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Statements of Cash Flows (USD $)
3 Months Ended 89 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (1,803,955) $ (1,139,976) $ (31,228,071)
Adjustments to reconcile net loss to net cash used in operating activities      
Preferred shares issued for license   0 7,000
Preferred shares issued as compensation   0 2,203,197
Common shares and warrants issued for services 18,000 18,000 3,415,367
Warrants granted to scientific advisory board 40,800 56,400 1,106,038
Amortization of deferred compensation   0 121,424
Depreciation 52,719 52,719 878,594
Amortization 2,193 2,194 35,339
Change in fair value of derivative liability 246,273 (8,452) 287,810
Amortization of deferred financing expenses   0 51,175
Discount convertible debentures   0 73,930
Beneficial conversion feature of convertible debentures 0 0 713,079
Changes in operating assets and liabilities:      
Prepaid expenses (124,167) 10,408 (430,341)
Other current assets 0 0 (8,001)
Deferred expenses 0 0 (2,175)
Accounts payable - trade 146,008 18,255 728,746
Accounts payable - related parties 75,430 247,433 441,111
Accrued expenses 1,379 66,746 98,257
NET CASH USED IN OPERATING ACTIVITIES (1,345,320) (676,273) (21,507,521)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment 0 (23,352) (1,440,717)
Purchase of trademark 0 (5,733) (458,955)
NET CASH USED IN INVESTING ACTIVITIES 0 (29,085) (1,899,672)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of common stock and warrants in connection with private placements of common stock, net of issuance costs 0 0 11,296,748
Proceeds from exercise of stock options 0 0 90,000
Proceeds from exercise of warrants 0 0 3,162,590
Collection of stock subscriptions received 0 0 20
NET CASH PROVIDED BY FINANCING ACTIVITIES 0 2,360,654 36,336,858
NET CHANGE IN CASH (1,345,320) 1,655,296 12,929,665
Cash at beginning of period 14,274,985 9,224,023 0
Cash at end of period 12,929,665 10,879,319 12,929,665
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:      
Interest paid 0 0 0
Income tax paid 0 0 0
Series B Convertible Preferred Stock [Member]
     
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of Convertible Preferred stock, net 0 2,360,654 19,462,500
Series C Convertible Preferred Stock [Member]
     
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of Convertible Preferred stock, net $ 0 $ 0 $ 2,325,000