|
Statements of Cash Flows (Unaudited) (USD $)
|
9 Months Ended | |
|---|---|---|
|
Sep. 30, 2014
|
Sep. 30, 2013
|
|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | $ (4,800,292)us-gaap_NetIncomeLoss | $ (3,689,060)us-gaap_NetIncomeLoss |
| Adjustment to reconcile net loss to net cash used in operating activities: | ||
| Depreciation expense | 0us-gaap_Depreciation | 128us-gaap_Depreciation |
| Amortization of debt discounts | 1,302,111us-gaap_AmortizationOfDebtDiscountPremium | 98,887us-gaap_AmortizationOfDebtDiscountPremium |
| Shares issued for services | 766,442us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims | 737,955us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims |
| Option expense | 19,494us-gaap_ShareBasedCompensation | 798,923us-gaap_ShareBasedCompensation |
| Loss on change in fair value of derivative liabilities | 905,674us-gaap_DerivativeGainLossOnDerivativeNet | 9,578us-gaap_DerivativeGainLossOnDerivativeNet |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | 0us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | 62,079us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
| Accounts payable | 145,161us-gaap_IncreaseDecreaseInAccountsPayable | 239,003us-gaap_IncreaseDecreaseInAccountsPayable |
| Accounts payable - related party | 0us-gaap_IncreaseDecreaseInAccountsPayableRelatedParties | 135,527us-gaap_IncreaseDecreaseInAccountsPayableRelatedParties |
| Accrued expenses | 684,534us-gaap_IncreaseDecreaseInAccruedLiabilities | 130,023us-gaap_IncreaseDecreaseInAccruedLiabilities |
| Net Cash Used in Operating Activities | (976,876)us-gaap_NetCashProvidedByUsedInOperatingActivities | (1,476,957)us-gaap_NetCashProvidedByUsedInOperatingActivities |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Cash paid for construction in progress | (12,471)us-gaap_PaymentsForConstructionInProcess | (2,349,500)us-gaap_PaymentsForConstructionInProcess |
| Net Cash Used in Investing Activities | (12,471)us-gaap_NetCashProvidedByUsedInInvestingActivities | (2,349,500)us-gaap_NetCashProvidedByUsedInInvestingActivities |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from the sale of common stock | 0us-gaap_ProceedsFromIssuanceOfCommonStock | 842,500us-gaap_ProceedsFromIssuanceOfCommonStock |
| Borrowings on debt | 15,527us-gaap_ProceedsFromIssuanceOfDebt | 0us-gaap_ProceedsFromIssuanceOfDebt |
| Borrowings on convertible debt | 1,074,500us-gaap_ProceedsFromConvertibleDebt | 150,000us-gaap_ProceedsFromConvertibleDebt |
| Borrowings on related party debt | 29,017us-gaap_ProceedsFromRelatedPartyDebt | 476,405us-gaap_ProceedsFromRelatedPartyDebt |
| Payments on related party debt | (49,322)us-gaap_RepaymentsOfRelatedPartyDebt | (14,500)us-gaap_RepaymentsOfRelatedPartyDebt |
| Payments on convertible debt | (79,250)us-gaap_RepaymentsOfConvertibleDebt | 0us-gaap_RepaymentsOfConvertibleDebt |
| Payments on debt | (35,530)us-gaap_RepaymentsOfDebt | (157,500)us-gaap_RepaymentsOfDebt |
| Net Cash Provided by Financing Activities | 954,942us-gaap_NetCashProvidedByUsedInFinancingActivities | 1,296,905us-gaap_NetCashProvidedByUsedInFinancingActivities |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | (34,405)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (2,529,552)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| CASH AND CASH EQUIVALENTS - beginning of period | 35,642us-gaap_CashAndCashEquivalentsAtCarryingValue | 2,575,087us-gaap_CashAndCashEquivalentsAtCarryingValue |
| CASH AND CASH EQUIVALENTS - end of period | 1,237us-gaap_CashAndCashEquivalentsAtCarryingValue | 45,535us-gaap_CashAndCashEquivalentsAtCarryingValue |
| SUPPLEMENTAL DISCLOSURES: | ||
| Cash paid for interest | 0us-gaap_InterestPaid | 0us-gaap_InterestPaid |
| Cash paid for income taxes | 0us-gaap_IncomeTaxesPaid | 0us-gaap_IncomeTaxesPaid |
| NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
| Common stock issued with debt | 8,319us-gaap_StockIssued1 | 182,192us-gaap_StockIssued1 |
| Common stock issued for conversion of debt and interest | 1,430,539us-gaap_DebtConversionConvertedInstrumentAmount1 | 0us-gaap_DebtConversionConvertedInstrumentAmount1 |
| Common stock issued for conversion of accrued liabilities | 1,539,826us-gaap_DebtConversionOriginalDebtAmount1 | 5,780us-gaap_DebtConversionOriginalDebtAmount1 |
| Deferred financing cost accrued | 0us-gaap_DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction | 12,000us-gaap_DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction |
| Reclassification of warrants as derivative liabilities | 6,026us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInstrumentsClassifiedInShareholdersEquityIssues | 0us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInstrumentsClassifiedInShareholdersEquityIssues |
| Resolution of derivative liabilities | 1,599,990us-gaap_EmbeddedDerivativeNoLongerBifurcatedAmountReclassifiedToStockholdersEquity | 0us-gaap_EmbeddedDerivativeNoLongerBifurcatedAmountReclassifiedToStockholdersEquity |
| Debt discounts due to derivative liabilities | 647,514us-gaap_DebtInstrumentConvertibleBeneficialConversionFeature | 0us-gaap_DebtInstrumentConvertibleBeneficialConversionFeature |
| Debt discount due to warrants issued with debt | 400,000us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature | 0us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature |
| Return of common shares | 5us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationReceived1 | 0us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationReceived1 |
| Forgiveness of related party accounts payable | $ 262,652us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationGiven1 | $ 0us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationGiven1 |
| X | ||||||||||
|
- Definition
Amount of increase (decrease) in additional paid in capital (APIC) resulting from recognition of deferred taxes for convertible debt with a beneficial conversion feature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The value of the financial instrument(s) that the original debt is being converted into in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of a favorable spread to a debt holder between the amount of debt being converted and the value of the securities received upon conversion. This is an embedded conversion feature of convertible debt issued that is in-the-money at the commitment date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of debt issuance costs that were incurred during a noncash or partial noncash transaction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of the liability for the conversion option reclassified to stockholders' equity when the embedded option no longer required separation from the host instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of issuances of financial instrument classified in shareholders' equity measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the obligations due for goods and services provided by the following types of related parties: a parent company and its subsidiaries, subsidiaries of a common parent, an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entities' management, an entity and its principal owners, management, or member of their immediate families, affiliates, or other parties with the ability to exert significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value of share-based compensation granted to nonemployees as payment for services rendered or acknowledged claims. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The value of the noncash (or part noncash) consideration given (for example, liability, equity) in a transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of a transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The value of the noncash (or part noncash) consideration received in a transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of a transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow from construction costs to date on capital projects that have not been completed and assets being constructed that are not ready to be placed into service. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from the issuance of a long-term debt instrument which can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow during the period from additional borrowings in aggregate debt. Includes proceeds from short-term and long-term debt. No definition available.
|
| X | ||||||||||
|
- Definition
The cash inflow from a long-term borrowing made from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Proceeds from Advances from Affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow from the repayment of a long-term debt instrument which can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow during the period from the repayment of aggregate short-term and long-term debt. Excludes payment of capital lease obligations. No definition available.
|
| X | ||||||||||
|
- Definition
The cash outflow for the payment of a long-term borrowing made from a related party where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Payments for Advances from Affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The fair value of stock issued in noncash financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|