Quarterly report pursuant to sections 13 or 15(d)

Condensed Statement of Stockholders’ Equity (Deficit) (Unaudited)

v2.3.0.11
Condensed Statement of Stockholders’ Equity (Deficit) (Unaudited) (USD $)
Issued with Convertible Notes Payable [Member]
Additional Paid-in Capital [Member]
Issued with Convertible Notes Payable [Member]
Issued to Placement Agents and Subagents [Member]
Additional Paid-in Capital [Member]
Issued to Placement Agents and Subagents [Member]
Conversion of Convertible Notes and Accrued Interest [Member]
Common Stock [Member]
Conversion of Convertible Notes and Accrued Interest [Member]
Additional Paid-in Capital [Member]
Conversion of Convertible Notes and Accrued Interest [Member]
Conversion of Series A Preferred Stock [Member]
Convertible Preferred Stock [Member]
Conversion of Series A Preferred Stock [Member]
Common Stock [Member]
Conversion of Series A Preferred Stock [Member]
Additional Paid-in Capital [Member]
Issued for Services Provided [Member]
Additional Paid-in Capital [Member]
Issued for Services Provided [Member]
Convertible Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Treasury Stock [Member]
Retained Earnings [Member]
Total
Balances at Dec. 31, 2011                         $ 7,965,000 $ 164,108 $ 31,495,593 $ (1,679,234) $ (59,788,610) $ (21,843,143)
Balances (in Shares) at Dec. 31, 2011                         7,965,000 16,084,990        
Employee share-based compensation                             228,633     228,633
Fair value of beneficial conversion feature of convertible notes payable issued                             383,204     383,204
Fair value of warrants issued 383,204 383,204 237,299 237,299             1,222 1,222            
Net loss for the three months ended March 31, 2012                                 (3,474,389) (3,474,389)
Conversion of convertible securities into common stock         163,977 11,216,232 11,380,209 (7,965,000) 79,650 7,885,350                
Conversion of convertible securities into common stock (in Shares)         16,397,727     (7,965,000) 7,965,000                  
Balances at Mar. 31, 2012                           $ 407,735 $ 51,830,737 $ (1,679,234) $ (63,262,999) $ (12,703,761)
Balances (in Shares) at Mar. 31, 2012                           40,447,717