Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Statement of Stockholders' Equity (Deficit)

v2.3.0.11
Condensed Consolidated Statement of Stockholders' Equity (Deficit) (USD $)
Total
Preferred - A Stock
Common Stock
Additional Paid-In Capital
Deficit Accumulated During Development Stage
Stock Subscriptions Receivable
Beginning Balance at Sep. 02, 2009 $ 0 $ 0 $ 50,000 $ (50,000) $ 0 $ 0
Beginning Balance (shares) at Sep. 02, 2009 0 0 1,000,000 0 0 0
Reverse acquisition adjustment (40,757) 10,000 19,758 (70,515) 0 0
Reverse acquisition adjustment, shares 0 10,000,000 395,150 0 0 0
Sale of common stock with warrants attached (net of derivative liability) 298,465 0 3,067 295,398 0 0
Sale of common stock with warrants attached (net of derivative liability), shares 0 0 61,333 0 0 0
Effect of 1:50 reverse split 0 0 (71,369) 71,369 0 0
Net loss 0 0 0 0 (6,801,183) 0
Balance at Dec. 31, 2009 (6,543,475) 10,000 1,456 246,252 (6,801,183) 0
Balance, shares at Dec. 31, 2009 0 10,000,000 1,456,483 0 0 0
Common stock issued for debt to founders 4,600 0 4,600 0 0 0
Common stock issued for debt to founders, shares 0 0 92,000 0 0 0
Common stock issued for conversion of convertible notes and accrued interest 567,872 0 6,000 561,872 0 0
Common stock issued for conversion of convertible notes and accrued interest, shares 0 0 120,000 0 0 0
Sale of common stock with warrants attached (net of derivative liability) (18,340) 0 191 (18,531) 0 0
Sale of common stock with warrants attached (net of derivative liability), shares 0 0 3,834 0 0 0
Common stock issued for cash 1,390,547 0 5,167 1,385,380 0 0
Common stock issued for cash, shares 0 0 103,333 0 0 0
Common stock issued for services 433,499 0 1,058 432,441 0 0
Common stock issued for services, shares 0 0 21,167 0 0 0
Warrants issued for services 6,995,084 0 0 6,995,084 0 0
Effect of 1:50 reverse split 0 0 (16,675) 16,675 0 0
Net loss (5,709,559) 0 0 0 (5,709,559) 0
Balance at Dec. 31, 2010 (2,879,772) 10,000 1,797 9,619,173 (12,510,742) 0
Balance, shares at Dec. 31, 2010 0 10,000,000 1,796,817 0 0 0
Common stock issued for conversion of convertible notes and accrued interest 85,691 0 32,709 52,982 0 0
Common stock issued for conversion of convertible notes and accrued interest, shares 0 0 32,708,544 0 0 0
Common stock issued for settlement of accounts payable 25,000 0 17 24,983 0 0
Common stock issued for settlement of accounts payable, shares 0 0 17,482 0 0 0
Common stock issued in connection with debt issuance 6,000 0 5 5,995 0 0
Common stock issued in connection with debt issuance, shares 0 0 5,000 0 0 0
Sale of common stock 2,499,999 0 1,833 3,497,166 0 (999,000)
Sale of common stock (shares) 0 0 1,833,333 0 0 0
Common stock issued for services 701,500 0 458 701,042 0 0
Common stock issued for services, shares 0 0 458,238 0 0 0
Common stock issued in exchange for extinguishment of warrants 485,000 0 565 484,435 0 0
Common stock issued in exchange for extinguishment of warrants, shares 0 0 565,000 0 0 0
Warrants issued for services 1,171,320 0 0 1,171,320 0 0
Net loss (1,140,075) 0 0 0 (1,140,075) 0
Balance at Dec. 31, 2011 954,662 10,000 37,384 15,557,096 (13,650,818) (999,000)
Balance, shares at Dec. 31, 2011 0 10,000,000 37,384,414 0 0 0
Common stock issued for conversion of convertible notes and accrued interest 3,823 0 1,529 2,294 0 0
Common stock issued for conversion of convertible notes and accrued interest, shares 0 0 1,529,036 0 0 0
Common stock issued for director compensation 146,250 0 75 146,175 0 0
Common stock issued for director compensation, shares 0 0 75,000 0 0 0
Sale of common stock 550,000 0 550 549,450 0 0
Sale of common stock (shares) 0 0 550,000 0 0 0
Common stock issued for services 450,000 0 250 449,750 0 0
Common stock issued for services, shares 0 0 250,000 0 0 0
Warrants issued for compensation 93,787 0 0 93,787 0 0
Net loss (1,532,806) 0 0 0 (1,532,806) 0
Balance at Mar. 31, 2012 $ 665,715 $ 10,000 $ 39,788 $ 16,798,552 $ (15,183,623) $ (999,000)
Balance, shares at Mar. 31, 2012 0 10,000,000 39,788,450 0 0 0