XML 81 R15.htm IDEA: XBRL DOCUMENT
v2.4.0.6

RESTATEMENT | 6 Months Ended
--- | ---
Jun. 30, 2012
RESTATEMENT |
RESTATEMENT | NOTE 10 – RESTATEMENT The Company has restated its financial statements for period ended June 30, 2011. The significant changes made are further described and summarized below. The Company had not previously recorded the derivative liabilities associated with convertible debt, debentures, and warrants issued in the second quarter of 2011. The Company has restated its financial statements for the period ended June 30, 2011 to record these corrections. The following tables highlight the significant areas of change:
|  | Three Months Ended June 30, 2011 |
|  | As Previously |  |  |  |  |  |  |
|  | Reported |  |  | Restated |  |  |  |
|  | June 30,2011 |  |  | 30-Jun-11 |  |  | Change |
Total Assets |  | $ | 9,276,182 |  |  | $ | 9,276,182 |  |  | $ | - |
Total Liabilities |  | $ | (3,876,275 | ) |  | $ | (9,773,989 | ) |  | $ | (5,897,714 | )
Stockholders' Equity |  | $ | (5,399,907 | ) |  | $ | (497,807 | ) |  | $ | 4,902,100 |
Net Income (Loss) |  | $ | (3,198,781 | ) |  | $ | (3,921,365 | ) |  | $ | (722,584 | )
Income (Loss) available to common stockholders |  | $ | (3,198,781 | ) |  | $ | (3,921,365 | ) |  | $ | (722,584 | )
Basic Loss per Share |  | $ | (0.06 | ) |  | $ | (0.07 | ) |  | $ | (0.01 | )
|  | Six Months Ended June 30, 2011 |
|  | As Previously |  |  |  |  |  |  |
|  | Reported |  |  | Restated |  |  |  |
|  | June 30,2011 |  |  | 30-Jun-11 |  |  | Change |
Total Assets |  | $ | 9,276,182 |  |  | $ | 9,276,182 |  |  | $ | - |
Total Liabilities |  | $ | (3,876,275 | ) |  | $ | (9,773,989 | ) |  | $ | (5,897,714 | )
Stockholders' Equity |  | $ | (5,399,907 | ) |  | $ | 497,807 |  |  | $ | 5,897,714 |
Net Income (Loss) |  | $ | (5,942,888 | ) |  | $ | (6,665,472 | ) |  | $ | (722,584 | )
Income (Loss) available to common stockholders |  | $ | (5,942,888 | ) |  | $ | (6,665,472 | ) |  | $ | (722,584 | )
Basic Loss per Share |  | $ | (0.12 | ) |  | $ | (0.13 | ) |  | $ | (0.01 | )

X
- Details
Name: | us-gaap_AccountingChangesAndErrorCorrectionsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting accounting changes and error corrections. It includes the conveyance of information necessary for a user of the Company's financial information to understand all aspects and required disclosure information concerning all changes and error corrections reported in the Company's financial statements for the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 1.N.Q3) -URI http://asc.fasb.org/extlink&oid=6369664&loc=d3e30840-122693 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 45 -Paragraph 23 -URI http://asc.fasb.org/extlink&oid=6368906&loc=d3e21914-107793 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 154 -Paragraph 17, 22, 25, 26 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22499-107794 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 1 -Section N Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22595-107794 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22644-107794 + Details
Name: | us-gaap_AccountingChangesAndErrorCorrectionsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration