Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v2.4.1.9
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Revenue    
REVENUES: $ 0us-gaap_Revenues $ 0us-gaap_Revenues
COSTS AND EXPENSES:    
Selling 198,632us-gaap_SellingExpense 0us-gaap_SellingExpense
General and Administrative 907,156us-gaap_GeneralAndAdministrativeExpense 1,189,812us-gaap_GeneralAndAdministrativeExpense
Professional Fees and Consulting Expense 684,893us-gaap_ProfessionalFees 902,362us-gaap_ProfessionalFees
Research and Development 1,971,175us-gaap_ResearchAndDevelopmentExpense 1,018,023us-gaap_ResearchAndDevelopmentExpense
Abandonment of Patent Applications Pending 1,391,281fil_AbandonmentOfPatentApplicationsPending 0fil_AbandonmentOfPatentApplicationsPending
Total Costs and Expenses 5,153,137us-gaap_CostsAndExpenses 3,110,197us-gaap_CostsAndExpenses
LOSS FROM OPERATIONS (5,153,137)us-gaap_OperatingIncomeLoss (3,110,197)us-gaap_OperatingIncomeLoss
OTHER INCOME (EXPENSE):    
Other Income - Settlement Agreement 0us-gaap_OtherIncome 262,837us-gaap_OtherIncome
Other Income - cancellation of Accounts Payable 93,683fil_OtherIncomeCancellationOfAccountsPayable 409,371fil_OtherIncomeCancellationOfAccountsPayable
Other Expense (118,466)us-gaap_OtherExpenses 0us-gaap_OtherExpenses
Fair Value Adjustment of Derivative Liability 8,418,982fil_FairValueAdjustmentOfDerivativeLiability1 (1,674,135)fil_FairValueAdjustmentOfDerivativeLiability1
Amortization of Bond Discount (1,801,735)fil_AmortizationOfBondDiscount (1,464,516)fil_AmortizationOfBondDiscount
Amortization of Deferred Finance Costs (4,835)fil_Amortizationofdeferredfinancecosts (30,122)fil_Amortizationofdeferredfinancecosts
Financing Costs 0fil_FinancingCosts (2,821,630)fil_FinancingCosts
Finance Costs Paid in Stocks and Warrants (164,108)fil_FinanceCostsPaidInStocksAndWarrants (1,226,009)fil_FinanceCostsPaidInStocksAndWarrants
Interest Expense (589,573)us-gaap_InterestExpense (441,477)us-gaap_InterestExpense
Total Other Income (Expense) 5,833,948us-gaap_OtherOperatingIncomeExpenseNet (6,985,681)us-gaap_OtherOperatingIncomeExpenseNet
NET INCOME (LOSS) $ 680,811us-gaap_NetIncomeLoss $ (10,095,878)us-gaap_NetIncomeLoss
BASIC INCOME (LOSS) PER SHARE $ 0.01us-gaap_EarningsPerShareBasicAndDiluted $ (0.09)us-gaap_EarningsPerShareBasicAndDiluted
WEIGHTED AVERAGE BASIC SHARES OUTSTANDING 125,327,071us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 112,214,131us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
FULLY DILUTED INCOME (LOSS) PER SHARE 0.00us-gaap_WeightedAverageNumberOfSharesIssuedBasic (0.09)us-gaap_WeightedAverageNumberOfSharesIssuedBasic
WEIGHTED AVERAGE DILUTED SHARES OUTSTANDING 182,205,032us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 112,214,131us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted