|
Statement of Operations (USD $)
|
3 Months Ended | 65 Months Ended | |
|---|---|---|---|
|
Mar. 31, 2012
|
Mar. 31, 2011
|
Mar. 31, 2012
|
|
| Revenue | |||
| Sales commissions | $ 7,493 | $ 10,443 | |
| 7,493 | 10,443 | ||
| Expenses | |||
| Advertising expense | 20,000 | ||
| Consulting and business development fees | 5,158 | 40,500 | 1,785,868 |
| Interest expense | 65 | 22,904 | |
| Depreciation | 48 | 156 | |
| Management fees (Note 5) | 28,804 | 991,255 | |
| Professional fees | 15,999 | 2,500 | 312,913 |
| Stock-based compensation | 716,656 | ||
| Transfer agent & filing fees | 1,404 | 4,011 | 35,543 |
| Travel and accommodation | 14,144 | 390 | 177,908 |
| General and administrative | 24,554 | 50 | 129,402 |
| 90,176 | 47,451 | 4,192,605 | |
| Write-off of technology license | 467,000 | ||
| Gain on debt settlement | (291,008) | ||
| 175,992 | |||
| Net Income (Loss) Applicable to Common Shares | $ (82,683) | $ (47,451) | $ (4,358,154) |
| Net Loss per Basic and Diluted Shares (in Dollars per share) | $ (0.01) | $ 0.00 | |
| Weighted Average Number of Common Shares Outstanding (in Shares) | 14,049,145 | 11,436,427 | |