v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended 176 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
OPERATING ACTIVITIES      
Net loss $ (1,571,231) $ (3,888,374) $ (47,431,958)
Depreciation     52,694
Loss on write-off of equipment     36,623
Stock-based compensation-product development costs 2,998 1,749 682,042
Stock-based compensation-interest expenses   2,616,602 13,330,984
Stock-based compensation-selling, general and administration 57,963 13,992 3,351,108
Stock-based compensation-professional fees 111,928 20,989 156,743
Other non-cash items included in net loss     294,020
Non-cash imputed interest expenses 87,904 83,163 3,254,980
Unpaid Interest expense on line of credit 265,777 178,033 888,062
Equity instruments issued to settle liabilities     1,871,718
Changes in operating assets and liabilities:      
(Increase) decrease in prepaid expenses 12,058 (7,233) (4,771)
Increase (decrease) in accounts payable and accrued liabilities 80,064 (54,363) 1,586,002
Increase in interest payable 252,910 246,285 4,528,826
Income tax receivable     8,727
Net cash used in operating activities (699,629) (789,157) (17,394,199)
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
Increase in advances payable 10,000 5,000 3,162,071
Repayment of promissory notes payable     (970,879)
Proceeds from borrowings on line of credit 709,640 778,192 4,803,609
Proceeds from issuance of promissory notes     9,418,676
Net cash provided by financing activities 719,640 783,192 17,468,370
Change in cash 20,011 (5,965) 31,093
Cash, beginning of period 11,082 11,002  
Cash, end of period 31,093 5,037 31,093
Shares issued to settle liabilities 30,000   6,837,473
Cash paid for interest     $ 1,223,335