v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
 9 Months Ended 167 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
OPERATING ACIVITIES      
Net loss $ (4,681,206) $ (4,368,929) $ (42,213,271)
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 2,111,645 10,569,679
Stock-based compensation- selling, general and administration 46,591 230,877 3,270,407
Stock-based compensation-professional 20,989   65,804
Other non-cash items included in net loss   43,786 304,226
Unpaid interest expense on line of credit 286,738   535,691
Non-cash imputed interest expenses 3,403,966 2,776,138 21,714,793
Increase in prepaid expenses (32,269)   (35,884)
Increase (decrease) in accounts payable and accrued liabilities 49,662 (8,285) 1,430,114
Increase (decrease) in advances payable 5,000 (3,892) 3,151,985
Increase in interest payable 372,680 379,176 4,105,950
Net cash used in operating activities (1,189,297) (1,476,423) (15,073,620)
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 1,191,069 1,485,745 3,755,064
Proceeds from issuance of promissory notes payable     11,290,394
Net cash provided by financing activities 1,191,069 1,485,745 15,129,472
Net increase (decrease) in cash 1,772 9,322 12,774
Cash, beginning of period 11,002 1,829  
Cash, end of period 12,774 11,151 12,774
Cash paid for interest expenses     1,599,792
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 in exchange for receiving line of credit financing 2,616,601 914,491 9,075,977
Options exercised for reduction in advances payable   45,000 45,000
Accrued interest payable extinguished through the issuance of shares 860,245   860,245
Accrued interest on line of credit extinguished through the issuance of shares $ 139,755   $ 139,755