|
CONDENSED STATEMENTS OF OPERATIONS (USD $)
|
3 Months Ended | 12 Months Ended | 69 Months Ended | 72 Months Ended | ||
|---|---|---|---|---|---|---|
|
Jun. 30, 2013
|
Jun. 30, 2012
|
Mar. 31, 2013
|
Mar. 31, 2012
|
Mar. 31, 2013
|
Jun. 30, 2013
|
|
| Revenues | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |
| Operating Expenses: | ||||||
| General and Administrative | 726,196 | 374,737 | 2,145,497 | 1,285,930 | 3,530,916 | 4,257,112 |
| Rent and other related party costs | 41,150 | 26,933 | 148,750 | 14,500 | 168,250 | 209,400 |
| Research and development | 123,239 | 0 | 254,722 | 0 | 254,722 | 377,961 |
| Total operating expenses | 890,585 | 401,670 | 4,844,473 | |||
| Loss from operations | (890,585) | (401,670) | (2,548,969) | (1,300,430) | (3,953,888) | (4,844,473) |
| Other income (expenses) | ||||||
| Foreign currency translation | 0 | 99 | (42) | (2,523) | (2,565) | (2,565) |
| Interest expense | (193,741) | (24,937) | (346,912) | (18,300) | (370,985) | (564,726) |
| Change in fair value of derivative liability | 185,021 | 0 | 124,855 | 0 | 124,855 | 309,876 |
| Financing Cost of Offering | 0 | 0 | (78,458) | 0 | (78,458) | (78,458) |
| Gain on settlement of debt | 0 | 0 | 107,004 | 0 | 107,004 | 107,004 |
| Net loss | $ (899,305) | $ (426,508) | $ (2,742,522) | $ (1,321,253) | $ (4,174,037) | $ (5,073,342) |
| Loss per share - basic and diluted (in dollars per share) | $ (0.02) | $ (0.01) | $ (0.05) | $ (0.03) | ||
| Weighted average number of common shares outstanding, basic and diluted (in shares) | 56,036,546 | 51,954,871 | 53,370,064 | 51,451,096 | ||