Quarterly report pursuant to sections 13 or 15(d)

Statements Of Cash Flows

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Statements Of Cash Flows (USD $)
6 Months Ended 139 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Cash Flows from Operating Activities      
Net loss $ (845,623) $ (945,672) $ (17,266,743)
Adjustments to reconcile net loss to net cash used in operating activities:      
Options issued for services 72,520 173,100 2,705,098
Stock issued for services 183,100 111,238 2,421,095
Stock issued for interest   42,952 141,672
Book value of assets retired   668 6,529
Amortization of debt issuance costs 332   170,746
Depreciation 2,870 3,083 30,061
Impairment of assets     292,202
Change in:      
Accounts receivable 3,971 (15,758) (13,029)
Prepaid expenses and other assets (17,313) (25,422) (303,463)
Accounts payable and accrued liabilities (70,593) 90,896 2,408,235
Net cash used in operating activities (670,736) (564,915) (9,407,597)
Cash Flows from Investing Activities      
Purchase of office furniture and equipment     (43,529)
Net cash used in investing activities     (43,529)
Cash Flows from Financing Activities      
Proceeds from stock and warrant sales, exercise of warrants and warrant exercise advances 638,831 750,000 5,127,286
Proceeds from issuance of debentures and notes 46,000   4,355,591
Net cash provided by financing activities 684,831 750,000 9,482,877
Net increase in cash 14,095 205,085 31,751
Cash, beginning of period 17,666 367,101 10
Cash, end of period 31,761 572,186 31,761
Non-Cash Investing and Financing Activities      
Conversion of debentures to common stock (net) 3,563 652,187 4,261,244
Cash paid for interest 1,634 5,245 301,727
Stock issued to satisfy payables 366,364 556,027 2,353,617
Debenture issued to satisfy payable     125,909
Stock issued subject to put rights and call right to satisfy payables     $ 485,649