Annual report pursuant to section 13 and 15(d)

Consolidated Statements of Stockholders' Equity & (Deficit)

v2.3.0.11
Consolidated Statements of Stockholders' Equity & (Deficit) (USD $)
Preferred - A Stock
Common Stock
Additional Paid-In Capital
Deficit Accumulated During Development Stage
Stock Receivable Subscriptions
Total
Beginning Balance at Sep. 02, 2009 $ 0 $ 50,000 $ (50,000) $ 0 $ 0 $ 0
Beginning Balance (Shares) at Sep. 02, 2009 0 1,000,000 0 0 0 0
Reverse acquisition adjustment 10,000 19,758 (70,515) 0 0 (40,757)
Reverse acquisition adjustment, shares 10,000,000 395,150 0 0 0 0
Sale of common stock with warrants attached (net of derivative liability) 0 3,067 295,398 0 0 298,465
Sale of common stock with warrants attached (net of derivative liability), shares 0 61,333 0 0 0 0
Effect of 1:50 reverse split 0 (71,369) 71,369 0 0 0
Net loss 0 0 0 (6,801,183) 0 0
Balance at Dec. 31, 2009 10,000 1,456 246,252 (6,801,183) 0 (6,543,475)
Balance, shares at Dec. 31, 2009 10,000,000 1,456,483 0 0 0 0
Common stock issued for debt to founders 0 4,600 0 0 0 4,600
Common stock issued for debt to founders, shares 0 92,000 0 0 0 0
Common stock issued for conversion of convertible notes and accrued interest 0 6,000 561,872 0 0 567,872
Common stock issued for conversion of convertible notes and accrued interest, shares 0 120,000 0 0 0 0
Sale of common stock with warrants attached (net of derivative liability) 0 191 (18,531) 0 0 (18,340)
Sale of common stock with warrants attached (net of derivative liability), shares 0 3,834 0 0 0 0
Common stock issued for services 0 1,058 432,441 0 0 433,499
Common stock issued for services, shares 0 21,167 0 0 0 0
Common stock issued for cash 0 5,167 1,385,380 0 0 1,390,547
Common stock issued for cash, shares 0 103,333 0 0 0 0
Warrants issued for services 0 0 6,995,084 0 0 6,995,084
Effect of 1:50 reverse split 0 (16,675) 16,675 0 0 0
Net loss 0 0 0 (5,709,559) 0 (5,709,559)
Balance at Dec. 31, 2010 10,000 1,797 9,619,173 (12,510,742) 0 (2,879,772)
Balance, shares at Dec. 31, 2010 10,000,000 1,796,817 0 0 0 0
Common stock issued for conversion of convertible notes and accrued interest 0 32,709 52,982 0 0 85,691
Common stock issued for conversion of convertible notes and accrued interest, shares 0 32,708,544 0 0 0 0
Common stock issued in exchange for extinguishment of warrants 0 565 484,435 0 0 485,000
Common stock issued in exchange for extinguishment of warrants, shares 0 565,000 0 0 0 0
Common stock issued for settlement of accounts payable 0 17 24,983 0 0 25,000
Common stock issued for settlement of accounts payable, shares 0 17,482 0 0 0 0
Common stock issued in connection with debt issuance 0 5 5,995 0 0 6,000
Common stock issued in connection with debt issuance, shares 0 5,000 0 0 0 0
Common stock issued for services 0 458 701,042 0 0 701,500
Common stock issued for services, shares 0 458,238 0 0 0 0
Sale of common stock 0 1,833 3,497,166 0 0 3,498,999
Sale of common stock (Shares) 0 1,833,333 0 0 0 0
Warrants issued for services 0 0 1,171,320 0 0 1,171,320
Net loss 0 0 0 (1,140,075) 0 (1,140,075)
Subscriptions receivable 0 0 0 0 (999,000) (999,000)
Balance at Dec. 31, 2011 $ 10,000 $ 37,384 $ 15,557,096 $ (13,650,817) $ (999,000) $ 954,663
Balance, shares at Dec. 31, 2011 10,000,000 37,384,414 0 0 0 0