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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended 149 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
EXPENSES      
Consulting $ 179,250 $ 88,231 $ 2,038,687
Depreciation     213,227
General and administrative 305,714 203,066 2,917,236
Interest and financing charges (Note 4) 679,332 1,241,078 5,831,013
Management fees (Note 8) 248,400 329,177 2,772,054
Professional fees 437,785 1,174,338 4,926,572
Research and development (Note 8) 203,725 290,048 5,911,165
Stock-based compensation 1,261,983 2,146,293 10,675,392
Costs and Expenses 3,316,189 5,472,231 35,269,096
NET LOSS BEFORE OTHER ITEMS (3,316,189) (5,472,231) (35,269,096)
OTHER ITEMS      
Foreign exchange (loss) gain 10,237 (1,236) 53,590
Changes in fair value of derivative liabilities (Note 4) 668,710 3,406,430 4,075,140
Loss on debt financing (Note 5)   (1,519,175) (1,268,713)
Gain (loss) on settlement of debt (Note 8) 317,801 53,589 (11,631,582)
Gain on extinguishment of derivative liabilities - warrants (Note 5) 290,500   290,500
Interest income     33,344
Loss on disposal of assets     (5,399)
NET LOSS (2,028,941) (3,532,623) (43,722,216)
BASIC AND DILUTED NET LOSS PER SHARE $ (0.04) $ (0.09)  
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED 45,994,617 39,803,173  
Consulting fees
     
EXPENSES      
Stock-based compensation 872,159 1,058,377 5,722,353
Management fees
     
EXPENSES      
Stock-based compensation 389,824 1,087,916 4,324,789
Research and development
     
EXPENSES      
Stock-based compensation     $ 612,000