|
STATEMENTS OF CASH FLOWS (USD $)
|
9 Months Ended |
12 Months Ended |
181 Months Ended |
12 Months Ended |
172 Months Ended |
|
Sep. 30, 2011
|
Sep. 30, 2010
|
Dec. 31, 2009
|
Sep. 30, 2011
|
Sep. 30, 2011
Common Stock
|
Sep. 30, 2011
Preferred Stock
|
Sep. 30, 2011
Prior to Merger
|
Sep. 30, 2011
After Merger
|
Dec. 31, 2010
Restated Amount
|
Dec. 31, 2010
Restated Amount
|
| OPERATING ACTIVITIES |
|
|
|
|
|
|
|
|
|
|
| Net loss |
$ (2,777,528) |
$ (846,374) |
$ (2,463,751) |
$ (28,394,040) |
|
|
|
|
$ (2,575,284) |
$ (25,576,751) |
| Plus non-cash charges to earnings: |
|
|
|
|
|
|
|
|
|
|
| Stock compensation expense |
|
|
1,452,231 |
2,018,280 |
|
|
|
|
|
2,018,280 |
| Depreciation and amortization |
4,778 |
4,515 |
3,534 |
87,745 |
|
|
|
|
6,049 |
85,107 |
| Purchase R&D - Clear Image |
|
|
|
3,309,514 |
|
|
|
|
|
3,309,514 |
| Stock issued for services |
|
|
|
|
5,598,222 |
270,000 |
|
|
|
|
| Expenses paid by third parties |
|
|
|
57,134 |
|
|
|
|
|
57,134 |
| Contribution of services by officer and employees |
|
|
|
799,154 |
|
|
|
|
|
799,154 |
| Services by officer and employees paid for with non-cash consideration |
|
|
|
167,500 |
|
|
|
|
|
167,500 |
| Compensation cost for option price reduction |
|
|
|
50,000 |
|
|
|
|
|
50,000 |
| Amortization debt discounts |
|
|
|
|
|
|
|
|
125,000 |
125,000 |
| Amortization of options and common stock issued for services |
|
|
|
1,775,577 |
|
|
|
|
|
1,775,577 |
| Allowance for doubtful accounts |
|
|
|
50,900 |
|
|
|
|
|
50,900 |
| Gain on extinguishment of debt |
|
|
|
(10,398) |
|
|
|
|
|
(10,398) |
| Write-off of Notes Receivable |
|
|
|
14,636 |
|
|
|
|
|
14,636 |
| Write-off of Notes Payable |
|
|
|
(8,239) |
|
|
|
|
|
(8,239) |
| Write-off of organizational costs |
|
|
|
3,196 |
|
|
|
|
|
3,196 |
| Write-off of zero value investments |
|
|
|
785,418 |
|
|
|
|
|
785,418 |
| Write-off of leasehold improvements and computer equipment |
|
|
|
2,006 |
|
|
|
|
|
2,006 |
| Compensation costs for stock options and warrants granted to non-employees |
|
|
|
1,205,015 |
|
|
|
|
|
1,205,015 |
| Change in working capital accounts: |
|
|
|
|
|
|
|
|
|
|
| (Increase) decrease in receivables from related parties |
|
|
(4,395) |
(94,105) |
|
|
|
|
(25,205) |
(94,105) |
| Increase in other assets |
86,896 |
1,800 |
|
91,291 |
|
|
|
|
|
|
| (Increase) decrease in goodwill |
|
|
|
(23,276) |
|
|
|
|
|
(23,276) |
| (Increase) decrease in other receivables |
|
|
|
(457,266) |
|
|
|
|
(274,361) |
(450,938) |
| Increase (decrease) in accrued salaries and consulting |
|
(70,542) |
(696,655) |
(21,172) |
|
|
|
|
(215,224) |
(21,172) |
| Increase (decrease) in accrued interest |
43,334 |
7,166 |
|
185,834 |
|
|
|
|
1,323 |
92,500 |
| Increase (decrease) in accounts payable and accrued liabilities |
(139,332) |
|
(333,294) |
2,276,337 |
|
|
|
|
1,188,405 |
2,413,169 |
| Total operating activities |
(2,426,002) |
(903,435) |
(1,156,289) |
(10,534,513) |
|
|
|
|
(1,208,524) |
(8,108,511) |
| INVESTING ACTIVITIES |
|
|
|
|
|
|
|
|
|
|
| Purchase of equipment and furnishings |
(157,621) |
(230,376) |
(39,685) |
(1,046,723) |
|
|
|
|
(782,375) |
(889,102) |
| Investment in syringe patent development |
(19,000) |
|
(25,000) |
(54,000) |
|
|
|
|
|
(35,000) |
| Investment in Ives Health Company |
|
|
|
(251,997) |
|
|
|
|
|
(251,997) |
| Investment in The Health Club |
|
|
|
(10,000) |
|
|
|
|
|
(10,000) |
| Total investing activities |
(176,621) |
(230,376) |
(64,685) |
(1,362,720) |
|
|
|
|
(782,375) |
(1,186,099) |
| FINANCING ACTIVITIES |
|
|
|
|
|
|
|
|
|
|
| Loans from shareholders |
|
|
|
15,707 |
|
|
|
|
1,800 |
15,707 |
| Repayment of loans from shareholders |
|
|
|
(8,005) |
|
|
|
|
|
(8,005) |
| Repayments of Promissory Notes |
|
|
(133,429) |
57,325 |
|
|
|
|
|
57,325 |
| Common stock subscribed |
|
|
(512,500) |
546,500 |
|
|
|
|
|
546,500 |
| Sale of preferred stock for cash: |
|
|
|
(1,000) |
|
|
|
|
|
(1,000) |
| Proceeds from sale of common stock to third party investors |
|
|
|
|
|
|
574,477 |
5,743,214 |
|
|
| From exercise of stock options and warrants |
1,465,820 |
358,386 |
558,701 |
3,783,988 |
|
|
|
|
96,200 |
2,318,168 |
| Common Stock issued for payment of debt |
427,921 |
|
|
805,764 |
|
|
|
|
366,166 |
366,166 |
| Less: Issue Costs |
|
|
|
(102,318) |
|
|
|
|
|
(102,318) |
| Derivative Liability |
|
164,761 |
|
|
|
|
|
|
|
|
| Debt Discount |
|
(60,267) |
|
|
|
|
|
|
|
|
| Convertible debentures issued for cash |
439,598 |
169,500 |
|
782,921 |
|
|
|
|
|
355,000 |
| Payment of exclusive license note payable |
|
|
|
(100,000) |
|
|
|
|
|
(100,000) |
| Treasury Stock |
|
|
|
(969) |
|
|
|
|
(969) |
(969) |
| Total financing activities |
2,535,910 |
1,124,552 |
1,283,406 |
12,097,604 |
|
|
|
|
1,993,188 |
9,561,694 |
| Minority interest |
|
|
|
|
|
|
|
|
|
(197,567) |
| Minority interest |
|
|
|
(197,567) |
|
|
|
|
|
|
| Change in cash |
(66,713) |
(9,259) |
64,432 |
2,804 |
|
|
|
|
2,289 |
2,289 |
| Cash at beginning of period |
69,517 |
67,228 |
4,796 |
|
|
|
|
|
67,228 |
67,228 |
| Cash at end of period |
2,804 |
57,969 |
67,228 |
2,804 |
|
|
|
|
69,517 |
69,517 |
| Supplemental disclosure of cash flow information: |
|
|
|
|
|
|
|
|
|
|
| Cash paid for interest and taxes during the period |
|
|
|
|
|
|
|
|
|
57,571 |
| Non-cash financing and investing activities: |
|
|
|
|
|
|
|
|
|
|
| Investment in Globe Joint Venture |
|
|
|
|
|
|
|
|
|
(637,566) |
| 20 to 1 reverse stock split |
|
|
|
|
|
|
|
|
|
138,188 |
| Common stock subscriptions |
|
|
|
|
|
|
|
|
|
69,800 |
| Capitalized compensation cost for options granted |
|
|
|
|
|
|
|
|
|
$ 1,487,700 |