|
Consolidated Statements of Operations (USD $)
|
12 Months Ended | 136 Months Ended | |
|---|---|---|---|
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2012
|
|
| Income Statement [Abstract] | |||
| REVENUE | $ 839 | $ 262 | $ 1,869 |
| OPERATING EXPENSES | 820,069 | 1,089,344 | 13,389,660 |
| LOSS FROM OPERATIONS | (819,230) | (1,089,082) | (13,387,791) |
| OTHER INCOME (EXPENSE) | |||
| Interest income | 0 | 7 | 6,775 |
| Sublease rental income | 0 | 0 | 55,979 |
| Other miscellaneous income | 0 | 0 | 106,512 |
| Change in value of derivative liability | 1,936,878 | (839,167) | 777,654 |
| Interest expense | (521,403) | (906,569) | (2,707,081) |
| TOTAL OTHER INCOME (EXPENSE) | 1,415,475 | (1,745,729) | (1,760,161) |
| NET INCOME (LOSS) FOR THE PERIOD | $ 596,245 | $ (2,834,811) | $ (15,147,952) |
| INCOME (LOSS) PER COMMON SHARE | |||
| BASIC | $ 0.01 | $ (0.05) | |
| DILUTED | $ 0.01 | $ (0.05) | |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES - BASIC | 72,655,027 | 54,257,476 | |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES - DILUTED | 74,941,694 | 54,257,476 | |