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Statements of Operations (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | 170 Months Ended
--- | --- | --- | ---
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013
Expenses |  |  |  |  |
Consulting fees | $ 51,000 | $ 57,260 | $ 117,367 | $ 119,790 | $ 2,338,867
Consulting fees – stock-based (Note 9) | 6,679 | 109,728 | 90,447 | 2,283,561 | 8,128,819
Depreciation |  |  |  |  | 213,227
General and administrative | 70,466 | 268,286 | 365,898 | 880,353 | 4,295,250
Interest and finance charges (Note 4) | 22,957 | 214,811 | 139,840 | 411,783 | 6,715,927
Management fees (Note 8) | 58,500 | 22,500 | 175,500 | 125,100 | 3,249,803
Management fees–stock-based (Notes 8 and 9) | 3,749 | 31,334 | 31,238 | 146,960 | 4,480,236
Professional fees | 69,938 | 21,757 | 455,226 | 208,866 | 5,871,335
Research and development (Note 8) | 30,000 | 71,061 | 218,778 | 432,289 | 7,187,373
Research and development – stock-based |  |  |  |  | 612,000
Net Expenses | 313,289 | 796,737 | 1,594,294 | 4,608,702 | 43,092,837
Net Loss Before Other Items | (313,289) | (796,737) | (1,594,294) | (4,608,702) | (43,092,837)
Other Items |  |  |  |  |
Foreign exchange (loss) gain |  | (7,193) | 5,896 | 2,304 | 51,583
Changes in fair value of derivative liabilities (Note 4) | 266,077 | 121,385 | 2,144,566 | 544,576 | 6,448,958
Accretion of interest on convertible debt | (646,765) |  | (934,261) |  | (934,261)
Loss on debt financing | (104,000) | (85,550) | (200,000) | (85,550) | (1,573,263)
Gain (loss) on settlement of debt (Note 9) | (168,392) |  | (1,478,792) | 28,688 | (13,169,593)
Gain on extinguishment of derivative liabilities - warrants (Note 4) |  |  |  |  | 290,500
Interest income |  |  |  |  | 33,344
Loss on disposal of assets |  |  |  |  | (5,399)
Net Loss for the Period | (966,369) | (768,095) | (2,056,885) | (4,118,684) | (51,950,968)
Basic and Diluted Net Loss per Share | $ (0.01) | $ (0.01) | $ (0.02) | $ (0.07) |
Weighted Average Number of Common Shares Outstanding | $ 126,618,840 | $ 73,128,058 | $ 102,635,443 | $ 62,560,295 |

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