Statements of Operation and Other Comprehensive Income (Loss) For the Year Ended December 31, 2013 and 2012 - USD ($) |
12 Months Ended | |||
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Dec. 31, 2013 |
Dec. 31, 2012 |
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| Statement of Income | ||||
| REVENUES | $ 0 | $ 0 | ||
| OPERATING EXPENSES | ||||
| Other general and administrative | 102,337 | 148,946 | ||
| Wages | 351,000 | 695,883 | ||
| Total operating expenses | 453,337 | 844,829 | ||
| OPERATING (LOSS) | (453,337) | (844,829) | ||
| OTHER INCOME (EXPENSE) | ||||
| Impairment loss | (3,630,000) | 0 | ||
| Interest expense | (26,580) | (4,630) | ||
| Loss on debt extinguishment | 0 | (65,207) | ||
| Loss on sale of securities | [1] | (283,266) | (241,141) | |
| Total other income (expense) | (3,939,846) | (310,978) | ||
| Loss before income taxes | (4,393,183) | (1,155,807) | ||
| Income taxes | 0 | 0 | ||
| NET LOSS ON CONTINUING OPERATIONS | (4,393,183) | (1,155,807) | ||
| NET LOSS | $ (4,393,183) | $ (1,155,807) | ||
| Basic and diluted (loss) per share on continuing operations | $ (0.19) | $ (0.06) | ||
| Weighted average shares outstanding - basic and diluted | 23,366,328 | 19,616,651 | ||
| OTHER COMPREHENSIVE INCOME | ||||
| Unrealized gain on securities | $ 263,189 | $ 180,866 | ||
| NET COMPREHENSIVE INCOME (LOSS) | $ (4,129,994) | $ (974,941) | ||
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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- Definition The net gain (loss) realized from the sale, exchange, redemption, or retirement of securities, not separately or otherwise categorized as trading, available-for-sale, or held-to-maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of loss from the write-down of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of income (loss) from continuing operations attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of general and administrative expense classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Expenditures for salaries other than officers. Does not include allocated share-based compensation, pension and post-retirement benefit expense or other labor-related non-salary expense. For commercial and industrial companies, excludes any direct and overhead labor that is included in cost of goods sold. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The increase (decrease), resulting in a gain, in the difference between the fair value and the carrying value, or in the comparative fair values, of securities held at each balance sheet date, that was included in earnings for the period. No definition available.
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- Definition Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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