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2. Going Concern
6 Months Ended
Jun. 30, 2011
Going Concern Note
2. 
Going concern

The Company has suffered losses from operations and without additional capital, currently lacks liquidity to meet its current obligations.  The Company had a net loss for 2010 of $8,409,605 and a net loss of $2,145,562 for the three months ended June 30, 2011.  As of June 30, 2011, the Company had working capital of $3,784,718 and cumulative losses of $30,341,462.  Unless additional financing is obtained, the Company may not be able to continue as a going concern.  During 2010, the Company raised $2,935,720 in capital through the issuance of $2,310,000 of common stock and $625,720 of preferred stock.  The Company raised $9,406,051 in capital through issuance of preferred stock and $2,545,000 through the issuance of common stock during the six months ended June 30, 2011.  Although there can be no assurances, the Company believes this financing coupled with future positive cash flow from operations may result in the future removal of the going concern qualification of the audit opinion similar to the one rendered by our independent auditors for the fiscal year ended December 31, 2010.

The financial statements were prepared on a going concern basis which contemplates the realization of assets and the settlement of liabilities in the normal course of business.  The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result if the Company be unable to continue as a going concern.