v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
 6 Months Ended 164 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
OPERATING ACIVITIES      
Net loss $ (3,888,374) $ (3,327,728) $ (41,420,439)
Depreciation     52,694
Loss on disposal of equipment     36,623
Stock-based compensation-development costs 1,749   530,367
Stock-based compensation-interest expenses 2,616,602 1,973,467 10,569,679
Stock-based compensation- selling, general and administration 13,992 209,888 3,237,808
Stock-based compensation-professional 20,989   65,804
Other non-cash items included in net loss     294,020
Unpaid interest expense on line of credit 178,033 46,151 437,192
Non-cash imputed interest expenses 3,131,674 2,400,713 21,442,501
Equity instruments issued to settle liabilities     1,871,718
Increase in prepaid expenses (7,233) (304,287) (2,124)
Increase (decrease) in accounts payable and accrued liabilities (54,360) (5,535) 1,317,365
Increase (decrease) in advances payable 5,000 (1,108) 3,151,985
Increase in interest payable 246,285 252,783 3,979,555
Net cash used in operating activities (784,157) (1,064,541) (12,796,762)
INVESTING ACTIVITIES      
Purchase of equipment     (43,078)
Net cash used in investing activities     (43,078)
FINANCING ACTIVITIES      
Other financing activities     (115,472)
Expenditures to repurchase shares     (342,038)
Proceeds from issuance of shares     1,512,403
Repayment of promissory notes payable     (970,879)
Proceeds from borrowings on line of credit and bank loans 778,192 1,067,655 3,342,187
Proceeds from issuance of promissory notes payable     9,418,676
Net cash provided by financing activities 778,192 1,067,655 12,844,877
Net increase (decrease) in cash (5,965) 3,114 5,037
Cash, beginning of period 11,002 1,829  
Cash, end of period 5,037 4,943 5,037
Shares issued to settle liabilities     6,807,473
Cash paid for interest expenses   5,857 1,223,335
Interest expense incurred in connection with options granted in exchange for increase in borrowing limit on line of credit financing   1,493,702 1,493,702
Interest expense incurred in connection with options granted as compensation for receiving line of credit financing 1,364,216 479,765 2,278,707
Interest expense incurred on vesting of unvested options pursuant to amendment to agreement with lender of line of credit $ 1,252,386   $ 1,252,386