Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v2.4.0.6
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
 3 Months Ended 43 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Revenues      
Service fees $ 10,576 $ 2,605 $ 30,118
Grant revenue 4,999    10,594
Sales       295,216
TOTAL REVENUE 15,575 2,605 335,928
Costs      
Cost of services 4,409 408 10,662
Cost of sales       254,886
TOTAL COST OF REVENUE 4,409 408 265,548
Gross profit (loss) 11,166 2,197 70,380
Operating expenses      
Compensation 1,018,053 528,779 12,241,806
Other operating expenses 132,850 124,808 1,411,526
General and administrative 860,525 881,383 6,914,130
TOTAL OPERATING EXPENSES 2,011,428 1,534,970 20,567,462
Loss from operations (2,000,262) (1,532,773) (20,497,082)
Other income (expense)      
Interest expense, net (10,250) (33) (74,248)
Loss on exchange of warrants for stock       (485,000)
Amortization of discount on convertible debt (117,992)    (257,818)
Loss on settlement of accounts payable for common stock (47,856)    (47,856)
Loss on payment convertible notes payable (46,701)    (46,701)
Gain on change in fair value of derivative liability       245,217
Total other income (loss) (222,799) (33) (666,406)
Income (loss) before income taxes (2,223,061) (1,532,806) (21,163,488)
Income tax provision         
Net income (loss) $ (2,223,061) $ (1,532,806) $ (21,163,488)
Net loss per share - basic and diluted $ (0.05) $ (0.04)  
Weighted average number of common shares outstanding - basic & diluted 45,575,562 38,245,679