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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended148 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Cash Flows from Operating Activities   
Net loss$ (2,378,036)$ (3,987,640)$ (45,879,801)
Adjustments to reconcile net loss to net cash used in operating activities:   
Depreciation  213,228
Non-cash loss on debt financing 1,615,4251,644,750
Changes in fair value of derivative liabilities277,118(1,724,217)(1,409,118)
(Gain) loss on settlement of debt482,474(53,589)12,431,857
Gain on extinguishment of derivative liabilities - warrants(1,088,575) (1,088,575)
Loss on disposal of assets  5,399
Non-cash interest and financing charges558,577771,7995,349,644
Stock-based compensation1,052,5132,116,11810,608,281
Changes in operating assets and liabilities:   
Due from government agency (31)(1,064)
Prepaid expenses and receivables (30,700)(24,700)
Accounts payable and accrued liabilities85,019401,1313,300,619
Net Cash Used in Operating Activities(1,010,910)(891,704)(14,849,480)
Cash Flows from Investing Activities   
Purchase of furniture and equipment  (218,626)
Cash acquired on reverse acquisition  423,373
Net Cash Provided by Investing Activities  204,747
Cash Flows from Financing Activities   
Issuance of common stock, net194,750 9,816,875
Deferred financing costs54,97441,381(10,911)
Research agreement obligations79,207 439,099
Convertible notes724,535712,2541,521,906
Proceeds from loans payable  425,000
Notes and loans payable  919,845
Advances from (repayments to) related parties(31,300)141,3791,567,691
Net Cash Provided by Financing Activities1,022,166895,01414,679,505
Net (Decrease) Increase in Cash11,2563,31034,772
Cash, Beginning of Period23,516141,431 
Cash, End of Period$ 34,772$ 144,741$ 34,772