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Condensed Consolidated Statements of Operations (USD $)
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3 Months Ended | 6 Months Ended | 154 Months Ended | ||
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Mar. 31, 2011
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Mar. 31, 2010
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Jun. 30, 2011
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Jun. 30, 2010
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Jun. 30, 2011
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| Revenue | |||||
| Sales | $ 2,994,931 | ||||
| Cost of sales | 3,325,639 | ||||
| Gross Margin | (330,708) | ||||
| Operating Expenses | |||||
| Depreciation | 309 | 52,694 | |||
| Market development | 208,334 | 211,714 | 211,714 | ||
| General and administration | 353,561 | 100,675 | 469,887 | 167,342 | 11,675,683 |
| Product development | 84,196 | 51,500 | 143,896 | 98,000 | 3,229,153 |
| Professional fees | 19,108 | 38,054 | 101,518 | 57,074 | 1,842,326 |
| Rent | 495,696 | ||||
| Total Operating Expenses | 665,199 | 190,229 | 927,015 | 322,725 | 17,507,266 |
| Operating Loss | (665,199) | (190,229) | (927,015) | (322,725) | (17,837,974) |
| Other Expenses | |||||
| Interest | 696,759 | 181,533 | 2,400,713 | 766,179 | 17,399,242 |
| Loss on write-off equipment | 4,066 | 4,066 | 36,623 | ||
| Other items | 309,286 | ||||
| Total Other Expenses | 696,759 | 185,599 | 2,400,713 | 770,245 | 17,745,151 |
| Net Loss | $ (1,361,958) | $ (375,828) | $ (3,327,728) | $ (1,092,970) | $ (35,583,125) |
| Net loss per share, basic and diluted (in Dollars per share) | $ (0.01) | $ (0.02) | $ (0.01) | ||
| Weighted average shares outstanding, - basic and diluted (in Shares) | 213,977,909 | 211,527,909 | 213,670,923 | 211,527,909 | |
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- Details
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- Definition
Business development involves the development of products and services, their delivery, design and their implementation. Business development includes a number of techniques designed to grow an economic enterprise. Such techniques include, but are not limited to, assessments of marketing opportunities and target markets, intelligence gathering on customers and competitors, generating leads for possible sales, follow-up sales activity, formal proposal writing and business model design. Business development involves evaluating a business and then realizing its full potential, using such tools as marketing, sales, information management and customer service. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. 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
Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net result for the period of deducting operating expenses from operating revenues.
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- Definition
This element represents a sum total of expenses not separately reflected on the income statement for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of general expenses not normally included in Other Operating Costs and Expenses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total amount of expenses directly related to the marketing or selling of products or services.
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The charge against earnings that represents the reduction of the currently-stated financial value of inventory items based on a determination that future worth is less than the acquisition cost due to obsolescence or market changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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