Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2015 |
Jun. 30, 2014 |
Jun. 30, 2015 |
Jun. 30, 2014 |
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| Operating Expenses: | ||||
| General and administrative | $ 417,068 | $ 382,614 | $ 742,874 | $ 712,252 |
| Consulting services | 238,375 | 223,102 | 1,008,445 | 1,215,483 |
| Loss from Operations | (655,443) | (605,716) | (1,751,319) | (1,927,735) |
| Other Income (Expenses): | ||||
| Interest expense and standstill fee | (517,760) | (472,574) | (677,107) | (766,482) |
| Loss on change in fair value of derivative liabilities | (8,089,701) | (1,118,596) | (8,651,815) | (1,094,470) |
| Total Other Income (Expenses) | (8,607,461) | (1,591,170) | (9,328,922) | (1,860,952) |
| Net Loss | $ (9,262,904) | $ (2,196,886) | $ (11,080,241) | $ (3,788,687) |
| Net loss per share - basic and diluted (in Dollars per share) | $ (0.18) | $ (0.12) | $ (0.22) | $ (0.08) |
| Weighted average shares outstanding - basic and diluted (in Shares) | 50,905,930 | 30,459,796 | 49,708,073 | 28,263,837 |
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- 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
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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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