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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
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3 Months Ended | 6 Months Ended | 46 Months Ended | ||
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Jun. 30, 2013
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Jun. 30, 2012
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Jun. 30, 2013
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Jun. 30, 2012
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Jun. 30, 2013
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| Revenues | |||||
| Service fees | $ 32,227 | $ 3,410 | $ 42,803 | $ 6,015 | $ 62,345 |
| Grant revenue | 32,750 | 37,749 | 43,345 | ||
| Sales | 12,762 | 231,472 | 12,762 | 231,472 | 307,978 |
| TOTAL REVENUE | 77,739 | 234,882 | 93,314 | 237,487 | 413,668 |
| Costs | |||||
| Cost of services | 42,309 | 1,382 | 46,718 | 1,790 | 52,971 |
| Cost of sales | 7,710 | 187,056 | 7,710 | 187,056 | 262,596 |
| TOTAL COST OF REVENUE | 50,019 | 188,438 | 54,428 | 188,846 | 315,567 |
| Gross profit | 27,720 | 46,444 | 38,886 | 48,641 | 98,101 |
| Operating expenses | |||||
| Compensation | 3,287,420 | 587,178 | 4,305,473 | 1,115,957 | 15,529,226 |
| Other operating expenses | 141,494 | 179,412 | 274,344 | 304,220 | 1,553,020 |
| General and administrative | 2,032,197 | 177,561 | 2,892,722 | 1,058,944 | 8,946,327 |
| TOTAL OPERATING EXPENSES | 5,461,111 | 944,151 | 7,472,539 | 2,479,121 | 26,028,573 |
| Loss from operations | (5,433,391) | (897,707) | (7,433,653) | (2,430,480) | (25,930,472) |
| Other income (expense) | |||||
| Interest expense, net | (11,234) | (509) | (21,484) | (542) | (85,483) |
| Loss on exchange of warrants for stock | (485,000) | ||||
| Amortization of discount on convertible debt | (8,791) | (126,783) | (266,609) | ||
| Loss on settlement of accounts payable for common stock | (47,856) | (47,856) | |||
| Loss on payment convertible notes payable | (46,701) | (46,701) | |||
| Provision for warrant liability | (187,000) | (187,000) | (187,000) | ||
| Gain on change in fair value of derivative liability | 245,217 | ||||
| Total other (expense) | (207,025) | (509) | (429,824) | (542) | (873,432) |
| Loss before income taxes | (5,640,416) | (898,216) | (7,863,477) | (2,431,022) | (26,803,904) |
| Income tax provision | |||||
| Net loss | $ (5,640,416) | $ (898,216) | $ (7,863,477) | $ (2,431,022) | $ (26,803,904) |
| Net loss per common share - basic and diluted | $ (0.11) | $ (0.02) | $ (0.16) | $ (0.06) | |
| Weighted average number of common shares outstanding - basic & diluted | 51,321,981 | 40,292,090 | 48,428,883 | 39,245,533 | |
| X | ||||||||||
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- Definition
Aggregate net gain (loss) on exchange of warrants to stock recognized in earnings during the period, before tax effects. No definition available.
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- Definition
Loss on settlement of accounts payable for common stock. No definition available.
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- Definition
Provision for warrant liability. No definition available.
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- Definition
Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs related to services rendered by an entity during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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. No definition available.
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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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- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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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- Definition
Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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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- 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. No definition available.
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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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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- Definition
Revenue earned during the period from non-repayable sum of money awarded to an entity to carry out a specific purpose as provided in grant agreements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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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- Definition
Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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