|
STATEMENTS OF OPERATIONS (Unaudited) (USD $)
|
3 Months Ended | 6 Months Ended | 125 Months Ended | ||
|---|---|---|---|---|---|
|
Jun. 30, 2012
|
Jun. 30, 2011
|
Jun. 30, 2012
|
Jun. 30, 2011
|
Jun. 30, 2012
|
|
| REVENUE | $ 1,127,406 | ||||
| COST OF SERVICES | 496,177 | ||||
| GROSS PROFIT | 631,229 | ||||
| OPERATING EXPENSES | |||||
| Selling, General and administrative expenses | 283,664 | 302,128 | 602,140 | 615,360 | 6,889,288 |
| Research and development | 45,520 | 27,033 | 98,757 | 48,333 | 1,701,860 |
| Impairment loss | 1,753,502 | ||||
| Depreciation and amortization expense | 537 | 110 | 939 | 681 | 122,777 |
| TOTAL OPERATING EXPENSES | 329,721 | 329,271 | 701,836 | 664,374 | 10,467,427 |
| LOSS FROM OPERATIONS | (329,721) | (329,271) | (701,836) | (664,374) | (9,836,198) |
| OTHER INCOME/(EXPENSES) | |||||
| Interest income | 10,321 | ||||
| Interest expense | (22,242) | (100,984) | (2,093) | (372,790) | |
| Penalties | (56) | (56) | (240) | ||
| Gain/(loss) on investment | (73,121) | ||||
| Loss on settlement of debt | (33,750) | (45,988) | (33,750) | (45,988) | (647,038) |
| Gain/(loss) on sale of asset | (963) | ||||
| TOTAL OTHER INCOME/(EXPENSES) | (56,048) | (45,988) | (134,790) | (48,081) | (1,083,831) |
| NET LOSS | $ (385,769) | $ (375,259) | $ (836,626) | $ (712,455) | $ (10,920,029) |
| BASIC AND DILUTED LOSS PER SHARE (in Dollars per share) | $ 0.00 | $ 0.00 | $ (0.01) | $ (0.01) | |
| WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING BASIC AND DILUTED (in Shares) | 122,621,801 | 107,239,373 | 121,426,090 | 104,901,385 | |