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Condensed Consolidated Statements of Operations (USD $)
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3 Months Ended | 6 Months Ended | 22 Months Ended | ||
|---|---|---|---|---|---|
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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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Jun. 30, 2010
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Jun. 30, 2011
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| Revenues | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |
| Operating expenses: | |||||
| Compensation | 322,899 | 185,143 | 970,419 | 386,785 | 9,066,584 |
| Other operating expenses | 124,278 | 80,687 | 225,676 | 101,741 | 526,426 |
| General and administrative | 217,329 | 45,402 | 419,257 | 237,356 | 1,253,466 |
| Total operating expenses | 664,506 | 311,232 | 1,615,352 | 725,882 | 10,846,476 |
| Income (loss) from operations | (664,506) | (311,232) | (1,615,352) | (725,882) | (10,846,476) |
| Other income (expense): | |||||
| Interest expense, net | (8,671) | (7,357) | (20,732) | 14,833 | (56,952) |
| Gain on change in fair value of derivative liability | (55,327) | (3,244,249) | 3,278,163 | 835,601 | 34,765 |
| Other income (loss) | (1,340) | 0 | (1,340) | 0 | (1,340) |
| Total other income (expense) | (65,338) | (3,251,606) | 3,256,091 | 850,434 | (23,527) |
| Income (loss) before income taxes | (729,844) | (3,562,838) | 1,640,739 | (1,576,316) | (10,870,003) |
| Income tax provision | 0 | 0 | 0 | 0 | 0 |
| Net Income (loss) | $ (729,844) | $ (3,562,838) | $ 1,640,739 | $ (1,576,316) | $ (10,870,003) |
| Net income per common share, basic and diluted | $ (0.03) | $ (2.25) | $ 0.11 | $ 0 | |
| Weighted average number of common shares outstanding, basic and diluted | 24,653,411 | 1,583,079 | 14,867,219 | 1,542,342 | |
| X | ||||||||||
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- Definition
The average number of shares or units issued and outstanding that are used in calculating basic and diluted EPS.
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| X | ||||||||||
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- Definition
The component of income tax expense for the period representing amounts of income taxes paid or payable (or refundable) for the period for all income tax obligations as determined by applying the provisions of relevant enacted tax laws to relevant amounts of taxable Income or Loss from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
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| X | ||||||||||
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- Definition
Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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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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| X | ||||||||||
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Represents the portion of interest incurred in the period on debt arrangements that was charged against earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.
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- Details
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| X | ||||||||||
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- Definition
The net result for the period of deducting operating expenses from operating revenues.
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| X | ||||||||||
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- Definition
The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Expenditures for salaries other than officers. Does not include allocated share-based compensation, pension and post-retirement benefit expense or other labor-related non-salary expense. For commercial and industrial companies, excludes any direct and overhead labor that is included in cost of goods sold. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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