,332 127,563 12,946,128
Total operating expenses (1,021,167) (127,111) (1,330,775) (542,978) (31,352,335)
Other income (expenses)          
Interest and finance expenses, net (5,079) (16,558) (8,366) (26,783) (685,728)
Accretion of debt discounts (1,011) 0 (1,011) 0 (2,175,672)
Change in fair value of derivative financial instruments 0 0 683,000 0 234,726
Debt conversion expense 0 0 0 0 (504,160)
Loss on settlement of accounts payable 0 0 0 0 (1,754,933)
Loss on extinguishment of debt 0 0 0 0 (5,010,868)
Foreign exchange gain (loss) 8,397 37,569 (3,071) 10,144 (65,421)
Total other income (expenses), net 2,307 21,011 670,552 (16,639) (9,962,056)
Net loss and comprehensive loss for the period $ (1,018,860) $ (106,100) $ (660,223) $ (559,617) $ (41,314,391)
Loss per share          
Basic $ (0.03) $ 0.00 $ (0.02) $ (0.02)  
Diluted $ (0.03) $ 0.00 $ (0.04) $ (0.02)  
Weighted average number of shares outstanding          
Basic 37,881,209 30,240,687 37,680,823 30,240,687   
Diluted 37,881,209 30,240,687 37,680,823 30,240,687