v3.7.0.1
Statements of Cash Flows For the Years Ended December 31, 2013 and 2012 - USD ($)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
NET LOSS $ (4,393,183) $ (1,155,807)
Adjustments to reconcile net (loss) to net cash (used) by operating activities:    
Officer compensation contributed 0 36,783
Non cash compensation 266,667 25,000
Loss on debt extinguishment 0 65,207
Depreciation 0 51
Loss on sale of securities [1] 283,266 241,141
Impairment loss 3,630,000 0
Changes in operating assets and liabilities    
Decrease in accounts receivable 0 6,744
Increase (decrease) in accounts payable 3,430 (35,036)
Increase in accounts payable - related party 19,796 9,910
Increase (decrease) in accrued interest - related parties 26,580 (14,206)
Net cash flows (used by) operating activities (163,444) (820,213)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of marketable securities 93,841 293,156
Net cash flows provided by investing activities 93,841 293,156
CASH FLOWS FROM FINANCING ACTIVITIES    
Stock issued for cash 0 66,162
Proceeds from notes payable - related party 65,000 0
Note payable issued in lieu of severance Pay 0 350,000
Net cash flows provided by financing activities 65,000 416,162
NET CHANGE IN CASH (4,603) (110,895)
CASH - BEGINNING OF PERIOD 7,940 118,835
CASH - END OF PERIOD 3,337 7,940
SUPPLEMENTAL CASH FLOW INFORMATION    
Preferred and common stock issued for debt 0 83,838
Note payable issued in lieu of severance pay 266,667 0
Cash paid for Interest 0 0
Cash paid for Income taxes $ 0 $ 0
[1] Marketable securities.