v2.4.0.8
Consolidated Statements of Cash Flows-Restated (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) $ (1,720,306) $ (898,471)
Adjustments to reconcile net income to net cash Provided by operating activities:    
Loss on disposal of assets    3,888
Loss (gain) on Beneficial Conversion 47,050 (34,648)
Loss on conversion 44,871   
Bad Debt 265,450   
Stock issued for services & accrued expenses 1,225,000 172,000
Stock issued for loan fee    12,000
Stock issued for accrued wages    600,000
Loan fee for convertible debt    73,880
Cancellation of indebtedness    60,420
Cancellation of stock subscription    40,000
Shares issued for other expenses 7,555   
Issuance of stock options    126,590
Depreciation and amortization 41,113 74,833
Decrease (increase) in assets    
Prepaid expenses and other current assets 12,460 20,070
Accrued interest receivable - related party    (7,520)
Net assets for disposal      
Increase (decrease) in liabilities    
Accounts payable 11,115 (6,357)
Accrued expenses (38,859) (443,198)
Accrued interest payable 23,936 4,813
Accrued interest payable - related party    (30,772)
Cash overdraft    (93)
Beneficial conversion    51,561
Net cash flows provided (used) by operating activities (80,615) (181,004)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in notes receivable - related party      
Sale of mineral rights    7,926
Investment in royalty interest 3,525 (30,269)
Net cash flows provided (used) by investing activities 3,525 (77,343)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Note payable 30,000   
Convertible notes payable    88,000
Related Party Advances 40,000   
Exercise of stock options    172,965
Payment on stock subscription receivable    5,000
Net cash flows provided (used) by financing activities 70,000 265,965
NET (DECREASE) IN CASH (7,090) 7,618
CASH, BEGINNING OF PERIOD 7,618   
CASH, END OF PERIOD 528 7,618
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the period for interest      
SUPPLEMENTAL DISCLOSURE OF NONCASH TRANSACTIONS:    
Shares issued for accrued wages    600,000
Shares issued for debt   600,000
Shares issued for consulting fees    172,000
Shares issued for services & accrued expenses 1,225,000   
Shares issued for loan extension    12,000
Loan fee for convertible debt    73,880
Cancellation of indebtedness    60,420
Issuance of stock options    $ 126,590