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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended 149 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss $ (2,028,941) $ (3,532,623) $ (43,722,216)
Adjustments to reconcile net loss to net cash from operating activities:      
Depreciation     213,228
Non-cash loss on debt financing   1,519,175 1,268,713
Changes in fair value of derivative liabilities (668,710) (3,406,430) (4,075,140)
Loss (gain) on settlement of debt (317,801) (53,589) 11,631,582
Gain on extinguishment of derivative liabilities - warrants (290,500)   (290,500)
Loss on disposal of assets     5,399
Non-cash interest and financing charges 679,332 1,241,078 5,468,499
Stock based compensation 1,261,983 2,146,293 10,675,392
Changes in operating assets and liabilities:      
Due from government agency (13) (31) (1,077)
Prepaid expenses and receivables (55,927) (30,700) (80,627)
Deferred financing costs 58,843 (65,885) (7,042)
Accounts payable and accrued liabilities (66,124) 1,161,586 3,581,476
Research agreement obligations 117,991 96,085 477,883
NET CASH USED IN OPERATING ACTIVITIES (1,309,867) (925,041) (14,854,430)
CASH FLOWS FROM FINANCING ACTIVITIES      
Issuance of shares, net 683,450   10,305,575
Convertible notes, net 724,535 138,921 1,521,906
Proceeds from loans payable   425,000 425,000
Notes and loans payable     919,845
Advances from related parties (11,400) 243,205 1,587,591
Stock subscriptions 140,000   140,000
NET CASH PROVIDED BY FINANCING ACTIVITIES 1,536,585 807,126 14,899,917
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
INCREASE (DECREASE) IN CASH 226,718 (117,915) 250,234
CASH, BEGINNING OF YEAR 23,516 141,431  
CASH, END OF YEAR $ 250,234 $ 23,516 $ 250,234